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Is a SIMPLE IRA or 401(k) Better for My Business?

When setting up a retirement plan for your business, you have options. In most cases, it will come down to a choice between a 401(k) and a SIMPLE IRA. As with most big financial decisions, there will be pros and… Read Now >>

Why Real Estate is Overlooked by Most Financial Advisors

April 10, 2019

When you mention real estate investment to many financial advisors, you may just get a look of concern or confusion. It’s not that they don’t believe it is another way to build wealth. It’s that they may not fully understand… Read Now >>

Episode 17: The Powerful Tax Benefits of Real Estate Investing

April 4, 2019

Real estate is one of the most popular investment strategies for building wealth, preserving it and creating enduring financial freedom. Investing in real estate opens a treasure trove of tax advantages that the traditional investment strategies sold on Wall Street… Read Now >>

The Major Tax Benefits of Real Estate Investing

April 3, 2019

There’s a reason that so many real estate magnates show up when you look at lists of some of the wealthiest and most influential individuals in the world. We even have one sitting in the Oval Office right now, but… Read Now >>

Episode 16: The Costly Mistakes on your Tax Return

April 1, 2019

Do your eyes gloss over when you look at your tax return? Do you even truly know if your returns are prepared accurately? Are you aware of any last minute tax saving opportunities? We have found that most people answer… Read Now >>

Client Case Study: Coordinated Tax Planning to Unlock a Brighter Future

March 27, 2019

We’ve talked a lot about tax planning this month, and sometimes it helps to see some of these tax strategies in action with real-world results. Though we will not share any names in order to protect the privacy of Illumination Wealth’s… Read Now >>

Episode 15: How To Realize Tax Savings From Your Personal Lifestyle

March 22, 2019

Wouldn’t it be nice if all of our lifestyle spending was tax deductible? Well, there are ways to coordinate personal lifestyle planning strategies with solid tax planning to save you thousands of dollars per year in taxes. There is however… Read Now >>

How to Use Your Personal Lifestyle for Business Tax Savings

March 20, 2019

Being self-employed has its advantages, especially when it comes to tax planning. There are numerous tax and retirement planning strategies you can employ by integrating certain aspects of your personal lifestyle into your business finances. First, a quick disclaimer. It… Read Now >>

Episode 14: How Warren Buffett Has A Lower Tax Rate Than You

March 18, 2019

Building wealth isn’t about how much money you make, it’s about how much money you keep. One of the biggest factors in how much you get to keep is directly related to how much of your income goes to taxes.… Read Now >>

Episode 13: The Value Of Changing Your Mindset Around Taxes

March 18, 2019

You may not realize this but taxes are likely your single biggest expense when you add them all up – Federal Income Tax, State Income Tax, Payroll Tax, Corporate Tax, Sales Tax, Property Tax, and the list goes on. But… Read Now >>

Episode 12: 2 Vital Numbers That Make or Break Your Early Financial Independence

March 18, 2019

Financial Independence Planning is comprised of many financial details and assumptions about the future. Many financial advisers seek to add unnecessary granularity in hopes of delivering their clients a magic retirement number. On this episode, we discuss the two essential… Read Now >>