Featured post:
Preparing for 2025: How to Build a Bulletproof Financial Plan
As the calendar turns toward a new year, it’s the perfect time to ensure your financial plans are as robust as your ambitions. A well-crafted financial strategy helps you navigate uncertainties, achieve your goals and create long-term stability. Here’s how… Read Now >>
Which Investments Should You Consider in Times of Inflation and Stagflation?
April 21, 2021
Inflation rates are clearly on the rise during our economic recovery from the pandemic, and many experts fear that a stagflated market could also be on the horizon. As an investor, you must do what you can to prepare for… Read Now >>
What is Stagflation and What Does it Mean for Business Owners?
April 14, 2021
After a tough 2020 for so many industries, it’s nice to see the economy slowly recover in 2021. We’re a long way from where we were in 2019, though, and this recovery faces some major challenges ahead. One issue some… Read Now >>
How Inflation Affects Your Financial Independence
April 8, 2021
As you build your retirement plan and save for a financially independent future, there are so many different things to consider. You have to strategize how to invest and manage your wealth based on a variety of factors. One major… Read Now >>
Transferring Your Business Ownership to an Intentionally Defective Grantor Trust (IDGT)
March 24, 2021
Some business owners will want to explore the option of creating an Intentionally Defective Grantor Trust (IDGT). When the situation is right, it can be a smart way to limit tax liability when transferring wealth and business assets to heirs.… Read Now >>
Selling a Business in a High-Tax State? Consider an ING Trust.
March 17, 2021
It’s no secret that here in California, taxes are among the highest in the country. The trust income tax tops out at a whopping 13.3% and can be very costly if you are selling a business or transferring estate assets.… Read Now >>
Estate Planning Opportunities in Anticipation of Tax Changes
March 10, 2021
We saw a major swing of power with this past election as President Biden moved into the White House and Democrats gained a technical majority in the Senate. No matter your political beliefs, it is important to study political trends… Read Now >>
Are Estate Tax Laws About to Change?
March 3, 2021
This month on the Illumination Wealth Blog, we want to talk about tax planning. We will be focusing on the changing estate tax laws and the overall estate and gift tax landscape, as well as estate and income tax planning… Read Now >>
7 Main Types of Business Exit Options, Part 2: External Exits
February 24, 2021
Last week, we talked about the first four most common types of business exit options. We featured the “internal exits.” This week, we will focus on the “external exits” that business owners can consider when it is time to sell… Read Now >>
7 Main Types of Business Exit Options, Part 1: Internal Exits
February 17, 2021On the Illumination Wealth Blog, our focus lately has been on exit planning for business owners. Last week, we put together a checklist to help you know if you are truly “ready” to move on. These next two weeks, we… Read Now >>
Business Owner Exit Plan Readiness Checklist
February 10, 2021
Are you truly ready to transition away from your business? This is a critical question every business owner must ask as they develop and execute their exit plan. Cashing out and moving onto retirement or another business venture sounds enticing.… Read Now >>
