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Featured post:

Year-End Tax Planning for New Tax Laws: Estate Taxes

In our previous two articles, we covered the proposed individual tax changes and business tax changes that have been proposed as part of the American Families Plan backed by President Biden and the House Ways & Means Committee. The goal… Read Now >>

How Much Crypto Should Be in Your Portfolio?

May 12, 2021
Stock numbers and charts to represent crypto investment market

Continuing our Illumination Wealth Blog series on cryptocurrency, we want to look at crypto as a legitimate investment opportunity. It has turned into something similar to the stock market with so many new cryptocurrencies and trading platforms available, as well… Read Now >>


Cryptocurrency Explained

May 5, 2021
Cryptocurrency next to 100 dollar bills

There is a lot of talk lately about cryptocurrency (or just “crypto”). It’s for good reason. Serious investors have taken notice and many see it as the currency of the future. So, what exactly is it and how should you… Read Now >>


What Exactly is an NFT?

April 28, 2021
Collage of digital image to represent NFT cryptocurrency concept

This is a term we hear more and more each day in the financial world. “Nonfungible tokens” (more commonly known as NFTs) are all the rage among high-end collectors. An NFT is a new form of investment tied in directly… Read Now >>


Which Investments Should You Consider in Times of Inflation and Stagflation?

April 21, 2021
Ground view looking up at tall city buildings to represent investing during inflation and stagflation

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
Silhouettes of business team talking - stagflation concept

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
Illustration of people holding up an arrow to represent inflation concept.

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
Pocket watch and pen, representing creation of a trust

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
California state capital building - high-tax state

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
Family hiking in the hills, representing estate planning for family future.

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
Scales of justice - Tax law concept

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 >>