Featured post:
Maximize Your Retirement Savings: 5 Steps to Take Before 2024 Ends
Time flies, and your retirement is now one year closer. As the December 31 deadline approaches, there’s still a window of opportunity to take steps that will help you strengthen your company’s retirement funding strategy before 2024 comes to an… 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, 2019Wouldn’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, 2019Building 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, 2019You 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, 2019Financial 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 >>
Episode 11: How Much Does Financial Independence Cost?
March 18, 2019Over the past few episodes we have been addressing some of the most critical questions that you need to answer in order to create financial freedom. On today’s episode we address the question of “How Much Money Do I Need… Read Now >>
What is a Tax Advantaged Qualified Opportunity Fund?
March 13, 2019
Most financial experts call them Qualified Opportunity Funds (QOFs). They are also known as Opportunity Zones. Whatever you want to call them, there’s a good reason “opportunity” is always in the title. These new investment funds are one component of… Read Now >>
Wise Tax Strategies to Speed Up Your Financial Independence
March 6, 2019
7 tax tips that will help you achieve financial independence and early retirement. February was FIRE (financial independence, retire early) month here on the Illumination Wealth blog. In March, we want to shift our focus to tax planning because it’s… Read Now >>
Client Case Study: Making Early Retirement Dreams Come True
February 27, 2019
The story of one client’s journey to financial independence thanks to advisement and planning from Illumination Wealth. From time to time on the Illumination Wealth Blog, we want to highlight some of our clients’ success stories as they strive for… Read Now >>
