Featured post:
Big Beautiful Breakdown: Changes to Itemized Deductions
Under the Tax Cuts and Jobs Act (TCJA), miscellaneous itemized deductions were suspended from 2018 through 2025. The OBBBA now makes that suspension permanent. That means deductions for unreimbursed employee business expenses, investment expenses or other “miscellaneous” costs previously subject… Read Now >>
Is the Uber IPO Worth the Investment?
May 15, 2019
One of the biggest pieces of news in the financial markets is that Uber Technologies Inc. went public last week via an initial public offering (IPO). What does that mean? Well, this means the company now has shares that are… Read Now >>
Episode 22: Should You Convert Your Home To A Rental
May 10, 2019We all know that buying a home is one of the biggest decisions of your life, but buying your next home comes with another huge decision to make: Should You Keep Your Home as A Rental Property or Sell It?… Read Now >>
Should I Sell My Home or Rent it Out?
May 8, 2019
Inevitably, there comes a time when we decide to sell our house and move to a new one. There may be many reasons for moving. You might be moving for work or heading to a new town for your family.… Read Now >>
Episode 21: My $1,000,000 Mistake at 21
May 3, 2019While in college at the University of Wisconsin-Madison (Go Badgers!) I owned and operated a student transportation business with a good friend and business partner. We systematized the operations to the point where the business was able to run without… Read Now >>
Why and How to Invest Your HSA
May 1, 2019
When you are planning for retirement, you have to also factor in healthcare costs. The current projections for today’s couples is in excess of $275,000 for average retirement healthcare expenses. This is on top of Medicare benefits. With this in… Read Now >>
Episode 20: The Tax Breaks of the Real Estate Mogul Next Door
April 26, 2019A recent Bloomberg article highlighted the divorce proceedings of a billionaire real estate developer from New York City. The divorce documents revealed this wealthy real estate investor paid no tax since the 1980’s. It articulated how investing in real estate… Read Now >>
Investing in Real Estate: How to Get All the Benefits with None of the Headaches
April 24, 2019
A lot of investors (and their financial advisors) may be hesitant to get into real estate investment. The reason is because they don’t have full confidence in what they are doing. So much of long-term wealth management is about minimizing… Read Now >>
Episode 19: Life Designed Real Estate Investing
April 18, 2019Just because you watch Flip or Flop does not mean that flipping homes is the right real estate investing path for you. There are, however, many ways to invest in real estate. You can live-in-flip, landlord, lend, partner, invest, sponsor,… Read Now >>
Building Your Wealth and Retirement Plan Through Real Estate Investment
April 17, 2019
Last week, we talked about why real estate investing is often overlooked by most financial advisors. It’s such an interesting topic, which is why we’ve been focusing so much on real estate this whole month. At Illumination Wealth, we see… Read Now >>
Episode 18: How Much Real Estate Should You Have In Your Portfolio?
April 12, 2019Traditional financial advice typically disregards real estate investment from the asset allocation conversation. Real estate is often called “complex” or an “alternative” investment. Meanwhile the public markets consisting of Stocks, Mutual Funds and ETFs are conventionally believed to be the… Read Now >>
