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 >>
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 >>
The Challenges of Financial Independence and Early Retirement
February 20, 2019
The road to early financial independence can be demanding, yet rewarding. It’s important to understand the obstacles you will face on your FIRE journey. At Illumination Wealth, we’ve been excited to talk about the February FIRE movement (Financial Independence, Retire… Read Now >>
Episode 10: Financial Independence – Not If, But When
February 15, 2019On this episode, we address the next most important question on the journey to financial independence – “When”?. This is the date where you actually turn your financial independence dream to reality. You have to know “When” in order to… Read Now >>
10 Tips for Early Financial Independence
February 13, 2019
As we continue our February FIRE (Financial Independence, Retire Early) movement, it’s important to understand what it takes to achieve early financial independence. Many people mistakenly think that earning a high salary is all it takes, while others may be… Read Now >>
Episode 9: The Two Most Important Questions For Financial Independence & Early Retirement
February 8, 2019This month, we are dedicating the “Sharing the Illumination Wealth” podcast to Financial Independence. On todays episode, we address two of the most important questions on your journey to financial independence. Unfortunately most financial advisors “poo-poo” these two questions yet… Read Now >>
Episode 8: Wealth Care – A Healthy Financial Life Starts With A Proper Diagnosis
February 6, 2019This past weekend my daughter got sick so we took her to our local urgent care. She was quickly seen and dismissed with her actual ailment being misdiagnosed. She didn’t receive the treatment she needed and her illness got worse… Read Now >>
Episode 7: The 10 Year Challenge – Do You Like What You See?
February 6, 2019Welcome to the 10 Year Challenge Edition of the “Sharing The Illumination Wealth” podcast. On this episode, Matt paints a picture of how his 10 Year “Financial Life” challenge and how it has changed…not the least of which included founding… Read Now >>
