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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 >>
Philanthropic Planning: The Benefits of Donor-Advised Funds (DAFs)
December 13, 2023
We are continuing our year-end article series focused on charitable giving and philanthropic tax planning. The proper strategies can enable you to make a bigger difference through charitable donations, while also benefitting you from a tax perspective. Check out our… Read Now >>
Philanthropic Planning: Maximize Capital Gains by Gifting Appreciated Stock
December 6, 2023
Charitable giving can be a smart financial strategy from a tax perspective, and you can also do a lot of good by supporting your favorite charitable organizations. Last week, we discussed some general charitable gifting strategies. [Click here to read… Read Now >>
Philanthropic Planning: A Comprehensive Guide to Charitable Giving Strategies
November 29, 2023
Over the next four weeks, we will be diving into the topic of philanthropic planning. We will be covering important topics related to charitable giving, different types of gifting strategies, and of course, the specific financial benefits that come with… Read Now >>
Year-End Financial Review for Business Owners
November 15, 2023
Last week on the Illumination Wealth Blog, we provided some year-end financial review and tax planning tips for individuals and families. [Click here to read full article.] In this article, we will turn our focus to business owners and entrepreneurs.… Read Now >>
Year-End Financial Review for Individuals
November 8, 2023
2023 is almost over. As the year comes to an end, it’s the perfect time to review your finances and adjust your financial plan for 2024 and beyond. In-depth financial reviews should happen at least once a year, and there’s… Read Now >>
The Gift of Giving: Introducing Children to Charitable Giving
November 1, 2023
Last week, we talked about the gift of giving during the holiday season. The article was all about teaching financial literacy to your children and grandchildren, as well as using this time with family to discuss important estate planning issues.… Read Now >>
The Gift of Giving: Teaching Financial Literacy During the Holidays
October 25, 2023
It’s that time of year where both family matters and financial planning have extra significance. On a family level, you have holidays like Thanksgiving and Christmas that bring everyone together and remind us what’s truly most important in life. This… Read Now >>
How to Start an HSA for Your Company
October 18, 2023
The Affordable Care Act (ACA) eliminated most small business health plans that allowed employers to reimburse employees’ individually purchased health insurance. This led to many small business owners to remove health coverage or adopt health savings accounts (HSAs) as an… Read Now >>
Latest Updates on the Pass-Through Entity Tax (PTET)
October 11, 2023
A majority of states have now adopted the pass-through entity tax (PTET). In fact, 36 of the 41 states which impose state income taxes have adopted some form of a PTET tax rule. The PTET enables owners of pass-through business… Read Now >>
What Business Owners Need to Know About ICHRA Benefits
October 4, 2023
Are you thinking about providing your employees with a new individual coverage health reimbursement agreement (ICHRA) as part of your benefits package? There is some important information you will want to understand before implementing an ICHRA. Below are some of… Read Now >>
