Archives
Using a SEP or Solo 401(k) to Supercharge Retirement Savings
September 16, 2025
For self-employed professionals and small business owners, saving for retirement requires a different strategy than for traditional employees. Without access to a company-sponsored plan, you need tools that allow you to maximize contributions, minimize taxes and build long-term wealth. Two… Read Now >>
Global Investing: Should You Look Beyond U.S. Markets?
September 9, 2025
When it comes to building a resilient investment portfolio, many investors focus almost exclusively on U.S. markets. It’s understandable because American companies dominate global market capitalization, and the U.S. economy has historically been one of the strongest and most innovative.… Read Now >>
Roth IRA Conversions: When It Makes Sense for High-Income Earners
September 2, 2025
Discover when a Roth IRA conversion makes sense for high-income earners. Learn strategies to lock in tax-free growth, reduce future taxes, and improve retirement flexibility.
Clean Vehicle Tax Credit Termination: What You Need to Know
August 26, 2025
Electric vehicle tax credits will end. The One Big Beautiful Bill Act will effectively terminate major EV incentives by September 30, 2025. Learn what this means for your financial planning and why now may be the best time to act.
Tax Credit Benefits of a Residential Clean Energy Credit (RCEC)
August 19, 2025
The 30% Residential Clean Energy Credit may expire sooner than expected. Learn what’s changing, why 2025 could be your last chance to claim it, and how to maximize savings on solar panels and other renewable energy upgrades.
Why Entrepreneurs Should Have a Defined Benefit Plan
August 12, 2025
If you’re a high-income solo business owner, there’s a lesser-known retirement strategy that can dramatically boost your savings while reducing your tax bill: the defined benefit plan. While often linked to large corporations or public sector jobs, defined benefit plans… Read Now >>
Big Beautiful Breakdown: Take Advantage of R&D Tax Credits
August 5, 2025
Discover how the 2025 tax bill revives full expensing for domestic R&D costs, retroactive deductions, and how businesses can maximize cash flow using R&D tax credits.
Big Beautiful Breakdown: What Is Qualified Small Business Stock (QSBS)?
July 22, 2025
Discover how the 2025 tax law changes enhance Qualified Small Business Stock (QSBS) benefits for investors and founders, including faster exclusions and higher caps.
Big Beautiful Breakdown: Bonus Depreciation Benefits for Business Owners
July 15, 2025
How were bonus depreciation tax rules affected by Trump’s One Big Beautiful Bill Act? Illumination Wealth covers what you need to know.
Understanding Gift Tax Rules for Smart Wealth Transfers
July 9, 2025What are the most important gift tax rules to understand and how can you minimize tax liabilities for yourself and your recipients?
