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 >>
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.
Discover how the 2025 tax law changes enhance Qualified Small Business Stock (QSBS) benefits for investors and founders, including faster exclusions and higher caps.
How were bonus depreciation tax rules affected by Trump’s One Big Beautiful Bill Act? Illumination Wealth covers what you need to know.
What are the most important gift tax rules to understand and how can you minimize tax liabilities for yourself and your recipients?
What is FIRE (Financial Independence and Early Retirement) planning? Illumination Wealth breaks down the steps you should be taking now.
Follow these tips from Illumination Wealth for financial planning for business owners. Build a stronger financial legacy with better planning.
Looking to reduce estate taxes and improve your estate planning strategies for your family and business? Here are some tips.
As a business owner, you’ve worked hard to build something of value. But have you taken the steps necessary to protect your business—and your family’s financial future—if something unexpected happens? An estate plan isn’t just for retirees or high-net-worth individuals.… Read Now >>
Every investor has a different relationship with risk. Understanding your personal risk tolerance is essential to building a portfolio that supports your long-term financial goals while helping you sleep at night. At Illumination Wealth, we believe that knowing how much… Read Now >>