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 >>
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 >>
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 >>
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 >>
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 >>
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 >>
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 >>
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 >>
It’s never too late to start planning for a brighter financial future. Whether your retirement is a few decades away or a few years away, there are positive steps you can take now to get where you want to go… Read Now >>
There are many strategies you can apply to become a successful real estate investor. Though real estate is generally considered one of the safest long-term investments, it is not without its risk. The market will have fluctuations, both big and… Read Now >>