The ABCs of 529 Plans

August 25, 2021
Diploma college savings concept, 529 plan

If you are saving for your children’s college expenses, you have likely heard of a 529 plan. This is a popular option that’s specifically designed for college savings. As with any investment program, there are pros and cons to 529… Read Now >>

How to Prioritize College Savings in Your Financial Plan

August 18, 2021
College savings concept

When you have children, saving for their college education is generally going to be a major priority. You want to help set them up for their future and provide them with the financial resources they need to get a quality… Read Now >>

The Pros and Cons of Vacation Rental Properties

August 10, 2021
Deck view of a vacation rental property.

As we’ve been discussing on the Illumination Wealth Blog, short-term vacation rental properties can be a great investment if managed properly. These rentals can take several different forms: • Property Solely Used as a Vacation Rental • Part-Time Vacation Rental… Read Now >>

Is a Vacation Rental Property a Worthwhile Investment?

August 4, 2021
Vacation rental property outdoor patio with waterfront view

We’ve been talking about the costs, benefits and planning options for short-term vacation rental properties. Ultimately, one big question remains: Is a vacation rental property worth your time, money and effort? This is a loaded question because it will depend… Read Now >>

Long-Term vs. Short-Term Vacation Rental—Which is Better?

July 28, 2021
Real estate investment chess board concept

With online platforms like Vrbo and AirBnB gaining so much popularity, short-term vacation rentals have become all the rage. Rental property owners used to seek out long-term tenants to rent their homes and condos for entire seasons. They preferred the… Read Now >>

Maximizing Your Vacation Rental Income

July 21, 2021
Real estate investor on beach with laptop managing vacation rental.

If you own a short-term vacation rental property, you’ll want to do everything you can to maximize your profitability. Here are 10 simple tips we recommend to help you improve your ROI and increase your vacation rental income: 1. Keep… Read Now >>

The Cost Structure of Having a Short-Term Rental

July 14, 2021
Poolside chair, towel and drink at a short-term vacation rental

It is an enticing prospect to use an extra room in your house, dedicated guest space or a second home as a short-term vacation rental, especially if you own property in a desirable travel destination. You just have to remember… Read Now >>

Costs and Benefits of a Vacation Rental

July 7, 2021
Ocean view from balcony of vacation rental.

Real estate is almost always a sound long-term investment. Within the larger field of real estate investing, vacation properties are a unique subset. What you choose to do with your vacation home may determine how lucrative an investment it can… Read Now >>

Do You Need California Residency or Business Tax Planning?

June 23, 2021
Pen and ledger to represent California tax planning.

We’ve been focusing on California business owners lately on the Illumination Wealth Blog. There has been an uptick in interest for people to move their businesses—or at least themselves—out of California’s high-tax environment and relocate to a lower-tax state like… Read Now >>

When Does it Make Sense to Move Your Business Out of California?

June 16, 2021
Bay Bridge at night. Concept to show businesses moving out of California.

Our last couple of blog articles have been geared toward business owners who are thinking about moving their business out of California. Today, I would like to present a couple relatable scenarios and how each situation may affect a decision… Read Now >>