One of the 5 P’s of Life is “Personal Finance” – your money. While money isn’t everything, it helps you achieve the lifestyle you want to live. Every Tuesday, we tweet personal finance tips to help you achieve your financial goals. Click here to follow us on Twitter. Below are some tips we tweeted last month.

Homeowners may qualify to exclude from their income all or part of any gain from the sale of their main home.

When transferring personal property to a trust, check your insurance policies to ensure the trust is covered.

Be proactive with your money by estimating and saving for upcoming holiday expenses. 

When you have low or no income, convert your traditional IRA to a Roth for tax-free withdrawals and no RMDs.

As you review your health care insurance coverage, pay attention to your long-term disability benefits.

References for our personal finance tips are listed below – click on the title to go to the link.

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ABOUT US: Transition Planning & Guidance, LLC, (“TransitionPG®”) looks at all aspects of life using the 5 P’s of Life – personal relationships, personal finance, profession, peace of mind, and physical health. While money helps you achieve many goals, it’s not the only thing to consider when developing a financial plan. Our mission is to help you define and achieve your financial, personal, and professional goals – especially during life transitions. Through our planning services and guidance plans, you take control of your money and life.


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Risk Management: Protecting Assets When Home Ownership Is Transferred to a Trust

Start Planning Now for Your Holiday Spending

5 Ways to Minimize Taxes on Retirement Income

Why A Long-Term-Disability Policy Is More Important Than Pet Insurance