Every Tuesday, we tweet personal finance tips to help you achieve your financial goals. Click here to follow us on Twitter.

Below are tips we tweeted last month. Click on each tip for more information and to view the source.

Work with a CFP® professional to determine how much you need to save for retirement – the amount you need depends on your lifestyle and longevity.

When starting a small business, work with a CPA to determine if you should set-up your business as an LLC or S-corp.

Before signing your divorce settlement, make sure you have a QDRO (another legal document) to receive money from your ex’s 401(k), pension, or other employer-sponsored retirement plan.

Be wise and talk to your significant other about finances if you are living together and not legally married – without a marriage license you are not financially protected if your significant other becomes ill, leaves or dies.

Segment your retirement years into three parts (active, moderately active, and nonactive) to make planning for 20+ years less overwhelming.

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.

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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