Personal Finance Tips | Recap April 2019

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 to view the source.

Avoid an IRS audit by making sure you claim all required income, including payouts from your retirement plan (form 1099-R) and Social Security benefits (form 1099-SSA).

Pay attention to proposed legislation that could impact your retirement planning – e.g., the SECURE Act will remove age restrictions for IRAs and change the age to begin RMDs.

Create a lifestyle you can sustain – track your spending and set limits on frivolous expenses.

Remember there are loans to pay for your child’s college education but there are no loans to pay for your retirement.

If you’re serious about saving for an upcoming summer vacation, then cut back on another expense temporarily.

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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.

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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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