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4 Financial Skills All Business Owners Should Learn

Submitted by Neville Associates on March 31st, 2023

 

Running a business requires gaining expertise in many things over a short period—especially financial matters. If finances do not come naturally to you, you may quickly feel like you are in over your head. Fortunately, mastering these skills might be easier than it seems. Here are four key financial skills that all business owners need to learn.

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  • 4 Financial Skills All Business Owners Should Learn
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From Riches To Rags In Three Generations: Managing Generational Wealth Checklist

Submitted by Neville Associates on March 31st, 2023

 

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  • From Riches To Rags In Three Generations: Managing Generational Wealth Checklist
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Minimizing Taxation of Your Social Security Retirement Benefit

Submitted by Neville Associates on March 31st, 2023

Your Social Security retirement benefit may be taxable

Did you know that you might have to pay federal income tax on your Social Security retirement benefit? If the only income you had during the year was Social Security income, then your benefit usually isn't taxable.

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Everything You Need to Know About the Social Security Trust Fund

Submitted by Neville Associates on March 6th, 2023

The Old Age and Survivors Insurance (OASI) benefits, known as Social Security, pay retirement and survivors benefits through The Social Security Trust Fund. The U.S. Social Security Administration oversees this fund. Social Security (SS) taxes and other income are deposited into the trust fund accounts, and SS benefits payout from them.

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Stocks and Bonds Before and After Taxes

Submitted by Neville Associates on February 27th, 2023

Investing in U.S. stocks and bonds is a popular way for individuals and institutions to grow their wealth and generate income. However, it is important to consider the impact of taxes on these investments before and after making them. In this article, we will discuss the various tax implications of investing in U.S.

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Financial Mistakes to Avoid in 2023

Submitted by Neville Associates on February 27th, 2023

Could you be losing money because of simple monetary mistakes? Avoid these money-wasting habits in 2023 to have more cash when you need it—or save it for a rainy day.

 

Failing to budget

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Developing a Spending Plan

Submitted by Neville Associates on January 30th, 2023

What is a spending plan?

Your spending plan is your active strategy for getting where you want to go. Think of your spending plan as a road map that helps you reach your goals, as well as give you a sense of direction.

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Trust as Beneficiary of Traditional IRA or Retirement Plan

Submitted by Neville Associates on January 30th, 2023

What is it?

A trust is a legal entity that you can set up and use to hold property for the benefit of one or more individuals (the trust beneficiaries).

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A Beginner’s Guide to Investing

Submitted by Neville Associates on January 30th, 2023

When you start to consider if investing is an appropriate option for you, you may have questions. You might want to ask:

  • How do I invest money, and where?
  • How much money will I need?
  • What are some common strategies for someone that has never invested before?

 

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Wealth Due to Inheritance

Submitted by Neville Associates on January 30th, 2023

What is it?

If you're the beneficiary of a large inheritance, you may find yourself suddenly wealthy. Even if you expected the inheritance, you may be surprised by the size of the bequest or the diverse assets you've inherited.

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