New Rules for 529 Accounts: More Than Just College Savings
Introduction 529 plans have come a long way, from narrowly defined college savings accounts to truly flexible education savings accounts. In recent legislation, the tax-favored rules have expanded dramatically, allowing families to fund not only college but also K–12, vocational credentials, and even continued education for adults. The changes inject much-needed flexibility for families, especially those worried their 529 contributions would go to waste if a child didn’t attend college. What Are 529 Accounts? 529 accounts—known legally as "Qualified Tuition Programs" are state‑administered savings plans designed to help individuals accumulate funds for educational costs. Managed by states (sometimes in partnership [...]
What Individual Investors Should Know About the One Big Beautiful Bill Act (OBBBA)
What Individual Investors Should Know About the One Big Beautiful Bill Act (OBBBA) Signed into law on July 4, 2025, the One Big Beautiful Bill Act (OBBBA) introduces sweeping tax reforms, new deductions, and key policy shifts that could significantly impact how individuals and families plan, save, and file taxes. At McNeill Capital, we're breaking down what matters most to you and your household finances. 1. Permanent Tax Cuts and a Bigger Standard Deduction The individual tax cuts introduced in the 2017 Tax Cuts and Jobs Act were previously set to expire after 2025. OBBBA makes those cuts permanent. In [...]
When to Reconsider Your Family Office Investment Governance Model
As family wealth grows and the complexity of managing it increases, the governance structures put in place at the outset of a family office can become outdated or insufficient. A family office that began as a nimble operation managing a few investment accounts may struggle to maintain efficiency, transparency, and alignment when overseeing hundreds of millions in assets, multiple trusts, and multi-generational objectives. Strong investment governance is not just about having policies in place, it’s about enabling informed decision-making, managing risk, and ensuring accountability across stakeholders. In this post, we explore the signs that indicate your family office [...]
The Role of the OCIO in Multi-Generational Wealth Planning
Managing wealth across multiple generations is one of the most complex challenges in the world of finance. It goes far beyond selecting the right mix of investments. Families must confront divergent goals, shifting risk appetites, evolving life circumstances, and the constant tension between preservation and progress. Multi-generational wealth planning requires a unifying strategy that blends rigorous investment management with personalized governance, education, and communication. This is where the outsourced chief investment officer (OCIO) model shines. An OCIO brings institutional-grade investment management, unbiased guidance, and strategic clarity to families navigating the intricate terrain of legacy wealth. In this post, [...]
How Rising Interest Rates Are Reshaping Strategic Asset Allocation
The investment landscape has undergone a profound transformation. After more than a decade of ultra-low interest rates, we are now in a sustained period of higher rates. This shift is not just a temporary dislocation; it marks a structural change with long-lasting implications. For long-term investors, particularly those managing complex portfolios or multi-generational wealth, rising interest rates necessitate a rethinking of foundational principles in strategic asset allocation. The "free capital" era is over, and with that, traditional models for risk, return, and capital deployment require thoughtful recalibration. At our firm, we believe this inflection point presents not just challenges, [...]
Introduction 529 plans have come a long way, from narrowly defined college savings accounts to truly flexible education savings accounts. [...]
What Individual Investors Should Know About the One Big Beautiful Bill Act (OBBBA) Signed into law on July 4, 2025, [...]
As family wealth grows and the complexity of managing it increases, the governance structures put in place at [...]
Managing wealth across multiple generations is one of the most complex challenges in the world of finance. It [...]
The investment landscape has undergone a profound transformation. After more than a decade of ultra-low interest rates, we are [...]
