McNeal Wealth Management

05/04/2025

https://nypost.com/2025/05/03/business/buffet-trump-shouldnt-use-trade-as-a-weapon/

I have a lot of admiration for this man. I’m sure Berkshire is in good hands. Buffet is the gold standard in how capitalism can be a force for good in the world. Unlike so many of his peers.

Legendary billionaire investor Warren Buffett announced plans to step down from Berkshire Hathaway by the end of the year, prompting lengthy applause from the crowd at the company’s annual sh…

12/23/2024

As the year winds down, we want to take a moment to thank our network for your continued support and trust. We're looking forward to what the new year has in store.

We hope this holiday season brings you joy, warmth, and time with loved ones. Please note that while our office will be closed for a few days, we’re excited to connect with you when we return.

From all of us, Happy Holidays and New Year! ✨

12/19/2024

As we approach the end of 2024, it's the perfect time to reassess your financial plans, investment strategies, and retirement goals. To help you finish the year strong, we've compiled a quick checklist focused on these key areas.

Need guidance? Our team is here to help you navigate these year-end tasks. Reach out anytime.

12/11/2024

Now is the time to prepare for the most amazing season of all … tax season! Okay, so maybe Tax Day doesn’t quite beat the holiday season, but it’s still important to begin compiling key documents.

Doing so now can prevent a lot of headaches down the road. And to help you get started, we have put together a quick checklist.

Have questions about the upcoming tax season? Reach out to our team! We’re here to help.

11/28/2024

From our families to yours, we extend our warmest wishes for a wonderful Thanksgiving filled with great food, good company, and plenty of joy.

Our office will be closed on Thursday, November 28, and Friday, November 29, but we'll be back and ready to serve you on Monday, December 2.

Enjoy the holiday!

11/11/2024

This Veterans Day, we invite you to join us in honoring the brave men and women who have served our nation.

Our veterans have shown incredible bravery, dedication, and resilience, ensuring our freedoms and security. Whether serving at home or abroad, in times of peace or conflict, their contributions are invaluable.

To all the veterans in our network, thank you for your service.

11/05/2024

With the end of the year approaching, it’s time to think about your taxes. If you're concerned about your tax bill next year, there's still time to plan and potentially save money. Swipe for some year-end tax prep strategies to consider ↩️

Want to explore these strategies further or have questions? Our team is here to help — reach out today!

11/01/2024

Daylight Saving Time ends on Sunday, November 3, 2024, at 2:00 a.m.! Don't forget to set your clocks back and enjoy that extra hour of sleep! 💤

Most devices will adjust automatically, but remember to manually update your vehicle's clock, wall clocks, and certain household appliances.

Enjoy the brighter mornings, and let me know if you need any assistance.

10/22/2024

Planning for retirement is often accompanied by myths that can obscure judgment and decision-making. Today, we’re dispelling four such myths. Swipe to learn more ➡️

One fact remains clear: Our team is here to help our network effectively plan for retirement. Should you have any questions about your retirement strategies, please do not hesitate to reach out.

10/15/2024

Stock market indexes are essential indicators of the stock market’s current status. The major indexes, such as the Dow Jones, S&P 500, and Nasdaq 100, each track different segments of the market.

Swipe through to learn more about these major indexes and what they represent.

As always, if you have any questions about these indexes or your investment portfolio, reach out to our team. We are here to help!

10/09/2024

Happy National Financial Planning Month!

We want to take this opportunity to thank our amazing client family for trusting us with your financial planning needs. Your confidence in us means the world, and we’re honored to help you achieve your financial goals.

As always, we're here for you. Whether you have questions, need advice, or just want to chat about your financial future, don’t hesitate to reach out.

Here's to a month of thoughtful planning and continued success!

10/08/2024

The FAFSA application is undergoing significant changes that could impact financial planning for college-bound students, including:

🗓️ Delayed Release - The 2025-2026 FAFSA release is postponed from October 1 to December 1 due to software issues. Limited testing with select students starts on October 1.

🚫 Elimination of Multi-Child Discount - The revised FAFSA formula removes the discount for families with multiple children in college. Each child's Student Aid Index (SAI) is now calculated separately, without any discount.

💸 Changes in Financial Reporting - Contributions to workplace retirement plans like 401(k) or 403(b) are no longer counted in SAI calculations, potentially lowering reported income and improving aid eligibility. However, tax-deferred IRA contributions are still taxable.

🏦 Treatment of Sibling 529 Assets - The new FAFSA guidelines exclude sibling 529 and Coverdell accounts from being reported as the student's assets, though they remain parental assets if owned by the parent. Accounts owned by others, like grandparents, don't need to be reported, which could increase aid eligibility.

📚 CSS Profile Considerations - These FAFSA changes do not apply to other financial aid applications, like the CSS Profile, which may still consider factors like the multi-child discount and sibling 529 assets in determining aid packages.

Given these updates, it’s crucial to revisit your financial strategies. If you have any questions or need assistance navigating these changes, we’re here to help! 📞 Drop us a message or give us a call anytime.