Cadent Capital, LLC Blog

The new year brings a refreshing sense of endless possibilities as we dream about what 2023 will bring, what we will accomplish, and the people who will be by our side. Reflecting on where we’ve been is an important part of navigating where we’re headed, so we are looking back on an impactful year as we look ahead to ways we can grow and improve in 2023.

When choosing to build out an estate plan, your focus is redirected to the people and charities you care about most. While enjoying your wealth right now is rewarding, there can be a lasting impact on those you hold close by ensuring your remaining assets are distributed accordingly. However, if it has been a while since you last reviewed your estate plan, it may be time to update it. Here are five indicators that should have you revising your assets so you can better share them with others when the time comes.

Inflation has bombarded headlines and our pocketbooks for nearly a year. On November 10^th, October Consumer Price Index data will be released and we think that this will be a “Groundhog Day” for inflation. October 2021 is when we began to see material jumps in year-over-year inflation. Thus, it is expected that inflation will begin decreasing simply based on last October as a reference point dropping out. We anticipate that this decrease will continue over the next 6 to 8 months as other high monthly figures fall out of the calculation.

Similar to our nation’s groundhog determining whether or not more cold, winter days lie ahead, we argue that we’ll find out whether or not the magnitude of inflation we’ve experienced this past year will persist.

As the end of Summer draws near, and school is starting, here in Dallas we are thankful the heat has pulled back from record levels. While still hot, we are at least heading in the right direction. Similarly, inflation is at multi-decade highs, clearly running too hot to be healthy, but like with local temperatures has very recently starting heading in the right direction.

When it comes time for tax season, many clients are unprepared for the bill when it arrives. Learning that more must be paid can leave many individuals scared, uncertain, and desperate for help. Fortunately, there are ways to minimize the shock that can come when filing, and a wealth advisor is here to better explain what you can do when it comes to tax planning in Dallas.

Raising children is a joy, and as a parent, you’re likely to find yourself being more mindful of your actions as they grow older. Wanting to instill good habits early on, you may be thinking about what you can do to not only teach them the value of a dollar but also how to be smart with their money. To help you on this pathway, here are a few ways to raise a financially responsible child.

One of the most pivotal aspects of a romantic relationship may also be the least romantic in nature – money. However, having a clear understanding of your and your spouse’s financial situation is core to building a strong and trustworthy relationship. Maybe you’re contemplating a special anniversary gift for your spouse but its steep price tag will put you in a financial bind. Maybe you want to use income from your side business to pay down debt but your spouse wants to save it toward other goals. All of us, if we’re honest, know there should be some balance in the way we approach these and the many other decisions we make every single day with another person in the picture, but how do we work together with a spouse who may see things differently than we do? Here are three financial conversations you should have to ensure honesty and openness around the subject of money in your relationship.

If you enjoy giving to others and watching them prosper through generosity, it may be time to consider meeting with a financial planner to discuss your long-term goals. Looking ahead to the future and the lasting impact you can make through your charitable giving should be part of your wealth management plan. So, what kind of strategy can you develop to benefit you now and in the years ahead? Here are four ways you can responsibly increase your giving impact while shaping your legacy.