The CPA Financial Planner | August 2025

This month’s insights highlight concerns about the future of Social Security, with projections showing only partial benefits may be payable after 2033 without intervention. Encouragingly, most Americans support increasing program revenue over reducing benefits, signaling a strong desire to preserve the system. These findings reinforce the importance of long-term financial planning and staying informed about potential policy changes.

Other key topics center on family finances and estate planning. There’s guidance on navigating sensitive financial conversations with aging parents, including organizing their financial and legal documents, addressing debt, and setting up tools like joint accounts or powers of attorney. The issue also explores how to avoid probate using transfer-on-death deeds and accounts, offering a simpler and cost-effective alternative to trusts. Lastly, readers are advised on repair vs. replacement decisions for home appliances, with tips on evaluating warranties, DIY fixes, and understanding today's appliance costs.

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