The CPA Financial Planner Newsletter | May 2025

As we move into summer, staying informed about financial planning is more important than ever. The cost of living varies widely across the U.S., with Manhattan among the most expensive and Decatur, IL, among the most affordable. 529 plans have expanded in use, now allowing funds for student loan repayment and Roth IRA rollovers—offering added tax and estate planning benefits.

It’s also important to know how debt is handled after a loved one’s passing—most is resolved through the estate, though joint accounts and community property laws may apply. Meanwhile, the housing market remains tight as many homeowners stay put due to higher mortgage rates, a trend known as the “lock-in effect.”

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