The CPA Financial Planner | July 2025

This month’s insights highlight the importance of setting realistic retirement savings goals. It’s estimated that retirees may need 70–80% of their pre-retirement income to maintain their lifestyle, though individual needs can vary. With healthcare costs potentially ranging from $191,000 to $366,000, planning ahead is essential.

Other key topics include what to consider before buying a condo, such as understanding monthly fees, resale value, and maintenance responsibilities. There’s also guidance on preserving an inheritance, with suggestions like avoiding impulsive spending, reviewing tax implications, and consulting with a financial advisor to make the most of any windfall.

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