Americans fear running out of money in retirement
Fifty-seven percent of CPA financial planners say running out of money is their clients’ top retirement-planning concern, a new AICPA survey found.
According to the Q1 2015 AICPA CPA Personal Financial Planning Trend Survey, 76% of financial planners, many of whom serve high-net-worth individuals, named health care costs as one of the chief factors causing their clients stress about outliving their money. The survey, which polled 548 members of the AICPA Personal Financial Planning Section in February 2015, found that 42% of clients had experienced unexpected health care concerns that affected their retirement planning. Fifty-nine percent of respondents have seen an increase in the number of health care problems affecting their clients compared to five years ago. Read more on the Journal of Accountancy.