Taxation & Estate Planning

9 Out of 10 CPAs Say Their Clients Are Concerned About…

By Michael D. Bonasera, Esq.

1. Retirement

2. Health Care Costs

3. Education Costs

In responding to an open-ended question, nine out of 10 CPAs surveyed said their individual clients were concerned about retirement. Costs associated with health care and education were ranked by respondents as the second (59 percent) and third (47 percent) financial concerns of clients.

“Many Baby Boomers are discovering their retirement kitty is not as big as it needs to be to fund a comfortable retirement and that they are going to have to work longer than they had intended,” said James Metzler, AICPA vice president.

The results of the poll were released today at the AICPA’s 2008 Advanced Personal Financial Planning Technical Conference in Las Vegas.

According to this story about AICPA’s most recent Survey of CPA Financial Planners.

The American Institute of Certified Public Accountants is the national, professional association of CPAs, with more than 350,000 members, including CPAs in business and industry, public practice, government, and education; student affiliates; and international associates. It sets ethical standards for the profession and U.S. auditing standards for audits of private companies; federal, state and local governments; and non-profit organizations. It develops and grades the Uniform CPA Examination.

Full post as published by The Ohio Trust & Estate Blog on January 25, 2008 (boomark / email).