Having enough money to retire is the most vital financial goal for most people. That’s what CPAs who are also financial planners said in a recent poll.
In the poll, 91 percent of respondents mentioned retirement as a top-three issue for clients. A distant second was healthcare, at 59 percent.
Only 61 percent of the CPA-planners said their average client nearing retirement is on track to stop working when they want. And 32 percent said clients typically are postponing retirement for financial reasons.
That poll was taken in December, and the stock market is down sharply since then. Therefore, many pre-retirees probably have smaller portfolios now than in December. With a smaller portfolio, worries about retirement funds might be even more pressing.
However, building up a large retirement fund is only one financial issue mentioned in the poll. After health care, paying for higher education was mentioned by 47 percent of the CPAs, and caring for aging parents was cited by 30 percent.
Therefore, people have a broad range of money matters causing them to fret. One solution is to work with a financial advisor, if you find one who is knowledgeable in the areas that interest you the most.
