Are You Helping Your Baby Boomer Clients with Retirement Issues?

Source: CPA Trendlines

In its recent survey, Trendlines found that 81 percent of CPAs believe their clients are financially unprepared to retire. One-third of CPAs say their clients don’t listen to their advice on these matters. Fifty-six percent say their clients are too optimistic about the future returns on their investments. Forty-seven percent say their baby boomer clients will work beyond retirement age.

Only 37 percent of CPAs are advising their clients on how to save and how to invest.

CPAs aren’t very interested in collaborating with financial services firms. CPAs don’t believe these firms are sincerely interested in the best interests of the clients.

Eighty-six percent of the CPAs responding believe that CPAs will increase their financial planning services in the next three to five years.

For the complete article, click here and read Boomers Face Bleak Retirement in the January 14, 2008, posting.

From CPA Trendlines, posted January 14, 2008, http://www.cpatrendlines.com.

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