Retirement is the No. 1 personal financial planning concern, regardless of age, according to an informal survey taken by the American Institute of CPAs at its Personal Financial Planning Conference.The AICPA said that it was a surprised to see that retirement planning is a major concern for career builders - classified as those between the ages of 25 and 34 - who also have the more immediate pressures of education, home buying and debt management following close behind.
More than 10 percent of the approximately 500 CPAs attending the conference answered open-ended questions regarding what they believed to be their clients' top three personal financial planning concerns for 2007. The responses covered a wide range, including outliving investments, the effects of the global economy, elder care and long-term care insurance.
