Accounting and Financial News Stories
Going Broke is Clients’ Biggest Retirement Fear, CPAs Say
Those carpe diem baby boomers who’ve been spending a lot of money on fun stuff through many of their adult years now say running out of money in retirement is their biggest concern, according to a recent survey of CPA financial planners by the American Institute of CPAs (AICPA). We’re not entirely jesting about boomers’ seize-the-day purchasing habits. They generally are widely considered to be big shoppers, as Business Insider reported in 2015. And the oldest boomers, born between 1946 and 1955, spend the most, according to a 2015 Gallup article.