According to a recent survey [conducted by the CFP Board], of those who say they have a [financial] plan in place, 46% say it hasn't moved beyond the idea stage, 42% have a written document and 11% just have notes or ideas, such as thoughts scribbled on the back of a cocktail napkin.
About 86% of those polled, meanwhile, agreed that everyone should have a financial plan.
"It's good to see the awareness that planning is the way to go," said Eleanor Blayney, [CFP®] the [CFP] Board's Consumer Advocate. "People know it's worth doing, but they haven't really done it, so now it's a matter of transforming attitudes into getting-it-done behavior." Read more >
June 16, 2011