Americans: We're Responsible for Our Financial Well-being — Just Don't Ditch Social Security

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Americans: We're Responsible for Our Financial Well-being — Just Don't Ditch Social Security

Mar 14, 2012

Also believe it's Uncle Sam's job to protect investors from fraud

The [Shifting Economy Survey], conducted by KRC Research on behalf of the Certified Financial Planner Board of Standards Inc., consisted of a telephone survey of 1,015 age 18 and older March 1 to 4.

"What we found encouraging in the results of the survey is the fact that [67%] of respondents said they felt it was their sole responsibility to plan and prepare for their financial security," said Kevin Keller, the CFP Board's [CEO]. "At the same time, they felt the government has a role in providing basic safety net services like Social Security, Medicare and investor protection from fraud. We don't think there's necessarily any conflict in that."

In fact, Mr. Keller said that most CFP[® professionals] have Social Security and Medicare baked into their clients' portfolios.

"I think a lot of financial plans in the country would be in real trouble if [Social Security and Medicare] were not there for clients of financial planners," Mr. Keller said. Read more >

Investment News
Mark Schoeff Jr.
March 14, 2012

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