Americans are worried about the long-term viability of the safety net programs like Social Security and Medicare as they contend with rising costs, according to a new survey from the CFP Board. Half of advisors surveyed said they have seen clients take actions to try to manage their costs that could put their retirement plans at risk, according to the survey of 440 CFP professionals who work with clients to create financial plans. The CFP Board, which provides the certified financial planner designation for financial advisors, fielded the responses between July 9 and 27. The margin of error was plus or minus 4.7%. Most CFP professionals, 68%, say their clients' overall financial outlook is positive.
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