CPAs Look Beyond Wall Street Carnage

Rule 1: Don’t rely on Social Security.

What’s your best financial planning advice?
Sound off here.

by Rick Telberg
At Large

Lehman. Merrill. AIG. Bear. Legendary names all.

And the story of each adds to the uncertainties that CPAs are facing with clients every day.

Looking to help clients financially prepare for the future, CPAs are counseling restraint. But, first of all: don’t count on Social Security.

“Due to the lack of certainty, Social Security benefits should not be assumed in the financial plan,” said Gary Manion of Olney, Md.

Posted on September 22, 2008

Rick Telberg

About the Author

Rick Telberg is a veteran analyst, advisor, commentator, editor, and publisher. He brings a unique background and perspective to research and advisory services for the professional services community.

Mr. Telberg may well be the accounting profession's most widely-known commentator through his long associations with the American Institute of Certified Public Accountants, Accounting Today magazine, and today, CPA Trendlines.

As an expert in management, marketing, media, and e-commerce, Mr. Telberg has served as Senior Editorial Director of Pro2Net Corp., now www.smartpros.com, and as Director of Online Content at CPA2Biz, www.cpa.com.

Previously, Mr. Telberg served as the early Editor-in-Chief of Accounting Today, and as Vice President/Group Publisher at Thomson Financial (now SourceMedia), overseeing Practical Accountant, Accounting Technology, and what is now AccountingToday.com.

Mr. Telberg was presented with a special citation by the National Society of Accountants for service to the profession and has served on a variety of boards and steering committees, including BKR International and the IBM Small Business Advisory Council. He is a graduate of New York University.

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