Should You Downsize After Retirement?

You don’t have to be told that Americans today are not saving enough for retirement.  If you haven’t started saving for retirement, here are some quick rules to remember to get you started.

  • Try to save eight times your salary or use the 4% rule.  When you’re preparing for retirement keep in mind that you have to still pay bills and as I’m sure you already know bills can add up quickly.
  • When you are newly retired, it can be very beneficial to reduce your monthly bills.  One of the first places to look to save is your home.  Homes are typically the most valuable assets that people have so it can definitely serve as some sort of income for you.  Sometimes downsizing can be the answer. However, sometimes downsizing is not the right move for everyone.  There are some typical costs that you have to think about when you’re downsizing.  Realtor fees and costs for closing are very typical if you sell your house.  Also, you may have to do some minor changes to your home before you’re able to put it on the market to sell.  Yes, you can definitely save some money when you move to a smaller place when it’s all said and done.  But there are some other things that you have to consider when you’re moving.  Florida currently has no income tax but New York has really high income taxes.  So you might not be able to actually save money if that is the case. These are just some things to consider if you’re considering downsizing.

Of course it’s not easy to have a worry-free retirement when your retirement nest-egg is still invested on the risky stock market.  On-going fees and commissions along with the risk and corruption that exist within the financial industry could cost you a great deal of your retirement savings, and that’s money you cannot make up if you’re already in retirement and not working.  Get educated on the exclusive Crash Proof Retirement System which is guaranteed to protect your principle so when the market crashes, your accounts stay even, but can also be designed to generate income and take advantage of market increases.  Start your education today by calling 1-800-722-9728 or go to Crashproofretirement.com and register to attend a no-cost/no-obligation educational event with the creator of the proprietary Crash Proof Retirement System: Phil Cannella.

Who is Phil Cannella?  Watch below.

How Crash Proof Retirement can help Prevent you from Outliving your Retirement Nest-Egg.

More and more Americans these days are approaching retirement faster and faster. Americans are not only retiring, but they’re also living a lot longer past retirement. While decades ago it wasn’t common for individuals to live to 80-85 years old, it’s definitely commonplace now. As a result, employees will now have to share more of their income to support retirees. With these facts, there are three big life-improving steps that can really help boomers these days.

One way to lighten the weight of finances is to work longer. If you’re going to live longer, perhaps you should work a little longer to supplement the income you will need in your later years. If you decide working longer is for you, you’re not the only one. The amount of males ages 62 to 64 have increased from 45 to 56%. As for women ages 65 to 69, the percentage has increased from 27 to 36%. If you take care of your health throughout your life, you can decrease medical costs in your later, retired years. The prevalence of diabetes in older adults is causing an overall decrease in health in Americans today. To be able to combat the decrease in health in Americans, it is important to continue to exercise, reduce sugar intake, and eat healthy.

Of course it’s not easy to have a worry-free retirement when you’re retirement nest-egg is still invested on the risky stock market.  On-going fees and commissions along with the risk and corruption that exists within the financial industry could cost you a great deal of your retirement savings…money you can not make up if you’re already in retirement and not working.  Get educated on the exclusive Crash Proof Retirement System–  guaranteed to protect your principle so when the market crashes, your accounts stay even, but can also be designed to generate income and take advantage of market increases.  Start your education today by calling 1-800-722-9728 or go to Crashproofretirement.com and register to attend a no-cost/no-obligation educational event with the creator of the proprietary Crash Proof Retirement System: Phil Cannella.

Phil Cannella uses Crash Proof System to prevent catastrophic losses

Phil Cannella educates investors on the exclusive Crash Proof Retirement System and how to avoid losses in or near retirement. At Crash Proof Retirement educational events, Phil Cannella addresses standing-room only crowds with this surprising question:

“Who would have loved to earn 0% in 2008? The Crash Proof Retirement System is designed so that when the market goes up, you go up, but when the market goes down, you stay even.”

Sounds crazy, right? Why would anybody be happy with making 0%? But when the subprime mortgage industry started to struggle in 2007, the memory of the stock market crash earlier that decade was still fresh in Phil Cannella’s mind. It had led him to create the Crash Proof Retirement System, a proven means of preserving—and growing—your investment principle without market risk or fees.

After the market crashed in 2001-2002, Phil Cannella created the proprietary Crash Proof Retirement System to protect the interests of Americans in or near retirement who still wanted to experience market gains—but didn’t have time to make up their losses should another market crisis strike. Phil Cannella knew these investors could benefit from a carefully-crafted selection of fixed-class financial instruments. Phil Cannella’s brainchild paid off almost immediately for his clients in 2007-2008, when the markets sank for the second time in a decade. But this was more than a correction or even a crash. This was a full-blown collapse of the country’s economy—the worst since the Great Depression. Just look at these statistics:

• The S&P 500 dropped an astonishing 57% over the 18-month duration of the financial crisis. The Dow dropped 54%.
• In 2008 alone, the average American with a 401(k) account lost almost 25% of the balance in that account.

It wasn’t until the middle of 2009 that the markets began to cover. By that time, many Americans lost 30%, 40% or even 50% of their retirement savings. So it’s easy to see why Phil Cannella considers the 0% return of that era to be a significant achievement for Crash Proof Retirement consumers, who watched the stock market lose more than half its value in 2008.

After the last six years of market highs, it’s time to protect what you have by getting educated on Phil Cannella’s Crash Proof Retirement System. Will the next market turn be a correction? A crash? Or something worse, like the 2008 crisis? No one knows. But when it happens, you’ll want to be safeguarded by the Crash Proof Retirement System—so you too can see the truth in one of Phil Cannella’s favorite motto is: “Zero can be your hero.”

See how Crash Proof consumers Joe and Eileen Mangeney feel about their exclusive Crash Proof Retirement System that allows them to feel safe and secure in retirement.  Watch below.

Phil Cannella Protects Retirees Through The Insurance Industry

Phil Cannella has spent his career teaching everyday Americans that in retirement, you don’t want to take chances. You don’t want volatility, you want stability. You want guarantees and peace of mind. That’s why Phil Cannella, the creator of the exclusive Crash Proof Retirement System, and Joann Small, the CEO of First Senior Financial Group-(home of the proprietary Crash Proof Retirement System) like to point out that the choice is simple—avoid risk investments, and the industry that houses them, like the plague in your retirement years.

“The Crash Proof Retirement System does not utilize securities.” – Phil Cannella.

The economic turbulence has gotten worse since the deregulation of the Glass-Steagall Act in 1998. A 43% market drop in 2002 was followed by a drop of 57% in 2008-2009. So when stocks begin to retreat from their current record highs, how bad will the next downturn be? When that happens, people in retirement will be longing for stability and safety that only the Crash Proof Retirement System can offer.

“You can make your retirement future out of straw, sticks or bricks,” Cannella explains. “When you see the way the insurance industry operates, as compared to the everyday corporation on Wall Street—there is a drastic difference.”

And that’s why it’s known as the brick-house industry, because insurance companies are not going to be washed away like a sandcastle built along the beach. For almost 300 years, insurance companies have withstood financial calamities from the American Revolution to the Great Depression and most recently, the Great Recession caused by the housing bubble. The difference lies in a concept known as ‘receivership.’ Receivership is the alternative to bankruptcy, a condition in which life insurance institutions enter into an agreement where if one institution were unable to continue its business, the remaining organizations work together to assume the liabilities and responsibilities of the affected company.

Phil Cannella Ends Competitor’s Civil Conspiracy

When it comes to standing up for the American retiree, Phil Cannella is in the trenches helping seniors and retirees as they face the daunting task of navigating their retirement during tough and tumultuous financial times. For almost forty years now Phil Cannella has been a senior advocate working with seniors and those in and approaching retirement to shield them from unexpected life tragedies that can have an ill effect on their retirement. Phil first did this with long term care whereby he aided seniors and protected families from the devastating effects that the process of aging can bring upon a person or family. After decades in that industry he broadened the scope of services and for over a decade now has been helping his clients protect their financial futures. Phil Cannella has done this in many ways but most pertinent here is the Crash Proof Retirement System that he created in order to place his clients assets in financial vehicles that are risk free and where their principal is protected. Such was his success over the years that he built a vast juggernaut that was catapulting him into the position of a true industry leader when it came to protecting the retirement plans of generations of Americans.

Over the years he had moved hundreds of millions of dollars of his client’s assets out of risk and into safety. Yet this success also bred something else, the animosity of those who peddled in securities and were making a quick buck off of the ignorance of their clients. A few of these competitors banded together to seek a way to put Phil Cannella out of business so that they could continue their illicit activities unhindered. They created a website that served as an Internet defamation center designed to destroy Phil Cannella’s hard-earned reputation. It was all done anonymously, using fictitious screen names in order to hide behind the apparent veil of the protection of the First Amendment. This was tantamount to was a civil conspiracy. What exactly is a civil conspiracy?

“A civil conspiracy or collusion is an agreement between two or more parties to deprive a third party of legal rights or deceive a third party to obtain an illegal objective.”

In order to protect his rights, Phil Cannella filed a lawsuit in federal court to put an end to the civil conspiracy and while the defendants on the case attempted to get the motion thrown out on the basis that the charges were groundless, the judge presiding over the case, the honorable J. Curtis Joyner, saw it differently and let the civil conspiracy charge remain on the case to be tried and that is a matter of public record.

“Plaintiffs assert that the purpose of the website was to get Plaintiff Cannella off the air and out of business. Plaintiffs allege that the Moving Defendants… utilized the website to execute personal vendettas against Plaintiffs and discourage Plaintiffs’ potential and existing customers from engaging in business with Plaintiffs. The Court finds this allegation to raise a reasonable inference that Defendants acted
out of malice.”

Once again, and as has happened many times in the past, Phil Cannella has used his sword of truth to pierce the veil of lies in order to seek out the truth and the justice system is helping discover that truth and put an end to the unlawful actions of his opponents. With all this talk of justice and conspiracies, what really matters most is what is being done for the consumer. Are consumers being helped or are they being harmed? Are consumers being protected or are they being put at risk? If you listen to the hundreds of clients who have given testimonials about Phil Cannella, you’ll see that they genuinely voice their appreciation for what the exclusive Crash Proof Retirement System has done for them: provided genuine peace of mind.