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 Read More +

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 Read More +

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 Read More +

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 Read More +

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 Read More +

Phil Cannella: IRA Expert and Endorsed by Ed Slott

Phil Cannella is known the world over as a true IRA expert. As a Master IRA Advisor Phil Cannella has studied exhaustively to understand the nuances of the financial world when it comes to people’s IRA accounts, IRA regulations and how to help people with their retirement planning. Ed Slott is one of the nation’s most acclaimed leaders in the field of IRAs. Ed Slott was named “The Best Source for IRA Advice” by the Wall Street Journal and called “America’s IRA Expert” by Mutual Read More +

Phil Cannella Makes Retirement Goals Come True

Phil Cannella -Creator of the exclusive & proprietary Crash Proof Retirement System gives prudent advice regarding retirement in this way: “Retirement is a new cycle of your life, so doesn’t it make sense that your nest egg would enter a new cycle as well?” He further explains that as you enter retirement you are entering a new part of the cycle of life. This is perhaps the final cycle of your life, the one you dreamed you would be able to do all those things Read More +

Phil Cannella Warns about Risks of Mutual Funds

Phil Cannella has made it part of his mission to expose the truth about Mutual Funds and the hidden fees and risks inherent in these types of investment vehicles. He makes the point that there are so many fees over and above the ones that are made obvious to the general public. When you go on Morningstar and you type in the ticker symbol for most mutual funds you will probably see that the fees range from 0.7% to 1.5%. Believing that that is the Read More +

Phil Cannella: Advocate for People In or Near Retirement

Phil Cannella works day in and day out to provide people in or near retired years with a safer and more secure retirement. This occurs in a multitude of different ways. For many years now Phil Cannella has been hosting the Crash Proof Retirement Show on Talk radio 1210-WPHT of CBS Philadelphia. Unlike many presenters who are paid to speak, Phil Cannella is paid programming, I order to impart truth and wisdom to his listeners every week. The information delivered on the radio show consists Read More +

Phil Cannella Examines Liabilities in U.S. Economy

Phil Cannella is consistently examining the underlying performance mechanisms of the American economy so that he can provide the best and most sound financial and retirement advice to the millions of people who attend Crash Proof Retirement Educational Events every year, and listen to the Crash Proof Retirement Show on radio each week. Phil sheds light on weaknesses in the economy that are deeply troubling and should be a concern for all Americans, and most especially retirees. If we take a look at a key Read More +

Consumers Praise Phil Cannella & Crash Proof Retirement System

Phil Cannella is one of the leading lights in the retirement services industry. While many financial advisors come and go, Phil Cannella has remained at the top of his game because he is a true consumer advocate and always strives to do the best for his clients and to protect them and their assets. Phil Cannella is looking out selflessly for the best interests of the individuals or couples who come through his doors. It’s called having a fiduciary responsibility to put his client’s interests Read More +

Phil Cannella Changes Retirement for the Better

In the 1970s, Phil Cannella was a pioneer in developing “long-term care insurance” which many years ago was referred to as “Nursing Home Insurance.” Phil Cannella made his career choice as a result of seeing first-hand what could happen to a family if someone needed nursing home care but couldn’t afford it. This is precisely what happened to Phil’s grandfather when Phil was a young man, and that experience had a lasting effect on a young Phil Cannella who recognized that he could offer real Read More +

Phil Cannella Discusses the Turbulent Stock Market

Just as Phil Cannella has been warning us for a little while now, the stock market has been increasingly turbulent over the last year. Following the 2008/2009 market crash, the Fed exercised a monetary policy known as quantitative easing. Through the numerous QE programs, the Fed engaged in the buying of trillions of dollars of faulty mortgage backed securities. That, coupled with interest rates at near zero level for such a long time, resulted in most investors flocking to the stock market as the only Read More +

Phil Cannella Warns of Impending Market Risk

For a couple of years now, Phil Cannella has urged American retirees to wake up to the fact that the American economy has been artificially inflated through a multi-trillion dollar Quantitative Easing program the likes of which this country has never seen in its entire history. Quantitative Easing injected trillions of dollars into the economy leading the stock market to new highs month after month for the last couple of years, yet the underlying economy lacked the real growth that would and should accompany such Read More +

Phil Cannella on Annuities

Insurance-based investments are those in which are issued or underwritten by an insurance company. Mainly annuities or life insurance products. Like any other investment vehicle you should always consider a couple of factors before readily allocating funds. Some important factors include the types of products, the pros and cons of each, and your personal goals for retirement. How well do these vehicles match your goals? Along with these factors you should also consider the strength and quality of the issuing insurance company. That’s why it’s Read More +

Phil Cannella Advises Retirees To Avoid Risk In Retired Years

Phil Cannella and Joann Small used this week’s episode of the Crash Proof Retirement Show to break down the many faces of risk, and how the life insurance industry is designed to help the everyday investor. Phil Cannella likes to refer to the insurance industry as ‘the brickhouse industry’ due to its safety in any type of economic storm. Cannella discussed the 4,000 Crash Proof consumers who successfully protected their nest egg with the exclusive Crash Proof Retirement System. “I am here to tell you Read More +

Phil Cannella Explains The Brickhouse Industry

Phil Cannella Educates Investors On Safe Alternatives For almost 40 years, Phil Cannella has been teaching everyday Americans that when it comes to your 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, as Phil Cannella and his co-host Joann Small pointed out on a recent edition of The Crash Proof Retirement Show, the choice is simple—avoid risk investments, and the industry that houses them, like the plague in your retirement years. Read More +

Phil Cannella Testimonial: Catherine Hayes

Phil Cannella Provides A Crash Proof Education The Crash Proof Retirement System, created by Phil Cannella, has helped thousands of people to secure their retirement futures. The most recent example is Catherine Hayes of Williamstown, N.J. When Catherine’s husband passed away several years ago, she faced the worst nightmare of most widows—she was all alone with the family finances and had no experience in handling such matters. Catherine’s husband had handled all the financial matters—as is the case with so many married couples of Catherine’s Read More +

Phil Cannella’s Crash Proof Retirement System: Dom and Linda Magazu

One of the most recent success stories belonging to Phil Cannella’s Crash Proof Retirement System is that of Dom and Linda Magazu of Gibbstown, N.J., who are the subjects of this week’s Crash Proof Retirement Spotlight. Years before coming to Crash Proof Retirement, the Magazus were courted by a securities advisor—with disastrous results. “We went with a firm that turned out to be a complete fraud,” lamented Dom Magazu. “They got us to turn over all of our funds to them… and then we never Read More +

Phil Cannella Finds His Calling In Crash Proof Retirement System

Phil Cannella Builds From A Lifetime of Experience As early as age 21, Phil Cannella devoted himself to improving the retirement culture of our great country. He spent his entire career working to protect and defend this country’s senior citizens from the unforeseen obstacles that await them in retirement. In fact, 2015 marks Phil Cannella’s 40th year as a senior advocate and Retirement Phase Expert. But it wasn’t until the early 2000s that Phil Cannella found his true mission and calling in the form of Read More +

Phil Cannella Cautions Consumers On Growing Debt Crisis

On the most recent edition of The Crash Proof Retirement Show, Phil Cannella discussed the growing problem of margin debt in our country—and what makes this increase so dangerous to investors. Cannella explained the debt cycle and how it tends to predict impending market corrections or crashes. Last week, Business Insider reported the final numbers from April—when margin debt reached $500 billion for the first time in history. Aside from being an all-time record, that figure also means that margin debt has now reached a Read More +

Phil Cannella Provides A Crash Proof Retirement For Dr. Ken Smith

When Phil Cannella created the Crash Proof Retirement System, he did so to protect the nest eggs of hard-working, decent people who, through no fault of their own, were taken in by a sneaky Wall Street-style sales pitch. In other words, someone like Dr. Ken Smith. Dr. Smith works as a dentist and has had a Crash Proof Retirement for the past five years. As you can imagine, working as a dentist requires a fiduciary responsibility, meaning that Dr. Smith puts his patients’ needs before Read More +

Phil Cannella Gets His Start As A Consumer Advocate

Phil Cannella’s Journey To Starting Crash Proof Retirement Phil Cannella started Crash Proof Retirement on a platform of truth, logic and consumer advocacy. Along the way, he’s protected the nest eggs of more than 4,000 American retirees. But the journey began as a way to remember his grandfather, whose own retirement was taken away by a sudden illness. Phil Cannella’s career got its start after the untimely passing of his grandfather following a massive stroke. Phil’s grandfather had retired shortly before his stroke, but the Read More +

Phil Cannella and Joann Small Discuss Safe, Insurance-Based Investment Alternatives

Phil Cannella and Joann Small’s Crash Proof Retirement Show Phil Cannella, founder of the Crash Proof Retirement System, likes to view different financial industries as ‘houses’—establishments in which you’ve chosen for your nest egg to ‘live,’ so to speak, until you enter the retirement phase of life. There’s the ‘stickhouse industry’—otherwise known as Wall Street. Corruption, risk and conflicts of interest could cause your house to fall apart and collapse at any moment and leave you ‘homeless’, financially speaking. Next is the banking profession, or Read More +

Phil Cannella Provides A Crash Proof Retirement For Stephen and Sandy Desirey

Phil Cannella has offered thousands of consumers in the Philadelphia area security and peace of mind in retirement. Today, we take a closer look at Stephen and Sandy Desirey of Skippack, Pa. Stephen Desirey, a retired chemical engineer, and his wife Sandy heard about the Crash Proof Retirement System back in 2010. Unhappy with the advisor they had at the time, the Desireys decided it was time for a change. Stephen and Sandy knew they wanted to find a way to invest their money without Read More +

Phil Cannella Demands The Truth From Colleagues and Competitors

Phil Cannella has developed a well-earned reputation for his commitment to the truth—and he demands the same from those he deals with in business. In the wake of the Great Recession of 2008, Phil Cannella founded The Crash Proof Retirement Show, heard on Talk Radio 1210 WPHT each weekend. The show started to further Phil’s mission of bringing Truth to the American Retiree. This was accomplished through news, research and honest analysis from Phil Cannella himself. But in July 2011, the mission reached a new Read More +

Phil Cannella Conducts Crash Proof Retirement Symphony

What makes Phil Cannella’s Crash Proof Retirement System special? Phil Cannella says the secret lies in the carefully crafted, finely-tuned arrangement of Crash Proof vehicles. Each individual’s specific Crash Proof Retirement plan is comprised of multiple financial vehicles that, when placed together in the Crash Proof Retirement melting pot, yields a well-protected, risk-proof nest egg. “The best way I can explain it is to compare it to a symphony orchestra,” explained Cannella. “Like musical instruments, all financial instruments have principles that they will follow to Read More +

Phil Cannella Lawsuit – Phil Cannella Lawsuit Seals Victory Against Online Defamer – Phil Cannella Lawsuit

Phil Cannella Lawsuit, Phil Cannella Reviews, Phil Cannella Complaints Phil Cannella explains, in a very shrewd manner, that freedom of speech has two faces and in any society, in any country, that is going to survive as a functional unit, there has to be a freedom of expression, but there also have to be boundaries where that freedom ends. The Unites States is very fortunate in that the Bill of Rights permits each and every citizen the right to free speech. Yet there is a Read More +

Phil Cannella Complaints – Phil Cannella Complaints Warns of Hidden Surrender Charges – Phil Cannella Complaints

Phil Cannella Complaints, Phil Cannella Lawsuit, Phil Cannella Reviews Phil Cannella says that many Advisors selling annuities do not adequately explain the surrender charges and penalties for a consumer cancelling their contract or withdrawing more than a set amount each year. Phil Cannella explains that this is one of those things that gives annuities a bad name because Advisors are not adequately explaining these things to investors who should know and understand the ramifications of going into an annuity contract. One of the reasons insurance Read More +

Phil Cannella Reviews – Phil Cannella Reviews Takes a Look at The Merits of A Joint & Survivor Annuity – Phil Cannella Reviews

Phil Cannella Reviews, Phil Cannella Lawsuit, Phil Cannella Complaints Phil Cannella tells his clients that there are so many different types of annuities out there on the market that it is very important that anyone who chooses one really understand what they are getting into. Phil Cannella explains that annuities are not for everyone and some annuities are plain bad. On the other hand, there are some annuities that do fit specific needs of consumers and knowing which ones these are is important. In Phil Read More +

Phl Cannella Lawsuit – Phil Cannella Lawsuit Decisive in Legal Victory – Phl Cannella Lawsuit

Phil Cannella Lawsuit, Phil Cannella Reviews, Phil Cannella Complaints Phil Cannella is a man who will get out on the battlefield and put his shoulder to the wheel to fight for the freedoms that this country was built on. Phil Cannella is not a man who sits in an ivory tower hoping that the world will someday sort itself out. He has long recognized that there are vested interests who carry out illicit campaigns to take advantage of the everyday American and he will come Read More +

Phil Cannella Complaints – Phil Cannella Complaints Discusses the Life Annuity with Period Certain – Phil Cannella Complaints

Phil Cannella Complaints, Phil Cannella Lawsuit, Phil Cannella Reviews Phil Cannella explains that there are a lot of different types of annuities on the market being offered by many different insurance carriers. Each insurance carrier tries to package their annuity in a different way to make it more attractive to a consumer. One particular type of annuity as Phil Cannella explains is the Life Annuity with Period Certain. Understanding this annuity it is important to understand annuities as a whole says Phil Cannella. When an Read More +

Phil Cannella Reviews – Phil Cannella Reviews Talks About the Risks of a Life Only Annuity – Phil Cannella Reviews

Phil Cannella Reviews, Phil Cannella Lawsuit, Phil Cannella Complaints Phil Cannella warns consumers to understands the risks involved in a life only annuity while at the same time seeing its benefits. A life only annuity is a very specific type of annuity says Phil Cannella and for some it could be a godsend and for others it might be lousy. This is why Phil Cannella insists that any financial professional who really cares for his clients will find out what the goals and needs of Read More +

Phil Cannella Crash Proof Retirement: Phil Cannella Probes Former Inspector General Why Corrupt Businesses Haven’t Been Shut Down – Phil Cannella Crash Proof Retirement

Phil Cannella Crash Proof Retirement Phil Cannella Crash Proof Retirement – Phillip Cannella Crash Proof Retirement: Phil Cannella Crash Proof Retirement, Probes Former Inspector General of the SEC, H. David Kotz, for Answers as to Why Corrupt Businesses Haven’t Been Shut Down. Phil Cannella recently conducted a two-hour interview with the then Inspector General of the Securities and Exchange Commission, H. David Kotz, in which he set out to get answers to so many questions Americans have for our government. In particular, he probed Kotz on the Goldman Sachs case. Read More +

Phil Cannella Reviews: Phil Cannella Engages the Look Back Principle Once Again – Phil Cannella Reviews

Phil Cannella Reviews Phil Cannella Reviews – Phillip Cannella Reviews: Phil Cannella Reviews, engages the Look Back Principle Once Again During His Interview With Former Inspector General of the SEC. Phil Cannella is on a mission to help Americans live the American dream of retiring comfortably and securely. One of the principles he uses in his work is the Look Back Principle, which allows you to take what you have learned from your past, apply it to the present and avoid regret in the future. Phillip Cannella Reviews During his Read More +

Phil Cannella Complaints: Phil Cannella Interviews the Former Inspector General on Why He Decided to Work for an Organization in Shambles – Phil Cannella Complaints

Phil Cannella Complaints Phil Cannella Complaints – Phillip Cannella Complaints: Phil Cannella Complaints, has set out to shed light on the financial industry, one that prefers to operate in the dark, so that Americans can have the information they need to plan for the best possible retirement. He uses investigative reporting to find the truth. Phil Cannella Complaints During a two-hour interview with H. David Kotz, the then Inspector General of the Securities and Exchange Commission, Phil Cannella inquires about why Kotz came to the SEC and what his Read More +

Phil Cannella Lawsuit: Phil Cannella Triumphs in Legal Case – Phil Cannella Lawsuit

Phil Cannella Lawsuit Phil Cannella Lawsuit – Phillip Cannella Lawsuit: Phil Cannella Lawsuit, has once again come out victorious in his legal fight to uphold his rights as he defends his position against those who seek to tear him down. Known throughout the financial services industry as a man who stands up against the status quo, against those seeking to take advantage of the ignorance of others, Phil Cannella has had to fight a battle against vested interests who have attempted to get him out of the way. Phil Read More +

Phil Cannella News: Phil Cannella Shares his Expertise with Other Aspiring Financial Experts – Phil Cannella News

Phil Cannella • Phillip Cannella Phil Cannella – Phillip Cannella News: Phil Cannella often says, “not only should you be true to your clients, but be true to yourself.” Good financial advising is using your expertise and applying it to help those who are not as informed. So don’t tell yourself you are truly ready to manage client’s finances if you really aren’t informed enough to do so. If a client has a question you are not fully prepared to answer, just go the extra mile to learn more Read More +

Phil Cannella asks; Are securities Good or Bad for Seniors – Phil Cannella Blog

Phil Cannella • Phillip Cannella Phil Cannella – Phillip Cannella Blog: A few years back Phil Cannella self-published a book to give it away at educational events. In that book he wrote, quote, “Through history, securities have proven that if you’re on the stock market for 20 or 30 years, you’ll come out ahead. So if you’re in the beginning or middle of the accumulation phase, you have nothing to worry about. Just hunker down and ride it out because history points to a rosy future.” Read More +

Phil Cannella Explains the Roth Conversion – Phil Cannella Blog

Phil Cannella is a big advocate for the Roth conversion, and we’ll sum up why in this article. An IRS law that was established in 1998, the Roth conversion allows you to convert any IRA into a financial instrument that will grow tax-free. This law, which most people don’t even know about, is what will save you from tax-infestation, allowing you to outlive your nest egg. To convert a tax-deferred account into a tax-free account, you will have to pay the taxes that are due Read More +

Phil Cannella on Being a Professional – Phil Cannella Media

Phil Cannella – Phillip Cannella Media: Phil Cannella has always sought in life to be a true professional in anything he does. This is well reflected in his work as a financial professional where he helps those in and approaching retirement crash proof their nest eggs. Phil Cannella’s level of professionalism in his work is evidenced in the care he takes with each consumer he sits with ensuring they get the highest level of service possible. What Phil Cannella has tried to embody are the qualities of Read More +

Phil Cannella’s Role as a Defender Started Early in Life – Phil Cannella Blog

Phil Cannella, a young boy Phil Cannella – Phillip Cannella Blog: Phil Cannella, as a young boy going through school, was not without difficulties. With his mind already racing far ahead of his classmates he didn’t always fit the mold his teachers wanted him to squeeze into. As Phil Cannella puts it: “What do you do with the little ADHD boy that’s disturbing the rest of the class?”  Phil Cannella’s desk in the hallway By second grade, young Phil Cannella’s desk made it to the hallway. Read More +

Phil Cannella, Defender of the Weak – Phil Cannella News

Phil Cannella against a corrupt industry Phil Cannella – Phillip Cannella News: Phil Cannella is among a few in the world willing to go up against a corrupt industry with the view of setting it to rights and getting some reforms in place. Phil Cannella works in the financial services industry working diligently to protect the everyday investor from the grabbing hands of the big banks and other unscrupulous vested interests. Seeing the fleecing go on that governing bodies seem to shut their eyes to, Phil Read More +

Phil Cannella Discusses Traditional Retirement Accounts – Phil Cannella Media

Phil Cannella has lots to say Phil Cannella – Phillip Cannella Media: Phil Cannella has many things to say about traditional retirement accounts, their benefits and their drawbacks. One of the points he makes is about tax-deferred growth that occurs in most accounts versus tax-free growth. Phil Cannella puts it this way, “A tax-deferred retirement account is free from taxation until you want to withdraw from it.  A tax-free retirement account is never subject to taxes once it has been established.” Phil Cannella points out dealing Read More +

Phil Cannella Explains Tax-Deferred vs. Tax-Free – Phil Cannella Blog

Phil Cannella considers the pros and cons Phil Cannella – Phillip Cannella Blog: Phil Cannella urges each of us to consider the pros and cons of tax-deferred growth versus tax-free growth in our retirement accounts. Phil Cannella explains This is how Phil Cannella explains it: “There’s a big difference between tax-deferred and tax-free and it translates to thousands of dollars in your pocket over your retirement. A tax-deferred account is one that you feed with pre-tax dollars and that grows without taxes being paid on the accumulation.  As Read More +

Phil Cannella’s Team of Elite Retirement Specialists – Phil Cannella News

Phil Cannella retirement specialists Phil Cannella – Phillip Cannella News: Phil Cannella has a team of retirement specialists who work with his consumers in order to provide sound planning and advice to all those who come through his doors. Phil Cannella utilizes a team of elite specialists who are specifically trained to work with people in and approaching retirement. Phil Cannella working with seniors The way Phil Cannella very aptly sees it is that the needs of people vary as they age. When one is young Read More +

Phil Cannella Educates Seniors – Phil Cannella Media

Phil Cannella – Phillip Cannella Media: Phil Cannella’s Crash Proof Retirement System™ is designed specifically with the senior citizen in mind. In fact, almost all of Phil Cannella’s life has been dedicated to helping those people in and approaching retirement in one fashion or another. The way he does this education is really two-fold. First of all he educates the consumers who come see him at events he holds throughout the tri-state area. These events held at local venues such as The William Penn Inn and Read More +

Phil Cannella on Risk Exposure – Phil Cannella Blog

Phil Cannella – Phillip Cannella Blog: Phil Cannella has some strong views on the way a retiree should approach this exposure to risk. We hear all too often that even if the market crashes you have to wait it out long enough and the markets will eventually recover. Phil Cannella says that that theory is workable so long as you are young enough to ride it out that long. If you’re in retirement you might not be, you may be depending on those assets to live Read More +

Phil Cannella Explains the Sacrifices He Made – Phil Cannella News

Phil Cannella – Phillip Cannella News: Phil Cannella’s early years as an adult were somewhat testing. When his grandfather suffered a stroke, Phil Cannella was forced to drop out of college and take a job to help pay for medical and nursing home bills.  During this time, he began studying the insurance industry and aspired to get his license to sell insurance.  That’s how he found out about Nursing Home Insurance which is popularly known today as long term care insurance. Had Phil Cannella known about Read More +