Tag Archives: Phillip Cannella
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 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 +
Phil Cannella Believes in Wealth Preservation – Phil Cannella News
Phil Cannella poses interesting questions Phil Cannella – Phillip Cannella News: Phil Cannella poses an interesting question: If you were to venture on a journey through the mountains, over rough terrain, across the dessert, what sort of vehicle would you choose? You might say a Mercedes or a BMW or a Hummer! Really, what you would want is a safe, secure vehicle that can handle the designated journey ahead. Phil Cannella’s Crash Proof Retirement System Phil Cannella makes the analogy that your progress through life and specifically Read More +
Phillip Cannella Media: Phil Cannella Addresses the Risks Facing Retirees
Phil Cannella – Phillip Cannella Media: Phil Cannella has taken a cold hard look at the issues facing people in their retired years and has delved into solutions to many of these risks, especially those risks connected to losing their nest eggs. Phil Cannella talks about it in this way: “There’s no question that today’s retiree faces financial risk in many forms. There’s the risk of losing your principal in the stock market and of your accounts accumulating too many taxes and market fees (fees that weigh Read More +
Phillip Cannella Blog: Phil Cannella Asks if Your are Proofed Against Longevity Risk
Phil Cannella – Phillip Cannella Blog: Phil Cannella makes a point when he says that one of the unknowns we face as we go into retirement is that we don’t know how long we are going to live. If we only knew how long we would live then we could predict and plan for various eventualities. For example, as Phil Cannella explains, if you know you’ll live to 85 then you can predict how much money you will need between then and now. There is little use Read More +
Phillip Cannella News: Phil Cannella Speaks About the Family Situations and Long Term Care
Phil Cannella – Phillip Cannella News: Phil Cannella has experienced first-hand what can happen to a family when someone is in need of long term care and no long term care insurance policy has been taken out on the individual. Phil Cannella experienced exactly this about 40 years ago now when his grandpa, who had worked all his life and finally went into retirement, suddenly came into need of long term care and went into a nursing home. Phil Cannella remembers well what effect this had on Read More +
Phillip Cannella Media: Phil Cannella Talks About Tax-Free Growth versus Tax-Deferred Growth
Phil Cannella – Phillip Cannella Media: Phil Cannella is a well-trained Financial professional, versed in IRA regulations, IRS rules and understand the different types of financial vehicles that are available to retirees. He takes a good look at the advantages and disadvantages of tax-free growth versus tax-deferred growth in a retirement account. As Phil Cannella explains: “A retirement financial specialist knows that there’s more than one way to bypass the RMD to stop the erosion and taxation of your accounts, and turn them into tax-free vehicles that Read More +
Phillip Cannella News: Phil Cannella Answers the Question “What If I don’t Need my RMD?”
Phil Cannella – Phillip Cannella News: Phil Cannella has had to answer this question many times. People in their retired years hit 70 ½ and are made aware that this is the time they need to begin taking their retired minimum distributions yet they don’t need those funds and would rather have them continue to grow tax-free. Phil Cannella explains that it just doesn’t work that way. Most monies in retirement accounts have gone in them tax-free, meaning the taxes are being deferred to a later date Read More +
Phillip Cannella Blog: Phil Cannella Explains How RMD’s are Calculated
Phil Cannella – Phillip Cannella Blog: Phil Cannella answers a question often posed by consumers which is how is it determined how much of one’s account is subject to a required minimum distribution (RMD). Phil Cannella says this is an important question for anyone hitting retirement needs to know for penalties are assessed if one fails to meet the guidelines. The IRS wants its money, the money it has let you grow all these years tax-deferred and it is going to come and get it! In the Read More +
Phillip Cannella Blog: Phil Cannella Discusses Annuities
Phil Cannella – Phillip Cannella Blog: Phil Cannella makes is views on the subject of annuities very well known. Frankly, almost every financial advisor has an opinion about annuities, some say they are the worst products around, others seem to worship them. Phil Cannella also has an opinion, but his is steeped in real knowledge and familiarity with seniors and what products and services within the financial arena is right for them. Phil Cannella speaks candidly on this subject: “There’s a heap of bad press surrounding annuities. Read More +
Phillip Cannella Media: Phil Cannella And His Grandpa
Phil Cannella – Phillip Cannella Media: Phil Cannella’s life is an interesting story itself. While many people certainly have very colorful lives, Phil Cannella’s is pretty unique in itself. Phil Cannella was not born to riches. He was one of 5 children and his parents struggled to make ends meet. At one point, in order to cover all expenses, his family moved in with his grandparents. As his grandpa neared retirement it was to be a happy time for him with the bright outlook of the Read More +
Phillip Cannella Blog: Phil Cannella, A Man With a Crusade
Phil Cannella – Phillip Cannella Blog: Phil Cannella undoubtedly has a crusade in life, one which is set on bringing about reform on Wall Street where day in and day out the everyday investor is being taken advantage of by some vested interest or another. Phil Cannella disagrees with the fact that big banks such as Goldman Sachs can get away with fleecing investors to the tune of 1 billion dollars yet only be fined half the amount, 500 million dollars. In other words, as Phil Cannella Read More +
Phillip Cannella Blog: Phil Cannella Asks, Should You Really Feel Secure When You Retire?
Phil Cannella – Phillip Cannella Blog: Phil Cannella challenges you to the following question: When you retire, you should be able to reap what you have sown during the rest of your life, right? Retirement should be a time when we can live comfortably off of the money we have labored so hard to attain throughout the majority of our lives. It’s when we should enjoy “the golden years,” after having accomplished a huge feat. But look around you – Is that what you see happening? Read More +
Phillip Cannella Media: Phil Cannella’s Book Teaches What Most Financial Advisors Don’t Even Know
Phil Cannella – Phillip Cannella Media: Phil Cannella teaches what more financial advisors don’t even know. In his book, Crash Proof Retirement: The Planning Isn’t Over, Phil Cannella provides information to help you approach your retirement proactively, safeguarding you from the many risks that can diminish it. His book will teach you: How to avoid risks and fees of securities How to outpace inflation How to escape the unnecessary taxation on IRAs, 401(k) and 401(b) plans How to preserve your assets from the IRS, so you can Read More +
Phillip Cannella News: Phil Cannella Reveals How Time Really Does Equal Money
Phil Cannella – Phillip Cannella News: Phil Cannella has devoted his life to helping American retirees retire safely and securely, because if there’s one thing Phil Cannella knows, it’s that a retirement savings that took a lifetime to accumulate can disintegrate before your eyes. The way Phil Cannella sees it, your retirement fund represents moments of your life that you have put into acquiring it. You’ve worked and waited a lifetime to get to retirement, and you sacrificed your time to your job for many years. You Read More +
Phillip Cannella Media: Phil Cannella Asks if Annuities are Right
Phil Cannella – Phillip Cannella Media: Phil Cannella, among others in the field, question the value of annuities and if they are good fit for seniors. Phil Cannella says they definitely have a place as they are very unique products that have a very definite fit and are in fact unique as to what they do. This is how Phil Cannella puts it: “Annuities should have a place in your retirement portfolio for this reason: they’re one of the only guaranteed financial instruments in the history of Read More +
Phillip Cannella Blog: Phil Cannella Examines The Difficulties in Retirement
Phil Cannella – Phillip Cannella Blog: Phil Cannella has been working with seniors in one fashion or another for almost 40 years now and could well be termed a Senior Advocate. His concerns for the wellbeing of seniors began in his early twenties when he went door to door selling nursing home insurance. Phil Cannella was one of the early pioneers of what is known today as long term care insurance. After protecting thousands upon thousands of consumers against the risks of needing some form of long Read More +
Phillip Cannella Blog: Phil Cannella Shows Retirees How to Ensure Their Nest Egg Will Outlast Them
Phil Cannella – Phillip Cannella Blog: Phil Cannella knows first hand the devastation that can come when a hard-earned retirement fund is wiped out from a sudden health issue. In his book, he states, “After my grand pop’s long battle in a nursing home, a time when the rug got pulled out from under my family’s feet, I struggled to comprehend how such a prosperous country could leave its seniors and their finances so vulnerable. I didn’t understand why nothing was being done to reduce my parents’ Read More +
Phillip Cannella Media: Phil Cannella Explains Why Retirees Should Seek a Financial Specialist
Phil Cannella – Phillip Cannella Media: Phil Cannella has said it time and time again, many financial advisors don’t have the best interests of their clients in mind, or they simply don’t have the experience or education to provide the right advice for people who are in their retirement years. What Phil Cannella has learned through his years of research is that there actually are several IRS and IRA laws available that can be used to improve your financial position as a senior, but many financial Read More +
Phillip Cannella Blog: Phil Cannella Educates The Consumer
Phil Cannella – Phillip Cannella Blog: Phil Cannella‘s Phil Cannella’s Crash Proof Retirement System is built on a foundation of education. What Phil Cannella is doing is teaching the consumer the essentials they need to know so that they can make informed decisions for themselves. What Phil Cannella says he is not doing is selling. Sales is something that salespeople do to get you to buy something. According to Phil Cannella his focus is on educating so that you are aware of the choices available to Read More +
Phillip Cannella Media: Phil Cannella Galvanizes His Audience
Phil Cannella – Phillip Cannella Media: Phil Cannella‘s Phil Cannella can talk to an audience and get them so excited that people want to come through his Crash Proof Retirement System™ in droves. Week in and week out, Phil Cannella holds education events in the Philadelphia region in order to educate retirees and pre-retirees on how to Crash Proof their retirement accounts. After exhaustive studies, Phil Cannella himself has done, he teaches basic principle after principle so that seniors can make informed decisions for themselves as Read More +
Phillip Cannella News: Phil Cannella Shrugs Off the Competition
Phil Cannella – Phillip Cannella News: Phil Cannella‘s recognizes that he has built a system that really does what it says it can. He created the Crash Proof Retirement System™ to do just that — protect an individual’s assets from a market crash. Very creatively, Phil Cannella created not just a system, but also a means to share the system and educate consumers on the system all with the focus of protecting the assets of the consumer against market losses. Phil Cannella has been so successful at Read More +
Phillip Cannella News: Phil Cannella Cross-Examines Financial Advisors
Phil Cannella – Phillip Cannella News: Phil Cannella‘s Crash Proof Retirement System™ is built on a foundation of education. To that end, Phil Cannella sees to it that all people involved in the educational process are well trained and well versed on IRA law, tax implications of financial vehicles, etc. Phil Cannella takes it a step further and insists on continuing education courses for all those involved with working with his consumers to crash proof their assets. Phil Cannella recognizes how important it is to know Read More +
Phillip Cannella News: Phil Cannella Strikes Out At the Lies
Phil Cannella – Phillip Cannella News: Phil Cannella is diametrically opposed to those who purvey lies in order to serve their own ends. In Phil Cannella’s book, there is no greater harm that one can do in the financial industry than to take advantage of the ignorance of the many to line one’s own pockets. Phil Cannella disagrees with the way financial services are offered to seniors, for it preys on this ignorance to make a gain for oneself. Phil Cannella sees little benefit for the consumer Read More +
Phillip Cannella Media: Phil Cannella Shows Us the Power of the Sword of Truth
Phil Cannella – Phillip Cannella Media: Phil Cannella has a Sword of Truth. To some this may sound like no more than a marketing slogan. If it were just a slogan we would have to question why it is so successful, for only truth begets success. We asked Phil Cannella what exactly is the Sword of Truth? “The Sword of Truth represents the philosophies by which I choose to live and is a simple yet powerful concept. It is a double-edged sword; one edge represents accurate Read More +
Phillip Cannella Blog: Phil Cannella Talks About Truth
Phil Cannella – Phillip Cannella Blog: Phil Cannella has a powerful tool in his arsenal and that tool is “truth.” Now that word has boggled philosopher’s minds for centuries upon centuries who are always seeking to uncover basic truths of the universe. For Phil Cannella it is about providing the truth in terms of the real facts of the financial world and real solutions to the issues facing the American retiree. When someone lies, they are doing a disservice, not only to the person they are serving Read More +
Phillip Cannella Blog: Phil Cannella Harks Back on the 1929 Stock Market Crash
Phil Cannella – Phillip Cannella Blog: Phil Cannella has done a good study of the history of the financial markets in the United States and examined their peaks and their crashes. He sheds some interesting light on the well-known crash of 1929 that brought about the Great Depression. Phil Cannella very wisely points out, “In 1929, American investors suffered the worst financial crisis in history, bearing witness to a mass economic collapse that decimated their savings. The effects of the crash were cruel and long-lasting. As American Read More +
Phillip Cannella Media: Phil Cannella has support of Crash Proof™ Consumers
Phil Cannella – Phillip Cannella Media: Phil Cannella has Crash Proofed™ over 4,000 consumers’ nest eggs using his Crash Proof Retirement System™. The system utilizes insurance vehicles that are outside the securities industry and are guaranteed to never lose the investor’s principal. Phil Cannella has seen too many investors get hurt by Wall Street’s volatility and cares greatly for the well-being of the everyday American’s retirement. Over 800 of his consumers have given testimonials lauding Phil Cannella and The Crash Proof Retirement System™, speaking of the Read More +
