Category Archives: Phil Cannella Blog

High Earning Tax Breaks for Retirement

A lot of tax breaks and perks for people who earn over a certain amount have been taken away lately. However, there are still some breaks you can get if you are a six-figure earner. Larger tax deduction for your 401(k). If you’re an employee who is making a lot of money, you will get the most benefits if you contribute to a traditional 401(k) savings plan. You should always make sure you’re taking advantage of all of the tax breaks that are still available Read More +

Money Mistakes To Avoid in Retirement

Chances are you spent much of your life saving for retirement.  Now that you’re finally retired, it’s normal to want to spend the money that you’ve worked so hard to put in your nest-egg.  Be aware that there are some mistakes that you can make that could really hurt you and deplete your savings more than you realize. Don’t start Social Security too soon. Technically, you’re able to start taking your Social Security at 62.  However, if you do you’ll receive around 25% less that Read More +

How to Save for Retirement Without a 401k plan

While saving for retirement with a 401(k) plan is fairly easy and convenient, not all employers offer a 401(k) option. With an employer issued 401(k), money for your retirement is taken out of your paycheck before you even get a chance to see it. Sometimes, you automatically can receive tax breaks for this saving as well. Some employees can actually be enrolled in a 401(k) without doing any paperwork even. 401(k)s can make life easier for some. But if you don’t have a 401(k), how Read More +

Phil Cannella Crash Proofs the Retirement of Shirley White

Phil Cannella’s exclusive and proprietary Crash Proof Retirement System has helped thousands of people to secure their retirement futures. One of them is Crash Proof Consumer Shirley White -a retired nurse from Blue Bell, PA. Shirley came to Crash Proof Retirement after listening to The Crash Proof Retirement Show, heard weekly on 1210 AM WPHT each Saturday and Sunday. She described herself as a natural risk-taker when it comes to investing; as someone who is willing to take on some additional risk in exchange for Read More +

Phil Cannella: Committed to Consumer Advocacy

Phil Cannella has faced some tough challenges in his effort to make changes to the financial services industry and bring about reforms on Wall Street. But the battle over fiduciary duty may be his greatest victory to date. Phil Cannella and Crash Proof Retirement has a fiduciary duty towards its clients; Wall St. does not! The Wall Street environment is a perfect example of the “every man for himself” approach. Financial professionals are all too willing to take advantage of oblivious consumers, while industry insiders Read More +

Phil Cannella Discusses Medicaid and Long Term Care Insurance

Phil Cannella thinks that a lot of people confuse Medicaid with Medicare. Both of these programs are separate and independent of each other. Medicare’s primary focus is to provide health insurance for those over the age of 65, while Medicaid’s focus is providing health insurance to the indigent. Phil Cannella explains that when it comes to providing long term care, Medicaid has some very strict requirements and seniors should not think that they can fall back on Medicaid as there are some catches. To be Read More +

Phil Cannella Breaks Down Fixed Annuities

Phil Cannella provides an excellent explanation of the difference between the major categories of annuities and he does so in a way that makes it very easy for any consumer to understand. Any true expert in a field should be able to explain a technical subject in a non-technical manner and this is exactly what Phil Cannella does. A Fixed Annuity, as Phil Cannella explains, is a specific type of annuity. Fixed annuities are essentially CD-like investments issued by insurance companies. Like CDs, they pay Read More +

Phil Cannella Brings Solutions with Crash Proof Strategies

Phil Cannella helps seniors, not just by offering one or two financial products to a retiree, but providing an education and a Crash Proof System that takes them not only to retirement but through retirement and a new perspective with regard to their finances. Phil Cannella says that giving people hope is one of the most valuable things you can do for people. “There is not a better feeling in this life than to give someone hope, whether it be spiritual or financial.” At his Read More +

Phil Cannella Warns Investors of Interest Rate Rise

Phil Cannella’s acumen when it comes to reading and interpreting business and economic trends is unparalleled in the industry. With his vast knowledge and background as to how different investment and financial vehicles work is an integral part of how he devised the exclusive Crash Proof Retirement System. Phil Cannella explains the impact that the Federal Open Market Committee has had on the American economy by keeping interest rates at or near zero for almost 10 years now. What this action was intended to do Read More +

Phil Cannella is a Crash Proof Consumer Advocate

Phil Cannella has taken a “consumer advocate’s” approach in developing the Crash Proof Retirement System. Phil Cannella ‘s goal with the Crash Proof Retirement System was to be able to put protections in place so that no one using the system could be betrayed by the stock market. The very core principals of the system are to Crash Proof a retiree’s investment accounts against crashes and to provide peace of mind to the consumer in retirement. Phil Cannella began his fastidious work in creating the Read More +

Phil Cannella Analyzes Faults in U.S. Economy

Phil Cannella created his exclusive Crash Proof Retirement System for the expressed purpose of removing all the factors that are outside of our control that may have a negative effect on our retirement nest-eggs. Threats such as market risk can cause turmoil in retirees’ accounts. This kind of risk has happened time and time again during down periods in market history including two well-known stock market crashes that have occurred twice in the first decade of this century. Phil Cannella was appalled by the devastation Read More +

Phil Cannella Examines Exclusive Crash Proof Retirement System

Phil Cannella has been a retirement professional for almost 40 years having started his career as an insurance professional in the 1970s offering seniors long-term care solutions. As the years went by, especially after seeing so many retirees devastated from the market crashes of the early 2000s when the tech bubble burst, Phil Cannella was determined to solve the problem of how to safeguard retirement incomes and come up with a means of providing people in and near retirement with a way of enjoying their Read More +

Phil Cannella Makes the Golden Years More Golden

Phil Cannella takes his mission in life very seriously. For him it is not just about helping one or two people but about changing the financial industry for retirees to make it more transparent and more ethical and to help not one or two consumers but thousands of them. Phil Cannella is not just another financial adviser pawning some products here or there to make a quick buck. He created the proprietary Crash proof Retirement System to bring about a real and lasting change to Read More +

Phil Cannella is closing in on a decade of Crash Proof Retirement

Phil Cannella has been dedicating almost 40 years of his career as an insurance and retirement professional to helping safeguard the retirement nest-eggs of people in or near retired years. Having started his consumer advocacy mission of protecting families from financial devastation through pioneering long term care insurance, Phil Cannella has transitioned into Crash Proofing the retirement nest-eggs of retirees from the financial devastation caused by Wall Street. Phil Cannella created the exclusive and proprietary Crash Proof Retirement System almost a decade ago after witnessing Read More +

Phil Cannella Examines the Recent Stock Market Losses

Phil Cannella took a few minutes to talk about the highs and lows of the market and its effect on the everyday investor and retiree. First of all, the benchmark Standard & Poor’s 500 stock index, which hit a record close of 2130.82 on May 21, had gone 1,326 calendar days without suffering an official correction, or drop of 10% from a high. But that correction-less streak ended on Aug. 24, when the S&P stock index finally caved in under the weight of a massive Read More +

Phil Cannella Slams Fed’s Economic Policies

In an exclusive interview with bestselling author and economic forecaster Harry Dent, Phil Cannella exposes the truth about the U.S. and world economy. Phil Cannella questioned if trillions of dollars a year being imbued into the economy with nothing to prop it up, could ever pay off. On the one hand it seemed like the economy was on a strong footing. The Dow Jones Industrial Average, the S&P 500, and the NASDAQ all recovered from the 2008/2009 crash and seem to be on a rocket Read More +

Phil Cannella Praises The Power Of Interest

Phil Cannella And Joann Small Host The Crash Proof Retirement Show On last Sunday’s edition of The Crash Proof Retirement Show, co-hosts Phil Cannella and Joann Small focused on the most powerful tool in the financial industry—interest. Albert Einstein once said that “Compound interest is the 8th wonder of the world. He who understands it, earns it. He who doesn’t… pays it.” That’s why Phil Cannella implores people in or near retirement to immerse their nest eggs in financial vehicles immune to market downturns. The Read More +

Phil Cannella Explains The Importance Of Fiduciary Responsibility

Phil Cannella educates hundreds of Philadelphia-area retirees each week at Crash Proof Retirement educational events. Phil Cannella arms attendees with truth backed up by statistics, charts and taped interviews with some of the most important financial authorities in the United States. But perhaps the most important thing Phil Cannella does at these events is to ask attendees one simple question: “Have you ever heard of a fiduciary responsibility?” Over the year, Phil Cannella has found that many people do not understand the concept of fiduciary Read More +

Phil Cannella Conquers Online Attacks

Phil Cannella’s career has been dedicated to helping the ‘little guy’ in the form of American retirees, attempting to guard their nest eggs from the volatility and corruption of Wall Street. But it wasn’t long ago that Phil found himself attacked by an anonymous group of online competitors, attempting to undo his decades of work. 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 Read More +

Phil Cannella, Leading Consumer Advocate

Phil Cannella built a platform of truth, logic, and consumer advocacy to help First Senior Financial Group to protect the nest eggs of over 4,000 area consumers. He explained his methods and motivations on last weekend’s Crash Proof Retirement Show. “When you look back, when you first started working with people in retirement—would you have envisioned being here today, almost 40 years later?” Joann Small asked Phil Cannella. “I was only 21 years old when I started,” Cannella remembered. “Do any of us really know Read More +

Phil Cannella’s Crash Proof Retirement System: Joann Mattia

Phil Cannella Educates Consumers After Market Crash Phil Cannella has implemented his trademarked Crash Proof Retirement System for thousands of consumers across the region. The System was designed to provide safe alternatives to the volatility and fees of Wall Street. One of the most recent success stories belong to Joann Mattia, a marketing manager from Downingtown, Pa. Joann’s retirement dreams were curtailed by the market crash of 2008. A significant portion of her savings were wiped out when the major stock market indices lost more Read More +

Phil Cannella Explains The Lack Of Safety In Bonds

Phil Cannella Knows The Truth Behind Corporate Bankruptcies Phil Cannella has fought a battle against the powers on Wall Street for many years, and in that time he’s seen some questionable practices. But the rash of bankrupcies that followed the great Recession took things to a new level. Bankruptcies have ruined the savings, the nest eggs, and the lives of millions of Americans. That’s why Phil Cannella finds it so appalling that declaring bankruptcy has become an accepted practice—almost a strategy—among major U.S. corporations. “You realize,” Phil Read More +

Phil Cannella Testimonial: Doug and Eileen Flor

When Doug and Eileen Flor first met Phil Cannella in 2010, they were wary of investing in the unpredictability of Wall Street. Today, they each enjoy a secure Crash Proof Retirement, complete with guarantees and peace of mind. Doug Flor is retired from Exelon Power Company, while his wife Eileen works part-time as a school teacher. Their journey to a Crash Proof Retirement begins five years ago, when Doug attended an educational event at Spring Mill Manor in Ivyland, Pa. Back in 2010, Doug was Read More +

Phil Cannella Popularizes The Statement Of Additional Information

Wall Street’s Best-Kept Secret Phil Cannella educates people in or near retirement about the little secrets that permeate Wall Street. One of his favorite things to reveal is the infamous Statement of Additional Information! But even Phil Cannella has to admit that Wall Street’s done a great job of keeping that secret—so great, in fact, that most financial advisors don’t even know the Statement of Additional Information exists! “We’ve all heard about the Book of Prospectus—because we all read it cover to cover!” Phil Cannella Read More +

Phil Cannella Educates Retirees On The Crash Proof Retirement Show

Phil Cannella founded The Crash Proof Retirement Show with the stated purpose of educating consumers in or near retirement. This past weekend, Phil and co-host Joann Small did just that in their opening segment of the show. Phil and Joann accomplish their educational goals not only through The Crash Proof Retirement Show, but through educational events around the Philadelphia region and by hosting consumers each and every day at their headquarters in King of Prussia, Pa. This week, Phil Cannella highlighted the three things that Read More +

Phil Cannella Recalls his Enlightenment Over the Stock Market – Phil Cannella Blog

Phil Cannella • Phillip Cannella Phil Cannella – Phillip Cannella Blog: Phil Cannella often recalls why he got into the business of protecting retirees and helping them secure a safe retirement. Phil Cannella • Phillip Cannella “After my grandpop’s long battle in a nursery home, a time when the rug got pulled 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 Read More +

Phil Cannella Reveals Which One You Want: Client-Driven vs. Broker-Driven Accounts – Phil Cannella Blog

Phil Cannella, investigative reporter and founder of Retirement Media, Inc, helps his readers understand the difference between the two types of financial accounts available to retired people so that they can better protect their nest egg. The options are broker-driven and client-driven financial accounts. Broker-Driven Financial Vehicle Broker-driven financial vehicles are the products that financial advisors endorse, recommend, direct and protect to no end. Phil Cannella points out that financial advisors and brokerage firms only prefer these products because they collect ongoing fees and commissions Read More +

Phil Cannella Says Retirement is When the Real Journey Begins – Phil Cannella Blog

Phil Cannella stresses how to plan Phil Cannella – Phillip Cannella Blog: Phil Cannella stresses that you have to have a plan, a guide to take you through your retirement, financial speaking. This is why Phil Cannella makes such a great effort to educate those who come to see him on what they can and should expect as they begin this brand new journey. Phil Cannella takes a good look As Phil Cannella points out: “Many American retirees think exactly that at the end of their Read More +

Phil Cannella Examines the Financial Journey of Life – Phil Cannella Blog

Phil Cannella and two major phases Phil Cannella – Phillip Cannella Blog: Phil Cannella looks at life in terms of two major phases. The first phase he explains is the Accumulation phase, the second is the Retirement Phase. Let’s break these down a little and see if we can get a little better explanation as to what these are.  Phil Cannella stresses these words According to Phil Cannella: “The first half of your financial journey is the Accumulation Phase. And the second half, well that’s the Read More +

Phil Cannella On The Retirement Phase of Life – Phil Cannella Blog

Phil Cannella identifies the difference Phil Cannella – Phillip Cannella News: Phil Cannella identifies the difference between the retirement phase of one’s life and the accumulation phase of one’s life. You see, according to Phil Cannella during your working years you have the ability to make a living and if you lose money for various reasons including losses in the stock market, you still have your life ahead of you to make up what you lost. Phil Cannella points out However, as Phil Cannella points out, when Read More +

Phil Cannella Observes The Exorbitant Expenses of Nursing Home Care – Phil Cannella Blog

Phil Cannella witnessed effects of nursing home stays Phil Cannella – Phillip Cannella Blog: Phil Cannella witnessed first hand the devastating effects a nursing home stay can have on a family. Stays is a nursing home can be pretty expensive and if one is not prepared for it the costs can wipe out the savings of a family and leave the family in times of great hardship. This is exactly what happened to Phil Cannella at an early age in his life when his grandpa went Read More +

Phil Cannella Fondly Remembers the Day His Grandpa Retired – Phil Cannella Blog

Phil Cannella and his good fortune Phil Cannella – Phillip Cannella Blog: Phil Cannella has had the good fortune of seeing what life is like from all aspects. Many of us might take much for granted. College was paid for us, we attended private school, we had a nice house perhaps with a swimming pool in the back when a child, etc. Phil Cannella fondly remembers Phil Cannella did not have these niceties when growing up. His parents moved in with all his siblings into his Read More +

Phil Cannella Says What Sets Him Apart From His Competitors – Phil Cannella Blog

Phil Cannella is one of the most successful Phil Cannella – Phillip Cannella Blog: Phil Cannella is one of the most successful financial advisors in the nation. And when we talk about “successful” we don’t just mean in terms of financial success for himself personally, but success in terms of how many people Phil Cannella has helped, how many lives he has changed for the better, how many hearts he has touched. For Phil Cannella it is not about a job to make money it is Read More +

Phil Cannella Talks About Ongoing Fees – Phil Cannella Blog

Phil Cannella speaks vocally Phil Cannella – Phillip Cannella Blog: Phil Cannella speaks quite vocally about the ongoing fees that brokers make off of the unsuspecting investor. You see there are different types of investment vehicles and Phil Cannella separates them into two distinct classes. Phil Cannella financial vehicles This is further explained by Phil Cannella as follows, “As a retired person, you have two types of financial vehicles available to you.  Once you understand them both, it will be clear which one you want. Broker-driven financial Read More +

Phil Cannella Says Mitigate Your Portfolio Risk – Phil Cannella Blog

Phil Cannella – Phillip Cannella Blog: Phil Cannella says that there is a very basic formula you can follow in order to mitigate risk in your portfolio. As Phil Cannella explains, it will not Crash Proof your investment accounts completely but it will reduce your exposure to risk for sure. The formula is popularly known as the rule of 100. As Phil Cannella explains it the formula goes like this: “100 – YOUR CURRENT AGE = % OF RECOMMENDED RISK. According to the rule, at 80 Read More +

Phillip Cannella Blog: Phil Cannella Compares CDs to Annuities

Phil Cannella – Phillip Cannella Blog: Phil Cannella, in the course of his research, recognized that a CD offers safety. It certainly does and is even insured up to $250,000 by the FDIC. However, there is more here than meets the eye and Phil Cannella is quick to educate the consumer on some key differences. For example, as Phil Cannella explains, with a fixed annuity, every year, you can access 10% of the accumulated balance – in other words, the principal plus the gains or the Read More +

Phillip Cannella Blog: Phil Cannella Discusses the Merits of a Stretch IRA

Phil Cannella – Phillip Cannella Blog: Phil Cannella, in his prowess as the consummate financial advisor, understands the nuances of IRAs and the various ways to leverage them to the benefit of your client’s goals. Phil Cannella has undergone extensive training on IRAs and the various retirement accounts and financial vehicles available to seniors. As a result he has become one of the foremost wanted and desired advisors for retirees throughout the tri-state area. Phil Cannella shares some of his wisdom in discussing a Stretch IRA. Read More +

Phillip Cannella Blog: Phil Cannella Says the Social Security System is on The Verge of Going Broke

Phil Cannella – Phillip Cannella Blog: Phil Cannella recognizes the frailty of the social security system. He astutely points out that when you get your annual letter from the social security system it tells you right on there that the bucket of money funding social security is set to deplete in the not too distant future, certainly well before many of us reach the end of our lives. This was a strong factor that brought Phil Cannella to develop the Crash Proof Retirement System. He no longer Read More +

Phillip Cannella Blog: Phil Cannella Educates Americans about Long Term Care Insurance

Phil Cannella – Phillip Cannella Blog: Phil Cannella educates Americans about using long term care insurance to ensure the protection of the nest egg they have worked so hard for.   Following a health catastrophe that drained his grand pop’s retirement fund shortly after he retired, Phil Cannella dug deep and discovered that the insurance industry has several good policies and many not-so-good policies. He suggests each retiree acquire a long term care policy that will cover extended nursing home stays and home care. With the right Read More +

Phillip Cannella Blog: Phil Cannella Delineates the Positive Characteristics of an Immediate Annuity

Phil Cannella – Phillip Cannella Blog: Phil Cannella will tell you that one has to look under the cover to see if the product one is buying is any good. This same concept applies to insurance products as Phil Cannella very aptly puts it. In looking at immediate annuities, Phil Cannella identified some of the key characteristics that make an immediate annuity advantageous to seniors. These are enumerated by Phil Cannella as follows: “1) Guaranteed – Provides a steady, secure income stream for a stated time period Read More +

Phillip Cannella Blog: Phil Cannella Helps American’s Protect Their Nest Egg From Catastrophic Health Issues

Phil Cannella – Phillip Cannella Blog: Phil Cannella  knows first hand the devastation a sudden health issue can cause on a family’s retirement savings. That’s why he has devoted his life to helping American retirees safeguard their nest eggs. He answers the most popular questions below about health and retirement. What will happen to my nest egg if I get sick? Don’t make your nest egg pay for costly health conditions in your senior years. Every retiree needs the proper health insurance policy to assist with costly Read More +

Phillip Cannella Blog: Phil Cannella on the Erosion of Your Nest Egg

Phil Cannella – Phillip Cannella Blog: Phil Cannella warns seniors to beware of the erosion that your nest egg is subjected to day in and day out when one is invested on the market. Phil Cannella explains that when one is invested in mutual funds and like products and vehicles, one pays the fund manager a management fee regardless of the performance of the vehicle. There are not a lot of industries when the client pays a professional for not getting the expected result, but then again Read More +

Phil Cannella – Phillip Cannella Blog: Phil Cannella Ponders Honesty versus Dishonesty

Phil Cannella – Phillip Cannella Blog: Phil Cannella questions the integrity and morals of those financial advisors who are dishonest or less than honest with the consumer. Shakespeare wrote, “to be or not to be that is the question.” I can see Phil Cannella saying, “to be honest or not to be honest, that is the question.” Phil Cannella comments on the integrity of the financial services industry and says that it is a sad commentary that the industry has such a poor reputation as a result Read More +

Phillip Cannella Blog: Phil Cannella Comments on the Golden Years of One’s Life

Phil Cannella – Phillip Cannella Blog: Phil Cannella is driven by a passion to see the American retiree enjoy his or her retirement. The only way he or she can do that, says Phil Cannella, is that if the money they have been saving through their working years is protected and safeguarded against market risk. Phil Cannella explains, “As Americans we have been trained to regard retirement as the final financial milestone – a rewarding experience often spent on extended vacations, quality time with grandchildren and experiencing Read More +

Phillip Cannella Blogs: Phil Cannella Has The Hallmarks of a True Humanitarian

Phil Cannella – Phillip Cannella Blogs: Phil Cannella, since a very early age in his life, has made it his business to provide succor to those in need. A humanitarian can be defined as one who seeks to promote human welfare. A brief look at Phil Cannella’s life demonstrates that he possesses many such sterling qualities. First of all, let’s take a brief look at Phil Cannella’s almost 40 years in the insurance industry dedicated to helping seniors at every turn. Beginning with his foray into Read More +

Phil Cannella Blog: Phil Cannella Interviews Best-Selling Author Harry Dent

Phil Cannella – Phillip Cannella Blog: Phil Cannella provides another insightful interview, this time with best-selling author and renowned economic forecaster, Harry Dent, to educate America about healthy retirement strategies. Phil Cannella and Harry Dent are a unique combination to listen to, providing listeners with a revealing glimpse into our 2014 economic forecast. Phil Cannella knows what to ask, pulling out of Harry Dent the reasons why he feels 2014-2015 is the next big danger period for the economy. With insights into how to protect your Read More +

Phil Cannella Focuses on Education

Phil Cannella – Phillip Cannella News Phil Cannella has spent his last 40 years working with senior citizens. Phil Cannella: In this day and age, it is not too difficult to find a Financial Advisor to tell you what to do with your finances. The question really is, can you find a Financial Advisor who is truly concerned and interested in helping you achieve your goals rather than his own bottom line. It is not always easy to tell the difference as both can sound Read More +

Phil Cannella Sees Record Number of Clients

Phil Cannella – Phillip Cannella News Phil Cannella’s world renowned Crash proof Retirement System has now seen a record number of senior citizens protect their hard earned dollars from the perils and risks of Wall Street. Holding weekly seminars that Phil Cannella promotes through his weekly radio show, the Crash Proof Retirement Show, more than 7,000 people registered to attend one of his events in 2013 alone. Once an interested consumer has come to one of Phil Cannella’s events, if he or she expresses further Read More +

Phil Cannella Wows Crowd at William Penn Inn

Phil Cannella – Phillip Cannella News Phil Cannella had 200 people come to the William Penn Inn to hear him explain how to crash proof their retirement accounts. The few skeptics in the crowd quickly became believers as Phil Cannella hit them with nuggets of invaluable tips to prevent the erosion of their accounts. As we have heard so often from our clients, the risks and perils of Wall Street is the wrong place to keep your hard earned dollars if you want to sleep Read More +