Category Archives: Phil Cannella Media

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 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 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 +

Why Phil Cannella Urges You to Convert Your Roth IRA Now – Phil Cannella Media

Phil Cannella often coaches his clients and readers to covert their tax-deferred retirement accounts into tax-free accounts. It’s a beneficial IRA law that many retirees don’t even know about. Are you wondering how Roth conversions even exist? It seems very generous on the part of the IRS, right? We have William Roth to thank. He was a fiscal conservative who dedicated his political life to the easing of taxes on the middle class. He led the legislative effort to create the Roth IRA. But Phil Read More +

Phil Cannella Urges Proper Planning for Retirement – Phil Cannella Media

Phil Cannella says to make this journey Phil Cannella – Phillip Cannella Media: Phil Cannella says that in order to make this journey through retirement you have to plan for it. Would you do a trip through the Amazon Rainforest without a plan? Would you make a trip up Mt. Everest without a plan? Even less exotic trips, perhaps to Europe or even within the United States still require some sort of plan such as how you will get to your destination, and before that what Read More +

Phil Cannella Digs Deeper Into The Purpose of the Accumulation – Phil Cannella Media

Phil Cannella and a scientist  Phil Cannella – Phillip Cannella Media: Phil Cannella looks at retirement and your financial future much like a scientist might examine a test tube. Only when breaking life down into its parts and examining the parts can one make a sound conclusion for which action can then be dictated.  Phil Cannella developed Crash Proof Retirement Phil Cannella, in looking at retirement took a step back and took a good hard look at the earlier phase of one’s life, the accumulation phase. Read More +

Phil Cannella Shows Us How To Create The Retirement Dream – Phil Cannella Media

Phil Cannella shows we can achieve Phil Cannella – Phillip Cannella News: Phil Cannella strives to show us that we can achieve the retirement we have so long dreamed of. While it may see like a very distant and unattainable goal, Phil Cannella looks upon retirement as something one can attain and one can enjoy if you properly plan for it.  Phil Cannella says retirement signals beginning phase Phil Cannella says: “Much like the journey up a mountain and back down, retirement signals the beginning of Read More +

Phil Cannella Says That Retirement is a New Phase of Life – Phil Cannella Media

Phil Cannella retirement beginning of cycle Phil Cannella – Phillip Cannella Media: Phil Cannella doesn’t look upon retirement as an end of cycle but rather a beginning of a brand new cycle. While to some one could say that retirement signifies an approaching of the end of life, Phil Cannella looks at it as the beginning of a brand new aspect of life. Phil Cannella in his own words  In Phil Cannella’s own words: “While my grandpop and many others like him in this great country Read More +

Phil Cannella’s First Hand View of Aging – Phil Cannella Media

Phil Cannella’s experience when young Phil Cannella – Phillip Cannella Media: Phil Cannella experienced at an early age something many of us hope we will never have to endure: one’s parents or grandparents life savings whittling away as they pay the expenses of a nursing home. It was in fact moments like this that gave Phil Cannella the impetus to set his career on its path to success. Phil Cannella shares thoughts and feelings Phil Cannella shares his thoughts and feelings with these memorable words: “Life Read More +

Phil Cannella Delivers Another Impactful Philosophy – Phil Cannella Media

Phil Cannella has interesting views Phil Cannella – Phillip Cannella Media: Phil Cannella has some very interesting views on life and it is these views that really differentiate him from the run of the mill financial advisor. For Phil Cannella it is not about a “job” or just doing something to make some money, for him it is a mission, a drive to help his fellow man in every way he can. Phil Cannella and his mission Outside of Phil Cannella’s working life, he has made Read More +

Phil Cannella Demands Brokers Perform – Phil Cannella Media

Phil Cannella raises issues with securities Phil Cannella – Phillip Cannella Media: Phil Cannella raises an issue with the securities industry which must sooner or later get tackled as it is one of the underlying reasons that the everyday investor gets taken advantage of. Phil Cannella points out that throughout industry as a whole, not just the financial services world, professionals are expected to provide a service they are paid to do. If the expected service is not performed or underperformed, the consumer either doesn’t pay Read More +

Phil Cannella Answers the Question “What is a Crash Proof Retirement?” – Phil Cannella Media

Phil Cannella – Phillip Cannella Media: Phil Cannella recognized, in the wake of the last two major stock market crashes of the 21st century, that the industry was in the need of a system that could protect the wealth of senior citizens so that they could truly enjoy their golden years as they always wished they could. To this end, Phil Cannella explored the options available for seniors and devised a system that does exactly that. As Phil Cannella explains, Crash Proof Retirement™ is a new Read More +

Phillip Cannella Media: Phil Cannella Looks for a Solution to the Cost of Long Term Care

Phil Cannella – Phillip Cannella Media: Phil Cannella has been in the business of long term care for seniors for almost 40 years now. The factors that led him to this line of work were very personal indeed and stemmed from a situation that had affected his family in the early years of his life. Phil Cannella was not born to riches but rather had to struggle for survival. It was his grandfather who was hit just months after retiring with the need for nursing home care. Read More +

Phillip Cannella Media: Phil Cannella Says Strengthen the Position of Your “Harvest”

Phil Cannella – Phillip Cannella Media: Phil Cannella explains in his book, Crash Proof Retirement, The Planning Isn’t Over, that the harvest part of your life is that portion of your life when you can and should be enjoying the fruits of your many years of labor in the work-force. The “harvest” is your takings after plowing the lands working for years to save up for retirement and head into your Golden Years. To that end, Phil Cannella says, “Take action to strengthen the position of your Read More +

Phillip Cannella Media: Phil Cannella Discusses Roth Restrictions

Phil Cannella – Phillip Cannella Media: Phil Cannella is very knowledgeable in the field of retirement planning having helped seniors in various ways for almost 40 years now. A key aspect of Phil Cannella’s educational program is teaching the merits of a Roth conversion and how it could benefit the individual consumer. Phil Cannella gives us the two rules for a Roth to become completely tax-free and these are: “Once you convert your IRA to a Roth, you must satisfy two rules for it to become tax-free. Read More +

Phillip Cannella Media: Phil Cannella Reveals How to Flex Different Financial Muscles As You Move Into Retirement

Phil Cannella – Phillip Cannella Media: Phil Cannella teaches the difference between the two phases of financial planning, the Accumulation Phase and the Retirement Phase, in his book Crash Proof Retirement: The Planning Isn’t Over. Phil Cannella explains the Retirement Phase as simply the second part of the planning, it’s never the end if you want it to last for the rest of your life.   Phil Cannella’s analogy of climbing a mountain explains that you will use different financial muscles climbing down (the Retirement Phase) than Read More +

Phillip Cannella Media: Phil Cannella Explains an Immediate Annuity

Phil Cannella – Phillip Cannella Media: Phil Cannella understands the different types of insurance products available on the market and which ones are specifically geared to people in their retired years. It is because of this shrewd understanding that Phil Cannella is so successful in crash proofing the nest eggs of seniors. Phil Cannella explains what an Immediate Annuity is in a very succinct fashion as follows: “An immediate annuity is known as an ‘income annuity’ for a reason.  It’s one of only two guaranteed income instruments Read More +

Phillip Cannella Media: Phil Cannella Reveals the Answers to What Retirees Fear Most

Phil Cannella – Phillip Cannella Media: Phil Cannella is on a mission to help retirees live the American dream by retiring comfortably and securely. Many people seek him out for answers to the questions they fear most. We’ve listed some of those questions along with Phil’s answers for you below.   Will I outlive my financial accounts? While you can calculate how much money you’ll need to live on when you retire, you can’t calculate how long you will live. Without safeguarding your nest egg, it is Read More +

Phillip Cannella Media:Phil Cannella Says “Take Your Nest Egg Out of Risk”

Phil Cannella – Phillip Cannella Media: Phil Cannella has some very emphatic words to give all retirees as they move into the retirement phase of their lives. It is right here when Phil Cannella urges you to get out of risk in order to prevent your nest egg from eroding. Phil Cannella explains what he means by this very aptly, “It means putting your nest egg in a position where if you need income in the future, it will be tax-favored.  It means placing your investments in Read More +

Phillip Cannella Media: Phil Cannella Speaks About Integrity

Phil Cannella – Phillip Cannella Media: Phil Cannella  discusses yet another philosophical topic, in this case integrity. Integrity is like ethics, it an element that makes each of us so different in this world. Some people possess integrity, others lack it. Phil Cannella explains that a financial professional needs to have a level of integrity above and beyond most professions, for they are dealing with a subject so important to the survival of a person. If you don’t act in the client’s best interests he could lose Read More +

Phillip Cannella Media: Phil Cannella Says Don’t Let a Locust Eat Your Financial Crops

Phil Cannella – Phillip Cannella Media: Phil Cannella is sharp to point out that financial predators, those with vested interests who are in a position to manipulate the markets through market crashes, can wipe out much of your nest egg in one short breath. This is why Phil Cannella urges us to look outside the box and instead at products that can secure us a safe retirement. Phil Cannella likens this to a locust devastating a crop; “In theory, retirement can be regarded as one’s harvest years. Read More +

Phillip Cannella Media: Phil Cannella Explores Solutions to Our Aging Senior Population

Phil Cannella – Phillip Cannella Media: Phil Cannella sought, from an early age, to find a solution to pandemic that is affecting millions of Americans every year. At an early age of his life, Phil Cannella witnessed his family struggling with burgeoning nursing home bills when his grandpa had to go into a nursing home just months after he finally retired. This situation has become common in America, as our civilization ages yet the need for low cost care becomes greater and greater. When a child is Read More +

Phil Cannella Media: Phil Cannella Interviews Kotz on the SEC’s 77 Years of Ineffectiveness

Phil Cannella – Phillip Cannella Media: Phil Cannella’s insight and boldness gives Phil Cannella the ability to extract the freshest and most revealing information from the guests on Phil Cannella’s Crash Proof Retirement Show®. Nothing could be closer to the truth in this clip taken from his hard-hitting two-hour interview with H. David Kotz, the then Inspector General of the Securities and Exchange Commission (SEC), as they converse about the ineffectiveness of their regulation efforts. In Phil Cannella’s research, he discovered that over the last 77 Read More +

Phil Cannella Media: Phil Cannella Gets Answers from Former Federal Reserve Manager

Phil Cannella – Phillip Cannella Media: Phil Cannella delivers another compelling and informative interview that gets to the bottom of why former Federal Reserve Manager, Andrew Huszar, wrote in an Op-Ed in the Wall Street Journal, “I can only say: I’m sorry America.” As the quarterback of Quantitative Easing, which is the Fed’s attempt at the largest economic stimulus in history, Andrew Huszar managed the $1.25 trillion bond purchasing program. While he respects the Feds and thinks they mean well, he speaks against the negative results 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 +