Category Archives: Phil Cannella News

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, A Man Ahead of the Curve

Too often people stand on the sidelines of any activity and wait for someone else to act, someone else to do something, and wait and see if this person is successful or not before boarding the train so to speak. Those types of people are good at following others, but they are not the leaders of our society. Our leaders are those who don’t fear to say or do something that may not be in keeping with the status quo. Our leaders are those that 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’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 News: Phil Cannella Urges Retirement Advisors to Stick to that Specialty – Phil Cannella News

Phil Cannella • Phillip Cannella Phil Cannella – Phillip Cannella News: Phil Cannella was ahead of the curve when he made retirement finances his exclusive specialty. Phillip Cannella • Phil Cannella There is no shortage of consumers entering retirement, as the baby boomer age is just now starting to get their feet wet in retirement planning. With that in mind, Phil Cannella was not afraid to drop all other kinds of financial planning and work exclusively with retirees. He found that the goals and needs of a retiree are far different Read More +

Phil Cannella Lays Out the Roth Restrictions and Exceptions – Phil Cannella News

Phil Cannella has made it his mission to help American retirees retire safely and securely by taking advantage of hidden laws. One such law is the Roth conversion, which allows individuals to convert their tax-deferred accounts into tax-free accounts. While this option is highly recommended by Phil Cannella, it does come with a catch. Phil Cannella empathizes that like it or not, Uncle Sam is your partner and by law, we all owe him part of everything we own. Thankfully, through tax-free Roth IRAs, he Read More +

Phil Cannella Talks About The Harvest Years of One’s Life – Phil Cannella News

Phil Cannella likes the retirement phase Phil Cannella – Phillip Cannella News: Phil Cannella likes the retirement phase of one’s life to one’s harvest years. But what does Phil Cannella mean by that exactly? Well, imagine if you’ve been working hard all year to grow your crops, to prevent insects or some other pestilence destroying your crop and at last it is time to harvest. You go out and gather the crops and can now sell them and hopefully make some good money. The fruits of Read More +

Phil Cannella And the Two Parts of The Retirement Game – Phil Cannella News

Phil Cannella makes great analogies Phil Cannella – Phillip Cannella News: Phil Cannella makes a great analogy between retirement and a game. In a game, you don’t win until the end. No matter the score at half-time, you have to keep going until the final whistle to be sure of success.  Phil Cannella, the first part is the Accumulation Phase According to Phil Cannella, “In many ways, holding on to this common notion, ‘I did it! I made it! I’m done!’ can be very dangerous to Read More +

Phil Cannella Tells us a Life Lesson About Mount Everest – Phil Cannella News

Phil Cannella makes astute observation Phil Cannella – Phillip Cannella News: Phil Cannella makes a very astute observation about life when hearing people exclaim: “I did it” when accomplishing a task of some sort. This all comes back to “cycles” a subject Phil Cannella talks much of. Phil Cannella makes an analogy of Mt. Evererst Phil Cannella makes an analogy of 10 climbers climbing Mt. Evererst and exclaiming “I did it” when reaching the top and being filled with joy. Yet reaching the top of Mt. Read More +

Phil Cannella’s Formative Years – Phil Cannella News

Phil Cannella did not have wealth Phil Cannella – Phillip Cannella News: Phil Cannella did not have the luxury of financial wealth even remotely as a child or young adult to be able to complete his education before he was thrown into the world to start making a living. Phil Cannella was cast into the world When his grandpop went into a nursing home and the family’s savings were being rapidly depleted and his dad was working 3 jobs to help pay the bills, young Phil Read More +

Phil Cannella Endured the Hardships of Life – Phil Cannella News

Phil Cannella Has been from the bottom up. Phil Cannella – Phillip Cannella News: Phil Cannella has seen life from the bottom up. Growing up in a family that had a had time making ends meet, Phil Cannella learned that it was hard work and your sleeves rolled up that gave you the means to survive. While some may be blessed with riches of their parents, factually Phil Cannella was blessed with seeing and learning the true and real lessons of life that aided his survival. Read More +

Phil Cannella Wants to Make Your Retirement Dreams Come True – Phil Cannella News

Phil Cannella working tirelessly Phil Cannella – Phillip Cannella News: Phil Cannella, through the course of his system, is working tirelessly to help you achieve your personal retirement goals. In Phil Cannella’s own words: “The old adage is 100% true: time equals money. No matter your age or how long you’ve been retired, you’ve worked and waited a lifetime to get to the point where you could rely on a steady stream of retirement income. And more importantly, you expect it to be there when you want Read More +

Phil Cannella Discusses the Advances in Medical Science – Phil Cannella News

Phil Cannella explains retirement landscape Phil Cannella – Phillip Cannella News: Phil Cannella explains that the retirement landscape has markedly changed over the last 100 years and even more so over the last 20 – 30 years. A brief look at history tells us that hundreds of years ago people rarely lived beyond the age of 30 or 40. For various reasons such as disease, hygiene, lack of protection against the elements, the lifespan of man was so much shorter than it is today. Even fifty Read More +

Phil Cannella Comments on the U.S. Economy – Phil Cannella News

Phil Cannella radio show Phil Cannella – Phillip Cannella News: Phil Cannella regularly features prominent personalities on his radio show. Including one recent well known economic forecaster Harry Dent, who by is the author of New York Times’ Bestseller, The Great Depression Ahead, published in 2009. Harry Dent predicted the market crash of 2008 and he predicts that another one is expected to occur between 2014 and 2015. Phil Cannella and Harry Dent Both Harry Dent and Phil Cannella share the view that the markets have Read More +

Phil Cannella and David Kotz on the Look-Back Principle – Phil Cannella News

Phil Cannella – Phillip Cannella News: Phil Cannella begins his interview with H. David Kotz, former Inspector General of the SEC, by asking Mr. Kotz how he feels he will look back on his time with the SEC, and if he will feel there was more he could have done. Mr. Kotz responds candidly to the incisive line of questioning by discussing some of his efforts at the SEC. He reveals to Phil Cannella that if, upon his departure, he could look back and not have done Read More +

Phil Cannella Hits Out at Variable Annuities – Phil Cannella News

Phil Cannella shows his dislike of variable annuities Phil Cannella – Phillip Cannella News: Phil Cannella shows his dislike of variable annuities very plainly and he is far from alone in the mindset that these financial vehicles are just wrong for the average retiree. It is quite unfortunate the all annuities are often lumped together as “bad” when there are some annuities – not the variable ones – which can be right for some consumers as Phil Cannella readily points out in his educational programs. Phil Cannella Read More +

Phillip Cannella News: Phil Cannella Speaks of an Imminent Crash

Phil Cannella – Phillip Cannella News: Phil Cannella, like other renowned economists, is predicting another market crash in the not too distant future. In these words, Phil Cannella says, “Historically, the markets in this country haven’t increased for more than five years consecutively.  The exception came in the 1990s, a decade that enjoyed nine years of off the chart climbs.  Billions of dollars were poured into the technology sector and anything dot-com, much to the delight of countless visionaries and their shareholders.  Prosperity, however, has the Read More +

Phillip Cannella News: Phil Cannella Begs You To get Your Accounts Out of Risk

Phil Cannella – Phillip Cannella News: Phil Cannella Phil Cannella is very strong-minded when he urges those in or approaching retirement on getting their accounts out of risk. As Phil Cannella puts it himself: “So, what does it mean when I tell you to take your accounts out of risk? 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 a position where their value won’t decrease or your Read More +

Phillip Cannella News: Phil Cannella a Champion for Seniors

Phil Cannella – Phillip Cannella News: Phil Cannella has made it a deep concern of his to provide retirement advice to those in and approaching retirement. The groundwork for this factually started 40 years ago when the then young Phil Cannella experienced a major life change when his grandpa was suddenly in the need of nursing home care and the family had to bond together to pay the bills. Phil Cannella sought out a solution back then to this troubling situation which plagued families across the United Read More +

Phillip Cannella News: Phil Cannella Answers the Question: What Are the Advantages of Investing During the Accumulation Phase?

Phil Cannella – Phillip Cannella News: Phil Cannella has spent his life teaching American retirees how to protect their nest egg. It’s especially important to him since he watched his grand pop work his whole life to save for retirement only to have it drained shortly after he retired and had a stroke. His family’s story is not uncommon, but he has set out to ensure it doesn’t happen to so many Americans.   In his book, Crash Proof Retirement: The Planning Isn’t Over, Phil Cannella explains Read More +

Phillip Cannella News: Phil Cannella Supports Client-Driven Annuities

Phil Cannella – Phillip Cannella News: Phil Cannella recognizes a clear distinction between client driven financial products and advisor driven ones. As Phil Cannella explains it, the client driven ones are designed for the clients best interests whereas the advisor driven ones usually center around what would pay the highest commission to the advisor. While Phil Cannella far from supports most annuities, there are some he recognizes that are of benefit to the consumer and these should be included in a financial plan for a retiree where Read More +

Phillip Cannella News: Phil Cannella Provides the Answers You Seek About Retirement

Phil Cannella – Phillip Cannella News: Phil Cannella has devoted his life to helping American retirees safeguard their nest egg, 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. We’ve compiled some of the questions he is asked most often below.   How do I keep up with inflation? Unfortunately, many retirees struggle to get by, much less maintain the standard of living they are used to due to rising inflation rates Read More +

Phillip Cannella News: Phil Cannella Defines the Accumulation Phase

Phil Cannella – Phillip Cannella News: Phil Cannella points out a sharp difference between the two very general phases of one’s financial life. First there is the Accumulation Phase which is, as explained by Phil Cannella: “During the Accumulation Phase, you work, save and invest for your retirement.  That’s it – that’s the Accumulation Phase.  You invest your savings in such a way that they (hopefully) grow into a sizable nest egg by the time you’re ready to retire.” That is exactly what you should be striving Read More +

Phillip Cannella News: Phil Cannella The Financial Lifesaver

Phil Cannella – Phillip Cannella News: Phil Cannella isn’t viewed as a financial professional, but rather a financial lifesaver. Imagine you were at the beach and someone were drowning as the waves came up and down, beating down on them. Out jumps the lifeguard and brings the person to safety, to the secure footing known as the shore and provide whatever medical actions that may be necessary to ensure his or her survival. This is much like Phil Cannella’s Crash Proof Retirement System™. You don’t want to Read More +

Phillip Cannella News: Phil Cannella Warns of the Harsh Reality Facing the American Retiree

Phil Cannella – Phillip Cannella News: Phil Cannella  Phil Cannella discusses the difference between the accumulation phase of one’s life and the retirement phase. As Phil Cannella shows us, the accumulation phase of one’s life is when one is accumulating wealth. Let’s consider this the years that begin when we leave college in our early 20s for some and even earlier for others. In contrast to that is the retirement phase, which Phil Cannella points out is that portion of one’s life when one stops working Read More +

Phillip Cannella News: Phil Cannella Looking Out for Our Seniors

Phil Cannella – Phillip Cannella News: Phil Cannella is not alone in helping our seniors in many different ways, but he is quite unique in the amount of good work that speaks to his accomplishments in this arena. For Phil Cannella it has been all about helping others his entire life. While we have heard much about his recent contributions to the Children’s Hospital of Philadelphia and the large contributions he has made to helping our future generations, we should not forget the contributions he has made Read More +

Phil Cannella Interviews the Inspector General of the SEC

Phil Cannella – Phillip Cannella News: Phil Cannella delivers another insightful clip on Phil Cannella’s Crash Proof Retirement Show®, helping listeners gain deeper insight into the Securities and Exchange Commission’s inner workings. In this clip taken from the two-hour interview, Phil Cannella prompts H. David Kotz, the then Inspector General of the SEC, to reveal their biggest challenge when it comes to policing the very agency that has a duty of policing the financial industry. In Kotz’s opinion, management is always a challenge for the federal Read More +

Phil Cannella News: Phil Cannella Interviews Andrew Huszar: An Inside Look at Quantitative Easing

Phil Cannella – Phillip Cannella News: Phil Cannella provides listeners of Phil Cannella’s Crash Proof Retirement Show® with a unique opportunity to gain better perspective of Quantitative Easing in his interview with Professor Andrew Huszar. Not sure where you should stand as you react to the tapering down of the federal government’s $1.2 trillion bond-buying spree? Did the largest economic stimulus in history have any merit? Having worked for the federal government for years and then on Wall Street, Huszar was asked to marry his experience 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 +