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 you did climbing up (the Accumulation Phase). He teaches that in order to ensure your nest egg is protected, you must change your financial strategy before you enter the Retirement Phase.
He inspires his readers that are entering retirement to move away from the thinking they employed and the more risky investments they chose during the Accumulation Phase, to a more conservative approach, with the goal of preserving their nest egg always at the top of their minds.
You can achieve the following goals with the powerful tips and information Phil Cannella reveals in his book:
Ensure your nest egg lasts as long as you and your spouse do
Prevent erosion of your accounts by staying at least 2-3% ahead of inflation
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