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 why investing in securities during the Accumulation Phase has immense advantages over investing during the Retirement Phase.
1. In the Accumulation Phase, you have a working paycheck that keeps up with inflation, while most retirees don’t.
2. When the stock markets fall or crash, you can buy low in the Accumulation Phase since you have a working paycheck that is keeping up with the inflation rate. Buying stocks during the Retirement Phase is typically not possible with such a small income.
3. In the Accumulation Phase, you have time on your side so you can wait for your investments to grow your portfolio back from a market downturn.
Weathering any stock market storm takes a sustained period of time, cost averaging (buying when the markets are down), and an income that keeps up with inflation rates.
Phil Cannella helps American retirees plan ahead so that they don’t lose the framework they set up during the Accumulation Phase. Learn more by visiting Phil Cannella’s blog or listening to his Crash Proof Retirement Show® on 1210 WPHT CBS Radio..
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