Tag Archives: Crash Proof Retirement
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 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 +