Tag Archives: Phil Cannella

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, 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 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 Explains The Importance Of Fiduciary Responsibility

Phil Cannella educates hundreds of Philadelphia-area retirees each week at Crash Proof Retirement educational events. Phil Cannella arms attendees with truth backed up by statistics, charts and taped interviews with some of the most important financial authorities in the United States. But perhaps the most important thing Phil Cannella does at these events is to ask attendees one simple question: “Have you ever heard of a fiduciary responsibility?” Over the year, Phil Cannella has found that many people do not understand the concept of fiduciary 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 +

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 +

Phil Cannella Recalls his Enlightenment Over the Stock Market – Phil Cannella Blog

Phil Cannella • Phillip Cannella Phil Cannella – Phillip Cannella Blog: Phil Cannella often recalls why he got into the business of protecting retirees and helping them secure a safe retirement. Phil Cannella • Phillip Cannella “After my grandpop’s long battle in a nursery home, a time when the rug got pulled from under my family’s feet, I struggled to comprehend how such a prosperous country could leave its seniors and their finances so vulnerable. I didn’t understand why nothing was being done to reduce my 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 +

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 Reveals Which One You Want: Client-Driven vs. Broker-Driven Accounts – Phil Cannella Blog

Phil Cannella, investigative reporter and founder of Retirement Media, Inc, helps his readers understand the difference between the two types of financial accounts available to retired people so that they can better protect their nest egg. The options are broker-driven and client-driven financial accounts. Broker-Driven Financial Vehicle Broker-driven financial vehicles are the products that financial advisors endorse, recommend, direct and protect to no end. Phil Cannella points out that financial advisors and brokerage firms only prefer these products because they collect ongoing fees and commissions 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 Says Retirement is When the Real Journey Begins – Phil Cannella Blog

Phil Cannella stresses how to plan Phil Cannella – Phillip Cannella Blog: Phil Cannella stresses that you have to have a plan, a guide to take you through your retirement, financial speaking. This is why Phil Cannella makes such a great effort to educate those who come to see him on what they can and should expect as they begin this brand new journey. Phil Cannella takes a good look As Phil Cannella points out: “Many American retirees think exactly that at the end of their 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 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 Examines the Financial Journey of Life – Phil Cannella Blog

Phil Cannella and two major phases Phil Cannella – Phillip Cannella Blog: Phil Cannella looks at life in terms of two major phases. The first phase he explains is the Accumulation phase, the second is the Retirement Phase. Let’s break these down a little and see if we can get a little better explanation as to what these are.  Phil Cannella stresses these words According to Phil Cannella: “The first half of your financial journey is the Accumulation Phase. And the second half, well that’s the 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 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 On The Retirement Phase of Life – Phil Cannella Blog

Phil Cannella identifies the difference Phil Cannella – Phillip Cannella News: Phil Cannella identifies the difference between the retirement phase of one’s life and the accumulation phase of one’s life. You see, according to Phil Cannella during your working years you have the ability to make a living and if you lose money for various reasons including losses in the stock market, you still have your life ahead of you to make up what you lost. Phil Cannella points out However, as Phil Cannella points out, when 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 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 Observes The Exorbitant Expenses of Nursing Home Care – Phil Cannella Blog

Phil Cannella witnessed effects of nursing home stays Phil Cannella – Phillip Cannella Blog: Phil Cannella witnessed first hand the devastating effects a nursing home stay can have on a family. Stays is a nursing home can be pretty expensive and if one is not prepared for it the costs can wipe out the savings of a family and leave the family in times of great hardship. This is exactly what happened to Phil Cannella at an early age in his life when his grandpa went 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’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 Fondly Remembers the Day His Grandpa Retired – Phil Cannella Blog

Phil Cannella and his good fortune Phil Cannella – Phillip Cannella Blog: Phil Cannella has had the good fortune of seeing what life is like from all aspects. Many of us might take much for granted. College was paid for us, we attended private school, we had a nice house perhaps with a swimming pool in the back when a child, etc. Phil Cannella fondly remembers Phil Cannella did not have these niceties when growing up. His parents moved in with all his siblings into his 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 Reviews – Phil Cannella Gives You a Glimpse of His Life – Phil Cannella Reviews

Phil Cannella Reviews & Complaints Phil Cannella Reviews: Phil Cannella endured some hardships on the way to becoming what he is today. You could say that Phil Cannella lived life through thick and thin and learned real lessons of life and survival at a really early age. Lessons that served to give him a platform he was able to use later on to guide his career. Phil Cannella Complaints & Reviews In Phil Cannella’s own words: “In the early 1960s, I was seven years old and Read More +

Phil Cannella Reviews – Phil Cannella Strives to Pave the Retirement Superhighway for You – Phil Cannella Reviews

Phil Cannella Reviews & Complaints Phil Cannella in his objective of providing a means for every American retiree to live out the American dream wants to put a superhighway in place that anyone can traverse at their own speed, with the vehicles they choose to attain the objectives of their retirement journey. Phil Cannella Complaints & Reviews To quote Phil Cannella: “Learn from the successes and misfortunes [of others] and empower yourself to drive down that retirement superhighway with peace of mind by avoiding the Read More +

Phil Cannella Reviews – Phil Cannella Addresses the Retirement Cycle of Life – Phil Cannella Reviews

Phil Cannella Reviews & Complaints Phil Cannella Reviews: Phil Cannella gives prudent advice regarding retirement. He says: “Retirement is a new cycle of your life, so doesn’t it make sense that your nest egg would enter a new cycle as well? Phil Cannella Complaints & Reviews  Phil Cannella looks at life’s cycles and has examined them in many ways and sheds light from a philosophic angle to give life meaning beyond what might be seen with the naked eye. Phil Cannella explains that as you enter Read More +

Phil Cannella Reviews – Phil Cannella Examines the Cycle of the Economy – Phil Cannella Reviews

Phil Cannella Reviews & Complaints Phil Cannella Reviews: Phil Cannella compares the cycle of the economy to the cycle of life. Phil Cannella explains the cycle of life as a cycle of Spring – a beginning, through summer, fall and winter – an end. And then the cycle begins again. Phil Cannella Complaints & Reviews Phil Cannella says the economy is much the same except that the economy when it goes through it down part of the cycle can wipe out much of the fortune of Read More +

Phil Cannella Reviews – Phil Cannella Gives People Hope – Phil Cannella Reviews

Phil Cannella Reviews & Complaints Phil Cannella Reviews: Phil Cannella says that giving people hope is one of the most valuable things you can do for people. This is what Phil Cannella says: “There is not a better feeling in this life than to give someone hope, whether it be spiritual or financial.” Phil Cannella Complaints & Reviews Phil Cannella has given many both spiritual hope as well as financial hope. We see the spiritual hope extend to his donations to the Children’s Hospital of Philadelphia Read More +