Tag Archives: Phillip Cannella
Phil Cannella Answers the Question “What is a Crash Proof Retirement?” – Phil Cannella Media
Phil Cannella – Phillip Cannella Media: Phil Cannella recognized, in the wake of the last two major stock market crashes of the 21st century, that the industry was in the need of a system that could protect the wealth of senior citizens so that they could truly enjoy their golden years as they always wished they could. To this end, Phil Cannella explored the options available for seniors and devised a system that does exactly that. As Phil Cannella explains, Crash Proof Retirement™ is a new Read More +
Phil Cannella Says Mitigate Your Portfolio Risk – Phil Cannella Blog
Phil Cannella – Phillip Cannella Blog: Phil Cannella says that there is a very basic formula you can follow in order to mitigate risk in your portfolio. As Phil Cannella explains, it will not Crash Proof your investment accounts completely but it will reduce your exposure to risk for sure. The formula is popularly known as the rule of 100. As Phil Cannella explains it the formula goes like this: “100 – YOUR CURRENT AGE = % OF RECOMMENDED RISK. According to the rule, at 80 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 Media: Phil Cannella Looks for a Solution to the Cost of Long Term Care
Phil Cannella – Phillip Cannella Media: Phil Cannella has been in the business of long term care for seniors for almost 40 years now. The factors that led him to this line of work were very personal indeed and stemmed from a situation that had affected his family in the early years of his life. Phil Cannella was not born to riches but rather had to struggle for survival. It was his grandfather who was hit just months after retiring with the need for nursing home care. 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 Blog: Phil Cannella Compares CDs to Annuities
Phil Cannella – Phillip Cannella Blog: Phil Cannella, in the course of his research, recognized that a CD offers safety. It certainly does and is even insured up to $250,000 by the FDIC. However, there is more here than meets the eye and Phil Cannella is quick to educate the consumer on some key differences. For example, as Phil Cannella explains, with a fixed annuity, every year, you can access 10% of the accumulated balance – in other words, the principal plus the gains or the Read More +
Phillip Cannella Media: Phil Cannella Says Strengthen the Position of Your “Harvest”
Phil Cannella – Phillip Cannella Media: Phil Cannella explains in his book, Crash Proof Retirement, The Planning Isn’t Over, that the harvest part of your life is that portion of your life when you can and should be enjoying the fruits of your many years of labor in the work-force. The “harvest” is your takings after plowing the lands working for years to save up for retirement and head into your Golden Years. To that end, Phil Cannella says, “Take action to strengthen the position of your 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 Blog: Phil Cannella Discusses the Merits of a Stretch IRA
Phil Cannella – Phillip Cannella Blog: Phil Cannella, in his prowess as the consummate financial advisor, understands the nuances of IRAs and the various ways to leverage them to the benefit of your client’s goals. Phil Cannella has undergone extensive training on IRAs and the various retirement accounts and financial vehicles available to seniors. As a result he has become one of the foremost wanted and desired advisors for retirees throughout the tri-state area. Phil Cannella shares some of his wisdom in discussing a Stretch IRA. Read More +
Phillip Cannella Media: Phil Cannella Discusses Roth Restrictions
Phil Cannella – Phillip Cannella Media: Phil Cannella is very knowledgeable in the field of retirement planning having helped seniors in various ways for almost 40 years now. A key aspect of Phil Cannella’s educational program is teaching the merits of a Roth conversion and how it could benefit the individual consumer. Phil Cannella gives us the two rules for a Roth to become completely tax-free and these are: “Once you convert your IRA to a Roth, you must satisfy two rules for it to become tax-free. 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 Blog: Phil Cannella Educates Americans about Long Term Care Insurance
Phil Cannella – Phillip Cannella Blog: Phil Cannella educates Americans about using long term care insurance to ensure the protection of the nest egg they have worked so hard for. Following a health catastrophe that drained his grand pop’s retirement fund shortly after he retired, Phil Cannella dug deep and discovered that the insurance industry has several good policies and many not-so-good policies. He suggests each retiree acquire a long term care policy that will cover extended nursing home stays and home care. With the right Read More +
Phillip Cannella Media: Phil Cannella Reveals How to Flex Different Financial Muscles As You Move Into Retirement
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 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 Blog: Phil Cannella Delineates the Positive Characteristics of an Immediate Annuity
Phil Cannella – Phillip Cannella Blog: Phil Cannella will tell you that one has to look under the cover to see if the product one is buying is any good. This same concept applies to insurance products as Phil Cannella very aptly puts it. In looking at immediate annuities, Phil Cannella identified some of the key characteristics that make an immediate annuity advantageous to seniors. These are enumerated by Phil Cannella as follows: “1) Guaranteed – Provides a steady, secure income stream for a stated time period Read More +
Phillip Cannella Media: Phil Cannella Explains an Immediate Annuity
Phil Cannella – Phillip Cannella Media: Phil Cannella understands the different types of insurance products available on the market and which ones are specifically geared to people in their retired years. It is because of this shrewd understanding that Phil Cannella is so successful in crash proofing the nest eggs of seniors. Phil Cannella explains what an Immediate Annuity is in a very succinct fashion as follows: “An immediate annuity is known as an ‘income annuity’ for a reason. It’s one of only two guaranteed income instruments 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 Media: Phil Cannella Reveals the Answers to What Retirees Fear Most
Phil Cannella – Phillip Cannella Media: Phil Cannella is on a mission to help retirees live the American dream by retiring comfortably and securely. Many people seek him out for answers to the questions they fear most. We’ve listed some of those questions along with Phil’s answers for you below. Will I outlive my financial accounts? While you can calculate how much money you’ll need to live on when you retire, you can’t calculate how long you will live. Without safeguarding your nest egg, it is Read More +
Phillip Cannella Blog: Phil Cannella Helps American’s Protect Their Nest Egg From Catastrophic Health Issues
Phil Cannella – Phillip Cannella Blog: Phil Cannella knows first hand the devastation a sudden health issue can cause on a family’s retirement savings. That’s why he has devoted his life to helping American retirees safeguard their nest eggs. He answers the most popular questions below about health and retirement. What will happen to my nest egg if I get sick? Don’t make your nest egg pay for costly health conditions in your senior years. Every retiree needs the proper health insurance policy to assist with costly 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 Media:Phil Cannella Says “Take Your Nest Egg Out of Risk”
Phil Cannella – Phillip Cannella Media: Phil Cannella has some very emphatic words to give all retirees as they move into the retirement phase of their lives. It is right here when Phil Cannella urges you to get out of risk in order to prevent your nest egg from eroding. Phil Cannella explains what he means by this very aptly, “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 Read More +
Phillip Cannella Blog: Phil Cannella on the Erosion of Your Nest Egg
Phil Cannella – Phillip Cannella Blog: Phil Cannella warns seniors to beware of the erosion that your nest egg is subjected to day in and day out when one is invested on the market. Phil Cannella explains that when one is invested in mutual funds and like products and vehicles, one pays the fund manager a management fee regardless of the performance of the vehicle. There are not a lot of industries when the client pays a professional for not getting the expected result, but then again 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 Media: Phil Cannella Speaks About Integrity
Phil Cannella – Phillip Cannella Media: Phil Cannella discusses yet another philosophical topic, in this case integrity. Integrity is like ethics, it an element that makes each of us so different in this world. Some people possess integrity, others lack it. Phil Cannella explains that a financial professional needs to have a level of integrity above and beyond most professions, for they are dealing with a subject so important to the survival of a person. If you don’t act in the client’s best interests he could lose Read More +
Phil Cannella – Phillip Cannella Blog: Phil Cannella Ponders Honesty versus Dishonesty
Phil Cannella – Phillip Cannella Blog: Phil Cannella questions the integrity and morals of those financial advisors who are dishonest or less than honest with the consumer. Shakespeare wrote, “to be or not to be that is the question.” I can see Phil Cannella saying, “to be honest or not to be honest, that is the question.” Phil Cannella comments on the integrity of the financial services industry and says that it is a sad commentary that the industry has such a poor reputation as a result 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 Blog: Phil Cannella Comments on the Golden Years of One’s Life
Phil Cannella – Phillip Cannella Blog: Phil Cannella is driven by a passion to see the American retiree enjoy his or her retirement. The only way he or she can do that, says Phil Cannella, is that if the money they have been saving through their working years is protected and safeguarded against market risk. Phil Cannella explains, “As Americans we have been trained to regard retirement as the final financial milestone – a rewarding experience often spent on extended vacations, quality time with grandchildren and experiencing Read More +
Phillip Cannella Media: Phil Cannella Says Don’t Let a Locust Eat Your Financial Crops
Phil Cannella – Phillip Cannella Media: Phil Cannella is sharp to point out that financial predators, those with vested interests who are in a position to manipulate the markets through market crashes, can wipe out much of your nest egg in one short breath. This is why Phil Cannella urges us to look outside the box and instead at products that can secure us a safe retirement. Phil Cannella likens this to a locust devastating a crop; “In theory, retirement can be regarded as one’s harvest years. Read More +
Phillip Cannella Media: Phil Cannella Explores Solutions to Our Aging Senior Population
Phil Cannella – Phillip Cannella Media: Phil Cannella sought, from an early age, to find a solution to pandemic that is affecting millions of Americans every year. At an early age of his life, Phil Cannella witnessed his family struggling with burgeoning nursing home bills when his grandpa had to go into a nursing home just months after he finally retired. This situation has become common in America, as our civilization ages yet the need for low cost care becomes greater and greater. When a child is Read More +
Phillip Cannella Blogs: Phil Cannella Has The Hallmarks of a True Humanitarian
Phil Cannella – Phillip Cannella Blogs: Phil Cannella, since a very early age in his life, has made it his business to provide succor to those in need. A humanitarian can be defined as one who seeks to promote human welfare. A brief look at Phil Cannella’s life demonstrates that he possesses many such sterling qualities. First of all, let’s take a brief look at Phil Cannella’s almost 40 years in the insurance industry dedicated to helping seniors at every turn. Beginning with his foray into 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 Media: Phil Cannella Interviews Kotz on the SEC’s 77 Years of Ineffectiveness
Phil Cannella – Phillip Cannella Media: Phil Cannella’s insight and boldness gives Phil Cannella the ability to extract the freshest and most revealing information from the guests on Phil Cannella’s Crash Proof Retirement Show®. Nothing could be closer to the truth in this clip taken from his hard-hitting two-hour interview with H. David Kotz, the then Inspector General of the Securities and Exchange Commission (SEC), as they converse about the ineffectiveness of their regulation efforts. In Phil Cannella’s research, he discovered that over the last 77 Read More +
Phil Cannella Blog: Phil Cannella Interviews Best-Selling Author Harry Dent
Phil Cannella – Phillip Cannella Blog: Phil Cannella provides another insightful interview, this time with best-selling author and renowned economic forecaster, Harry Dent, to educate America about healthy retirement strategies. Phil Cannella and Harry Dent are a unique combination to listen to, providing listeners with a revealing glimpse into our 2014 economic forecast. Phil Cannella knows what to ask, pulling out of Harry Dent the reasons why he feels 2014-2015 is the next big danger period for the economy. With insights into how to protect your 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 Media: Phil Cannella Gets Answers from Former Federal Reserve Manager
Phil Cannella – Phillip Cannella Media: Phil Cannella delivers another compelling and informative interview that gets to the bottom of why former Federal Reserve Manager, Andrew Huszar, wrote in an Op-Ed in the Wall Street Journal, “I can only say: I’m sorry America.” As the quarterback of Quantitative Easing, which is the Fed’s attempt at the largest economic stimulus in history, Andrew Huszar managed the $1.25 trillion bond purchasing program. While he respects the Feds and thinks they mean well, he speaks against the negative results 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 +
