Phil Cannella and Joann Small used this week’s episode of the Crash Proof Retirement Show to break down the many faces of risk, and how the life insurance industry is designed to help the everyday investor.
Phil Cannella likes to refer to the insurance industry as ‘the brickhouse industry’ due to its safety in any type of economic storm. Cannella discussed the 4,000 Crash Proof consumers who successfully protected their nest egg with the exclusive Crash Proof Retirement System.
“I am here to tell you that it’s not too good to be true,” said Phil Cannella. “Our consumers can sleep at night and enjoy peace of mind that the recess of their years should bring to all of us. They are no longer worried about losing their retirement savings or even having an unsecure retirement future. The Crash Proof Retirement vehicles are not securities.”
There’s no question that today’s retirees face financial risk in many forms. For starters, there’s the risk of losing your principal in the stock market. From there, people in or near retirement must remain aware of accounts accumulating too many taxes and market fees.
It’s not too big a stretch of the imagination to understand why most retirees are not in a position to tolerate the many risks that come with investing in securities today. That’s especially true when people enter the draw-down phase, the second half of their financial lives.
As Phil Cannella often states, your financial future is like a football game: it’s important to play well in the first half (or accumulation phase)—but games are won or lost in the second half, just as your ultimate experience in retirement won’t be determined until you’ve entered that draw-down phase.
There are far too many enemies coming at you during retirement for you to leave yourself vulnerable by not seeking the right financial vehicle and the right retirement specialist.
Tune in to The Crash Proof Retirement Show every Saturday at 11 a.m. on Philadelphia’s number-one talk station, Talk Radio 1210 WPHT-AM. Listen as hosts Phil Cannella and Joann Small report on the pressing issues and news that affect your retirement.