Category Archives: Phil Cannella Blog

Should You Downsize After Retirement?

You don’t have to be told that Americans today are not saving enough for retirement.  If you haven’t started saving for retirement, here are some quick rules to remember to get you started. Try to save eight times your salary or use the 4% rule.  When you’re preparing for retirement keep in mind that you have to still pay bills and as I’m sure you already know bills can add up quickly. When you are newly retired, it can be very beneficial to reduce your Read More +

How Crash Proof Retirement can help Prevent you from Outliving your Retirement Nest-Egg.

More and more Americans these days are approaching retirement faster and faster. Americans are not only retiring, but they’re also living a lot longer past retirement. While decades ago it wasn’t common for individuals to live to 80-85 years old, it’s definitely commonplace now. As a result, employees will now have to share more of their income to support retirees. With these facts, there are three big life-improving steps that can really help boomers these days. One way to lighten the weight of finances is Read More +

Phil Cannella uses Crash Proof System to prevent catastrophic losses

Phil Cannella educates investors on the exclusive Crash Proof Retirement System and how to avoid losses in or near retirement. At Crash Proof Retirement educational events, Phil Cannella addresses standing-room only crowds with this surprising question: “Who would have loved to earn 0% in 2008? The Crash Proof Retirement System is designed so that when the market goes up, you go up, but when the market goes down, you stay even.” Sounds crazy, right? Why would anybody be happy with making 0%? But when the Read More +

Phil Cannella Protects Retirees Through The Insurance Industry

Phil Cannella has spent his career teaching everyday Americans that in retirement, you don’t want to take chances. You don’t want volatility, you want stability. You want guarantees and peace of mind. That’s why Phil Cannella, the creator of the exclusive Crash Proof Retirement System, and Joann Small, the CEO of First Senior Financial Group-(home of the proprietary Crash Proof Retirement System) like to point out that the choice is simple—avoid risk investments, and the industry that houses them, like the plague in your retirement Read More +

Phil Cannella Ends Competitor’s Civil Conspiracy

When it comes to standing up for the American retiree, Phil Cannella is in the trenches helping seniors and retirees as they face the daunting task of navigating their retirement during tough and tumultuous financial times. 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 have an ill effect on their retirement. Phil first did this with long term care whereby he aided seniors Read More +

Phil Cannella: IRA Expert and Endorsed by Ed Slott

Phil Cannella is known the world over as a true IRA expert. As a Master IRA Advisor Phil Cannella has studied exhaustively to understand the nuances of the financial world when it comes to people’s IRA accounts, IRA regulations and how to help people with their retirement planning. Ed Slott is one of the nation’s most acclaimed leaders in the field of IRAs. Ed Slott was named “The Best Source for IRA Advice” by the Wall Street Journal and called “America’s IRA Expert” by Mutual Read More +

Phil Cannella Makes Retirement Goals Come True

Phil Cannella -Creator of the exclusive & proprietary Crash Proof Retirement System gives prudent advice regarding retirement in this way: “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?” He further explains that as you enter retirement you are entering a new part of the cycle of life. This is perhaps the final cycle of your life, the one you dreamed you would be able to do all those things Read More +

Phil Cannella Warns about Risks of Mutual Funds

Phil Cannella has made it part of his mission to expose the truth about Mutual Funds and the hidden fees and risks inherent in these types of investment vehicles. He makes the point that there are so many fees over and above the ones that are made obvious to the general public. When you go on Morningstar and you type in the ticker symbol for most mutual funds you will probably see that the fees range from 0.7% to 1.5%. Believing that that is the Read More +

Phil Cannella: Advocate for People In or Near Retirement

Phil Cannella works day in and day out to provide people in or near retired years with a safer and more secure retirement. This occurs in a multitude of different ways. For many years now Phil Cannella has been hosting the Crash Proof Retirement Show on Talk radio 1210-WPHT of CBS Philadelphia. Unlike many presenters who are paid to speak, Phil Cannella is paid programming, I order to impart truth and wisdom to his listeners every week. The information delivered on the radio show consists Read More +

Phil Cannella Examines Liabilities in U.S. Economy

Phil Cannella is consistently examining the underlying performance mechanisms of the American economy so that he can provide the best and most sound financial and retirement advice to the millions of people who attend Crash Proof Retirement Educational Events every year, and listen to the Crash Proof Retirement Show on radio each week. Phil sheds light on weaknesses in the economy that are deeply troubling and should be a concern for all Americans, and most especially retirees. If we take a look at a key Read More +

Consumers Praise Phil Cannella & Crash Proof Retirement System

Phil Cannella is one of the leading lights in the retirement services industry. While many financial advisors come and go, Phil Cannella has remained at the top of his game because he is a true consumer advocate and always strives to do the best for his clients and to protect them and their assets. Phil Cannella is looking out selflessly for the best interests of the individuals or couples who come through his doors. It’s called having a fiduciary responsibility to put his client’s interests Read More +

Phil Cannella Changes Retirement for the Better

In the 1970s, Phil Cannella was a pioneer in developing “long-term care insurance” which many years ago was referred to as “Nursing Home Insurance.” Phil Cannella made his career choice as a result of seeing first-hand what could happen to a family if someone needed nursing home care but couldn’t afford it. This is precisely what happened to Phil’s grandfather when Phil was a young man, and that experience had a lasting effect on a young Phil Cannella who recognized that he could offer real Read More +

Phil Cannella Warns of Impending Market Risk

For a couple of years now, Phil Cannella has urged American retirees to wake up to the fact that the American economy has been artificially inflated through a multi-trillion dollar Quantitative Easing program the likes of which this country has never seen in its entire history. Quantitative Easing injected trillions of dollars into the economy leading the stock market to new highs month after month for the last couple of years, yet the underlying economy lacked the real growth that would and should accompany such Read More +

Phil Cannella on Annuities

Insurance-based investments are those in which are issued or underwritten by an insurance company. Mainly annuities or life insurance products. Like any other investment vehicle you should always consider a couple of factors before readily allocating funds. Some important factors include the types of products, the pros and cons of each, and your personal goals for retirement. How well do these vehicles match your goals? Along with these factors you should also consider the strength and quality of the issuing insurance company. That’s why it’s Read More +

Phil Cannella Advises Retirees To Avoid Risk In Retired Years

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 Read More +

Phil Cannella Explains The Brickhouse Industry

Phil Cannella Educates Investors On Safe Alternatives For almost 40 years, Phil Cannella has been teaching everyday Americans that when it comes to your retirement, you don’t want to take chances. You don’t want volatility, you want stability. You want guarantees and peace of mind. That’s why, as Phil Cannella and his co-host Joann Small pointed out on a recent edition of The Crash Proof Retirement Show, the choice is simple—avoid risk investments, and the industry that houses them, like the plague in your retirement years. Read More +

Phil Cannella Testimonial: Catherine Hayes

Phil Cannella Provides A Crash Proof Education The Crash Proof Retirement System, created by Phil Cannella, has helped thousands of people to secure their retirement futures. The most recent example is Catherine Hayes of Williamstown, N.J. When Catherine’s husband passed away several years ago, she faced the worst nightmare of most widows—she was all alone with the family finances and had no experience in handling such matters. Catherine’s husband had handled all the financial matters—as is the case with so many married couples of Catherine’s Read More +

Phil Cannella’s Crash Proof Retirement System: Dom and Linda Magazu

One of the most recent success stories belonging to Phil Cannella’s Crash Proof Retirement System is that of Dom and Linda Magazu of Gibbstown, N.J., who are the subjects of this week’s Crash Proof Retirement Spotlight. Years before coming to Crash Proof Retirement, the Magazus were courted by a securities advisor—with disastrous results. “We went with a firm that turned out to be a complete fraud,” lamented Dom Magazu. “They got us to turn over all of our funds to them… and then we never Read More +

Phil Cannella Finds His Calling In Crash Proof Retirement System

Phil Cannella Builds From A Lifetime of Experience As early as age 21, Phil Cannella devoted himself to improving the retirement culture of our great country. He spent his entire career working to protect and defend this country’s senior citizens from the unforeseen obstacles that await them in retirement. In fact, 2015 marks Phil Cannella’s 40th year as a senior advocate and Retirement Phase Expert. But it wasn’t until the early 2000s that Phil Cannella found his true mission and calling in the form of Read More +

Phil Cannella Cautions Consumers On Growing Debt Crisis

On the most recent edition of The Crash Proof Retirement Show, Phil Cannella discussed the growing problem of margin debt in our country—and what makes this increase so dangerous to investors. Cannella explained the debt cycle and how it tends to predict impending market corrections or crashes. Last week, Business Insider reported the final numbers from April—when margin debt reached $500 billion for the first time in history. Aside from being an all-time record, that figure also means that margin debt has now reached a Read More +

Phil Cannella Provides A Crash Proof Retirement For Dr. Ken Smith

When Phil Cannella created the Crash Proof Retirement System, he did so to protect the nest eggs of hard-working, decent people who, through no fault of their own, were taken in by a sneaky Wall Street-style sales pitch. In other words, someone like Dr. Ken Smith. Dr. Smith works as a dentist and has had a Crash Proof Retirement for the past five years. As you can imagine, working as a dentist requires a fiduciary responsibility, meaning that Dr. Smith puts his patients’ needs before Read More +

Phil Cannella Gets His Start As A Consumer Advocate

Phil Cannella’s Journey To Starting Crash Proof Retirement Phil Cannella started Crash Proof Retirement on a platform of truth, logic and consumer advocacy. Along the way, he’s protected the nest eggs of more than 4,000 American retirees. But the journey began as a way to remember his grandfather, whose own retirement was taken away by a sudden illness. Phil Cannella’s career got its start after the untimely passing of his grandfather following a massive stroke. Phil’s grandfather had retired shortly before his stroke, but the Read More +

Phil Cannella and Joann Small Discuss Safe, Insurance-Based Investment Alternatives

Phil Cannella and Joann Small’s Crash Proof Retirement Show Phil Cannella, founder of the Crash Proof Retirement System, likes to view different financial industries as ‘houses’—establishments in which you’ve chosen for your nest egg to ‘live,’ so to speak, until you enter the retirement phase of life. There’s the ‘stickhouse industry’—otherwise known as Wall Street. Corruption, risk and conflicts of interest could cause your house to fall apart and collapse at any moment and leave you ‘homeless’, financially speaking. Next is the banking profession, or Read More +

Phil Cannella Provides A Crash Proof Retirement For Stephen and Sandy Desirey

Phil Cannella has offered thousands of consumers in the Philadelphia area security and peace of mind in retirement. Today, we take a closer look at Stephen and Sandy Desirey of Skippack, Pa. Stephen Desirey, a retired chemical engineer, and his wife Sandy heard about the Crash Proof Retirement System back in 2010. Unhappy with the advisor they had at the time, the Desireys decided it was time for a change. Stephen and Sandy knew they wanted to find a way to invest their money without Read More +

Phil Cannella Demands The Truth From Colleagues and Competitors

Phil Cannella has developed a well-earned reputation for his commitment to the truth—and he demands the same from those he deals with in business. In the wake of the Great Recession of 2008, Phil Cannella founded The Crash Proof Retirement Show, heard on Talk Radio 1210 WPHT each weekend. The show started to further Phil’s mission of bringing Truth to the American Retiree. This was accomplished through news, research and honest analysis from Phil Cannella himself. But in July 2011, the mission reached a new Read More +

Phil Cannella Conducts Crash Proof Retirement Symphony

What makes Phil Cannella’s Crash Proof Retirement System special? Phil Cannella says the secret lies in the carefully crafted, finely-tuned arrangement of Crash Proof vehicles. Each individual’s specific Crash Proof Retirement plan is comprised of multiple financial vehicles that, when placed together in the Crash Proof Retirement melting pot, yields a well-protected, risk-proof nest egg. “The best way I can explain it is to compare it to a symphony orchestra,” explained Cannella. “Like musical instruments, all financial instruments have principles that they will follow to Read More +

Phil Cannella asks; Are securities Good or Bad for Seniors – Phil Cannella Blog

Phil Cannella • Phillip Cannella Phil Cannella – Phillip Cannella Blog: A few years back Phil Cannella self-published a book to give it away at educational events. In that book he wrote, quote, “Through history, securities have proven that if you’re on the stock market for 20 or 30 years, you’ll come out ahead. So if you’re in the beginning or middle of the accumulation phase, you have nothing to worry about. Just hunker down and ride it out because history points to a rosy future.” Read More +

Phil Cannella Explains the Roth Conversion – Phil Cannella Blog

Phil Cannella is a big advocate for the Roth conversion, and we’ll sum up why in this article. An IRS law that was established in 1998, the Roth conversion allows you to convert any IRA into a financial instrument that will grow tax-free. This law, which most people don’t even know about, is what will save you from tax-infestation, allowing you to outlive your nest egg. To convert a tax-deferred account into a tax-free account, you will have to pay the taxes that are due Read More +

Phil Cannella’s Role as a Defender Started Early in Life – Phil Cannella Blog

Phil Cannella, a young boy Phil Cannella – Phillip Cannella Blog: Phil Cannella, as a young boy going through school, was not without difficulties. With his mind already racing far ahead of his classmates he didn’t always fit the mold his teachers wanted him to squeeze into. As Phil Cannella puts it: “What do you do with the little ADHD boy that’s disturbing the rest of the class?”  Phil Cannella’s desk in the hallway By second grade, young Phil Cannella’s desk made it to the hallway. Read More +

Phil Cannella Explains Tax-Deferred vs. Tax-Free – Phil Cannella Blog

Phil Cannella considers the pros and cons Phil Cannella – Phillip Cannella Blog: Phil Cannella urges each of us to consider the pros and cons of tax-deferred growth versus tax-free growth in our retirement accounts. Phil Cannella explains This is how Phil Cannella explains it: “There’s a big difference between tax-deferred and tax-free and it translates to thousands of dollars in your pocket over your retirement. A tax-deferred account is one that you feed with pre-tax dollars and that grows without taxes being paid on the accumulation.  As Read More +

Phil Cannella on Risk Exposure – Phil Cannella Blog

Phil Cannella – Phillip Cannella Blog: Phil Cannella has some strong views on the way a retiree should approach this exposure to risk. We hear all too often that even if the market crashes you have to wait it out long enough and the markets will eventually recover. Phil Cannella says that that theory is workable so long as you are young enough to ride it out that long. If you’re in retirement you might not be, you may be depending on those assets to live Read More +

Phillip Cannella Blog: Phil Cannella Asks if Your are Proofed Against Longevity Risk

Phil Cannella – Phillip Cannella Blog: Phil Cannella makes a point when he says that one of the unknowns we face as we go into retirement is that we don’t know how long we are going to live. If we only knew how long we would live then we could predict and plan for various eventualities. For example, as Phil Cannella explains, if you know you’ll live to 85 then you can predict how much money you will need between then and now. There is little use Read More +

Phillip Cannella Blog: Phil Cannella Explains How RMD’s are Calculated

Phil Cannella – Phillip Cannella Blog: Phil Cannella answers a question often posed by consumers which is how is it determined how much of one’s account is subject to a required minimum distribution (RMD). Phil Cannella says this is an important question for anyone hitting retirement needs to know for penalties are assessed if one fails to meet the guidelines. The IRS wants its money, the money it has let you grow all these years tax-deferred and it is going to come and get it! In the Read More +

Phillip Cannella Blog: Phil Cannella Discusses Annuities

Phil Cannella – Phillip Cannella Blog: Phil Cannella makes is views on the subject of annuities very well known. Frankly, almost every financial advisor has an opinion about annuities, some say they are the worst products around, others seem to worship them. Phil Cannella also has an opinion, but his is steeped in real knowledge and familiarity with seniors and what products and services within the financial arena is right for them. Phil Cannella speaks candidly on this subject: “There’s a heap of bad press surrounding annuities. Read More +

Phillip Cannella Blog: Phil Cannella, A Man With a Crusade

Phil Cannella – Phillip Cannella Blog: Phil Cannella undoubtedly has a crusade in life, one which is set on bringing about reform on Wall Street where day in and day out the everyday investor is being taken advantage of by some vested interest or another. Phil Cannella disagrees with the fact that big banks such as Goldman Sachs can get away with fleecing investors to the tune of 1 billion dollars yet only be fined half the amount, 500 million dollars. In other words, as Phil Cannella Read More +

Phillip Cannella Blog: Phil Cannella Asks, Should You Really Feel Secure When You Retire?

Phil Cannella – Phillip Cannella Blog: Phil Cannella challenges you to the following question: When you retire, you should be able to reap what you have sown during the rest of your life, right? Retirement should be a time when we can live comfortably off of the money we have labored so hard to attain throughout the majority of our lives. It’s when we should enjoy “the golden years,” after having accomplished a huge feat. But look around you – Is that what you see happening?   Read More +

Phillip Cannella Blog: Phil Cannella Examines The Difficulties in Retirement

Phil Cannella – Phillip Cannella Blog: Phil Cannella has been working with seniors in one fashion or another for almost 40 years now and could well be termed a Senior Advocate. His concerns for the wellbeing of seniors began in his early twenties when he went door to door selling nursing home insurance. Phil Cannella was one of the early pioneers of what is known today as long term care insurance. After protecting thousands upon thousands of consumers against the risks of needing some form of long Read More +

Phillip Cannella Blog: Phil Cannella Shows Retirees How to Ensure Their Nest Egg Will Outlast Them

Phil Cannella – Phillip Cannella Blog: Phil Cannella knows first hand the devastation that can come when a hard-earned retirement fund is wiped out from a sudden health issue. In his book, he states, “After my grand pop’s long battle in a nursing home, a time when the rug got pulled out 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 parents’ Read More +

Phillip Cannella Blog: Phil Cannella Educates The Consumer

Phil Cannella – Phillip Cannella Blog: Phil Cannella‘s Phil Cannella’s Crash Proof Retirement System is built on a foundation of education. What Phil Cannella is doing is teaching the consumer the essentials they need to know so that they can make informed decisions for themselves. What Phil Cannella says he is not doing is selling. Sales is something that salespeople do to get you to buy something. According to Phil Cannella his focus is on educating so that you are aware of the choices available to Read More +

Phillip Cannella Blog: Phil Cannella Talks About Truth

Phil Cannella – Phillip Cannella Blog: Phil Cannella has a powerful tool in his arsenal and that tool is “truth.” Now that word has boggled philosopher’s minds for centuries upon centuries who are always seeking to uncover basic truths of the universe. For Phil Cannella it is about providing the truth in terms of the real facts of the financial world and real solutions to the issues facing the American retiree. When someone lies, they are doing a disservice, not only to the person they are serving Read More +

Phillip Cannella Blog: Phil Cannella Harks Back on the 1929 Stock Market Crash

Phil Cannella – Phillip Cannella Blog: Phil Cannella has done a good study of the history of the financial markets in the United States and examined their peaks and their crashes. He sheds some interesting light on the well-known crash of 1929 that brought about the Great Depression. Phil Cannella very wisely points out, “In 1929, American investors suffered the worst financial crisis in history, bearing witness to a mass economic collapse that decimated their savings. The effects of the crash were cruel and long-lasting. As American Read More +

Phillip Cannella Blog: Phil Cannella Launches His Career

Phil Cannella – Phillip Cannella Blog: Phil Cannella didn’t let a single blade of grass grow under his feet when it came to getting the word out about nursing home insurance. After he recognized that the insurance industry contained the solution he was looking for, Phil Cannella took to the streets to promote and sell long term care insurance or as it was termed in those days, nursing home insurance. Phil Cannella put it this way, “So through my research, I found something in the insurance industry Read More +

Phil Cannella Blog: Phil Cannella Making a Difference in the World

Phil Cannella – Phillip Cannella Blog: Phil Cannella makes it his life’s passion to help children in need. Phil Cannella “Investing is all about trying to enrich our futures. There is no single better investment than investing in the health of our nation’s children. They are our pride, they are our hope and most importantly, they are our future,” said Phil Cannella shortly after contributing a generous donation to the Children’s Hospital of Philadelphia. Seeing the kids at Children’s Hospital of Philadelphia (CHOP) in need of Read More +

Phil Cannella Blog: Phil Cannella, Patron of Children’s Hospital of Philadelphia

Phil Cannella – Phillip Cannella Blog: Phil Cannella, like many well-known figures, dedicates his life to helping those in need. While his vocation might focus on the needs of senior citizens in providing them with a means to protect their nest eggs from market risk, his heart goes out to the many. Looking for ways to help, Phil Cannella has directed his energies towards the future of our civilization— our children. There are many non-profits Phil Cannella could have chosen to lend his help to, and Read More +

Phil Cannella Interviews Alicia Munnell: Part 21

Phil Cannella – Phillip Cannella News Phil Cannella: “Are there any, is there any research that your department has done on any safe alternatives outside of Wall Street’s industry?” Alicia Munnell: “Well, I mean, there are a lot of people who are great fans of the treasury indexed bonds, or treasury tips. Those used to have higher yields than they do now, but saving through inflation adjusted instruments is always a good thing to do, but you probably don’t want to have all of your Read More +

Phil Cannella Interviews Alicia Munnell: Part 19

Phil Cannella – Phillip Cannella News Phil Cannella: “Are bonds risky?” Alicia Munnell: “Bonds of course are risky, but they’re risky in a different way.  If you had a bond and you still had it, if you had a bond before the collapse and you still have it that means you probably have the old interest rates and you’re fine, and in point of fact your bond value would have gone up if you wanted to sell it today.  When that bond expires though, you Read More +

Phil Cannella Interviews Alicia Munnell: Part 18

Phil Cannella – Phillip Cannella News Phil Cannella: “Well let’s say that you’ve worked 30 years on average, and you’ve had that long time of saving ten percent since you were 25, and you did everything right, and now you do have enough asset level to maintain the beautiful lifestyle that you had when you were working.  How do people safeguard something that they worked for all their life, like their nest egg, and keep it intact during market crashes?  Because we talked about earlier Read More +

Phil Cannella Interviews Alicia Munnell: Part 17

Phil Cannella – Phillip Cannella News Phil Cannella: “Many people don’t realize it, and I’m sure you do. Many people don’t realize, back in the 1920’s the average aged person on average lived to about 54, 55. Today it’s in the 80’s, and so people are actually retired longer than they worked in their career.  Do you see that as a challenge today?” Alicia Munnell: “So certainly life expectancy has gone up.  I think those statistics worry me just a little bit because, in the Read More +

Phil Cannella Exposes the SEC

Phil Cannella – Phillip Cannella News If you attend one of Phil Cannella’s educational events, you’ll hear a few things about the SEC, the Securities and Exchange Commission, that agency of the US Government whose primary responsibility is monitoring and regulating the securities industry, Wall Street, etc. The SEC was created after the 1929 Stock Market crash that brought about the Great Depression. In fact, when you attend one of these events, you will more than likely see an exclusive interview that Phil Cannella conducted Read More +

Phil Cannella On Wall Street

Phil Cannella – Phillip Cannella News Phil Cannella agrees with this. A great quote is attributed to Michael Jordan: “If you’re trying to achieve, there will be roadblocks. I’ve had them; everybody has had them. But obstacles don’t have to stop you. If you run into a wall, don’t turn around and give up. Figure out how to climb it, go through it, or work around it.” Phil Cannella agrees with this. You won’t achieve your goals in life unless you can get past that Read More +