Category Archives: Phil Cannella News

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 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’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 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 News: Phil Cannella Shares his Expertise with Other Aspiring Financial Experts – Phil Cannella News

Phil Cannella • Phillip Cannella Phil Cannella – Phillip Cannella News: Phil Cannella often says, “not only should you be true to your clients, but be true to yourself.” Good financial advising is using your expertise and applying it to help those who are not as informed. So don’t tell yourself you are truly ready to manage client’s finances if you really aren’t informed enough to do so. If a client has a question you are not fully prepared to answer, just go the extra mile to learn more Read More +

Phil Cannella, Defender of the Weak – Phil Cannella News

Phil Cannella against a corrupt industry Phil Cannella – Phillip Cannella News: Phil Cannella is among a few in the world willing to go up against a corrupt industry with the view of setting it to rights and getting some reforms in place. Phil Cannella works in the financial services industry working diligently to protect the everyday investor from the grabbing hands of the big banks and other unscrupulous vested interests. Seeing the fleecing go on that governing bodies seem to shut their eyes to, Phil Read More +

Phil Cannella’s Team of Elite Retirement Specialists – Phil Cannella News

Phil Cannella retirement specialists Phil Cannella – Phillip Cannella News: Phil Cannella has a team of retirement specialists who work with his consumers in order to provide sound planning and advice to all those who come through his doors. Phil Cannella utilizes a team of elite specialists who are specifically trained to work with people in and approaching retirement. Phil Cannella working with seniors The way Phil Cannella very aptly sees it is that the needs of people vary as they age. When one is young Read More +

Phil Cannella Explains the Sacrifices He Made – Phil Cannella News

Phil Cannella – Phillip Cannella News: Phil Cannella’s early years as an adult were somewhat testing. When his grandfather suffered a stroke, Phil Cannella was forced to drop out of college and take a job to help pay for medical and nursing home bills.  During this time, he began studying the insurance industry and aspired to get his license to sell insurance.  That’s how he found out about Nursing Home Insurance which is popularly known today as long term care insurance. Had Phil Cannella known about Read More +

Phil Cannella Believes in Wealth Preservation – Phil Cannella News

Phil Cannella poses interesting questions Phil Cannella – Phillip Cannella News: Phil Cannella poses an interesting question: If you were to venture on a journey through the mountains, over rough terrain, across the dessert, what sort of vehicle would you choose? You might say a Mercedes or a BMW or a Hummer! Really, what you would want is a safe, secure vehicle that can handle the designated journey ahead. Phil Cannella’s Crash Proof Retirement System Phil Cannella makes the analogy that your progress through life and specifically Read More +

Phillip Cannella News: Phil Cannella Speaks About the Family Situations and Long Term Care

Phil Cannella – Phillip Cannella News: Phil Cannella has experienced first-hand what can happen to a family when someone is in need of long term care and no long term care insurance policy has been taken out on the individual. Phil Cannella experienced exactly this about 40 years ago now when his grandpa, who had worked all his life and finally went into retirement, suddenly came into need of long term care and went into a nursing home. Phil Cannella remembers well what effect this had on Read More +

Phillip Cannella News: Phil Cannella Answers the Question “What If I don’t Need my RMD?”

Phil Cannella – Phillip Cannella News: Phil Cannella has had to answer this question many times. People in their retired years hit 70 ½ and are made aware that this is the time they need to begin taking their retired minimum distributions yet they don’t need those funds and would rather have them continue to grow tax-free. Phil Cannella explains that it just doesn’t work that way. Most monies in retirement accounts have gone in them tax-free, meaning the taxes are being deferred to a later date Read More +

Phillip Cannella News: Phil Cannella Reveals How Time Really Does Equal Money

Phil Cannella – Phillip Cannella News: Phil Cannella has devoted his life to helping American retirees retire safely and securely, 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. The way Phil Cannella sees it, your retirement fund represents moments of your life that you have put into acquiring it. You’ve worked and waited a lifetime to get to retirement, and you sacrificed your time to your job for many years. You Read More +

Phillip Cannella News: Phil Cannella Says Insurance Companies are Financially Sound

Phil Cannella – Phillip Cannella News: Phil Cannella has taken a good hard look at both the banking system and the insurance industry and compared their safety and during harsh economic times. Phil Cannella did a historical look, not just examining the last few years. Phil Cannella points out that during extreme economic times such as after the 1929 crash when 100% of account holders wanted 100% of their money back from banks, banks were only required to keep 12 cents on every dollar on hand in Read More +

Phillip Cannella News: Phil Cannella Advises: Use a Specialist for Your Nest Egg

Phil Cannella – Phillip Cannella News: Phil Cannella strongly advises that to crash proof your retirement and keep your nest egg free from tax infestation, you need to consult the knowledge of a specialist. After all, you wouldn’t let your family doctor perform open-heart surgery on you, would you? Yet too many people leave their hard earned and much needed retirement fund in the hands of general financial advisors.   The only way to live the “golden years,” enjoying your time off without financial worries, as Phil Read More +

Phillip Cannella News: Phil Cannella Shrugs Off the Competition

Phil Cannella – Phillip Cannella News: Phil Cannella‘s recognizes that he has built a system that really does what it says it can. He created the Crash Proof Retirement System™ to do just that — protect an individual’s assets from a market crash. Very creatively, Phil Cannella created not just a system, but also a means to share the system and educate  consumers on the system all with the focus of protecting the assets of the consumer against market losses. Phil Cannella has been so successful at Read More +

Phillip Cannella News: Phil Cannella Cross-Examines Financial Advisors

Phil Cannella – Phillip Cannella News: Phil Cannella‘s Crash Proof Retirement System™ is built on a foundation of education. To that end, Phil Cannella sees to it that all people involved in the educational process are well trained and well versed on IRA law, tax implications of financial vehicles, etc. Phil Cannella takes it a step further and insists on continuing education courses for all those involved with working with his consumers to crash proof their assets.   Phil Cannella recognizes how important it is to know Read More +

Phillip Cannella News: Phil Cannella Strikes Out At the Lies

Phil Cannella – Phillip Cannella News: Phil Cannella is diametrically opposed to those who purvey lies in order to serve their own ends. In Phil Cannella’s book, there is no greater harm that one can do in the financial industry than to take advantage of the ignorance of the many to line one’s own pockets. Phil Cannella disagrees with the way financial services are offered to seniors, for it preys on this ignorance to make a gain for oneself. Phil Cannella sees little benefit for the consumer Read More +

Phillip Cannella News: Phil Cannella responds to conflict in Ukraine

Phil Cannella – Phillip Cannella News: Phil Cannella, retirement phase expert, has seen foreign conflicts negatively affect the everyday American’s securities accounts all too often.  Consumers have no control of what goes on in Russia, Ukraine, or any other nation, yet their financial futures still react negatively.   Phil Cannella hopes to protect those nearing retirement and those in retirement from the market volatility that follows global conflict.  Through the Crash Proof Retirement System™, investors place their money in insurance vehicles that track the market, only Read More +

Phillip Cannella News: Phil Cannella Exposes the Guarantees Offered by Insurance Carriers

Phil Cannella – Phillip Cannella News: Phil Cannella, when researching the insurance industry, was skeptical of their promises and guarantees. How could an industry make such statements? As Phil Cannella’s says, “but I wondered, how can insurance companies give guarantees? What if they went out of business at the time you needed your insurance to pay out?” This mirrors the sentiments of so many consumers who are very wary of the promises and marketing statements insurance companies put out. Phil Cannella dug deeper; “In the course Read More +

Phil Cannella News: Phil Cannella Can Crash Proof Your Retirement

Phil Cannella – Phillip Cannella News: Phil Cannella has built a system that can quite literally proof your retirement from the risk of market crashes. To many this may seem beyond belief, for we have all-too-often seen our savings and our wealth get wiped away when the stock market has taken a tumble as it has historically done every 5 – 10 years. What Phil Cannella has devised is a system, using numerous financial vehicles, that can preserve and grow your wealth, without risk. As is Read More +

Phil Cannella News: Phil Cannella Largest Donor to Children’s Hospital

Phil Cannella – Phillip Cannella News: Phil Cannella takes a great passion in helping children. Phil Cannella Seeing first-hand the difficulty some children faced, especially children from families who didn’t have the means to provide as much as they wished they could, Phil Cannella decided to help kids through the Children’s Hospital of Philadelphia (CHOP). When visiting the hospital, Phil Cannella was touched by the children being helped by the hospital’s staff to overcome the illnesses and ailments they faced. Not only has Phil Cannella become Read More +

Phil Cannella News: Phil Cannella Asks about Retirees in the Market

Phil Cannella – Phillip Cannella News: Phil Cannella Asks David Kotz if it is prudent for retirees to invest their nest egg in the stock market or in financial instruments that are risky. Mr. Kotz admits to Phil Cannella that while he is certainly no financial advisor, and while he would not presume to tell anyone how to invest their money, there are definitely people with large sums of money they wish to invest, and are doing so in the stock market. Some of these people 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 +

Phil Cannella Enlightens Thousands

Phil Cannella – Phillip Cannella News Phil Cannella goes to the effort. “Education is the movement from darkness to light” is a quote attributed to 20th century philosopher, Allan Bloom. It is with these words that Phil Cannella gives such emphasis and focus on educating his consumers. “People are kept in the dark so that they can be taken advantage of” says Phil Cannella when asked why he does what he does. In Phil Cannella’s mind it is more important to educate our citizens so Read More +

Phil Cannella Fights for Freedom

Phil Cannella – Phillip Cannella News Phil Cannella is such a modern day freedom fighter. “Freedom is never given; it is won” is a famous quote often repeated. People often think of freedom fighters as those who pick up a sword, a gun or a weapon and go out fighting for their country.  And some think of those who have risked their lives demonstrating for a worthwhile cause. Many such people truly were freedom fighters. Phil Cannella is such a modern day freedom fighter. He Read More +