Category Archives: Phil Cannella

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 Discusses the Turbulent Stock Market

Just as Phil Cannella has been warning us for a little while now, the stock market has been increasingly turbulent over the last year. Following the 2008/2009 market crash, the Fed exercised a monetary policy known as quantitative easing. Through the numerous QE programs, the Fed engaged in the buying of trillions of dollars of faulty mortgage backed securities. That, coupled with interest rates at near zero level for such a long time, resulted in most investors flocking to the stock market as the only 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 on Being a Professional – Phil Cannella Media

Phil Cannella – Phillip Cannella Media: Phil Cannella has always sought in life to be a true professional in anything he does. This is well reflected in his work as a financial professional where he helps those in and approaching retirement crash proof their nest eggs. Phil Cannella’s level of professionalism in his work is evidenced in the care he takes with each consumer he sits with ensuring they get the highest level of service possible. What Phil Cannella has tried to embody are the qualities of 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, 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 Discusses Traditional Retirement Accounts – Phil Cannella Media

Phil Cannella has lots to say Phil Cannella – Phillip Cannella Media: Phil Cannella has many things to say about traditional retirement accounts, their benefits and their drawbacks. One of the points he makes is about tax-deferred growth that occurs in most accounts versus tax-free growth. Phil Cannella puts it this way, “A tax-deferred retirement account is free from taxation until you want to withdraw from it.  A tax-free retirement account is never subject to taxes once it has been established.” Phil Cannella points out dealing 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’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 Educates Seniors – Phil Cannella Media

Phil Cannella – Phillip Cannella Media: Phil Cannella’s Crash Proof Retirement System™ is designed specifically with the senior citizen in mind. In fact, almost all of Phil Cannella’s life has been dedicated to helping those people in and approaching retirement in one fashion or another. The way he does this education is really two-fold. First of all he educates the consumers who come see him at events he holds throughout the tri-state area. These events held at local venues such as The William Penn Inn and 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 +

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 Media: Phil Cannella Shows Us the Power of the Sword of Truth

Phil Cannella – Phillip Cannella Media: Phil Cannella has a Sword of Truth. To some this may sound like no more than a marketing slogan. If it were just a slogan we would have to question why it is so successful, for only truth begets success. We asked Phil Cannella what exactly is the Sword of Truth?   “The Sword of Truth represents the philosophies by which I choose to live and is a simple yet powerful concept. It is a double-edged sword; one edge represents accurate Read More +

Phillip Cannella Media: Phil Cannella has support of Crash Proof™ Consumers

Phil Cannella – Phillip Cannella Media: Phil Cannella has Crash Proofed™ over 4,000 consumers’ nest eggs using his Crash Proof Retirement System™.  The system utilizes insurance vehicles that are outside the securities industry and are guaranteed to never lose the investor’s principal.  Phil Cannella has seen too many investors get hurt by Wall Street’s volatility and cares greatly for the well-being of the everyday American’s retirement.   Over 800 of his consumers have given testimonials lauding Phil Cannella and The Crash Proof Retirement System™, speaking of the 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 Media: Phil Cannella Gives Hope to Our Children

Phil Cannella – Phillip Cannella Media: Phil Cannella has lent his hand and his wallet in aid of children in need. Through the Phil Cannella Crash Proof Retirement Show®, Phil Cannella has donated in excess of $165,000 in the last few years to CHOP, Children’s Hospital of Philadelphia. Phil Cannella is quoted as saying, “We plan to be a key financial presence this year too. When you give a child hope, you give a child a future. And that’s like a boomerang; It comes back to 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 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 Media: Phil Cannella The Philanthropist Helps CHOP

Phil Cannella – Phillip Cannella Media: Phil Cannella has made it one of his missions in life to help those in need of help in any way he can. “Giving is so much more rewarding than receiving,” is a concept Phil Cannella embraces in his daily activities. In his daily work, Phil Cannella helps those in their retired years Crash Proof their nest eggs. When not at work, Phil Cannella dedicates much of his time and wealth to help the future of our generation;our kids, those 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 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 Media: Phil Cannella and David Kotz on Gary Aguirre Case

Phil Cannella – Phillip Cannella Media: Phil Cannella in another revealing conversation with H. David Kotz, former Inspector General of the Securities and Exchange Commission (SEC), Phil Cannella discusses the infamous Gary Aguirre Case. Gary Aguirre is a lawyer and former investigator for the SEC, and was also the Chief Investigator on the insider trader case involving Pequot Capital Management, who attempted to bring John Mack of Morgan Stanley to justice for leaking inside information about Pequot Capital. This is the reason Phil Cannella is 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 +