Phil Cannella – Phillip Cannella Media: Phil Cannella has taken a cold hard look at the issues facing people in their retired years and has delved into solutions to many of these risks, especially those risks connected to losing their nest eggs.
Phil Cannella talks about it in this way: “There’s no question that today’s retiree faces financial risk in many forms. There’s the risk of losing your principal in the stock market and of your accounts accumulating too many taxes and market fees (fees that weigh down your account even when the market is down). You face longevity risk – will your nest egg last as long as you do? Will you need a nursing home? Recent decades remind us of the ever present risk of stock market and corporate corruption as well, as we saw with the fall of Enron and WorldCom. How about the ultimate risk of losing everything you’ve got because instead of having a trained specialist manage your portfolio, you have a general practitioner, financially speaking, trying to perform open heart surgery?”
Phil Cannella went right to the core of these problems and addressed them pretty emphatically when devising the Crash Proof Retirement system which specifically addresses all of these known risks and thereby provides a means to deal with these issues.