Category Archives: Phil Cannella News

Do It Yourself or “DIY” Retirement Planning

“Do It Yourself” or DIY retirement planning is probably a phrase you never thought you’d consider.  With traditional pensions declining, individuals are starting to work on planning their retirement by themselves.  Typically, you’re on your own when it comes to saving for retirement, or for the rest of your life.  This is definitely a tough challenge for many individuals. To help you begin planning for retirement, you can apply concepts from portfolios that others have used to accumulate assets while building their own portfolios.  While Read More +

What To Do During Retirement

Let’s face it: being retired can be boring after a while. After you’ve stopped working, the days can start to run together if you aren’t out experiencing new things. Here’s a list of things that you can do during retirement to experience the “recess years” of your life. 1.  Travel. If it’s within your budget, try and get out of town for a while. Whether it’s the other side of your state or the other side of the world. Sometime experiencing new towns and cultures Read More +

Phil Cannella Provides Crash Proof Answers to Tough Retirement Questions

Phil Cannella learned early in his life how important it is to protect senior citizens from the obstacles that could stand in the way of a secure retirement. That’s why Phil Cannella has spent the past 39 years as a consumer advocate and working to reach the designation of “Retirement Phase Expert.” But in the early 2000s, Phil Cannella found his true mission and calling in the form of his trademarked & exclusive Crash Proof Retirement System. The fallout from the 2001-2002 stock market collapse Read More +

Phil Cannella Takes On the Big Dogs

Phil Cannella, in an effort to bring about financial industry reform, has had to stand up against some of the big players in the financial and banking world. The motive behind his efforts is simple: The big investment banks and Wall Street make a lot of money on fees and commissions from everyday investors. Most investors are ignorant of the amount of money their paying each year to their brokers and advisors. Phil Cannella is diametrically opposed to everyday consumer getting fleeced by Wall St. Read More +

Phil Cannella Explains How to Avoid the “Retirement Bubble”

Phil Cannella is acutely aware of how fragile our current economy is and how it’s been artificially propped up through trillions of dollars of quantitative easing. Unfortunately, the country’s massive debt, and the ever-escalating budget deficits are putting this economy into an untenable position. Phil Cannella is a businessman and as any good businessman or business woman will tell you, you cannot run a business by constantly driving it into further and further debt. Phil Cannella will tell you that this economy is poised for Read More +

Phil Cannella Gives Life Lesson About Retirement

Phil Cannella makes a very astute observation about life when hearing people in retirement make the following exclamation: “I did it…I made it to my goal.” Phil Cannella’s response: “It all comes back to the “cycles” of life.” Phil Cannella makes an analogy of 10 explorers climbing Mt. Everest and reaching the top. When they arrive at the summit they exclaim: “We did it- We Made it to the top! We’ve accomplished our goal!” However, Phil points out that only “half of the journey’” has Read More +

Phil Cannella Stands for Truth and Logic

On his Crash Proof Retirement Show, Phil Cannella explains that “building a retirement plan is based on a foundation of truth” and he built the proprietary Crash Proof Retirement System on a foundation of truth and logic. During every step of the process of constructing an individualized Crash Proof Retirement System, Phil Cannella looks to eliminate all the risk factors that could upend an otherwise sound retirement plan. To begin with, he examined stocks, bonds and mutual funds and discovered a common denominator in them Read More +

Phil Cannella Concerned about Seniors Outliving Their Assets

Phil Cannella points out that one of the biggest challenges facing retirees is not necessarily running out of money during retirement. While statistical averages can predict to a certain degree our life expectancy, the truth of the matter is that we could live longer than the average. As we head into retirement, Phil Cannella tells us that we need to look at our needs, our goals and our assets and come up with a course of action that ensures that we don’t deplete our assets Read More +

Phil Cannella Says Don’t Count on Social Security for Retirement

When designing a Crash Proof Retirement System for a consumer, Phil Cannella looks at all economic factors that could impact an individual’s retirement plan. One of these is Social Security. For many Americans Social Security is a key component of any retirement because it represents a stream of payments for life; something each and every one of us might end up relying upon to live out the rest of our years. However, Social Security has a major weakness which is COLA. COLA stands for Cost Read More +

Phil Cannella Addresses Retirement Concerns

Phil Cannella developed the exclusive Crash Proof Retirement System is order to fulfill his duty as a consumer advocate and serve a needs of retirees that had become very evident after the tech bubble burst in the early part of this century. After seeing so many people, in and near retirement, lose so much of their nest-eggs so fast, Phil Cannella developed his proprietary Crash Proof Retirement System to protect assets so that baby-boomers could enjoy the retirements for which they had always wished. One Read More +

Phil Cannella Explains Effectiveness of Crash Proof Retirement System

Phil Cannella has taken the risk out of investing by creating the exclusive Crash Proof Retirement System that allows one’s investments to grow as the markets rise, but stay even when the markets go down or even crash. Crash Proof investments never lose a penny of principal and that includes all of the vehicles within the Crash Proof System. This creation of the Crash Proof System goes right back to the core of Phil Cannella’s values and what he stands for when it comes to Read More +

The Philosophy Behind the Phil Cannella Crash Proof Retirement System

Phil Cannella explains that the exclusive Crash Proof Retirement System is not just a retirement strategy, it is a philosophy itself. Unlike many financial professionals who pitch the same one or two products to all investors, what Phil Cannella does is very different. His approach is to, first of all, educate the consumer in front of him. Before anyone becomes a client, Phil has spent many hours educating individuals on the financial industry, its pitfalls and what an investor and, most especially, a retiree must Read More +

Protecting Your Retirement From You – by Phil Cannella

With the 2008 recession still fresh on the minds of baby boomers in or near retirement and with the “flash crash” that took place this past August, now is the time to step back and take a look at the versatility of your savings. Over 30 million Americans in the previous 12 months have dipped into retirement savings to pay for an unexpected expense. New research shows this undercuts financial security and leaves the need for every household to maintain an emergency fund. Baby boomers Read More +

Phil Cannella Stands For Truth And Consumer Advocacy

Phil Cannella: Not Your Typical Financial Professional Phil Cannella’s long, storied career in protecting the futures of American retirees was built upon the strength of his character. Over 39 years, Phil Cannella has built his name and reputation on the concept of fiduciary responsibility. It troubles him when he sees others continue to disregard the well-being of clients. The financial crisis of 2008-2009 brought to light the rampant wrongdoing that permeates Wall Street. Industry professionals seek to take advantage of unwitting and gullible consumers. Insiders Read More +

Phil Cannella Issues A Caution To Investors

Phil Cannella regularly cautions investors about the pitfalls of stock market investing at Crash Proof Retirement educational events. But on a recent edition of the Crash Proof Retirement Show, Phil Cannella and co-host Joann Small gave a very specific timeline on the danger of risk investments. Phil Cannella and Joann Small regularly discuss the money that upfront fees and ongoing expenses take out of your Wall Street investments. It’s a serious problem—Dalbar Corporation found the average investor in mutual funds has made only 3.7% annually Read More +

Phil Cannella Explains The Domino Effect in Bond Markets

Each week on The Crash Proof Retirement Show, Phil Cannella takes time to talk about safe alternatives to the risk of Wall Street. This week’s lesson was about the volatility of the bond environment, a lesson the city of Chicago is learning as we speak. Research from Retirement Media Inc. found that Moody’s, a leading provider of credit ratings, research, and risk analysis, has downgraded the credit rating of America’s 3rd-largest city to junk-bond levels. Moody’s rating system, which grades bonds from Aaa to C, Read More +

Happy Mother’s Day From Phil Cannella And Crash Proof Retirement

Phil Cannella dedicated The Crash Proof Retirement Show to moms everywhere last Saturday, paying special tribute and offering specialized retirement advice to the most important woman in all of our lives. “Let There Be Moms!” “It was a very wise man who once said, ‘God can’t be everywhere; therefore, let there be moms!’” said Phil Cannella. With everything our mothers do for us throughout our lifetimes, we all want to see them enjoy their golden years to their fullest extent. Part of that is spending time Read More +

Phil Cannella Explains “Sleep Well Accounts” – Phil Cannella News

Phil Cannella works with  American retirees who want to sleep well knowing their nest egg is safe and sound. One of the financial lessons he teaches is something many people don’t realize, which is that the insurance industry can be their number one ally. Phil Cannella calls insurance products “sleep well accounts” because they allow you to sleep well no matter what the economic conditions are. If the markets go up, you sleep well knowing that you’re making money. If they go down, you still Read More +

Phil Cannella Trained and Endorsed by Ed Slott – Phil Cannella News

Phil Cannella leading financial professionals Phil Cannella – Phillip Cannella News: Phil Cannella has become one of the nation’s leading financial professionals as a result of much training over the years. People becomes professionals in a field with hard work and study through college and university and then practicing that newly gained knowledge under the tutelage and direction of a real master. The true expert is one who has not just studied the theory of a subject but one who can actually practice the subject to. Read More +

Phil Cannella Extolls Client-Driven Financial Vehicles – Phil Cannella News

Phil Cannella explains types of financial vehicles Phil Cannella – Phillip Cannella News: Phil Cannella explains that there are two types of financial vehicles. There are those that are broker-driven and those that are client-driven. Here we will discuss the client-driven ones. Phil Cannella focuses on client-driven vehicles Phil Cannella, in his Crash Proof Retirement System, focuses solely and only on client-driven vehicles and there is good reason for this. As Phil Cannella himself explains: “A client-driven financial vehicle is a money instrument that by and Read More +

Phil Cannella Challenges the Rule of 100 – Phil Cannella Blog

Phil Cannella – Phillip Cannella Blog: Phil Cannella goes against the grain once again by telling us that the Rule of 100 is not always the most sensible approach to someone’s retirement accounts. You see Phil Cannella isn’t looking for a cookie-cutter approach to someone’s retirement accounts, he is looking at treating each person as an individual and assessing each person’s individual needs against their overall assets. If you are not familiar with the rule of 100, simply put it works like this: Take the number Read More +

Phil Cannella and the Beginnings of His Career – Phil Cannella News

Phil Cannella – Phillip Cannella News: Phil Cannella has quite a back story  of the Crash Proof Retirement System™. It was not chance that brought Phil Cannella to this arena, it was a specific set of circumstances in his early days in life that set Phil Cannella on this course. As Phil Cannella explains, the story of Crash Proof Retirement began in the 1970s, when the Cannella family lived together in a row home in suburban Philadelphia, working together as a family to make ends meet. Read More +

Phil Cannella Aids Sandy Victims – Phil Cannella News

Phil Cannella came to the rescue Phil Cannella – Phillip Cannella News: Phil Cannella came to the rescue along with many others on the heels of one of the worst storms to hit the East Coast. Seeing the devastation that Hurricane Sandy ravaged, Phil Cannella insisted on providing the succor so badly sought by those in distress. Seeing people’s homes wiped away, seeing people who lost so much, Phil Cannella made a point to aid these people by providing much needed wherewithal to those in need. Phil Read More +

Phillip Cannella News: Phil Cannella Talks About Nursing Home versus Home Health Care

Phil Cannella – Phillip Cannella News: Phil Cannella explains that there are several different types of long term care, each somewhat different in terms of how care is provided, each coming with a different price tag and each fitting a different type of need. Phil Cannella goes on to tell us that each person is different when it comes to their needs. Some people, if they needed help with the activities of daily living want to do it in the comfort of their own home. For these Read More +

Phillip Cannella News: Phil Cannella Discusses Ongoing Fees

Phil Cannella – Phillip Cannella News: Phil Cannella has assumed the role of educator in his relationship with his clients and not that of someone “selling” insurance. Phil Cannella prides himself on being a consumer advocate for just that reason. He wants to educate his consumers so that they can decide for themselves what is right and what should be done with their financial future. The educational process begins by attending an educational event that Phil Cannella puts on several times a month throughout the tri-state area. Read More +

Phillip Cannella News: Phil Cannella Urges Consumers to Consider the Roth IRA

Phil Cannella – Phillip Cannella News: Phil Cannella is no stranger to IRA regulations. In fact, it is quite the opposite, he is truly a master when it comes to understanding the regulations and ins and outs of IRA laws. This is why Phil Cannella is such a strong proponent of the Roth IRA which works quite differently from the Traditional IRA in that monies put into a Roth are after tax, and so the Roth grows tax-free, never requiring any taxes to be paid on the Read More +

Phillip Cannella News: Phil Cannella Explains Accumulation Phase vs. Retirement Phase

Phil Cannella – Phillip Cannella News: Phil Cannella often states that retirement is only the halfway point and that if you don’t continue planning into your retirement, your savings can fall through your fingertips. He uses the following two phases to demonstrate his point: the Accumulation Phase and the Retirement Phase.   The Accumulation Phase encompasses the years when you are busy working hard, sacrificing, saving and investing to grow your nest egg. If you are fortunate enough, you will have built a nest egg that will Read More +

Phillip Cannella News: Phil Cannella Explains The Safety of Banks

Phil Cannella – Phillip Cannella News: Phil Cannella has examined the protections that the banking system provides as compared to the insurance industry. One very interesting aspect of the banking system is the FDIC. As Phil Cannella explains, we’ve all seen the “FDIC-insured” signs in banks. Phil Cannella explains exactly what this means: “When you go to your bank, you probably see the FDIC-insured signs on the counters or plaques on the wall to ease your concerns, informing you that your funds are safe in their hands Read More +

Phillip Cannella News: Phil Cannella Busts the Myth That Conservative Investments Are Safe for Retirees

Phil Cannella – Phillip Cannella News: Phil Cannella is asked this question all the time: “Since my pie chart distributions show that I’m diversified, I am safe right?”   The truth of the matter is that you are not safe. In the end, a diversified pie chart still means that all of your investments are in stocks, bonds and mutual funds. While that is what you want when you are in your working years, it simply is not safe when you are in your retirement years and Read More +

Phillip Cannella News: Phil Cannella Talks About the Many Faces of Risk

Phil Cannella – Phillip Cannella News: Phil Cannella has seen risk in many different ways. In this context I am referring to the different appearances that risk may exhibit and the different ways risk could impact you and your retirement. Phil Cannella says it like this, “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 Read More +

Phillip Cannella News: Phil Cannella Strikes At Dishonest Financial Professionals

Phil Cannella – Phillip Cannella News: Phil Cannella pulls the lies right out when it comes to exposing Wall Street. And Phil Cannella pulls no punches while doing so. He won’t stand by letting the American consumer be fleeced while dishonest financial professionals make a buck or two, or a million or two, while doing so. This goes against the very substance and belief system Phil Cannella built the Crash Proof Retirement System™ on. To quote Phil Cannella, “Conversely, in life or in one’s profession, being dishonest Read More +

Phillip Cannella News: Phil Cannella Says that the Stock Market is Stacked Against You

Phil Cannella – Phillip Cannella News: Phil Cannella points out that the threat of another market crash is imminent, always on the horizon, ready to strike and wipe out our savings. To give you the words of Phil Cannella himself, he says, “to the uninformed retiree who does not Crash Proof™ their retirement, the risk of jeopardizing their nest egg is a constant and palpable threat. Once disaster strikes, as it did in 1929, and more recently in 2007 and 2008, you can see that time is Read More +

Phillip Cannella News: Phil Cannella Pioneers Nursing Home Insurance

Phil Cannella – Phillip Cannella News: Phil Cannella is one of the true pioneers of nursing home insurance. To many, this type of insurance may sound foreign, that is because today this insurance is known as long term care insurance. Back in the day, almost 40 years ago now, Phil Cannella was alone on the stage promoting this product as a solution to a problem facing Americans as they age. Phil Cannella had witnessed the devastation caused to a family when someone was in need of some Read More +

Phil Cannella News: Phil Cannella Offers Advice to Advisors

Phil Cannella – Phillip Cannella News: Phil Cannella has long been in the business of helping retirees find safety and security with their retirement finances. Part of fulfilling Phil Cannella’s duties is to point out flaws within their current financial strategies that he feels is preventing them from making the most of their savings. As a result, Phil Cannella is often opposing the advice of other financial advisors that have placed consumers into the wrong investments. To fit into his business model of education, Phil Cannella Read More +

Phil Cannella News: Phil Cannella Headquarters in King of Prussia

Phil Cannella – Phillip Cannella News: Phil Cannella chose King of Prussia, Pennsylvania, as the headquarters for his one-of-a-kind consumer Phil Cannella advocacy facility. Complete with a state-of-the-art TV and radio production studio, equipped with a prestigious media crew and world-class journalists, Phil Cannella has built an impressive foundation for what is becoming a nationally recognized brand, Retirement Media Inc. King of Prussia has proven to be an excellent location for the workings of Phil Cannella. Located not far from where he grew up, Phil Cannella Read More +

Phil Cannella News: Phil Cannella Finds Accountability Through Interviews

Phil Cannella – Phillip Cannella News: Phil Cannella has positioned himself as a source of information for retirees across the country who are seeking an honest answer to the many obstacles in retirement. In recognition of this huge responsibility to America’s retirees, Phil Cannella has found accountability in his role by seeking the support of the  nation’s most respected experts by way of interview. Whether it’s an issue of the housing market in America, or the best way to claim social security, Phil Cannella no longer Read More +

Phil Cannella Interviews Andrew Huszar: Part 12

Phil Cannella – Phillip Cannella News Phil Cannella: “Professor Huszar, what should Phil Cannella: Professor Huszar, what should the everyday investor do to protect their assets?” Andrew Huszar: “I definitely think we need to be prudent about financial assets and financial asset management, and I think it’s really important that your listeners find someone who can help them manage their assets in a conservative but effective way.” Phil Cannella: “What changes to the financial system in this country would make planning for retirement easier on Read More +

Phil Cannella Interviews Andrew Huszar: Part 11

Phil Cannella – Phillip Cannella News Phil Cannella: “Are we simply pushing off our current economic issues and saving them for later?” Andrew Huszar: “I would go back to the story that I painted before – from the 1980s onward, Wall St. becoming a much bigger part of the economy and then when the crash happened in 2008, the U.S. Government, particularly The Fed, stepping in and taking on a lot of the role of Wall Street. So now we keep on doubling down on Read More +

Phil Cannella Interviews Andrew Huszar: Part 10

Phil Cannella – Phillip Cannella News Phil Cannella: “Do you think The Fed will continue this Quantitative Easing or is there an end in sight?” Andrew Huszar: “I think The Fed’s going to keep on buying. You know I think we have an addiction problem right now, and unfortunately we had a bad moment five years ago and we basically doubled down on the addiction. I think that correction’s coming. I tend to think it’s probably a longer term thing, and one of the reasons Read More +

Phil Cannella Interviews Andrew Huszar: Part 9

Phil Cannella – Phillip Cannella News Phil Cannella: “How important is it to discuss the nation’s economic situation in a public forum? For example, on CNBC?” Andrew Huszar: “I will say this:One thing I’ve loved about what’s happened is that we do live in the greatest country in the world. I wrote this piece, which is very critical about the government and about what we’re doing, and I’ve been able to go on and speak about it. In fact, a lot of these shows had Read More +

Phil Cannella the Educator

Phil Cannella – Phillip Cannella News Phil Cannella: “Education is not preparation for life; education is life itself.” These are famous words of John Dewey, a noted American philosopher of the 19th and 20th century. Words like these couldn’t be more true. When we stop learning, when we stop trying to discover something new, when we stop educating ourselves, what is left to life? Moreover, by educating an individual you are giving him the power to make his own decisions. This is one of the central Read More +

Phil Cannella Goes Down to Washington

Phil Cannella – Phillip Cannella News Phil Cannella: I believe it was Theodore Roosevelt who said “In any moment of decision, the best thing you can do is the right thing, the next best thing is the wrong thing, and the worst thing you can do is nothing.” There is one unmistakable attribute of Phil Cannella, he will never do nothing. Standing by the sidelines while someone gets hurt goes against his grain. You won’t see that with happening with Phil Cannella around. And so Read More +

Phil Cannella Interviews Harry Dent

Phil Cannella – Phillip Cannella News Phil Cannella: For any of you who do not know, Harry Dent is a renowned economist and best-selling author who uses the science of demographics to predict future market events. With uncanny accuracy he predicted the 1990-92 recession; the biggest bull market run in U.S. history and the most recent 2008 credit crisis. Phil Cannella, in his drive to educate our consumers, conducted an interview with Mr. Dent on our current economy, where it is heading and what we Read More +