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 carry you and your spouse throughout the Retirement Phase.
What most people don’t realize, however, is that the Retirement Phase is simply the second half of your financial journey. Phil Cannella explains that it is the determining factor of whether the game will be won or lost for you and your family. Claiming “I did it! I’m retired” is dangerous. Phil Cannella teaches that the Retirement Phase is not the time to sit back, stop planning, and feel you have arrived, because that could lead to your downfall.
If planned correctly, the Retirement Phase will NOT look like this:
Your money not lasting as long as you
Your current lifestyle diminishing in later years of retirement
Your money disappearing due to a market crash
An unexpected medical expense or catastrophic cost drastically reducing your retirement savings
With Phil Cannella’s help, you will be able to enjoy the fruits of your labors without the worry that it could all blow up in smoke, and you can bring truth to the term “Golden Years”.