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Phil Cannella Comments on the Grim Retirement Picture – Phil Cannella News

crproPhil Cannella deals with peoples retirement

Phil Cannella – Phillip Cannella News: Phil Cannella deals with people in and approaching their retirement day in and day out. The unfortunate picture that these people now face is different to what it was many years ago. With 10,000 baby boomers hitting retirement age every day, the growing reality that social security, pensions or other such programs will not take care of them financially speaking has hit.

Phil Cannella sold nursing home insurance

Phil Cannella saw this first hand when he was a young boy and saw his family left distraught when his grandfather needed to go into a nursing home. It was that situation that changed Phil Cannella from a boy to a man overnight. It was that grim reality that drove home to the young Phil Cannella that he needs to prevent such catastrophes happening to others.

Phil Cannella did this by going out and selling nursing home insurance door to door. That laid the foundation of him working with seniors to provide them a happier retirement. Every retiree wants to enjoy his or her retirement. Every retiree wants to be able to do everything they couldn’t do during their working years.

This is why Phil Cannella designed the Crash Proof Retirement system. He wants to protect the hard earned dollars of seniors and enable their nest eggs to grow while still enjoying their golden years.

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Phil Cannella Uncovers Madoff’s Lack of Remorse For His Victims – Phil Cannella Media

Phil Cannella and a unique opportunity

Phil Cannella – Phillip Cannella Media: Phil Cannella secured a unique opportunity to interview the former Inspector General of the SEC and got to pose many incisive questions that give us some clues about the man that got away with a Ponzi scheme that is considered to be the largest financial fraud in U.S.  history.

Phil Cannella asked the former Inspector General

When Phil Cannella asked the former Inspector General questions about Bernard Madoff he revealed the complete and utter lack of remorse for the billions and billions of dollars that he defrauded from his victims. Phil Cannella asked about a jail visit the inspector general conducted and he gave Phil Cannella an answer that shows us how similar these great criminals really are in terms of their lack of care and for the people they hurt: “He did not express a lot of remorse for the victims in the interview.  There were opportunities where he could do so, he chose not to, you know I do not know what is in his heart but he did not express that.  He did talk about his family, he talked about his reputation, he felt that his reputation would suffer in sight of the Ponzi scheme; I think he was correct in that respect but he didn’t talk about how bad he felt that people lost money, that was not something that he raised much at all.

These types of interviews that Phil Cannella does, bring truth to the American retiree.

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Phil Cannella Gets Rare Interview With Inspector General of the SEC – Phil Cannella Blog

Phil Cannella brings truth

Phil Cannella – Phillip Cannella Blog: Phil Cannella, in his mission to bring truth to the American retiree, headed down to the nations capital and conducted an interview with the then Inspector General of the SEC. During this intense videoed interview, Phil Cannella posed some tough questions and got some eye-opening answers that lay bare some of the basic flaws with the oversight of the securities industry and speaks volumes to the ineffectiveness of the very department that is meant to oversee the industry.

Phil Cannella gets Inspector General to let down guard

In this interview Phil Cannella asks how the SEC missed Madoff for so long despite the warnings they had received that something fishy was going on. The Inspector General gives Phil Cannella some real insight into what happened there: “Bernie Madoff for example was very affective in sort of playing the SEC folks in a variety of ways.  He would not allow them to talk to anyone else in his office other than him, when they tried to talk to somebody else he would usher them out the door, he would flatter them-give them certain information that they didn’t know and then when they asked for documents that he didn’t want to provide he would get very angry.  And so I think he was able to manipulate the SEC folks, they were mostly junior examiners and junior investigators working on the case and I think in some ways they were over matched. Particularly with Bernard Madoff.

Phil Cannella does a tremendous job in getting the Inspector General to let down his guard and speak candidly on matters of concern to the American public.

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Phil Cannella Speaks About Annuities – Phil Cannella News

Phil Cannella and different annuities

Phil Cannella – Phillip Cannella News: Phil Cannella has made a thorough study of the different annuities available on the mark in an effort to see which ones, if any, would be suitable for a person who is in or approaching retirement. Phil Cannella explains that an annuity is designed to provide a steady stream of income and are generally designed to provide for people in retirement.

Phil Cannella explains not all annuities created equal

Phil Cannella explains however that not all annuities are created equal. There are many life insurance companies out there that offer annuities and each one packages them in a different way and there are different types of annuities altogether. After a fairly exhaustive study, Phil Cannella deemed that maybe 5% of the annuities on the market are good for consumers, the rest, not being worthy of looking. Furthermore, Phil Cannella says that some annuities should never see the light of day, specifically variable annuities which have so many hidden fees embedded in them, the average investor doesn’t understand them and worse the average financial advisor doesn’t understand them either and misrepresents them.

In constructing his Crash Proof Retirement system, Phil Cannella decided to utilize some fixed equity indexed annuities which are insurance products rather than a blend between an insurance product and a securities product. These indexed annuities provide for the preservation of wealth while also allowing for growth when the markets go up.

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Phil Cannella Sponsor of Children’s Hospital – Phil Cannella Media

Phil Cannella duty is to help

Phil Cannella – Phillip Cannella Media: Phil Cannella has made it a duty of his to help those in need of help in any way he can. Phil Cannella likes to give and one of the ways he has shown his giving over the years is through his humanitarian efforts in donating to the Children’s Hospital of Philadelphia(CHOP).

Phil Cannella helps seniors

In his daily work, Phil Cannella helps seniors 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 most in need of our help in getting their feet on the ground. In the last 3 years Phil Cannella has donated in excess of $150,000 to CHOP – Children’s Hospital of Philadelphia. CHOP is one of the largest and oldest children’s hospitals in the world, and United States’ first hospital dedicated to the healthcare of children. CHOP has been ranked as the best children’s hospital in the United States by U.S. News and World Report and Parents Magazine in recent years. As of 2012, it was ranked number one in the nation by U.S. News for six out of ten specialties.

Phil Cannella is very proud of what he has done to help our children and his dedication to its cause is heartfelt.

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Phil Cannella Large Donor of Children’s Hospital of Philadelphia – Phil Cannella Blog

Phil Cannella and his missions

Phil Cannella – Phillip Cannella Blog: Phil Cannella, has made it one of his missions in life to help children in need. Like many famous people, Phil Cannella dedicates his life to helping those in need. It is not just about protecting the nest eggs of seniors, Phil Cannella understands the cycle of life which is why he helps people from both ends of the spectrum: those newly arriving on Earth and those soon to leave.

Phil Cannella chose non-profits

There are many non-profits Phil Cannella could have chosen to lend his support to. He chose to help children in need, to help a place where the staff have dedicated their lives to giving a life back to children in need. This is the Children’s Hospital of Philadelphia.

As an act stemming right from the heart, Phil Cannella has gone on to become one of the leading donors to to the Children’s Hospital of Philadelphia.

The Daily Times News is quoted as saying, “Folcroft native Phil Cannella and Joann Small of First Senior Financial Group donated $65,000 on behalf of their Crash Proof Retirement Show® to the Children’s Hospital of Philadelphia.”

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Phil Cannella Explains a Roth IRA – Phil Cannella News

Phil Cannella explains key features

Phil Cannella – Phillip Cannella News: Phil Cannella explains some of the key features and benefits of a Roth IRA over a traditional IRA. As you can imagine, Phil Cannella takes a very tailored approach to every retirees nest eggs and a key aspect of it is assessing whether or not the given client’s IRA should remain as a traditional IRA or be converted to a Roth.

Phil Cannella and Roth IRA

This is what Phil Cannella says about the Roth IRA, “The IRS provides you with a powerful antibiotic that’ll cure your tax infested retirement accounts of the disease called ‘paying too many taxes’ and of the illness called ‘outliving your nest egg.’ The antidote comes in the form of an IRS law — the Roth conversion — which allows you to convert any IRA you own into a financial instrument that will grow tax-free.”

Phil Cannella looks at the IRAS in a very logical fashion. What you need to know is that to transform a tax-deferred account into a tax-free one, all you have to do is pay the taxes that are due at the time of the conversion. After that, the balance can grow tax-free for as long as you hold the account.

This is a great benefit of the Roth IRA according to Phil Cannella and one that we should all consider when doing our retirement planning.

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Phil Cannella, A True Benefactor of Children’s Hospital of Philadelphia – Phil Cannella Media

Phil Cannella – Phillip Cannella Media: Phil Cannella is a true supporter of the Children’s Hospital of Philadelphia. Over the years, Phil Cannella has come to the aid of children by donating to the hospital in volume and this is the real humanitarian side of Phil Cannella we truly love. Humanitarian acts are ones that show real benevolence, real kindness, a sort of unselfish attitude about life. When looking at Phil Cannella’s contributions one is truly looking at someone who has contributed in many ways to society and people in an unselfish manner.

Over a three year period, Phil Cannella donated in excess of $150,000 to the Children’s Hospital of Philadelphia. This is a real measure of a contribution to a facility that is giving life to people who are losing it. Phil Cannella’s benevolence doesn’t just shine through when it comes to this facility, it is also evident in how work with seniors day in and day out when he is educating them on the risks of retirement and offers solutions that offer safety and security to all as they age.

Phil Cannella has been warmly thanked by the many whom he has helped over the years in leading better lives.

Phil Cannella Learns Some Tough Lessons in Life – Phil Cannella Blog

Phil Cannella – Phillip Cannella Blog: Phil Cannella was not born into a family that was wealthy with the ability to hand him on a silver platter everything he needed to get going in life. Phil Cannella learned the hard way the rules of life and this learning molded him and gave him the strength needed to find his path and course in life – the helping of the American retiree to live a better and more secure retirement.

Phil Cannella watched as his dad took on 3 jobs just to cover all the bills and keep his grandpa in a nursing home. Phil Cannella witnessed how his grandpa’s retirement dreams evaporated before his eyes just months after retiring when he needed nursing home care. The mounting bills were too much for the family which is why Phil Cannella’s dad took on the three jobs.

This is also what gave Phil Cannella the impetus to find a solution for this very problem that not only afflicted his own family but families all across America. This was the launching pad that brought Phil Cannella into the insurance world almost 40 years ago now at first selling nursing home insurance now he offers more solutions to the problems facing the everyday retiree.

Phil Cannella’s Consumer Oriented Approach – Phil Cannella News

Phil Cannella – Phillip Cannella News: Phil Cannella took a very consumer oriented approach to the development of the Crash Proof Retirement System™. What Phil Cannella wanted was protections in place so that no one using the system could betray the very core of the purpose and intent of the system, which was to proof a retiree’s investment accounts against crashes.

Phil Cannella began his work on the Crash Proof Retirement System™ soon after the crash of 2001 when he saw so many people whose wealth was completely wiped out overnight. Over the next few years, Phil Cannella perfected the Crash Proof Retirement System™, adding important consumer protections.  Phil Cannella knew that many advisors were pushing financial vehicles that would land them the biggest commissions, rather than the ones that would work the best for their clients.  That’s why he founded the company First Senior Financial Group and he utilized employees who were paid salaries rather than commissions on sales. With no vested interest in selecting the investments, the team designing the crash proof retirement guides were free to design income solutions that truly worked for the consumer.

After over a decade of practicing this now, Phil Cannella can feel secure in having helped so many secure their own retirements.