Phil Cannella – Phillip Cannella in the News: Phil Cannella Tells Us Not to Let History Repeat Itself

Phil Cannella – Phillip Cannella News: Phil Cannella is a man who is not about to let another market crash affect the wealth and savings of the American retiree. Phil Cannella is going to do all Phil Cannella can to prevent that history from repeating itself. Phil Cannella has much to say on this subject; “Since this calamitous event [1929 crash], our economy has experienced 15 stock market crashes, the most recent being the credit crisis and huge market drops of 2007 and 2008. In this Read More +

Phil Cannella – Phillip Cannella in the News: Phil Cannella Harks Back on the 1929 Stock Market Crash

Phil Cannella – Phillip Cannella News: Phil Cannella has done a good study of the history of the financial markets in the United States and examined their peaks and their crashes. He sheds some interesting light on the well-known crash of 1929 that brought about the Great Depression. Phil Cannella very wisely points out: “In 1929, American investors suffered the worst financial crisis in history, bearing witness to a mass economic collapse that decimated their savings. The effects of the crash were cruel and long-lasting. As Read More +

Phil Cannella – Phillip Cannella in the News: Phil Cannella Urges You to Crash Proof Your Retirement

Phil Cannella – Phillip Cannella News: Phil Cannella, quite astutely points out, “There’s no lack of articles written about reaching retirement, enjoying retirement and what to do in retirement. But when’s the last time you read about Crash Proofing your retired years?” Phil Cannella is no stranger to helping people in their retired years, it’s what he does day in and day out. Every single week, Phil Cannella conducts an educational event to provide people in their retired years as well as those approaching retirement with Read More +

Phil Cannella – Phillip Cannella in the News: Phil Cannella Explains his Life-Long Mission

Phil Cannella – Phillip Cannella News: Phil Cannella is a man who goes about life with a purpose, with a mission, one of senior advocacy. Phil Cannella’s lifelong mission of Senior Advocacy began when he was quite young, when he saw firsthand the ravages caused by an illness as an elder family member aged.  This is an issue many families face and it is a problem staring America in the face. When Phil Cannella’s grandfather suffered a stroke, he ended up in a nursing home. The Read More +

Phil Cannella – Phillip Cannella in the News: Phil Cannella Pioneers Long Term Care

Phil Cannella – Phillip Cannella News: Phil Cannella has made a name for himself as a man who believes and fights for a cause. Phil Cannella started his career in the 1970s pioneering long term care. While today Phil Cannella is well known for Phil Cannella’s Crash Proof principles, there is yet an even more insidious threat to one’s nest egg. If it is not a market crash that can wipe out your life savings, it is the need for nursing home care as one ages. Read More +

Phil Cannella – Phillip Cannella in the News: Phil Cannella’s Clients Tell All

Phil Cannella – Phillip Cannella News: Phil Cannella is not your run-of-the-mill financial advisor. Phil Cannella is a man who stands behind what some may just think is a marketing cliché. If you live in the Phildalelphia area you may very well have heard of the Phil Cannella Crash Proof Retirement Show® or the host of the show, Phil Cannella. If you haven’t, well, tune in to CBS radio 1210 WPHT on the Saturdays at 11am and listen to the Crash Proof Retirement Show® hosted by Read More +

Phil Cannella Interviews Andrew Huszar: Part 8

Phil Cannella – Phillip Cannella News Phil Cannella: “Can we talk about the real organization that runs this country – that I would call lobbyists? Isn’t that what Congress responds to – the buck coming in and being lobbied?” Andrew Huszar: “I think it’s a huge problem; the influence of money in our politics. I didn’t work in a part of the Government in which we dealt with lobbyists. The Fed has remained somewhat independent from that world of Congress, but I would agree with Read More +

Phil Cannella Interviews Andrew Huszar: Part 7

Phil Cannella – Phillip Cannella News Phil Cannella: “Why didn’t the banks lend money? They were given $1 trillion. Why did the government depend on it being trickled down? That’s like us giving a thief the keys of our car and say, ‘valet park it for me.’ Why would it be that way? Why wouldn’t these banks lend the money out?” Andrew Huszar: “Well I think ultimately because they got so much, and this is my opinion, but I think they got so much, they Read More +

Phil Cannella Interviews Andrew Huszar: Part 6

Phil Cannella – Phillip Cannella News Phil Cannella: “What factors drove you to writing your Op-Ed?” Andrew Huszar: “I think you can look across a number of policies in the Government and say to yourself, ‘do both of these political parties have an idea of what they’re really doing or are they being just, are they talking to the wrong people, are they having the wrong ideas?’ I’m just very frustrated and the reason ultimately I spoke up is because I wanted to try to Read More +

Phil Cannella Interviews Andrew Huszar: Part 5

Phil Cannella – Phillip Cannella News Phil Cannella: “Are these bond purchasing programs creating a bubble that will eventually pop and cause problems for the everyday investor?” Andrew Huszar: “I think that there’s always a risk reward. That’s how I would have looked at it when I was sitting in my seat in The Fed. What are the costs of the program versus what are the benefits? To me, the benefits are pretty minimal and to me, the costs are one, that we are pumping Read More +

Phil Cannella Interviews Andrew Huszar: Part 4

Phil Cannella – Phillip Cannella News Phil Cannella: “So you believe The Fed has become increasingly tied to Wall Street?” Andrew Huszar: “I do, but I believe there is a larger issue, which is that I think The Fed feels as if it’s the only game in town in trying to help what is a very poor economic picture in America. And so Congress is gridlocked, we’re not getting a lot of creative policy making from the executives in terms of real structural reforms in Read More +

Phil Cannella Interviews Andrew Huszar: Part 3

Phil Cannella – Phillip Cannella News Phil Cannella: “What does Wall Street think about the everyday investor, and is it just about the corporate profits? When is it going to be about the investor that has been the backbone of the financial economy in this country?” Andrew Huszar: “That’s a great question, and I think it’s hard to paint all of Wall Street with one brush, because there are obviously different types of corporations, and some that are better about worrying about investors than others. Read More +

Phil Cannella Interviews Andrew Huszar: Part 2

Phil Cannella – Phillip Cannella News Phil Cannella: “These mortgage-backed securities… isn’t this a result of a federal program known as “everyone can afford a mortgage” back in ’03?” Andrew Huszar: “Yes, I think it goes beyond that. It really goes back to the early 80s in the U.S. when we came up with the new model where, rather than make loans and hold on to them, banks increasingly began to make loans and package them into securities and sell them to investors. So this Read More +

Phil Cannella Interviews Andrew Huszar: Part 1

Phil Cannella – Phillip Cannella News Phil Cannella: “We have none other than the quarterback of quantitative easing, QE 1, and his name is Professor Andrew Huszar. Andrew, thank you so much for being on the show.” Andrew Huszar: “Thank you for having me on.” Phil Cannella: “You’re Welcome. Now I understand you managed, for The Federal Reserve Bank of New York, the $1.25 Trillion mortgage-backed securities purchase programs. Tell us a little more about these mortgage-backed securities.” Andrew Huszar: “OK, so Quantitative easing… I Read More +

Phillip Cannella – A Media Mogul

Phil Cannella – Phillip Cannella News Phillip Cannella has entered into all facets of the media landscape. His goal – based on the principle of a strong ‘education foundation’ – is to bring the news of an alternate approach to retirement finance to the masses. And Phillip Cannella is making waves. People all across the Delaware valley speak of hearing Phil’s story on the radio, and come into the First Senior Financial Group world headquarters to learn more. But it does not merely end with Read More +

Phil Cannella Reinvents the Nature of Education

Phil Cannella – Phillip Cannella News Given Phil Cannella’s early difficulties with his school, teachers and classmates, one might assume that he would have given up on the education-based learning model. Instead – he returned to it. He returned to give it a second shot – by seeking out additional instruction from his former second grade teacher Mrs. Silvia. Phillip Cannella then found a place in Cheyney university, which awarded him a scholarship first place performance in the Marines Youth Physical Fitness Program. Today, Phillip Read More +

Phil Cannella’s Roots in the 1960’s Education System

Phil Cannella – Phillip Cannella News Phil Cannella’s storied history with the education system began in grade school, with challenges that would shake even the most confident student. There, he was singled out because of his difficulties with ADHD and dyslexia. The system could not handle a child who did not conform to the modes of ‘correct’ behavior, so Phillip Cannella was often left alone in the hall outside the classroom. Here, he was befriended by Kenny, the janitor, who had muscular dystrophy. Phillip Cannella Read More +

Phil Cannella Interviews Alicia Munnell: Part 22

Phil Cannella – Phillip Cannella News Phil Cannella: “We fell upon a study from Wharton School of Business, and to be more specific it was a gentleman by the name of Babbel, Dr. David Babbel. Are you familiar with that person?” Alicia Munnell: “I don’t know that person.” Phillip Cannella: “He’s a fellowship member of Wharton School of Business University of Pennsylvania, and because we don’t mention specific investment accounts, but we do mention categories, for lack of a better word so our listeners do Read More +