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

    Phil Cannella – Champion of Consumer Advocacy
    With the uncertainty and volatility of the market, Phil Cannella, with First Senior Financial Group, prides himself on ensuring a safe retirement future for senior consumers. With an unparalleled devotion to educating seniors, Phil Cannella works endlessly to know and understand the ever changing tax laws and economic changes that can adversely affect one’s nest egg. Thousands of senior citizens have gone through First Senior Financial Group’s education process and learned how to have up to an 85% tax free retirement income.
    As if that isn’t reason enough to respect Phil Cannella, the truly amazing thing about how he runs First Senior Financial Group is that he never takes a dime from the seniors who come to him to be educated. Everything he teaches and everything he offers comes free of charge. That is the true mark of a consumer advocate, someone who cares enough to help you without asking for anything in return.

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