Category Archives: Phil Cannella News

How the Brexit Vote Affected Your 401(k)

If you haven’t checked your online 401(k) account after the Brexit vote, you probably should consider a status check. Headlines have been all over the news saying that stocks around the world are experiencing sell-off because of the Brexit. The Brexit wasn’t a good thing for investors, and it definitely scared a lot of them. If you have a high allocation of stocks overseas, it’s especially scary. However, some financial experts are saying not to worry about your 401(k). 401(k) s are supposed to be Read More +

What to Do Now That You Qualify for Medicare

If you’re getting close to the retirement age of 65, then you’re definitely not alone. Between now and 2030, 10,000 individuals will turn 65 year old- every day! So now it’s time to sign up for Medicare. But Medicare produces many, many questions for a lot of individuals. So here are some things that you should know before/while signing up for Medicare. You are able to sign up for Medicare the moment you turn 65. And you can’t drag your feet either; because any delay Read More +

Phil Cannella Crash Proofs the Retirement of Shirley White

The exclusive Crash Proof Retirement System, created by Phil Cannella, has helped thousands of people secure their retirement futures. That includes Crash Proof Consumer Shirley White, a retired nurse from Blue Bell, PA. Shirley came to Crash Proof Retirement after listening to The Crash Proof Retirement Show, heard weekly on 1210 AM WPHT in Philadelphia and 1290 WJNO in West Palm Beach, Florida. Watch Shirley White’s Crash Proof Retirement testimonial below. One of the biggest highlights of Shirley’s proprietary Crash Proof Retirement System was the Read More +

Phil Cannella Talks Consumer Protection with Leading Consumer Advocate

Phil Cannella, host of the Crash Proof Retirement Show & founder of the proprietary Crash Proof Retirement System conducted an exclusive interview with Barbara Roper– the Director of Investor Protection for the Consumer Federation of America. Ms. Roper’s appearance on The Crash Proof Retirement Show paralleled her impressive career spent thoroughly dedicated to consumer advocacy causes. As a member of AARP’s “Money-After-50” program she has worked hard to benefit older Americans and specifically, people in or near retirement. Barbara Roper is also the nation’s leading Read More +

Phil Cannella Helps Women In Retirement

Phil Cannella and Joann Small continue to stress how important it is for women to be educated on retirement issues. 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 with the grandchildren, but an equally important element is assuring their financial security in retirement. Joann Small-President and CEO of First Senior Financial Group (home of the exclusive Crash Proof Retirement System) & co-host of Read More +

Phil Cannella Explains What to Consider Before Purchasing Long-Term Care Insurance

Phil Cannella is a seasoned professional in the insurance industry, and a man who has spoken to thousands upon thousands of consumers about long term care insurance. He says there are a number of factors one must consider when looking at taking out a long term care insurance policy. For example, Phil Cannella says that you shouldn’t buy more insurance than you think you may need. If you have enough income to pay a portion of your care costs then you may only need a Read More +

Phil Cannella: A Pioneer in Crash Proofing Retirements

In the 1970s Phil Cannella was a pioneer in developing long-term care insurance, which today helps millions of retired people afford the continuing medical care they need. Phil Cannella chose it as a career after seeing first-hand what could happen to a family if someone needed nursing home care but couldn’t afford it. It’s exactly what happened to Phil Cannella’s grandfather when he was a young man and it had a lasting effect. Phil saw that he could help other families by providing a solution Read More +

Phil Cannella Exposes the Risks of Variable Annuities

Phil Cannella makes it crystal clear that if there is any one single investment that has no place in a Crash Proof Retirement System, it is the Variable Annuity. A variable annuity is subject to market volatility in such a way that if the markets tank or merely goes through a “correction” the variable annuity loses value. Unlike other types of annuities, Variable Annuities have many hidden fees that are charged to the account regardless of the performance of the underlying investment fund. Annual fees Read More +

Phil Cannella tells Retirees Not to Rely on Social Security

With the recent passing of the bipartisan budget deal by congress, numerous changes have been made to Social Security claiming strategies to effectively reduce benefits in order to close what some term as “loopholes”. Whether these were in fact loopholes or not is another question. The point is; we have to make is that we must consider just how much we should rely on Social Security as part of a retirement plan. If the changes were not enough, the fact also remains that 2016 will Read More +

Phil Cannella Explains His Philosophy

Phil Cannella is not just a man of finance but a person who seeks to help others facing retirement in every way possible. In his book; Crash Proof Retirement, The Planning Isn’t Over, Phil Cannella explains and reviews several very fundamental philosophies. One of these is that we should learn from the past and never let history repeat itself. By doing so, we can better control our future and thereby live a better life. As Phil Cannella explains, a brief study of the history of Read More +

Phil Cannella Talks Guarantees from Insurance Industry

Phil Cannella recognized long ago that the financial industry lacked any semblance of truth and one of the reasons many retirees lost so much money in each of the last several market crashes of the past decade was the misinformation given by mainstream media that led to people investing in the market. In contrast, Phil Cannella sought to shed some light on the financial industry through his exclusive Crash Proof Retirement Educational Events, where he educates the everyday consumer on the little known, important bits Read More +

Phil Cannella Expertise Praised by Clients

It is one of the most distinctive features of Phil Cannella’s Exclusive Crash Proof Retirement System. Every consumer who comes in for the educational process, regardless of their net worth, is treated with the same attention and respect. Each person who walks through the doors of First Senior Financial Group (home of the proprietary Crash Proof Retirement System) is given the same level of  service as the next client. Each is educated in exactly the same way in order that they can make their own Read More +

Phil Cannella Talks About Safe Alternatives to Wall Street

Phil Cannella spent many years developing the proprietary system he uses to help seniors safeguard their financial futures. It is known today as the Crash Proof Retirement System and is an exclusive system used by First Senior Financial Group, the company Phil founded many years ago. What Phil Cannella had witnessed in 2002 and again in 2008 when the stock market crashed is something he vowed to prevent in any and every way he could. He saw so many investors lose what they had worked Read More +

Volkswagen’s Stock Value Alarms Phil Cannella

Perhaps it is now long forgotten, but as recent as the last major stock market crash in 2008/2009, Phil Cannella saw some of the largest U.S. firms, true icons of the “strength” of the American economy, come to a complete collapse. He witnessed General Motors, who filed for bankruptcy and left all stockholders and bondholders empty handed. Yet this firm and others like it received a nice bailout from the federal government, reappeared on the stock market under a new ticker, and landed huge profits Read More +

Phil Cannella, Helping Lives One at a Time

When we look over the financial services industry you have to search hard and long to find an investment manager, investment advisor or other financial professional who truly stands by his clients working purely and only in their client’s best interest. Too often a financial professionals’ mind and judgment is warped by higher commission paying products that are better for themselves but not for the person or investor who has laid faith and trust in them. This is what separates out Phil Cannella from the Read More +

Here’s Why Women Need to Save More Money Than Men

Everybody works towards a smooth and comfortable retirement through saving money, paying taxes and monitoring personal investments. The everyday American expects to retire around the 65th year of life, however, the playing field may not be as even as once speculated among male and female retirees. Although both men and women face similar retirement-savings challenges and obstacles, the challenges we face are more frequent for our female counter-parts. To have a half decent level of income in retirement years, females, on average, who already are Read More +

Phil Cannella and Joann Small Celebrate Moms

Crash Proof Retirement Show-Happy Mother’s Day! Last week on The Crash Proof Retirement Show, Phil Cannella and Joann Small commemorated Mother’s Day by paying special tribute to the most important woman in all of our lives. “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 Read More +

Phil Cannella Offers Three Things You Should Know In Retirement

This past Saturday on The Crash Proof Retirement Show, Phil Cannella and Joann Small took a closer look at the thing they do best: educating consumers in or near retirement. Phil and Joann accomplish this not only through The Crash Proof Retirement Show, but through educational events around the Philadelphia region and by hosting consumers each and every day at their headquarters in King of Prussia, Pa. This week, Phil Cannella highlighted the three things that any consumer in or near retirement must consider when Read More +

Phil Cannella Combines Fiduciary Duty and Consumer Advocacy

Over his 40-year career in the insurance industry, 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 are working primarily for their own financial gain over those of the people they serve. This is unfortunately the state of affairs Read More +

Phil Cannella Interviews Experts On Crash Proof Vehicles

As Crash Proof Retirement Founder, Phil Cannella travels throughout the tri-state area to educate people in or near retirement on safe alternatives available outside of Wall Street. While each Crash Proof Retirement educational event is a unique event, chances are if you’ve attended an event, you’ve heard Phil Cannella make one strong, declarative statement. “My name is Phil Cannella, and I say the financial industry is stacked against you, the everyday American investor.” Throughout the event, Cannella uses a series of examples and anecdotes from Read More +

Phil Cannella Prevails Over Unscrupulous Competitors

Phil Cannella, as an insurance and financial professional for almost forty years, has helped tens of thousands of consumers protect themselves against the risks they face as they head into retirement. His Crash Proof Retirement System is a testament to this very mission in that he has devised a means to protect the nest egg of an individual or family from stock market volatility. Speaking to any of his thousands of clients, you will find a common thread among them all, not one single one Read More +

Phil Cannella and Crash Proof Retirement Celebrate CHOP’s Child Life Month

Phil Cannella, Joann Small and Crash Proof Retirement are proud of their association with Children’s Hospital of Philadelphia. March is Child Life Month at The Children’s Hospital of Philadelphia (CHOP), and the Hospital is celebrating with this video from their Child Life, Education and Creative Arts Therapy department! Crash Proof Retirement stands alone as the largest single donor in the history of the WOGL Loves Our Kids Radiothon, dating back to 2010. This past December, Phil Cannella and Joann Small donated another $50,000 to CHOP, pushing Read More +

Phil Cannella Pierces Deception With The Sword Of Truth

Phil Cannella has the power and strength of the sword of truth behind him. It is the very strength inherent in this sword and it is the power it bestows upon he who wields it, that requires that someone with high integrity, ethics and morals use it for the betterment of all and not just the betterment of one. Bringing truth to the American retiree is a mission Phil Cannella has taken upon himself. This began many years ago when he brought solutions to seniors Read More +

Phil Cannella Exposes Hidden Fees In Mutual Funds

Phil Cannella knows that the Statement of Additional Information is Wall Street’s dirty little secret. But he admits that Wall Street’s done a great job of keeping that secret—so great, in fact, that most financial advisors don’t even know the Statement of Additional Information exists! “We’ve all heard about the Book of Prospectus—because we all read it cover to cover!” Phil Cannella joked at a recent Crash Proof Retirement educational event. “In that book, you can find out about the hidden fees your advisor never Read More +

Phil Cannella Explains The Importance Of Fiduciary Responsibility

Phil Cannella educates hundreds of Philadelphia-area retirees each week at Crash Proof Retirement educational events. Phil Cannella arms attendees with truth backed up by statistics, charts and taped interviews with some of the most important financial authorities in the United States. But perhaps the most important thing Phil Cannella does at these events is to ask attendees one simple question: “Have you ever heard of a fiduciary responsibility?” Over the year, Phil Cannella has found that many people do not understand the concept of fiduciary Read More +

Phil Cannella Challenges Wall Street

Phil Cannella has had to face some tough challenges in his effort to make changes to the financial services industry and bring about reforms on Wall Street. It is not uncommon knowledge that Wall Street is fraught with white collar crime. Industry professionals are often seeking to take advantage of unwitting and gullible consumers. Industry insiders are often working for their own financial gain over those of the people they serve. This is unfortunately the state of affairs within the financial services sector, but it Read More +

Phil Cannella Crash Proof Retirement:Phil Cannella Reveals How Time Really Does Equal Money – Phil Cannella Crash Proof Retirement

Phil Cannella Crash Proof Retirement Phil Cannella Crash Proof Retirement – Phillip Cannella Crash Proof Retirement: Phil Cannella Crash Proof Retirement has devoted his life to helping American retirees retire safely and securely, because if there’s one thing Phil Cannella knows, it’s that a retirement savings that took a lifetime to accumulate can disintegrate before your eyes. Phillip Cannella Crash Proof Retirement The way Phil Cannella sees it, your retirement fund represents moments of your life that you have put into acquiring it. You’ve worked and waited a Read More +

Phil Cannella’s Tips for Living Without Taxes During Retirement – Phil Cannella News

Phil Cannella proves time and time again that it really is possible to live out your golden years comfortably, receiving a steady income that allows you to maintain the lifestyle you are used to without handing over a large part of it to the IRS. The problem is that living without taxes during your retirement years requires specialized strategies that are only known about by retirement specialists. Phil Cannella’s Steps to Living Tax-Free During Retirement: 1) Team up with a retirement specialist. 2) Convert your Read More +

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 Read More +

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 Read More +

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 Read More +

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

Phil 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 Read More +

Phillip Cannella News: Phil Cannella Details Some of the Benefits of a Reverse Mortgage

Phil Cannella – Phillip Cannella News: Phil Cannella makes a point that a reverse mortgage can be very handy for a retiree who is in need of cash to cover some of their retirement expenses as a reverse mortgage is a loan available to homeowners 62 years or older that enables them to convert part of the equity in their home into cash. Phil Cannella makes a point that it makes no sense for retirees to face the risk of a catastrophic health event because they can’t Read More +

Phillip Cannella News: Phil Cannella Talks About the Fees in Variable Annuities

Phil Cannella – Phillip Cannella News: Phil Cannella is strongly opposed to variable annuities and is very vocal about it. Rightly so quite frankly as these financial products are not always well explained to the consumer who then gets locked into one and ends up paying the price. Phil Cannella explains some of the fees associated with these products and it is quite appalling really. When you lock yourself into a variable annuity, you’ll also have the insurance company to contend with and its own set of Read More +

Phillip Cannella News: Phil Cannella Explains Annuities in Layman Terms

Phil Cannella – Phillip Cannella News: Phil Cannella realized early on that the average consumer did not understand the financial products available to him or her to invest in. He also realized that bad press about the industry as a whole and insurance agents without scruples have had a hand in destroying the reputation of some otherwise real good insurance products, including most specifically annuities. How Phil Cannella explains an annuity is actually pretty simple: “Annuities aren’t as intimidating as you might think.  Take, for instance, our Read More +

Phillip Cannella News: The Inspector General of the SEC Admits to Phil Cannella That Fraudsters Are Always Ahead of the Government

Phil Cannella – Phillip Cannella News: Phil Cannella manages to uncover shocking details over and over again with his hard-hitting, well thought-out interview questions. This clip from his two-hour interview with H. David Kotz, the then Inspector General of the Securities and Exchange Commission, is no different. When Phil Cannella asked if the SEC is a reactive organization or a proactive organization when it comes to their attempts to prevent corruption within the securities industry, Kotz first answers by saying that the SEC tries to be proactive Read More +

Phillip Cannella News: Phil Cannella Says Only 5% of Annuities are Good for Consumers

Phil Cannella – Phillip Cannella News: Phil Cannella, like others, has some harsh words to say about many annuities. We hear in the press all the time how one person or another has been taken advantage of by a bad financial advisor in convincing the person to buy an annuity. Phil Cannella says much the same, many annuities out on the market are truly horrific and should never be sold to a consumer. As Phil Cannella puts it: “There’s a heap of bad press surrounding annuities. Read More +

Phillip Cannella News: Phil Cannella Explains Why Bank Accounts Are a Bad Idea

Phil Cannella – Phillip Cannella News: Phil Cannella Phil Cannella helps American retirees safeguard their hard-earned nest egg, and today’s tip is to avoid one of the most popular methods retirees use to keep their money “safe.”   Everyday bank accounts (savings accounts, money market accounts or CDs) may appear to be safe, and while this is somewhat true, the maximum amount that is legally insured by the FDIC is only $250,000. Also, bank accounts don’t yield high enough interest to provide retirees with steady income Read More +

Phillip Cannella News: Phil Cannella is a Passionate Man

Phil Cannella – Phillip Cannella News: Phil Cannella is certainly passionate about what he does, and being passionate is a trademark of successful entrepreneurs. If you’re going to adopt a purpose or goal, if you’re going to set your sights on an objective, you have to have enough drive to continue on that course to bring about final success and victory. Phil Cannella assumes just this view in his passion to help the American retiree.   Phil Cannella sees too many retirees being taken advantage of. He Read More +

Phillip Cannella News: Phil Cannella Navigates You Through the Unknown

Phil Cannella – Phillip Cannella News: Phil Cannella makes a good point where he discusses that it is the ignorance and lack of knowledge of the financial world that many financial advisors prey upon in order to make a fast buck without regard to the futures of the people they are working with.   Phil Cannella built his system on a level of truth, one which is designed not to profit at a consumer’s loss, but to assist the consumer in achieving their goals. Coming back to Read More +

Phillip Cannella News: Phil Cannella Explains the Sword of Truth

Phil Cannella – Phillip Cannella News: Phil Cannella utters some deep words when he says that he wields the Sword of Truth. What exactly is that you may ask? In the words of Phil Cannella himself, “in my personal life, as in my financial practice, I have strived to wield what I call the Sword of Truth. The Sword of Truth represents the philosophies by which I choose to live and is a simple yet powerful concept. It is a double-edged sword; one edge represents accurate information Read More +

Phillip Cannella News: Phil Cannella takes the Pulse of the American Retiree

Phil Cannella – Phillip Cannella News: Phil Cannella has been a senior advocate and consumer defender for over 39 years.  Through is newly formed media company, Retirement Media Inc., he strives to disseminate truth and logic to the American retiree, in order to help them avoid the risks and fees of Wall Street.  Each week, Phil Cannella speaks at educational events, during which, he teaches consumers about safe alternatives outside of Wall Street called Crash Proof Retirement™ vehicles.   Following each event, Phil Cannella and Retirement Media’s Read More +

Phillip Cannella News: Phil Cannella Explains His Skepticism of the Insurance Industry

Phil Cannella – Phillip Cannella News: Phil Cannella, when he began his foray into the problems and concerns of people in their retired years and most specifically when he was looking for a solution to prevent other families from facing the same problems that had hit his family when his grandpa needed nursing home care, turned to the insurance industry. An industry Phil Cannella was skeptical of. According to Phil Cannella: “I was skeptical of insurance in general, and who wouldn’t be? After all, insurance companies Read More +

Phil Cannella – Phillip Cannella in the News: Phil Cannella Comments on the Golden Years of One’s Life

Phil Cannella – Phillip Cannella News: Phil Cannella is driven by a passion to see the American retiree enjoy his or her retirement. The only way he or she can do that, says Phil Cannella, is that if the money they have been saving through their working years is protected and safeguarded against market risk. Phil Cannella explains, “As Americans we have been trained to regard retirement as the final financial milestone – a rewarding experience often spent on extended vacations, quality time with grandchildren and Read More +

Phil Cannella – Phillip Cannella in the News: Phil Cannella Says Don’t Let a Locust Eat Your Financial Crops

Phil Cannella – Phillip Cannella News: Phil Cannella is sharp to point out that financial predators, those with vested interests who are in a position to manipulate the markets, through market crashes can wipe out much of your nest egg in one short breath. This is why Phil Cannella urges us to look outside the box and instead at products that can secure us a safe retirement. Phil Cannella likens this to a locust devastating a crop; “In theory, retirement can be regarded as one’s harvest Read More +

Phil Cannella – Phillip Cannella in the 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 Read More +

Phil Cannella – Phillip Cannella in the News: Phil Cannella on the History of Financial Catastrophes

Phil Cannella – Phillip Cannella News: Phil Cannella has witnessed first-hand the devastation a market crash can have upon an individual or a family, and most especially a retiree. Phil Cannella points out that these market crashes are cyclical, meaning they occur again and again. In fact, in Phil Cannella’s book he makes this astute observation; “Despite these historic financial catastrophes, the stock market hasn’t evolved in a way that safeguards your retirement during economic downturns. There is no financial security model that functions well in Read More +

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 +