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

Phil Cannella proves time and time

Phil Cannella • Phillip Cannella

Phil Cannella • Phillip Cannella

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 retirement accounts into tax-free accounts to rid them of tax-infestation.
3) Enjoy a tax-free retirement.

If your financial advisor is telling you there is no way around the Required Minimum Distributions (RMD) that start at age 70½, you are not dealing with a retirement specialist. That one mistake, as Phil Cannella points out, could mean you will have to take money from your accounts whether you need it or not, pay the taxes on the distributions and potentially increase your tax bracket.

When you convert your tax-infested retirement accounts into tax-free accounts, no RMDs are imposed upon you. It’s one more reason why Phil Cannella suggests time and time again that retirees need to work with a specialist and not a general financial advisor.

One thought on “Phil Cannella’s Tips for Living Without Taxes During Retirement – Phil Cannella News

  • 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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