Phillip Cannella Blog: Phil Cannella Reveals 2 of the Best Client-Driven Financial Vehicles

Phil Cannella – Phillip Cannella Blog: Phil Cannella helps American retirees protect their nest egg so that they can enjoy the retirement they deserve and worked so hard for. He suggests that in your retirement years you put your money in client-driven accounts (money instruments that favor the owner instead of the advisor) especially those that are specifically designed for American retirees. Let’s look at two of them now…

Exclusion Ratio

One of the ways Phil Cannella helps his clients legally refrain from reporting 85% of their income is with the Exclusion Ratio, which is the portion of your annuity’s income that the IRS considers a return of your original principal. By owning certain insurance products, you can reduce the income tax you’re required to pay down to only 15%.

Sleep Well Accounts

Insurance products are what Phil Cannella calls “sleep well accounts” because while they protect your portfolio against a downswing, they also allow it to grow during an upswing.

If you’ve heard of these two client-driven financial vehicles, it is probably because you are working with a financial advisor who specializes in the retirement years. Phil Cannella always suggests retirees work with a financial advisor who specializes in retirement; otherwise you are putting your nest egg in the wrong hands.


One thought on “Phillip Cannella Blog: Phil Cannella Reveals 2 of the Best Client-Driven Financial Vehicles

  • 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.

Comments are closed.