Phillip Cannella Blog: Phil Cannella Says Get Rid of the Tax Infestation in Your Retirement Accounts

Phil Cannella – Phillip Cannella Blog: Phil Cannella is a believer in what is known in the industry as a Roth conversion and he explains this in some detail. Essentially it lets you grow your retirement account tax-free rather than tax-deferred, something that could be of great value depending on one’s retirement goals, one’s assets, one’s willingness to face risk, and other factors.

In Phil Cannella’s own words: “When your retirement advisor converts your tax-deferred retirement account into a Roth, it gets transformed from a tax-infested account into one that provides you with tax-free income that you can use at any age and for the rest of your life.  And if managed properly, this tax-free account will be around for your heirs to enjoy because they can stretch the account over their life expectancies.

“Imagine that, a retirement account that grows over your entire lifetime, not only during your working years, but through your golden years; an account that’s tax-free, repels market risk and can be parlayed into three generations of non-taxable income.  What a gift that would be to provide your spouse, children, grandchildren and yourself with a safety net, meanwhile leaving a legacy, a lasting imprint of the moments and sacrifices of your life.”

Find out more about this by reading Phil Cannella’s book Crash Proof Retirement, The Planning Isn’t Over.

One thought on “Phillip Cannella Blog: Phil Cannella Says Get Rid of the Tax Infestation in Your Retirement Accounts

  • 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.