Phillip Cannella Blog: Phil Cannella Says Things Can Get Tricky in the Retirement Phase of Life

Phil Cannella – Phillip Cannella Blog: Phil Cannella has eyed the challenges those in their retired years face which are frankly quite unique and different to the challenges people in the accumulation phase of their life have to deal with. Anyone working with seniors needs to understand their idiosyncrasies if one desires to help them.

Phil Cannella makes this observation: “During the Accumulation Phase, you work, save and invest for your retirement.  That’s it – that’s the Accumulation Phase.  You invest your savings in such a way that they (hopefully) grow into a sizable nest egg by the time you’re ready to retire.  But things get tricky in the Retirement Phase when you’re ready to harvest, to start pulling out that money – and you come face to face with risk that didn’t exist before.”

To that end, Phil Cannella, urges us to take the risk out of lives, financially speaking, so that we can live in the comfort of knowing that our nest egg is safe from preying vultures in the form of Wall Street and other vested interests who seek to manipulate the markets in order to further their own ends and thereby line their own pockets. If we are exposed to that risk we could lose some or a lot of our nest egg that we need to get through the retirement phase.


One thought on “Phillip Cannella Blog: Phil Cannella Says Things Can Get Tricky in the Retirement Phase of Life

  • 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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