Phil Cannella – Phillip Cannella Media: Phil Cannella is not a proponent of many annuities, especially for seniors in their retired years. He explains that the annuity just isn’t right for some and also some annuities are just not right for almost anybody. However, Phil Cannella also recognizes those annuities which truly have value and provide seniors with a certain level of safety and growth no other financial vehicle can provide.
Phil Cannella amplifies on this here: “To counter any ideas that I may have a biased affinity for annuities, I’ll reiterate that only about 5% to 6% of all products in the annuity arena are appropriate for seniors. It’s those select few that fall within that small spectrum that I recommend to seniors wishing to do everything possible to guarantee they don’t outlive or outspend their money. When you know what features to look for in an annuity, these instruments can be powerful financial tools that supply you with safety, potential growth ahead of inflation, tax-deferred accumulation and additional income in your retired years.”
All of this is a key component of Phil Cannella’s crash proof retirement system which is designed to protect the assets of a client against market crashes so that he or she can feel secure that they will never lose a penny of principal and that they have their nest egg safe and secure.