Tag Archives: Phillip Cannella

How the Brexit Vote Affected Your 401(k)

If you haven’t checked your online 401(k) account after the Brexit vote, you probably should consider a status check. Headlines have been all over the news saying that stocks around the world are experiencing sell-off because of the Brexit. The Brexit wasn’t a good thing for investors, and it definitely scared a lot of them. If you have a high allocation of stocks overseas, it’s especially scary. However, some financial experts are saying not to worry about your 401(k). 401(k) s are supposed to be Read More +

What to Do Now That You Qualify for Medicare

If you’re getting close to the retirement age of 65, then you’re definitely not alone. Between now and 2030, 10,000 individuals will turn 65 year old- every day! So now it’s time to sign up for Medicare. But Medicare produces many, many questions for a lot of individuals. So here are some things that you should know before/while signing up for Medicare. You are able to sign up for Medicare the moment you turn 65. And you can’t drag your feet either; because any delay Read More +

Phil Cannella Crash Proofs the Retirement of Shirley White

The exclusive Crash Proof Retirement System, created by Phil Cannella, has helped thousands of people secure their retirement futures. That includes Crash Proof Consumer Shirley White, a retired nurse from Blue Bell, PA. Shirley came to Crash Proof Retirement after listening to The Crash Proof Retirement Show, heard weekly on 1210 AM WPHT in Philadelphia and 1290 WJNO in West Palm Beach, Florida. Watch Shirley White’s Crash Proof Retirement testimonial below. One of the biggest highlights of Shirley’s proprietary Crash Proof Retirement System was the Read More +

Phil Cannella Talks Consumer Protection with Leading Consumer Advocate

Phil Cannella, host of the Crash Proof Retirement Show & founder of the proprietary Crash Proof Retirement System conducted an exclusive interview with Barbara Roper– the Director of Investor Protection for the Consumer Federation of America. Ms. Roper’s appearance on The Crash Proof Retirement Show paralleled her impressive career spent thoroughly dedicated to consumer advocacy causes. As a member of AARP’s “Money-After-50” program she has worked hard to benefit older Americans and specifically, people in or near retirement. Barbara Roper is also the nation’s leading Read More +

Phil Cannella Helps Women In Retirement

Phil Cannella and Joann Small continue to stress how important it is for women to be educated on retirement issues. With everything our mothers do for us throughout our lifetimes, we all want to see them enjoy their golden years to their fullest extent. Part of that is spending time with the grandchildren, but an equally important element is assuring their financial security in retirement. Joann Small-President and CEO of First Senior Financial Group (home of the exclusive Crash Proof Retirement System) & co-host of Read More +

Phil Cannella Explains What to Consider Before Purchasing Long-Term Care Insurance

Phil Cannella is a seasoned professional in the insurance industry, and a man who has spoken to thousands upon thousands of consumers about long term care insurance. He says there are a number of factors one must consider when looking at taking out a long term care insurance policy. For example, Phil Cannella says that you shouldn’t buy more insurance than you think you may need. If you have enough income to pay a portion of your care costs then you may only need a Read More +

Phil Cannella: A Pioneer in Crash Proofing Retirements

In the 1970s Phil Cannella was a pioneer in developing long-term care insurance, which today helps millions of retired people afford the continuing medical care they need. Phil Cannella chose it as a career after seeing first-hand what could happen to a family if someone needed nursing home care but couldn’t afford it. It’s exactly what happened to Phil Cannella’s grandfather when he was a young man and it had a lasting effect. Phil saw that he could help other families by providing a solution Read More +

Phil Cannella Exposes the Risks of Variable Annuities

Phil Cannella makes it crystal clear that if there is any one single investment that has no place in a Crash Proof Retirement System, it is the Variable Annuity. A variable annuity is subject to market volatility in such a way that if the markets tank or merely goes through a “correction” the variable annuity loses value. Unlike other types of annuities, Variable Annuities have many hidden fees that are charged to the account regardless of the performance of the underlying investment fund. Annual fees Read More +

Phil Cannella tells Retirees Not to Rely on Social Security

With the recent passing of the bipartisan budget deal by congress, numerous changes have been made to Social Security claiming strategies to effectively reduce benefits in order to close what some term as “loopholes”. Whether these were in fact loopholes or not is another question. The point is; we have to make is that we must consider just how much we should rely on Social Security as part of a retirement plan. If the changes were not enough, the fact also remains that 2016 will Read More +

Phil Cannella Explains His Philosophy

Phil Cannella is not just a man of finance but a person who seeks to help others facing retirement in every way possible. In his book; Crash Proof Retirement, The Planning Isn’t Over, Phil Cannella explains and reviews several very fundamental philosophies. One of these is that we should learn from the past and never let history repeat itself. By doing so, we can better control our future and thereby live a better life. As Phil Cannella explains, a brief study of the history of Read More +

Phil Cannella Talks Guarantees from Insurance Industry

Phil Cannella recognized long ago that the financial industry lacked any semblance of truth and one of the reasons many retirees lost so much money in each of the last several market crashes of the past decade was the misinformation given by mainstream media that led to people investing in the market. In contrast, Phil Cannella sought to shed some light on the financial industry through his exclusive Crash Proof Retirement Educational Events, where he educates the everyday consumer on the little known, important bits Read More +

Phil Cannella Expertise Praised by Clients

It is one of the most distinctive features of Phil Cannella’s Exclusive Crash Proof Retirement System. Every consumer who comes in for the educational process, regardless of their net worth, is treated with the same attention and respect. Each person who walks through the doors of First Senior Financial Group (home of the proprietary Crash Proof Retirement System) is given the same level of  service as the next client. Each is educated in exactly the same way in order that they can make their own Read More +

Phil Cannella Talks About Safe Alternatives to Wall Street

Phil Cannella spent many years developing the proprietary system he uses to help seniors safeguard their financial futures. It is known today as the Crash Proof Retirement System and is an exclusive system used by First Senior Financial Group, the company Phil founded many years ago. What Phil Cannella had witnessed in 2002 and again in 2008 when the stock market crashed is something he vowed to prevent in any and every way he could. He saw so many investors lose what they had worked Read More +

Volkswagen’s Stock Value Alarms Phil Cannella

Perhaps it is now long forgotten, but as recent as the last major stock market crash in 2008/2009, Phil Cannella saw some of the largest U.S. firms, true icons of the “strength” of the American economy, come to a complete collapse. He witnessed General Motors, who filed for bankruptcy and left all stockholders and bondholders empty handed. Yet this firm and others like it received a nice bailout from the federal government, reappeared on the stock market under a new ticker, and landed huge profits Read More +

Phil Cannella, Helping Lives One at a Time

When we look over the financial services industry you have to search hard and long to find an investment manager, investment advisor or other financial professional who truly stands by his clients working purely and only in their client’s best interest. Too often a financial professionals’ mind and judgment is warped by higher commission paying products that are better for themselves but not for the person or investor who has laid faith and trust in them. This is what separates out Phil Cannella from the Read More +

Here’s Why Women Need to Save More Money Than Men

Everybody works towards a smooth and comfortable retirement through saving money, paying taxes and monitoring personal investments. The everyday American expects to retire around the 65th year of life, however, the playing field may not be as even as once speculated among male and female retirees. Although both men and women face similar retirement-savings challenges and obstacles, the challenges we face are more frequent for our female counter-parts. To have a half decent level of income in retirement years, females, on average, who already are Read More +

Phil Cannella Prevails Over Unscrupulous Competitors

Phil Cannella, as an insurance and financial professional for almost forty years, has helped tens of thousands of consumers protect themselves against the risks they face as they head into retirement. His Crash Proof Retirement System is a testament to this very mission in that he has devised a means to protect the nest egg of an individual or family from stock market volatility. Speaking to any of his thousands of clients, you will find a common thread among them all, not one single one Read More +

Phil Cannella Crusades Against Media Misinformation

Since founding Retirement Media Inc. in 2012, Phil Cannella has been on a mission to free the everyday American from the misinformation and biased commentary of the mainstream media. When it comes to retirement-specific advice, Phil Cannella has found the research and information put forth by such media outlets to be lacking, misleading and just plain wrong. Phil Cannella discussed the latest example of this glaring shortcoming on last weekend’s Crash Proof Retirement Show. “The mainstream media is confused,” Cannella told the listening audience as Read More +

Phil Cannella and Crash Proof Retirement Celebrate CHOP’s Child Life Month

Phil Cannella, Joann Small and Crash Proof Retirement are proud of their association with Children’s Hospital of Philadelphia. March is Child Life Month at The Children’s Hospital of Philadelphia (CHOP), and the Hospital is celebrating with this video from their Child Life, Education and Creative Arts Therapy department! Crash Proof Retirement stands alone as the largest single donor in the history of the WOGL Loves Our Kids Radiothon, dating back to 2010. This past December, Phil Cannella and Joann Small donated another $50,000 to CHOP, pushing Read More +

Phil Cannella Prevails in Federal Court

Phil Cannella has once again demonstrated that in the face of all adversity, it is the truth that shines; it is the truth that survives the lies; it is the truth that will eventually win the day. Some people’s fortunes in life are such that they care not to make waves, they prefer to settle into the status quo and mind their own business going in whatever direction the waves of fate lead them. This is not the case with Phil Cannella, whose mission in Read More +

Phil Cannella Pierces Deception With The Sword Of Truth

Phil Cannella has the power and strength of the sword of truth behind him. It is the very strength inherent in this sword and it is the power it bestows upon he who wields it, that requires that someone with high integrity, ethics and morals use it for the betterment of all and not just the betterment of one. Bringing truth to the American retiree is a mission Phil Cannella has taken upon himself. This began many years ago when he brought solutions to seniors Read More +

Phil Cannella Exposes Hidden Fees In Mutual Funds

Phil Cannella knows that the Statement of Additional Information is Wall Street’s dirty little secret. But he admits that Wall Street’s done a great job of keeping that secret—so great, in fact, that most financial advisors don’t even know the Statement of Additional Information exists! “We’ve all heard about the Book of Prospectus—because we all read it cover to cover!” Phil Cannella joked at a recent Crash Proof Retirement educational event. “In that book, you can find out about the hidden fees your advisor never Read More +

Phil Cannella Explains The Importance Of Fiduciary Responsibility

Phil Cannella educates hundreds of Philadelphia-area retirees each week at Crash Proof Retirement educational events. Phil Cannella arms attendees with truth backed up by statistics, charts and taped interviews with some of the most important financial authorities in the United States. But perhaps the most important thing Phil Cannella does at these events is to ask attendees one simple question: “Have you ever heard of a fiduciary responsibility?” Over the year, Phil Cannella has found that many people do not understand the concept of fiduciary Read More +

Phil Cannella Uncovers Madoff’s Lack of Remorse For His Victims – Phil Cannella Media

Phil Cannella and a unique opportunity Phil Cannella – Phillip Cannella Media: Phil Cannella secured a unique opportunity to interview the former Inspector General of the SEC and got to pose many incisive questions that give us some clues about the man that got away with a Ponzi scheme that is considered to be the largest financial fraud in U.S.  history. Phil Cannella asked the former Inspector General When Phil Cannella asked the former Inspector General questions about Bernard Madoff he revealed the complete and utter lack Read More +

Phil Cannella Gets Rare Interview With Inspector General of the SEC – Phil Cannella Blog

Phil Cannella brings truth Phil Cannella – Phillip Cannella Blog: Phil Cannella, in his mission to bring truth to the American retiree, headed down to the nations capital and conducted an interview with the then Inspector General of the SEC. During this intense videoed interview, Phil Cannella posed some tough questions and got some eye-opening answers that lay bare some of the basic flaws with the oversight of the securities industry and speaks volumes to the ineffectiveness of the very department that is meant to oversee Read More +

Phil Cannella Speaks About Annuities – Phil Cannella News

Phil Cannella and different annuities Phil Cannella – Phillip Cannella News: Phil Cannella has made a thorough study of the different annuities available on the mark in an effort to see which ones, if any, would be suitable for a person who is in or approaching retirement. Phil Cannella explains that an annuity is designed to provide a steady stream of income and are generally designed to provide for people in retirement. Phil Cannella explains not all annuities created equal Phil Cannella explains however that not Read More +

Phil Cannella Sponsor of Children’s Hospital – Phil Cannella Media

Phil Cannella duty is to help Phil Cannella – Phillip Cannella Media: Phil Cannella has made it a duty of his to help those in need of help in any way he can. Phil Cannella likes to give and one of the ways he has shown his giving over the years is through his humanitarian efforts in donating to the Children’s Hospital of Philadelphia(CHOP). Phil Cannella helps seniors In his daily work, Phil Cannella helps seniors crash proof their nest eggs. When not at work, Phil Read More +

Phil Cannella Large Donor of Children’s Hospital of Philadelphia – Phil Cannella Blog

Phil Cannella and his missions Phil Cannella – Phillip Cannella Blog: Phil Cannella, has made it one of his missions in life to help children in need. Like many famous people, Phil Cannella dedicates his life to helping those in need. It is not just about protecting the nest eggs of seniors, Phil Cannella understands the cycle of life which is why he helps people from both ends of the spectrum: those newly arriving on Earth and those soon to leave. Phil Cannella chose non-profits There are Read More +

Phil Cannella Explains a Roth IRA – Phil Cannella News

Phil Cannella explains key features Phil Cannella – Phillip Cannella News: Phil Cannella explains some of the key features and benefits of a Roth IRA over a traditional IRA. As you can imagine, Phil Cannella takes a very tailored approach to every retirees nest eggs and a key aspect of it is assessing whether or not the given client’s IRA should remain as a traditional IRA or be converted to a Roth. Phil Cannella and Roth IRA This is what Phil Cannella says about the Roth Read More +

Phil Cannella, A True Benefactor of Children’s Hospital of Philadelphia – Phil Cannella Media

Phil Cannella – Phillip Cannella Media: Phil Cannella is a true supporter of the Children’s Hospital of Philadelphia. Over the years, Phil Cannella has come to the aid of children by donating to the hospital in volume and this is the real humanitarian side of Phil Cannella we truly love. Humanitarian acts are ones that show real benevolence, real kindness, a sort of unselfish attitude about life. When looking at Phil Cannella’s contributions one is truly looking at someone who has contributed in many ways to Read More +

Phil Cannella Learns Some Tough Lessons in Life – Phil Cannella Blog

Phil Cannella – Phillip Cannella Blog: Phil Cannella was not born into a family that was wealthy with the ability to hand him on a silver platter everything he needed to get going in life. Phil Cannella learned the hard way the rules of life and this learning molded him and gave him the strength needed to find his path and course in life – the helping of the American retiree to live a better and more secure retirement. Phil Cannella watched as his dad took Read More +

Phil Cannella Comments on the Grim Retirement Picture – Phil Cannella News

Phil Cannella deals with peoples retirement Phil Cannella – Phillip Cannella News: Phil Cannella deals with people in and approaching their retirement day in and day out. The unfortunate picture that these people now face is different to what it was many years ago. With 10,000 baby boomers hitting retirement age every day, the growing reality that social security, pensions or other such programs will not take care of them financially speaking has hit. Phil Cannella sold nursing home insurance Phil Cannella saw this first hand when Read More +

Phillip Cannella News: Phil Cannella Details Some of the Benefits of a Reverse Mortgage

Phil Cannella – Phillip Cannella News: Phil Cannella makes a point that a reverse mortgage can be very handy for a retiree who is in need of cash to cover some of their retirement expenses as a reverse mortgage is a loan available to homeowners 62 years or older that enables them to convert part of the equity in their home into cash. Phil Cannella makes a point that it makes no sense for retirees to face the risk of a catastrophic health event because they can’t Read More +

Phillip Cannella Media: Phil Cannella Enumerates the Ideal Candidate for a Reverse Mortgage

Phil Cannella – Phillip Cannella Media: Phil Cannella has helped thousands upon thousands of retirees with all manner of concerns about their retirement. After 40 years of working with seniors, it is safe to call Phil Cannella one of the nations leading experts on retirement when it comes to dealing with their finances. Phil Cannella’s work is focused on seeing to it that a retiree has the means to live out their golden years as they dreamed of within the framework of the assets they have been Read More +

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 Read More +

Phillip Cannella News: Phil Cannella Talks About the Fees in Variable Annuities

Phil Cannella – Phillip Cannella News: Phil Cannella is strongly opposed to variable annuities and is very vocal about it. Rightly so quite frankly as these financial products are not always well explained to the consumer who then gets locked into one and ends up paying the price. Phil Cannella explains some of the fees associated with these products and it is quite appalling really. When you lock yourself into a variable annuity, you’ll also have the insurance company to contend with and its own set of Read More +

Phillip Cannella Media: Phil Cannella Says Stay Away from Variable Annuities

Phil Cannella – Phillip Cannella Media: Phil Cannella has done some exhaustive research on the various types of annuities available on the market and looked at their pros and cons. While many insurance companies offer various kinds with varying benefits and features, there are just a few major types of annuity. Of these, Phil Cannella urges the consumer to stay away from the variable annuity. As Phil Cannella puts it, there’s one type of annuity in particular that gives the others a bad name, and that’s the Read More +

Phillip Cannella Blog: Phil Cannella Tells Consumers How to Do Away with Their RMDs

Phil Cannella – Phillip Cannella Blog: Phil Cannella’s advice here may sound too good to be true. Some may even challenge that it is just not possible to do away with RMDs completely. Before making that conclusion you first have to hear Phil Cannella and his look at retirement accounts. Phil Cannella puts it this way: “Something else happens when you convert your tax-deferred, tax-infested retirement account to a tax-free Roth IRA: your forced RMD goes away. You don’t have to take it if you don’t Read More +

Phillip Cannella Media: Phil Cannella Gives A Background to the Roth IRA

Phil Cannella – Phillip Cannella Media: Phil Cannella spends some time educating his consumers on the benefits of IRAs and the two different types: The Traditional IRA which grows tax-deferred and the Roth IRA which grows tax-free. Phil Cannella explains that each of these accounts has its own benefits and reasons for using depending on the clients goals and desires and even how much risk they are willing to take. Phil Cannella gives a little history of the Roth: “Established in 1998, the creation of the Roth Read More +

Phillip Cannella News: Phil Cannella Explains Annuities in Layman Terms

Phil Cannella – Phillip Cannella News: Phil Cannella realized early on that the average consumer did not understand the financial products available to him or her to invest in. He also realized that bad press about the industry as a whole and insurance agents without scruples have had a hand in destroying the reputation of some otherwise real good insurance products, including most specifically annuities. How Phil Cannella explains an annuity is actually pretty simple: “Annuities aren’t as intimidating as you might think.  Take, for instance, our Read More +

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 Read More +

Phillip Cannella Media: Client-Driven vs. Broker-Driven Accounts: Phil Cannella Reveals Which One You Want

Phil Cannella – Phillip Cannella Media: Phil Cannella, investigative reporter and founder of Retirement Media, Inc, helps his readers understand the difference between the two types of financial accounts available to retired people so that they can better protect their nest egg. The options are broker-driven and client-driven financial accounts. Broker-Driven Financial Vehicle Broker-driven financial vehicles are the products that financial advisors endorse, recommend, direct and protect to no end. Phil Cannella points out that financial advisors and brokerage firms only prefer these products because they Read More +

Phillip Cannella News: The Inspector General of the SEC Admits to Phil Cannella That Fraudsters Are Always Ahead of the Government

Phil Cannella – Phillip Cannella News: Phil Cannella manages to uncover shocking details over and over again with his hard-hitting, well thought-out interview questions. This clip from his two-hour interview with H. David Kotz, the then Inspector General of the Securities and Exchange Commission, is no different. When Phil Cannella asked if the SEC is a reactive organization or a proactive organization when it comes to their attempts to prevent corruption within the securities industry, Kotz first answers by saying that the SEC tries to be proactive Read More +

Phillip Cannella Blog: Phil Cannella Warns Seniors Not to Outlive Their Money

Phil Cannella – Phillip Cannella Blog: Phil Cannella points out that one of the biggest challenges retirees face is running out of money during retirement. While statistical averages tell us what our life expectancy is, the truth of the matter is that we could live longer than the average. As we head into retirement, Phil Cannella tells us that we need to look at our needs, our goals and our assets and come up with a course of action that ensures that we deplete our assets before Read More +

Phillip Cannella Media: Phil Cannella Explains the Merits of Some Annuities

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 Read More +

Phillip Cannella News: Phil Cannella Says Only 5% of Annuities are Good for Consumers

Phil Cannella – Phillip Cannella News: Phil Cannella, like others, has some harsh words to say about many annuities. We hear in the press all the time how one person or another has been taken advantage of by a bad financial advisor in convincing the person to buy an annuity. Phil Cannella says much the same, many annuities out on the market are truly horrific and should never be sold to a consumer. As Phil Cannella puts it: “There’s a heap of bad press surrounding annuities. Read More +

Phillip Cannella News: Phil Cannella Explains Why Bank Accounts Are a Bad Idea

Phil Cannella – Phillip Cannella News: Phil Cannella Phil Cannella helps American retirees safeguard their hard-earned nest egg, and today’s tip is to avoid one of the most popular methods retirees use to keep their money “safe.”   Everyday bank accounts (savings accounts, money market accounts or CDs) may appear to be safe, and while this is somewhat true, the maximum amount that is legally insured by the FDIC is only $250,000. Also, bank accounts don’t yield high enough interest to provide retirees with steady income Read More +

Phillip Cannella Media: Phil Cannella Reveals Why Bonds Are Actually Risk Investments

Phil Cannella – Phillip Cannella Media: Phil Cannella delivers financial answers to numerous questions about safeguarding your retirement. In this article, he reveals why bonds, which are one of the most popular methods retirees use to keep money “safe,” are bad ideas for retirees.   Many people add bonds to their portfolio to offset potential market downturns, however bonds were designed to provide a fixed income not to offset market risk.  The income comes from the fixed interest rate or yield of your bond. While the interest Read More +

Phillip Cannella Blogs: Phil Cannella Explains The Rule of 100

Phil Cannella – Phillip Cannella Blogs: Phil Cannella has devoted his life to helping American retirees retire safely and securely, because he knows that a retirement savings that took a lifetime to build can disintegrate before your eyes. One thing Phil Cannella teaches his readers is how to better understand The Rule of 100, which has been in place for over 70 years, and for good reason. It is a guideline financial advisors use to determine how much an investor should subject their assets to risk. While Read More +

Phillip Cannella Blogs: Phil Cannella Challenges the Securities Industry

Phil Cannella – Phillip Cannella Blogs: Phil Cannella is opposed to the fleecing that occurs on Wall Street day in and day out. Quite remarkably, as Phil Cannella very candidly points out, the everyday investor is the one who usually gets the short end of the stick and the big banks most often come out on top.   Phil Cannella challenges the integrity of this industry as it lacks a fiduciary responsibility toward its clients. Phil Cannella makes a good point when he says that a mutual Read More +