Category Archives: Phil Cannella Blog
Phillip Cannella Blog: Phil Cannella Looks at the Accumulation Phase and the Retirement Phase of Life
Phil Cannella – Phillip Cannella Blog: Phil Cannella, a true expert on retirement planning, and a man who has helped thousands of seniors lead a more secure and safe retirement by protecting their assets against market crashes, has looked at the differences between the accumulation phase of life and the retirement phase of life. Phil Cannella makes a point that in the Accumulation Phase when you work and sacrifice, save and invest, diversification is the name of the game. You really only have one major goal Read More +
Phillip Cannella Blog: Phil Cannella Speaks on the Prospect of Higher Taxes
Phil Cannella – Phillip Cannella Blog: Phil Cannella, a retirement specialist, focuses on helping those in their retired years lead a successful and comfortable retirement. Phil Cannella does this through expert guidance with an individuals or family’s finances. One of the issues Phil Cannella has with retirement is that social security, which is professed to be there to provide for people once they hit the age of 65, will not have sufficient resources to last another 10 – 20 years unless taxes are increased or government Read More +
Phillip Cannella Blog: Phil Cannella Talks Frankly with the Inspector General About the Security of his Job
Phil Cannella – Phillip Cannella Blog: Phil Cannella expresses empathy in regards to some of the difficulties that come along with being Inspector General of the Securities and Exchange Commission in this short clip taken from his two-hour interview with H. David Kotz. Recognizing that Kotz has a burning desire to find the truth, Phil Cannella asks if he ever worries about getting so close to the truth that he might lose his job, a valid fear for someone in his position. While Kotz doesn’t deny the Read More +
Phillip Cannella Blog: IRA Distribution Mode, an Exit Strategy Revealed by Phil Cannella
Phil Cannella – Phillip Cannella Blog: Phil Cannella is on a mission to help Americans live the American dream of retiring comfortably and securely. He helps his clients avoid the Required Minimum Distribution (RMD), which can lead to heavy erosion and taxation of your financial accounts during your retirement years. As a retirement financial specialist, Phil Cannella knows that you can bypass the RMD and turn your nest egg into tax-free vehicles that remain tax-free even after you begin to take income from them. Phil Cannella has Read More +
Phillip Cannella Blog: Phil Cannella Explains the Process of Probate
Phil Cannella – Phillip Cannella Blog: Phil Cannella is certainly very knowledgeable in all areas of retirement planning. He has spent much time learning the laws and regulations relating to the planning of a seniors finances so that he can most optimally counsel and advise his clients. One of the areas of Phil Cannella’s expertise is in the area of probate. Phil Cannella tells us what probate is as when saying, “Probate is the legal process of assessing the assets one has accrued during their lifetime and Read More +
Phillip Cannella Blog: How to Bypass the Required Minimum Distribution Law
Phil Cannella – Phillip Cannella Blog: Phil Cannella wants to ensure more retirees understand what is ahead of them financially during the retirement years. If you know of the Required Minimum Distribution (RMD), you know it means that by April 1st of the year after you reach age 70½, you will be required to withdraw from your retirement accounts whether you need it or not, and that you’ll be taxed twice on the money you pull out. Fortunately, there is a way to bypass the RMD. Read More +
Phillip Cannella Blog: Phil Cannella: Another Page From His Philosophy
Phil Cannella – Phillip Cannella Blog: Phil Cannella tells us not to let history repeat itself and more concisely to observe the past and thereby predict the future and thereby live a better life. This is one of Phil Cannella’s philosophical points. A brief study of the history of the stock market will tell you that the markets rise and rise and rise and then crash and then rise and rise and rise and then crash. The thing is, no one can really predict the crash, Read More +
Phillip Cannella Blog: Phil Cannella, The Financial Apostle
Phil Cannella – Phillip Cannella Blog: Phil Cannella is a financial apostle. Many of us think of an apostle as one of the twelve disciples of Jesus Christ. Another definition of apostle is a “vigorous and pioneering advocate or supporter of a particular policy, idea or cause.” Phil Cannella, through his Crash Proof Educational Events, teaches basic principles of financial security and through his passion and efforts he is a strong advocate of senior citizens who otherwise would be at the mercy of lesser financial professionals Read More +
Phillip Cannella Blog: Phil Cannella on the Accumulation Phase versus the Retirement Phase
Phil Cannella – Phillip Cannella Blog: Phil Cannella wants each and every one of us to be able to grow the fruits of our labors during our younger years so that we can enjoy them in our retirement. Phil Cannella is quoted as saying, “The harsh reality of the American retiree’s financial life paints a less perfect picture. Although an achievement in and of itself, reaching retirement represents completion of only the first half of the journey. Reaching retirement signals the end of the Accumulation Phase and Read More +
Phillip Cannella Blog: Phil Cannella’s Quest
Phil Cannella – Phillip Cannella Blog: Phil Cannella, after recognizing that the insurance industry contained answers to the problems he recognized that were staring seniors in the face as they aged, made a very telling comment. “Little did I realize that this would be the beginning of a life-changing event for me and the start of a lifelong quest to change the way American retirees plan for their retired years,” said Phil Cannella. It is this quest that Phil Cannella has adhered to for the last Read More +
Phil Cannella Blog: Phil Cannella On Long Term Care
Phil Cannella – Phillip Cannella Blog: Phil Cannella specializes in helping those people in their retired years protect and grow their nest eggs. While there are many things that can happen in someone’s life that can hit right at their nest egg, there are some that are more devastating than others. Phil Cannella asks the question: “How could we live in the richest country in the world, yet risk losing everything we worked for at the hands of circumstances beyond our control?” All around us there seem Read More +
Phil Cannella Blog: Phil Cannella Encourages the Proactive Approach to Your Retirement
Phil Cannella – Phillip Cannella Blog: Phil Cannella says it is unwise to take a step back from financial control over your life but instead you must take a proactive approach to creating the retirement plan that is right for you. Phil Cannella says, “I’ll tell you how to avoid the excessive risks and fees of securities and still have the potential to outpace inflation.” If you want to find out what Phil Cannella means by that you should attend one of his Crash Proof Educational Read More +
Phil Cannella Blog: Phil Cannella Warns of the Harsh Reality Facing the American Retiree
Phil Cannella – Phillip Cannella Blog: Phil Cannella discusses the difference between the accumulation phase of one’s life and the retirement phase. As Phil Cannella shows us, the accumulation phase of one’s life is when one is accumulating wealth. Let’s consider this the years that begin when we leave college in our early 20s for some and even earlier for others. In contrast to that is the retirement phase, which Phil Cannella points out is that portion of one’s life when one stops working full-time or Read More +
Phil Cannella Interviews Alicia Munnell: Part 37
Phil Cannella – Phillip Cannella News Phil Cannella: “Alicia you have been so gracious with your time today, and I can’t tell you how much I appreciate and respect your time so I’m going to ask you this, is there anything you would like to say about Boston College; about your center.” Alicia Munnell: “So The Center for Retirement Research at Boston College is dedicated to trying to ensure that people have security after a lifetime of work. We have a lot of resources available Read More +
Phil Cannella Interviews Alicia Munnell: Part 36
Phil Cannella – Phillip Cannella News Phil Cannella: “What are your thoughts on a market crash? Do you have a prediction?” Alicia Munnell: “I’m hoping we’ve had our full supply of market crashes since the turn of the century. My hope, maybe it’s just a hope that we’re done.” Phil Cannella: “So your hope is that we’re done, but what’s your gut feeling tell you, what’s your research tell you, or what does your experience tell you? Is it the same?” Alicia Munnell: “I can Read More +
Phil Cannella Reviews • Phil Cannella Lawsuit • Phil Cannella Complaints Interviews Alicia Munnell: Part 35
Phil Cannella – Phillip Cannella News Phil Cannella: “So what are you working on now that’s going to help people? Help them get through some of the financial storms that we may or may not be coming into.” Alicia Munnell: “So the direct things I would say that’s something that actually Steve is working on which is a checkup, are your affairs in order? And he has a list, I think it’s probably too long a list because it’s eight items, I don’t think people Read More +
Phil Cannella Reviews • Phil Cannella Lawsuit • Phil Cannella Complaints Interviews Alicia Munnell: Part 34
Phil Cannella – Phillip Cannella News Phil Cannella: “How many researchers do you have within side your department?” Alicia Munnell: “So I actually run a center, which is generally paid for by, you know as I said, soft money not easy money, but money you get from foundations and other places. The center consists of 22 people, some doing research directly, others helping us with dissemination getting the word out, and others doing support activities of many forms.” Phil Cannella: “I see you have a Read More +
Phil Cannella Reviews • Phil Cannella Lawsuit • Phil Cannella Complaints Interviews Alicia Munnell: Part 33
Phil Cannella – Phillip Cannella News Phil Cannella: “So my contention is, if I have money coming out of a pay check that I don’t have to put on my tax return because I’m putting it in a 401, and I understand when you have a 401 it’s great that you have an employer that’s going to be putting a percentage in with you, but none the less when you take money from a paycheck and not list it on your income tax and you Read More +
Phil Cannella Reviews • Phil Cannella Lawsuit • Phil Cannella Complaints Interviews Alicia Munnell: Part 31
Phil Cannella Reviews • Phil Cannella Lawsuit • Phil Cannella Complaints: Phil Cannella: “So what should retirees, and what would you warn the everyday investor of in the next coming months? Let me ask you this. Do you think taxes are going up in this country?” Alicia Munnell: “Of course!” Phil Cannella: “Why so?” Alicia Munnell: “They have to go up because our expenditures exceed our revenues at this point in time, and as we have an older population is going to become more expensive, and Read More +
Phil Cannella Reviews • Phil Cannella Lawsuit • Phil Cannella Complaints Interviews Alicia Munnell: Part 29
Phil Cannella Reviews • Phil Cannella Lawsuit • Phil Cannella Complaints: “Well I was just sitting here thinking about all the 401k’s and what the individual is left to do is to leave that decision making of how they should invest with the third party administrators, so they don’t have a lot of choices. They don’t have a lot of safe choices, which I think is really the unfortunate part of the individual saving in these 401k programs.” Alicia Munnell: “So, Phil, the only thing I Read More +