Category Archives: Phil Cannella Media
Phil Cannella Media: Phil Cannella Warns of the Hazards of Retirement
Phil Cannella – Phillip Cannella Media: Phil Cannella has seen first-hand many of the difficulties that face retirees as they age. Case in point is his own grandfather who needed nursing home care and the inherent costs of that care which had a grave effect on young Phil Cannella and his family. This is why Phil Cannella tells us in his book, Crash Proof Retirement: The Planning Isn’t Over, “Will an unexpected medical expense or some other catastrophic cost change your retirement plan and affect Read More +
Phil Cannella Media: Phil Cannella Won’t Let the Forces of Nature Get in His Way
Phil Cannella – Phillip Cannella Media: The company Phil Cannella founded, First Senior Financial Group, is located in the heart of the north-east, in King of Prussia, Pennsylvania. If you’ve been following the weather recently, this is one of the worst winters that has hit the region in decades. Phil Cannella doesn’t let the elements stop him, the show must go on even if the snow must go on. For the show to go on, it means that educational events continue to be held. While this Read More +
Phil Cannella Media: Phil Cannella on the Accumulation Phase versus the Retirement Phase
Phil Cannella – Phillip Cannella Media: 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 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 +