Category Archives: Phil Cannella News
Why Are Bank Branches Disappearing?
You may have noticed that branches of many different banks have closed recently. Actually a lot of bank branches have closed. Customers of many different banks have had to start banking solely online rather than trying to find another branch to replace one of the ones that have closed. While you may think this is probably the worst of it, chances are, it’s not. Over the course of the next ten years, close to half of all of the branches of banks in the United Read More +
Facts and Myths Regarding Social Security
Social Security can be confusing to those who want to start receiving payments or just in general. People tend to believe what others are telling them, which often times leads them to believe things that are not true. When talking about Social Security, what you don’t know can cost you some serious cash. Here are some common Social Security myths that we’re going to debunk for you. You retire at 65. Years ago, retiring at age 65 was the normal age in which to Read More +
How Much $ Should You Be Saving for Retirement Each Year?
Deciding how much money you should be saving towards your retirement each year can definitely be confusing. There are a few ways to figure out how to know exactly how much to put into your retirement savings. When deciding how much you should be saving you need to think about a yearly savings rate, a savings factor, an income replacement rate, and a withdrawal rate. As a general rule, you should save at least 15% of your income, before taxes. Also, you should plan to Read More +
Dr. Ken Smith explains how Phil Cannella helped him become Crash Proof
Phil Cannella has helped over 4,000 people become CrashProof, using the exclusive CrashProof Retirement System. Dr. Ken Smith is one of them. Dr. Smith is a dentist and has been CrashProof for the past five years. As you can imagine, working as a dentist requires a fiduciary responsibility, meaning that Dr. Smith must legally and ethically put his patients’ needs before his own. Unfortunately, that responsibility can be taken for granted. It’s not surprising that a dentist or any doctor would put his patient’s first, Read More +
Phil Cannella Shows The Illusion of Mutual Funds
Phil Cannella has a strong reputation for fighting “the powers that be” on Wall Street, exposing their conflicts of interest and lack of willingness to act in the consumer’s best interest. His latest mission centers on the Statement of Additional Information – Wall Street’s dirty little secret! But Phil Cannella 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 Read More +
Phil Cannella Warns Investors about the “Bond Bubble”
Phil Cannella has spent almost 40 years in the insurance industry, so he knows a safe investment when he sees one. And according to Phil Cannella, the bond market is not a safe investment for retirement savings. Research from Retirement Media Inc. found that Moody’s, a leading provider of credit ratings, research, and risk analysis, has downgraded the credit rating of America’s 3rd-largest city to junk-bond levels. Moody’s rating system, which grades bonds from Aaa to C, makes a distinction between investment-grade and junk level Read More +
Phil Cannella Explains Medicare Coverage of Long Term Care Needs
Phil Cannella explains that many people seem to think that Medicare will cover long term care costs such as: stays in a nursing home or costs for a caregiver to provide in-home services. Sadly it is no so, many people have this misconception and Phil Cannella is finding himself giving more and more people the facts on the subject. Medicare only covers medically necessary care and focuses on medical acute care, such as doctor visits, drugs, and hospital stays. Medicare coverage also focuses on short-term Read More +
Phil Cannella Explains Not All Annuities are the Same
Phil Cannella explains that not all annuities are created equal and that indexed annuities have many moving parts. It is important for a consumer to understand these parts and what to expect. What upsets Phil Cannella is hearing consumers complain when their financial advisor did not adequately explain the annuity they purchased, leaving them confused and caught by surprise when they don’t make the expected gains. Phil Cannella explains that the only way to avoid this confusion is to receive a thorough education on the Read More +
Phil Cannella Guides You through the Unknowns of Retirement
Phil Cannella knows exactly how difficult it can be for a senior or anyone facing the prospect of retirement to navigate the dangerous and unknown waters of the financial world. Wall Street is like an ocean where “financial sharks” and other perils are sitting just underneath the surface ready to strike at an unsuspecting victim. Phil Cannella makes a good point when he explains that- “It is the ignorance and lack of knowledge of the financial world that many financial advisors prey upon in order Read More +
Phil Cannella Analyzes October Jobs Report
The October jobs reports brought fresh news to the Fed that the country’s economy is getting back on track. The jobless rate in 2009 hit a high of close to 10% and since then has been steadily decreasing hitting a 7-year low of 5% as of the end of October 2015. Over 271,000 jobs were added in the month of October, which was considerably higher than expectations. Along with that, average hourly earnings climbed by the most since 2009. Phil Cannella has carefully examined and Read More +
Phil Cannella Warns Consumers Beware of Inflation
All too often Phil Cannella hears from consumers who mistakenly take all their investments out of the market and put them in CDs or money market accounts. Though generally regarded as “safe,” the problem with CDs and money market accounts is that they are bleeding value due to the fact that they are not keeping up with inflation. While it is an absolute fact that one should have an emergency fund to allow for 6 or 9 months of spending, keeping large amounts of assets Read More +
People Come from Across U.S. to Meet Phil Cannella
Phil Cannella’s proprietary Crash proof Retirement System has made headlines not just in the Philadelphia region, but across the country because of the outstanding success Phil Cannella has achieved in not only protecting his client’s assets but also in growing them through both volatile and non-volatile market conditions. With many of his clients seeing double-digit returns, (and not a single one of his clients losing any of their principal to market risk,) people from across the country have been clamoring to hear and see Phil Read More +
Phil Cannella’s Mission: Crash Proof Retirees
Phil Cannella is quite passionate about the beliefs for which he stands. As a true, consumer advocate one of the things that Phil is most zealous about is protecting and preserving retirement nest-eggs from the next market crash. Phil Cannella compares this to an attack of locust. If you’ve ever seen a locust wreak its destruction on a crop then you know exactly what Phil is referring to. Just imagine a swarm of insects descending on a fresh, ripe crop and destroying every bit of Read More +
Phil Cannella Offers Stability and Security to Retirees
Phil Cannella believes that once you hit that stage in your life where you are going to depend on the assets you have accrued during your working years, you cannot afford to be subject to market risk and volatility. Once you have retired, you are no longer in the position to go back into the workforce if you don’t have enough money to live off of for the next 20 – 30 years. It is a sad commentary on the state of the investment industry Read More +
Phil Cannella Talks About Wall Street Greed
Phil Cannella has been saying for years that the titans of Wall Street don’t give a hoot whether their investors make money or lose money. At the end of the day, it is their own pocket book that matters the most to them. He makes a point that it is a sad commentary on the state of the financial services industry that so many lack any sort of fiduciary duty. Perhaps more to the point is that hedge fund managers and large Wall Street banks Read More +
Phil Cannella: Build Your Retirement On A Strong Foundation!
For almost 40 years, Phil Cannella has been teaching everyday Americans that when it comes to your retirement, you don’t want to take chances. You don’t want volatility, you want stability. You want guarantees and peace of mind. That’s why, as Phil Cannella and his co-host Joann Small pointed out on a recent edition of The Crash Proof Retirement Show, the choice is simple—avoid risk investments, and the industry that houses them, like the plague in your retirement years. “The Crash Proof Retirement System does not Read More +
Crash Proof Retirement Show: Phil Cannella Warns “Prepare For Lower Stock Returns!”
Phil Cannella and Joann Small routinely discuss the money that upfront fees and ongoing expenses take out of your Wall Street investments. It’s a serious problem—Dalbar Corporation found the average investor in mutual funds has made only 3.7% annually over a 30-year period ending in 2013—but in that same 30-year period, the S&P 500 made over 11% annually! But soon, the idea of making 3.7% in a year through your mutual fund could be a dream come true. According to a recent article in The Read More +
Phil Cannella Creates A Crash Proof Retirement For Shirley White
The Crash Proof Retirement System, created by Phil Cannella, has helped thousands of people to secure their retirement futures. Today, we focus the Crash Proof Retirement spotlight on 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 each Saturday and Sunday. “I liked what they said about double-digit returns—[the possibility for] 14, 16 percent returns,” said Shirley. Shirley described herself as a natural risk-taker when Read More +
Phil Cannella Provides A Crash Proof Retirement For Local Consumers
Crash Proof Retirement Consumers: Joyce and Vince Natale Phil Cannella is the founder of The Crash Proof Retirement System, which has helped thousands of people to secure their retirement futures. Vince and Joyce Natale of Havertown, Pa. learned about the System first-hand when they became Crash proof in 2010 Background The Natales’ story is a common one in this generation of retirees. Frightened by the crash of 2008, Joyce and Vince were faced with the prospect of preparing for retirement—but were unwilling to accept the inherent risks Read More +
Phil Cannella Educates Crash Proof Retirement Show Listeners
Phil Cannella and co-host Joann Small educate listeners each week on The Crash Proof Retirement Show. This week’s lesson was on the risky bond environment, something creditors for the city of Chicago know all too well. Research from Retirement Media Inc. found that Moody’s, a leading provider of credit ratings, research, and risk analysis, has downgraded the credit rating of America’s 3rd-largest city to junk-bond levels. Moody’s rating system, which grades bonds from Aaa to C, makes a distinction between investment-grade and junk level bonds Read More +
Phil Cannella Pays Tribute to Women Everywhere For Mother’s Day
Phil Cannella and Joann Small are proud of making The Crash Proof Retirement Show the top consumer advocacy program in the region for people in retirement. So it’s no surprise that Phil and Joann spent Saturday’s show paying tribute to a very special portion of the listening audience. “It was a very wise man who once said, ‘God can’t be everywhere; therefore, let there be moms!’” said Phil Cannella. With everything our mothers do for us throughout our lifetimes, we all want to see them enjoy their Read More +
Phil Cannella’s Three Questions To Ask Any Retirement Expert
On last week’s Crash Proof Retirement Show, Phil Cannella and co-host Joann Small had some very important advice for their listeners. Phil and Joann accomplish their goals of educating consumers in or near retirement not only through The Crash Proof Retirement Show, but through educational events around the Philadelphia region and by hosting consumers each and every day at their headquarters in King of Prussia, Pa. Last week, Phil Cannella highlighted the three things that any consumer in or near retirement must consider when making Read More +
Phil Cannella Creates A Crash Proof Masterpiece
What makes Phil Cannella’s Crash Proof Retirement System special? Phil Cannella says the secret lies in the carefully crafted, finely-tuned arrangement of Crash Proof vehicles. Each individual’s specific Crash Proof Retirement plan is comprised of multiple financial vehicles that, when placed together in the Crash Proof Retirement melting pot, yields a well-protected, risk-proof nest egg. “The best way I can explain it is to compare it to a symphony orchestra,” explained Cannella. “Like musical instruments, all financial instruments have principles that they will follow to Read More +
Phil Cannella Crash Proof Retirement: Phil Cannella Explains the Roth Conversion – Phil Cannella Crash Proof Retirement
Phil Cannella Crash Proof Retirement Phil Cannella Crash Proof Retirement – Phillip Cannella Crash Proof Retirement: Phil Cannella Crash Proof Retirement is a big advocate for the Roth conversion, and we’ll sum up why in this article. An IRS law that was established in 1998, the Roth conversion allows you to convert any IRA into a financial instrument that will grow tax-free. This law, which most people don’t even know about, is what will save you from tax-infestation, allowing you to outlive your nest egg. Phillip Cannella Crash Proof Read More +
Phil Cannella News: Stay Updated on Phil Cannella – Phil Cannella News
Phil Cannella • Phillip Cannella Phil Cannella – Phillip Cannella News: Phil Cannella has websites online which are your place to find all your news about Phil Cannella and Crash Proof Retirement™. On his websites you will find updates from Phil Cannella’s Twitter Feed, Facebook Page, Blogs and more! If you’re a fan of Phil Cannella and Crash Proof Retirement™, following him online has never been easier. All of his websites are designed to keep you up-to-date on your favorite Senior Advocate, Author, Radio Host, and Retirement Phase Expert. Read More +
Phil Cannella Says Don’t Deplete Your Nest egg – Phil Cannella News
Phil Cannella warns to watch for life events Phil Cannella – Phillip Cannella News: Phil Cannella warns us to watch out for life events that may deplete out nest egg unexpectedly and he tells us to protect ourselves against such circumstances happening to us. What Phil Cannella is warning us about is the need for some form of long term care as one ages and the costs inherent with such care can be too much for 99% of our civilization to easily deal with. Phil Cannella Read More +
Phil Cannella explains the Rule of 100 – Phil Cannella News
Phil Cannella – Phillip Cannella News: Phil Cannella examines a fundamental principle of the financial industry which is popularly known as the rule of 100. This is quite a simple rule really, that is based on the premise of how much risk an individual should be invested in and it gives you a good yardstick to follow. For more than 70 years as Phil Cannella explains, this guideline has been used and followed and has worked time and time again. The way it works is that Read More +
Phil Cannella Offers You a Safe Retirement – Phil Cannella News
Phil Cannella developes distinctive system Phil Cannella – Phillip Cannella News: Phil Cannella has developed a very distinctive system that enables anyone, who takes the time to get educated on his system to “crash proof” their investment accounts. All over the map you will hear about people offering risk-free retirement or safe retirement solutions or a variety of means to protect and preserve your nest egg. The question is, can all these people who claim they can do so, really and truly do so. Well, Phil Cannella Read More +
Phillip Cannella News: Phil Cannella Discusses Reverse Mortgages and Long Term Care
Phil Cannella – Phillip Cannella News: Phil Cannella has worked in the field of retirement for almost 40 years now. His focus was initially with the concerns of people as they age and require nursing home care, home health care or some form of long term care. Phil Cannella became a leading pioneer in long term care insurance and thereby helped thousands. As with so many things Phil Cannella tackles, he looks at them as a true professional and made it his business to understand a problem Read More +
Phillip Cannella News: Phil Cannella Says Interest Bearing Investments = Protection in Retired Years
Phil Cannella – Phillip Cannella News: Phil Cannella explains that when we talk about fixed investments, the word “fixed” applies to your principal; you can’t ever lose it. This is very different from fixed income, so it’s imperative that you recognize the distinction. Phil Cannella goes on to say: “Fixed income generally refers to bond instruments, which are securities wherein your income is fixed but your principal remains subject to rising and falling interest rates. As we have seen in the media, interest rates are extremely volatile Read More +