Category Archives: Phil Cannella News
Phillip Cannella News: Phil Cannella Explains Where a “Roth IRA” Gets Its Name From
Phil Cannella – Phillip Cannella News: Phil Cannella, being a well-educated financial advisor, has studied IRA laws in depth including the differences, advantages and disadvantages alike between the Traditional IRA and the Roth IRA. Phil Cannella is a vocal proponent of Roth IRAs for the simple fact that once the taxes are paid on the monies, the account can grow tax-free and you will never face another penny of taxes on the principal or interest gained. The word “Roth” seems a little clumsy and Phil Cannella Read More +
Phillip Cannella News: Phil Cannella, An Expert on Legacy Planning
Phil Cannella – Phillip Cannella News: Phil Cannella understands that planning for retirement also includes what is known as legacy planning that factors in and provides for what one is leaving behind and for whom. It is not as simple as just making a will. As Phil Cannella explains there are tax implications that need to be considered. As Phil Cannella puts it: “You can leave a legacy behind and the way to do it is by structuring your IRA accounts in such a way that you Read More +
Phillip Cannella News: Phil Cannella Explains Required Minimum Distribution
Phil Cannella – Phillip Cannella News: Phil Cannella doesn’t just provide financial advice, he provides specialized advice for American retirees to ensure that they secure their nest egg for their entire life. One of the strategies he uses in working with his clients is helping them avoid the high taxation that can occur as a result of the Required Minimum Distribution (RMD). But what exactly is the RMD? By April 1st of the year after you reach age 70½, federal tax law states that you must Read More +
Phillip Cannella News: Phil Cannella Explains the Most Fundamental Financial Commandment
Phil Cannella – Phillip Cannella News: Phil Cannella, as has been covered elsewhere, is a strong believer in retirees putting some of their assets into vehicles that afford protection from market crashes. This is the core principle behind his Crash Proof Retirement System™. One of the guiding principles of Phil Cannella’s beliefs is contained in what he calls a “financial commandment” and it goes like this, “The most fundamental financial commandment in investing is ‘get in low; get out high.’ Yet, most advisors didn’t. In Read More +
Phillip Cannella News: Phil Cannella Explains His Most Powerful Weapon
Phil Cannella – Phillip Cannella News: Phil Cannella Phil Cannella employs what he calls the Sword of Truth in order to bring about the success of his Crash Proof Retirement System™. In Phil Cannella’s own words, “As you can see, the Sword of Truth is a powerful weapon for me – and for anyone who wants to use it. I’m not just a financial professional – I think of myself as a financial lifesaver and I strive to be a financial apostle. I travel all Read More +
Phillip Cannella News: Phil Cannella Warns Seniors to Crash Proof
Phil Cannella – Phillip Cannella News: Phil Cannella Phil Cannella is a man who doesn’t mince his words. Phil Cannella stands up to Wall Street’s big banks and other such unscrupulous individuals within the financial industry and gives them a piece of his mind if they are not acting in the best interest of their clients. Phil Cannella warns seniors, “Seniors and retirees beware: Take action to Crash Proof™ your retirement or risk a financial crisis from which you may not recover.” What is this financial Read More +
Phillip Cannella News: Phil Cannella Recommends Long Term Care Insurance
Phil Cannella – Phillip Cannella News: Phil Cannella, as a champion of senior citizens, wants our seniors to take adequate measures to protect themselves against anything that could wipe out their own, or their family’s, happiness as they age. One of the problems that aging Americans are facing is the need for long term care in one fashion or another, whether this be in the form of nursing home stay, an assisted living facility or simply home health care. Phil Cannella speaks about the exorbitant costs Read More +
Phil Cannella News: Phil Cannella Recommends a Little Bit of Planning
Phil Cannella – Phillip Cannella News: Phil Cannella is a firm believer in planning. What is “planning” exactly? Some may think of it as Estate Planning, an activity performed by some trained financial advisors and Estate Planning is something that is important for all. What Phil Cannella is talking about is something even more basic than that. If you look at life you need to have a plan for various eventualities. For example, if someone without a plan were to die, and he or she as the Read More +
Phil Cannella News: Phil Cannella’s Mission to Save the Retirement Accounts of Seniors
Phil Cannella – Phillip Cannella News: Phil Cannella has a mission in life and that mission can be seen in Phil Cannella’s passion that drives Phil Cannella to serve the senior population across the tri-state area. Phil Cannella, utilizing the national headquarters of First Senior Financial Group, in King of Prussia, Pennsylvania, works tirelessly to save retirement accounts from the perils of Wall Street. Phil Cannella campaigns for the rights of seniors through his Crash Proof Retirement Show® that airs every week on CBS radio and Read More +
Phil Cannella News: Phil Cannella Warns Seniors to Crash Proof
Phil Cannella – Phillip Cannella News: Phil Cannella is a man who doesn’t mince his words. Phil Cannella stands up to Wall Street’s big banks and other such unscrupulous individuals within the financial industry and gives them a piece of his mind if they are not acting in the best interest of their clients. Phil Cannella warns seniors, “Seniors and retirees beware: Take action to Crash Proof your retirement or risk a financial crisis from which you may not recover.” What is this financial crisis Phil 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 +