Tag Archives: Phillip J Cannella III
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 Media: Phil Cannella On Creating a Legacy
Phil Cannella – Phillip Cannella Media: Phil Cannella emphasizes that when one creates a retirement plan one needs to look at many factors in order to devise the right plan for the individual’s or family’s needs. Phil Cannella makes the point that there is no cookie-cutter approach to retirement planning. This is where Phil Cannella lays an emphasis on the objectives and goals of an individual as well as his or her tolerance for risk in order to properly and accurately advise. Another overriding factor is what Read More +
Phillip Cannella Media: Phil Cannella Teaches the Cost of Complacency
Phil Cannella – Phillip Cannella Media: Phil Cannella verbalizes time and time again the importance of protecting the nest egg you have worked so hard all of your life to earn. When it comes to your nest egg, the worst thing you can do is be complacent. For the majority of retirees, being complacent doesn’t really mean you have to understand how to personally invest your money; it simply means you aren’t keeping an eye on what your financial advisor is doing for you. That’s because too 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 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 Media: Phil Cannella Appeals Us to Reduce Our Retirement Risk
Phil Cannella – Phillip Cannella Media: Phil Cannella talks much about risk. People use the word very casually but forget its deep meaning and even deeper consequences. Many people don’t mind risk until they have lost what they didn’t want to lose which is what the “risk” was. Phil Cannella urges all of us, but especially those in and approaching retirement to protect what they have made and eliminate risk. This is not a matter to treat lightly if you are moving into your retired years for 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 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 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 Media: Phil Cannella Guides Retirees
Phil Cannella – Phillip Cannella Media: Phil Cannella knows exactly how difficult it can be for a senior, or anyone for that matter, to navigate the dangerous and unknown waters of the financial world. Wall Street is like an ocean where sharks and other perils are sitting just underneath the surface ready to strike an unsuspecting sailor in his course to safety. According to Phil Cannella there are far too many undisciplined financial professionals who wreak havoc on the retirement accounts of seniors through their unscrupulous activities 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 Media: Phil Cannella Encourages the Proactive Approach to Your Retirement
Phil Cannella – Phillip Cannella Media: 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 Events, 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 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 +
Phillip Cannella Media: Phil Cannella Assesses if Insurance Is Even Worth It
Phil Cannella – Phillip Cannella Media: Phil Cannella, like so many of us, has pondered the age old question; “What if I never need it?” in reference to insurance. This is an often repeated argument from those who question if the cost associated with a form of insurance is worth it or just a waste of money. A good point that Phil Cannella makes is this; if you invest in insurance, let’s say long term care insurance which is designed to protect you in cases where 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 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 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 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 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 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 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 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 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 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 +