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Phil Cannella says, “Think about the millions of dollars in taxes the government stands to lose if the average investor discovered they could keep their money safe and away from the risk of securities while still growing their accounts.”
“There’s a lot of mischief and rule bending in the securities industry it’s a self serving field that operates off the motivation to keep people in the market. Financial advisors don’t make money unless they put your money at risk,” Phil Cannella said. “If you’re money is at risk that means only one thing—your money must be in the stock market. That’s the only way these financial advisors make their money. So by remaining in securities during your most vulnerable years—your retirement years—you risk they very money you depend on for your golden years.”
A financial advisor who is not a retirement specialist who is not well informed about retirees but is guiding their portfolios, what incentive do they have to take you out of the stock market? The advisor’s ongoing fees would dry up and their paycheck would take a hit. The primary job of your financial advisor is to promote the stock market and inflate its performance.
“It’s never in the advisor’s interest to pull you out of risk investments like securities and point you towards safer guaranteed financial vehicles that retirees desperately need. The American retiree has a lot of power and influence over the state of the economy; don’t ever sell yourself short by playing by the advisors rules instead of your own,” said Phil Cannella, host of the Crash Proof Retirement Show®.