Category Archives: Phil Cannella Blog

Phil Cannella and Crash Proof Retirement Celebrate CHOP’s Child Life Month

Phil Cannella, Joann Small and Crash Proof Retirement are proud of their association with Children’s Hospital of Philadelphia. March is Child Life Month at The Children’s Hospital of Philadelphia (CHOP), and the Hospital is celebrating with this video from their Child Life, Education and Creative Arts Therapy department! Crash Proof Retirement stands alone as the largest single donor in the history of the WOGL Loves Our Kids Radiothon, dating back to 2010. This past December, Phil Cannella and Joann Small donated another $50,000 to CHOP, pushing Read More +

President Obama Validates Phil Cannella And Crash Proof Retirement

The President of the United States echoes Phil Cannella’s message on fiduciary duty. Every weekend, Phil Cannella and Joann Small host The Crash Proof Retirement Show on Philadelphia’s number-one talk radio station, Talk Radio 1210 WPHT. This 50,000-watt station has the capability to reach 38 states as well as Canada. Apparently, the signal’s been reaching Washington D.C. On February 23, 2015, President Barack Obama gave a speech at AARP headquarters in Washington, D.C. in which he bemoaned the lack of fiduciary duty and the rampant Read More +

Phil Cannella and Crash Proof Consumers Respond To NY Post Attack

This past week on The Crash Proof Retirement Show, we addressed an unfounded attack against First Senior Financial Group and The Crash Proof Retirement System. On February 15, New York Post columnist John Crudele attempted to assess the Crash Proof Retirement System through his “Dear John” column in the Sunday edition of the newspaper. He did this in response to a letter written by “M.B.” of Princeton, N.J., a regular listener to The Crash Proof Retirement Show. Unfortunately, Crudele and his source, Jeffrey Golden of Circle Advisers failed to do adequate research Read More +

Phil Cannella Takes The Charge To The Next Level

Phil Cannella is always looking to take his work to the next level. His marketing efforts, his Crash Proof Retirement System, and his approach to life as a whole are examples of his willingness to push the envelope and not settle for anything less than the best. This trademark attribute has thrust him into the national spotlight not just as a Retirement Phase Expert, but a man at the forefront of change, bringing new vistas of hope and solution to people in and approaching retirement. Read More +

Phil Cannella Dispels the Myth of ‘Safety’ in Bonds

Phil Cannella knows that one of the ugliest words in the English language is ‘bankruptcy.’ Bankruptcy has ruined the savings, the nest eggs, and the lives of millions of Americans. That’s why Phil Cannella finds it so appalling that declaring bankruptcy has become an accepted practice—almost a strategy—among major U.S. corporations. “You realize,” Phil Cannella tells the gatherings he speaks to each week around the tri-state area, “that when a corporation goes into bankruptcy… that’s their payday, because they get to keep your money.” And Read More +

Phil Cannella Demands Fair Play Among Financial Professionals

Phil Cannella is a leader in the insurance industry. As a leader, he has come under scrutiny not only from regulatory agencies but also those envious of his success. It is a sad commentary on the state of our civilization that fair competition is so hard to find. This is for the simple reason that those who cannot succeed on their own will often resort to underhanded ventures in order to make a gain. In some cases, this means unfairly taking advantage of a competitor. Read More +

Phil Cannella Epitomizes Consumer Advocacy

Phil Cannella has long positioned himself as a true senior advocate. After he recognized that so many insurance and financial professionals lacked the ethics needed to provide a real, long-term value to their clients, he understood that his role in the financial world was to be a consumer advocate first It was not about ‘selling’ financial services; it was about thinking about and looking out for the concerns of people in and approaching retirement and working out ways to help them navigate the turbulent waters Read More +

Phil Cannella’s Strives to be a Consumer Advocate – Phil Cannella Blog

Phil Cannella the believer Phil Cannella – Phillip Cannella Blog: Phil Cannella believes in consumer advocacy. He does this in many different ways as he is not here just to invest someone’s assets for them, Phil Cannella wants to protect the assets of seniors and retirees against market losses at all costs. Phil Cannella markets to seniors This is one of the reasons Phil Cannella markets so diligently to seniors as he wants to be and is their advocate. One aspect of his process is that Read More +

Phil Cannella Questions the Safety of Bonds – Phil Cannella Blog

Phil Cannella – Phillip Cannella Blog: Phil Cannella challenges the idea that bonds are a completely safe investment. Another one of Phil Cannella’s famous philosophies is this concerning bonds: “Remember Enron?  I know a lot of folks who prefer not to.  This once-thriving blue chip turned scandal carried a substantial number of bonds.  When Enron’s dodgy accounting practices were uncovered, and the company eventually filed for bankruptcy, those bonds became essentially worthless.  This caused employees and investors to lose millions of dollars and, tragically for many, Read More +

Phillip Cannella Blog: Phil Cannella Says that a Reverse Mortgage Could be a Win-Win for All Involved

Phil Cannella – Phillip Cannella Blog: Phil Cannella, as it is well-known, is a true retirement expert when it comes to working with a senior’s finances. Phil Cannella is the consummate financial professional and has studied much in order to properly advise and counsel seniors on what to do to protect their hard earned nest eggs as they go into retirement. One of the topics Phil Cannella is very familiar with is a reverse mortgage. This is really just another tool in the mix of tools Read More +

Phillip Cannella Blog: Phil Cannella on Social Security

Phil Cannella – Phillip Cannella Blog: Phil Cannella warns us that social security might not have the funds in 10 years time to provide us with what it claims it should when we reach 65 years of age. This very fact is made known to us by the social security administration itself according to Phil Cannella. Phil Cannella explains it very consisely: “Every year around your birthday, you receive a report showing what you’ve paid into Social Security and what you can expect your payment to be Read More +

Phillip Cannella Blog: Phil Cannella Explains the Exclusion Ratio

Phil Cannella – Phillip Cannella Blog: Phil Cannella shows retirees everyday how to legally refrain from reporting 85% of their income over a ten-year period, a method that most financial advisors aren’t even aware of. Do you want to know how you can do the same?   The answer lies with what is called the Exclusion Ratio, which is the portion of your annuity’s income that the IRS considers a return of your original principal. When you own certain insurance products, you receive a number of tax Read More +

Phillip Cannella Blog: Why Phil Cannella Urges Retirees to Stay Away from General Financial Advisors

Phil Cannella – Phillip Cannella Blog: Phil Cannella is on a mission to help American retirees live the dream of retiring comfortably and securely. It has been a life mission of his since he watched devastation take place when his grandpop lost his nest egg. Unfortunately, the majority of American retirees are being advised incorrectly when it comes to the safety of their nest egg, and it’s costing them the money they need to survive.   As Phil Cannella points out, most advisors in our nation are Read More +

Phillip Cannella Blog: Phil Cannella Secures Your Nest Egg

Phil Cannella – Phillip Cannella Blog: Phil Cannella makes a point that none of us want to lose what we have worked hard all our life to gain. We all want to win and none of us want to lose with our gambling, whether this is in a Las Vegas Casino or on Wall Street stocks. We cheer as the markets rise, we cry as they fall.   Yet to the common investor, to the person who is in their retirement, Phil Cannella asks if they should Read More +

Phillip Cannella Blog: Phil Cannella Won’t Let the Forces of Nature Get in His Way

Phil Cannella – Phillip Cannella Blog: Phil Cannella  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. Read More +

Phillip Cannella Blog: Phil Cannella’s Passion

Phil Cannella – Phillip Cannella Blog: Phil Cannella’s profound drive to help American retirees and protect them against the need for care as they age is deeply rooted in circumstances that molded his early years. Phil Cannella’s grandpa, months after retiring, was suddenly in need of nursing home care. The mounting bills were too much for the family and soon Phil Cannella’s dad was holding down 3 jobs and Phil Cannella himself also had to fend for the family. As Phil Cannella says, “At that moment, unbeknownst Read More +

Phillip Cannella Blog: Phil Cannella Learns of The Vast Number of Families Needing Care

Phil Cannella – Phillip Cannella Blog: Phil Cannella  looked exhaustively into the situation affecting so many American families where one or another needed some nursing home care or assisted living care. In fact, what Phil Cannella discovered is that every single year, approximately one million seniors who worked a lifetime become impoverished due to poor planning or no planning at all during the retirement phase of their life. Recognizing this appalling statistic, Phil Cannella was determined to do something about it and so he did. Starting in Read More +

Phil Cannella Blog: Phil Cannella Continues Education

Phil Cannella – Phillip Cannella Blog: Phil Cannella is no stranger to the expression, “practice what you preach,” which is why Phil Cannella is also no stranger to getting educated. Phil Cannella attends ongoing training sessions on the ever-changing laws surrounding Individual Retirement Accounts and other keystones to retirement finances. Part of his dedication to attending these classes is so he can grow his personal knowledge and expand his expertise. However, the leading factor to Phil Cannella’s desire to get educated is so that he can Read More +

Phil Cannella – Phillip Cannella in the News: Phil Cannella Brings a Sword to a Gunfight

Phil Cannella – Phillip Cannella News: Phil Cannella has stood against Wall Street for most of his career, bringing attention to the flaws, greed and corruption that have become the building blocks of what Wall Street has become. As with any worthy cause, Phil Cannella has been met with much resistance from Wall Street. Although Phil Cannella’s resources are dwarfed by that of Wall Street’s, his message has proven strong. While Wall Street may have a monopoly on mainstream media outlets like CNBC, they do not Read More +

Phil Cannella – Phillip Cannella in the News: Phil Cannella and the Sword of Truth

Phil Cannella – Phillip Cannella News: Phil Cannella has always used analogies and metaphors as a tool of educating consumers on the complex world of retirement finances. Phil Cannella’s unrivaled ability to apply relatable concepts to the difficult process of learning finances has made him one of the nation’s leading educators on all things retirement. One of Phil Cannella’s most notable creations is his metaphoric Sword of Truth. Phil Cannella recognized that our culture views a sword as more than an obsolete weapon from long ago, Read More +

Phil Cannella – Phillip Cannella in the News: Phil Cannella Incorporates Interviews Into Event

Phil Cannella – Phillip Cannella News: For the year 2014, Phil Cannella has decided to not only speak about the Phil Cannella Crash Proof™ vehicles from his own experience, but to introduce the perspectives of third parties through exclusive interviews. Every week at Crash Proof Retirement™ Educational Events, Phil Cannella ties together a network of interviews with high ranking officials that illuminates the nature of the traditional market and the current concerns of American retirees. This regularity helps Phil Cannella to refine the presentation to an Read More +

Phil Cannella – Phillip Cannella in the News: Phil Cannella On the Importance of Roth IRAs

Phil Cannella – Phillip Cannella News: Every week, Phil Cannella extols the virtues of Roth IRAs at his Crash Proof Retirement™ Educational Events. Phil Cannella notes that their value hinges on impending tax rate changes that may substantially upend retirees’ accounts in the future.  If retirees don’t act now, he warns, the government could choose to become a ‘senior partner’ in their IRA accounts by increasing taxes at a moment’s notice. Phil Cannella wants you to know – this is completely avoidable. With a Roth conversion, Read More +

Phil Cannella – “Its All About that Truth & Logic”

Phil Cannella – Phillip Cannella News Phil Cannella bases everything, Phil Cannella bases everything Phil Cannella does off of two core principles – Truth and Logic. The reason these principles are so central to his life is because of a saying from Einstein Phillip J Cannella III once heard. The idea boils down to this – Truth and Logic will revolutionize any deceptive industry. This is because, as Phillip J Cannella III sees it, these values are like a shining light that guides others through the Read More +

Phil Cannella On the Importance of A Salaried Design Team

Phil Cannella – Phillip Cannella News Phil Cannella proudly acknowledges, Phil Cannella proudly acknowledges the accountability of his Phil Cannella Crash Proof™ system every week at his presentations – he has put into place a Design team which is accountable to the retiree’s interests first and foremost, instead of their own pockets. Phillip J Cannella III has done this by putting in place a salary for the team, instead of basing earnings on the fees typical in traditional Wall St. vehicles. This changes the incentive, by encouraging Read More +

Phil Cannella Makes the Cover of Senior Market Advisor

Phil Cannella – Phillip Cannella News In 2007,  Phillip J Cannella III, Phil Cannella in 2007, before the market crash that would shock a generation of retirees, Phil Cannella III made shockwaves through the industry by protecting $40 million of American retiree’s assets. The famous industry insider magazine for financial advisors, Senior Market Advisor, took notice. This was the same magazine that featured Phillip J Cannella III‘s former mentor, Ed Slott. The magazine decided to feature Phillip J Cannella III on the front cover, with Read More +

Phil Cannella Wails a Sword

Phil Cannella – Phillip Cannella News There are two powerful symbolic hallmarks of  Phillip J Cannella III’s  First Senior Financial Group and Crash Proof Retirement™ – the Sword of Truth, and the Shield of Accountability. According to Phillip J Cannella III, these two powerful symbols are carried in spirit by the employees of First Senior Financial Group, because they propel the firm to do what is right. Phillip J Cannella III notes that the Sword of Truth will always pierce deceptive foes, by cutting through Read More +

Phil Cannella Founds Retirement Media, Inc.

Phil Cannella – Phillip Cannella News During the crash of 2008, Phil Cannella was wracked with curiosity, wondering why all of the well known media outlets were not reporting on the Crash Proof™ vehicles which were now so vital in the unstable environment of recent market crashes. It slowly came to dawn on him – the media outlets were not reporting the story because the story was not in their interests. Each media outlet tied back to a financial interest on the stock market which Read More +

Phil Cannella – Philanthropic Heavyweight

Phil Cannella – Phillip Cannella News For the past four years, Phillip J Cannella III and Joann Small have broken new boundaries in their generosity towards the Children’s Hospital of Philadelphia. They have broken the record for the largest donation to the hospital three times in a row – $50,000 in 2010, $50,001 in 2011, and $65,000 in 2012. Phillip J Cannella III explains this depth of giving with a simple declaration – the financial group is dedicated to caring not only for seniors in Read More +

Phil Cannella Grandfather’s Influence

Phil Cannella – Phillip Cannella News In 1974, a shock rippled through the Phil Cannella household – Phil Cannella’s grandfather had collapsed from a stroke. His grandfather had to be placed in assisted living from then on, leading to a mounting wave of nursing home and medical bills that would threaten to bury the family in a night of endless debt. This had a profound impact on little Phillip J Cannella III. “As my grandfather faded away, he thought that he had left us impoverished, Read More +