Category Archives: Phil Cannella Media

Misconceptions to Avoid When Planning for Retirement

It may not exactly be the fault of the individual, but many Americans today struggle to save up for their retirement. Whether it’s low working wages or high prices in the economy, it’s hard for a lot of people to set aside money for the future when they’re trying to live day to day. This is why systems like Social Security, Medicaid, and Medicare are so important to Americans today. There are some misconceptions about saving for retirement that you should be aware of when Read More +

How and Where to Retire on $75 a Day

If you did not save enough for retirement, chances are you are not alone. Studies have shown that Americans are not saving enough for retirement. However, if you are living on a smaller budget, there are many places that have a lower cost of living that are perfect for retirees. It is possible to retire on less than $75 per day. Akron, Ohio. Akron is a great place to retire to if you still want to go out and do fun things. Many places in Read More +

How to Maximize Social Security Benefits

Collecting Social Security and the rules for doing so can be quite complicated, especially since they change often. Unfortunately there will be no increase in benefits in 2016, thanks government, due to not measuring inflation in 2015 to trigger a cost-of-living adjustment and Social Security is running out of funds.   While the future for Social Security is questionable, there are a few tricks and strategies for maximizing your Social Security benefits.   Work for a long time. Obviously this is one of the best Read More +

Phil Cannella Exposes Risks behind Risky Bonds

Phil Cannella has spent much of the past 39 years gaining experience in the Insurance industry and watching many large companies go into bankruptcy. But it wasn’t until the unregulated activity during the 2008 financial crises that Phil realized the hidden upside in declaring bankruptcy for companies and also the disaster it created for investors. Corporate bankruptcies have ruined the savings, nest-eggs and lives of millions of hard working Americans. This realization took Phil Cannella by surprise. He was appalled to see corporations on Wall Read More +

Phil Cannella Reveals Hidden Fees in Mutual Funds

Phil Cannella knows that the Statement of Additional Information is Wall Street’s dirty little secret. But he 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 Prospectus—because we all read it cover to cover!” Phil Cannella joked at a recent Crash Proof Retirement educational event. In that book, you can find out about the hidden fees your advisor never Read More +

Phil Cannella Discusses Death Benefits in Long-Term Care Insurance

Phil Cannella sheds light on another option for those in need of long-term care and that is a life insurance policy. Some life insurance policies are structured with what is known as an ADB, Accelerated Death Benefit. Phil Cannella quotes Investopedia in explaining what an ADB means. “A benefit that can be attached to a life insurance policy that enables the policy holder to receive cash advances against the death benefit in the case of being diagnosed with a terminal illness. Many individuals who choose Read More +

Phil Cannella Educates on Life Insurance & Kids

Phil Cannella recognizes that some people who have kids have taken out life insurance policies on their children. While he understands why they have done so, and does not necessarily disagree, Phil Cannella does have an interesting view on this. First of all, Phil Cannella breaks down the essential purpose of life insurance, which is to provide a sum of money to the family upon the death of the policyholder so that they can continue the lifestyle they are used to. More important is that Read More +

Phil Cannella Explains Benefits of Roth IRA

Phil Cannella has long touted the benefits of Roth IRAs vs Traditional IRAs. The concept is that while you are in your working years you are most likely in a higher tax bracket, than the bracket you’ll be in once you retire, and through your IRA contributions you have been able to grow your investments tax deferred. Tax-deferral is a wonderful thing and enables us to grow our investments for years and years without taxes being extracted annually. However, by the time you turn 70 Read More +

Phil Cannella Adds Certainty to Retirees’ Investments

Phil Cannella is at odds with the status quo among financial professionals who believe that a retiree’s assets must be kept at risk in order to provide financial security during retirement. Too many financial advisors, bent on making a fortune through ongoing fees and commissions, keep their clients heavily invested in equities and bonds, with the bond component intended to provide “fixed income.” US News & World Report recently published an article that highlights the risk retirees’ face with a bond portfolio: “Investors that require Read More +

Phil Cannella Explains Crash Proof Retirement

Phil Cannella has been a consumer advocate for over 30 years. His advocacy role began when he first entered the insurance profession offering seniors an effective solution to the devastation that can beset a family when a loved one requires long term care but does not have the protection that comes with it. When the 2001 market crash hit, Phil Cannella saw a need for a new type of investment protection, especially for people in or near retirement, who didn’t have the time to go Read More +

Phil Cannella Warns of the Fragile Economy

Phil Cannella constantly has his finger on the pulse of the economic climate. 2015 has shown us just how fragile the current investment landscape is. After the 2008-2009 market crash, the federal government began its program of quantitative easing; a program which pumped trillions of dollars into the economy in order to prop it up. Instead of letting the markets sort themselves out, the Fed insisted on trying something never before attempted in history and bought up trillions of dollars of faulty mortgage backed securities. Read More +

Phil Cannella Talks Tax Benefits of Roth IRA

Phil Cannella is a consummate professional when it comes to being a consumer advocate and retirement expert. Too many advisers who practice in the field have no more than a shallow understanding of the products they sell and certainly have little background in both traditional and Roth IRAs. In fact, most financial advisers don’t want to know much about Roth IRAs because it hurts their own bottom line. Most financial advisers get paid based on the value of their accounts. Thus if you convert your Read More +

Phil Cannella Tells Listeners: “Avoid Risk Investments In Retirement!”

On the most recent episode of the The Crash Proof Retirement Show, Phil Cannella  discussed the importance of choosing the right investments retirement. The ‘right’ investments are those that are not prone to market risk or downturns. Cannella highlighted some alternative investments in the form of Crash Proof vehicles that are not subject to market risk or fees. First Senior Financial Group is the home of the exclusive Crash Proof Retirement System, which operates under a fiduciary responsibility to every one of our clients. That Read More +

Consumer Advocacy: Phil Cannella’s Story of Protecting Retirees

When Phil Cannella got his start in the insurance industry almost 40 years ago, he was 21 years old and knew one thing for sure–he wanted to protect other Americans from the fate that befell his grandfather, Phil Cannella Sr. This past weekend on The Crash Proof Retirement Show, Phil Cannella and Joann Small described how building a platform of truth, logic, and consumer advocacy has helped First Senior Financial Group to protect the nest eggs of over 4,000 area consumers. “When you look back, Read More +

Phil Cannella Provides A Crash Proof Retirement for Doug and Eileen Flor

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 Doug and Eileen Flor of Richboro, Pa. Doug Flor is retired from Exelon Power Company, while his wife Eileen works part-time as a school teacher. Their journey to a Crash Proof Retirement begins five years ago, when Doug attended an educational event at Spring Mill Manor in Ivyland, Pa. Back in 2010, Doug was tired of market Read More +

Phil Cannella Reveals 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! Uncovering The Secret “We’ve all heard about Read More +

Phil Cannella Conquers Injustice In Federal Court

Phil Cannella, as an insurance and financial professional for almost forty years, has helped tens of thousands of consumers protect themselves against the risks they face as they head into retirement. His Crash Proof Retirement System is a testament to this very mission in that he has devised a means to protect the nest egg of an individual or family from stock market volatility. Speaking to any of his thousands of clients, you will find a common thread among them all, not one single one Read More +

Phil Cannella Clarifies The Financial Landscape

Since founding Retirement Media Inc. in 2012, Phil Cannella has been on a mission to free the everyday American from the misinformation and biased commentary of the mainstream media. When it comes to retirement-specific advice, Phil Cannella has found the research and information put forth by such media outlets to be lacking, misleading and just plain wrong. Phil Cannella discussed the latest example of this glaring shortcoming on last weekend’s Crash Proof Retirement Show. “The mainstream media is confused,” Cannella told the listening audience as Read More +

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 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 Exposes the Illusion of Mutual Funds

Phil Cannella is on a mission to bring truth and transparency to American retirees as it pertains to their finances and the so-called “professionals” who manage their accounts. For that reason, Phil Cannella has recently updated his “top-secret series” on mutual funds. With over 12,000 different accounts in this country alone, mutual funds represent the most accessible option available to most investors looking to grow their money. But very few investors really understand where their money goes once they write the check to their fund’s Read More +

Phil Cannella Takes the Charge to the Next Level

Phil Cannella, Phillip Cannella Reviews, Phil Cannella Reviews, Phillip Cannella Phil Cannella is always looking to take his work to the next level. Whether it be his marketing efforts, whether it be his Crash Proof Retirement System, or whether it simply be his approach to life as a whole, it is perhaps one of his trademark attributes that has thrust him into the national spotlight not just as a retirement specialist, but a man at the forefront of change, bringing new vistas of hope and solution Read More +

Phil Cannella Media: Phil Cannella Explains Long term care service costs – Phil Cannella Media

Phil Cannella • Phillip Cannella Phil Cannella – Phillip Cannella Media: Phil Cannella’s idea of retirement is one when all the headaches of financial concerns are behind you, leaving you free to focus on the sweeter things in life.  Long-term care costs in the United States are so high that in theory, every retiree should be a multimillionaire when entering retirement.  With the costs of long-term care services skyrocketing over the years, retirees have become a source of sustainable wealth for much of the medical industry. Phillip Cannella • Phil Cannella Read More +

Phil Cannella Demands Fiduciary Responsibility – Phil Cannella Media

Phil Cannella speaks of fiduciary responsibility Phil Cannella – Phillip Cannella Media: Phil Cannella often speaks of a fiduciary responsibility. According to the dictionary, the word means “involving trust, especially with regard to the relationship between a trustee and a beneficiary.” Phil Cannella demands his peers In Phil Cannella’s mind, there are far too many individuals in the financial services industry who don’t work in the client’s best interest and they won’t hold themselves accountable for their advice and recommendations. This is one key element that Read More +

Phil Cannella Gets an Honorable Discharge from the Marine Corp – Phil Cannella Media

Phil Cannella – Phillip Cannella Media: Phil Cannella’s life prior to becoming a financial professional is a very colorful and interesting one. Certainly nothing in his childhood could even remotely be classified as dull or mundane. Growing up as one of 5 kids, and being the oldest son, Phil Cannella started early in his life in the role of a protector of those younger or weaker. Furthermore, Phil Cannella always pushed himself and strived to be the best he could possibly be at whatever he does. Read More +

Phillip Cannella Media: Phil Cannella Discusses Reverse Mortgages

Phil Cannella – Phillip Cannella Media: Phil Cannella, as a renowned Retirement Expert, has some advice to share on reverse mortgages as a tool that may be appropriate for some seniors. Phil Cannella explains that a reverse mortgage is one of the best concepts to come along in years for the benefit of retired Americans.  It’s a federally regulated financial resource that provides a lump sum of income with no restriction on its use.  In fact, it’s a loan from yourself to yourself that’s tax-free and Read More +

Phillip Cannella Media: Phil Cannella Explains Equity Indexed Annuities

Phil Cannella – Phillip Cannella Media: Phil Cannella carefully separates the different types of annuities available on the market so that the consumer can review and look at each one by its own merits. In fact, what Phil Cannella will do when a consumer comes through his educational process is educate him or her on the different types of financial vehicles out there so that they can make an informed decision with regard to their finances. An often misunderstood product, as Phil Cannella explains, is the Equity Read More +

Phillip Cannella Media: Phil Cannella Warns Not To Confuse the Bad Annuities with the Good Ones

Phil Cannella – Phillip Cannella Media: Phil Cannella, like any good researcher, can rapidly separate the good from the bad, the wheat from the chaff so to speak. Phil Cannella has done exactly that when examining the different types of annuities out there. As Phil Cannella points out, there are some annuities that are truly bad for the consumer and should never ever be sold. On the other hand, we cannot let the bad rap these annuities have get in the way of our clear thinking Read More +