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 Indexed Annuity, also known as a Fixed Indexed Annuity. An equity index annuity works similarly to a fixed annuity in that your principal has guaranteed safety built into it in the event of a market downturn. But its accumulation potential is greater because it’s tied to the market. If the market is strong and climbing, your returns will go up along with it. This is the financial instrument that will grow with the market, but has no market risk and no market fees.
Phil Cannella further details how equity index annuities have all the beneficial features of fixed annuities, but also a greater potential for growth ahead of inflation.
The right equity index annuity can be the cornerstone of a smart retirement financial plan, because one of the main benefits is that you can never lose principal unless you withdraw it. This is why Phil Cannella has chosen them as a key component of his crash proof retirement system.