Phillip Cannella Media: Phil Cannella’s Tips on Reducing Retirement Risk

Phil Cannella – Phillip Cannella Media: Phil Cannella considers himself a financial lifesaver, primarily because he teaches people what no one else is teaching. Part of those teachings include helping American retirees understand the risks their nest egg is under and how to safeguard against those risks.


The best part about what Phil Cannella teaches is that with just a couple quick changes to your portfolio, you can move it out of risk and into a safe, age-appropriate, tax-free position, effectively reducing the risk of losing your nest egg.


Today’s retirees face numerous financial risks, including:

  • Losing your principle in the stock market

  • Your accounts accumulating too many taxes and market fees (fees that weigh down your account even when the market is down)

  • Longevity risk – will your nest egg last as long as you do?

  • Will you need a nursing home?

  • Stock market and corporate corruption, as we saw with the fall of Enron and WorldCom

  • Losing everything you’ve got because you don’t have a trained specialist managing your portfolio


Things get tricky in the Retirement Phase when you’re ready to start pulling money out of your savings because you come face to face with risk that didn’t exist before. But Phil Cannella has the answer, and that is to take your accounts out of risk by putting your nest egg in the following positions:


  • A place where your retirement income in the future is tax-favored.

  • A place where their value won’t decrease or your principal won’t be lost in a bad economy.

  • A place where if you pass away, your heirs won’t have to deal with the headaches and expenses of probate, as well as the publication of the major portion of your estate.


Now is the time to strengthen the position of your nest egg so that no risk can take it away from you. Save it from a down market, market fees, longevity, healthcare catastrophes, and taxation. Phil Cannella has more answers for you at: