Dr. Ken Smith explains how Phil Cannella helped him become Crash Proof

Phil Cannella has helped over 4,000 people become CrashProof, using the exclusive CrashProof Retirement System.  Dr. Ken Smith is one of them.  Dr. Smith is a dentist and has been CrashProof for the past five years. As you can imagine, working as a dentist requires a fiduciary responsibility, meaning that Dr. Smith must legally and ethically put his patients’ needs before his own. Unfortunately, that responsibility can be taken for granted. It’s not surprising that a dentist or any doctor would put his patient’s first, but the danger comes when you assume that other professionals share the same code of ethics.  That was the case with Dr. Smith, who mistakenly assumed that the concept of fiduciary responsibility existed in the financial industry. Imagine his surprise when he realized that his financial advisor—a personal friend—had placed him in a variable annuity, notoriously known as one of the worst investments for people in or near retirement.

Dr. Smith explained to us:

“He was a friend of mine for a number of years,  and it was explained to me that the variable annuity was an insurance policy that involved secure assets where I would never lose money. I would be guaranteed 5-6 percent. It wasn’t until later that I realized there were so many fees and charges involved. It’s a very deceitful program.”

That was Dr. Smith’s rude awakening to the reality of the financial industry. Fortunately, he came into the Crash Proof Retirement offices and shared his frustration with Phil Cannella. Phil shared Dr. Smith’s dismay at the lack of disclosure. As a consumer advocate, Phil wasted no time taking action. He called the issuing company to get to the bottom of Dr. Smith’s variable annuity.

“Phil did something that was really amazing,” said Dr. Smith. “He got on the phone and had them explain their charges. We found out the charges were with one-quarter of a percent of the amount I was to receive as an income from the variable annuity. Phil made it simple to understand, and at my age, it’s important to have the assurance that your monies are secure. I feel much better as a result of getting together with Phil Cannella and having him explain everything–I have a much more secure situation in these Crash Proof vehicles.”

Today, Dr. Smith’s money is out of that costly variable annuity, and invested in the safe, risk-free Crash Proof Retirement System. His retirement is now 100% Crash Proof, and for that he is extremely grateful to Phil Cannella, Joann Small and First Senior Financial Group- HOME of the proprietary Crash Proof Retirement System.

Watch Dr. Smith talk about his past experiences with his old financial advisor below.