Phil Cannella – Phillip Cannella Blog: Phil Cannella discusses the difference between the accumulation phase of one’s life and the retirement phase. As Phil Cannella shows us, the accumulation phase of one’s life is when one is accumulating wealth. Let’s consider this the years that begin when we leave college in our early 20s for some and even earlier for others.
In contrast to that is the retirement phase, which Phil Cannella points out is that portion of one’s life when one stops working full-time or perhaps part-time and wants to enjoy the fruits of the earnings of the accumulation phase of one’s life. Phil Cannella points out that the accumulation part is just as the word implies, we are accumulating and hence growing our wealth.
Phil Cannella discusses that there are different strategies, financially speaking, when addressing these two distinct periods. Certainly, as you approach the retirement phase, the entire matter of risk must be examined in close detail so to see how much risk your portfolio can withstand while still considering your goals. Phil Cannella urges us to consider those vehicles immune from risk for the retirement phase. Phil Cannella’s Crash Proof Retirement™ System is built around this precise concept and so it protects your principal.