Category Archives: Phil Cannella Media

Why Are Bank Branches Disappearing?

You may have noticed that branches of many different banks have closed recently. Actually a lot of bank branches have closed. Customers of many different banks have had to start banking solely online rather than trying to find another branch to replace one of the ones that have closed. While you may think this is probably the worst of it, chances are, it’s not. Over the course of the next ten years, close to half of all of the branches of banks in the United Read More +

Facts and Myths Regarding Social Security

Social Security can be confusing to those who want to start receiving payments or just in general.  People tend to believe what others are telling them, which often times leads them to believe things that are not true.  When talking about Social Security, what you don’t know can cost you some serious cash. Here are some common Social Security myths that we’re going to debunk for you.   You retire at 65. Years ago, retiring at age 65 was the normal age in which to Read More +

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, Read More +

Phil Cannella Shows 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! “We’ve all heard about the Book of Read More +

Phil Cannella Warns Investors about the “Bond Bubble”

Phil Cannella has spent almost 40 years in the insurance industry, so he knows a safe investment when he sees one. And according to Phil Cannella, the bond market is not a safe investment for retirement savings. Research from Retirement Media Inc. found that Moody’s, a leading provider of credit ratings, research, and risk analysis, has downgraded the credit rating of America’s 3rd-largest city to junk-bond levels. Moody’s rating system, which grades bonds from Aaa to C, makes a distinction between investment-grade and junk level Read More +

Phil Cannella Explains Medicare Coverage of Long Term Care Needs

Phil Cannella explains that many people seem to think that Medicare will cover long term care costs such as: stays in a nursing home or costs for a caregiver to provide in-home services. Sadly it is no so, many people have this misconception and Phil Cannella is finding himself giving more and more people the facts on the subject. Medicare only covers medically necessary care and focuses on medical acute care, such as doctor visits, drugs, and hospital stays. Medicare coverage also focuses on short-term Read More +

Phil Cannella Explains Not All Annuities are the Same

Phil Cannella explains that not all annuities are created equal and that indexed annuities have many moving parts. It is important for a consumer to understand these parts and what to expect. What upsets Phil Cannella is hearing consumers complain when their financial advisor did not adequately explain the annuity they purchased, leaving them confused and caught by surprise when they don’t make the expected gains. Phil Cannella explains that the only way to avoid this confusion is to receive a thorough education on the Read More +

Phil Cannella Guides You through the Unknowns of Retirement

Phil Cannella knows exactly how difficult it can be for a senior or anyone facing the prospect of retirement to navigate the dangerous and unknown waters of the financial world. Wall Street is like an ocean where “financial sharks” and other perils are sitting just underneath the surface ready to strike at an unsuspecting victim. Phil Cannella makes a good point when he explains that- “It is the ignorance and lack of knowledge of the financial world that many financial advisors prey upon in order Read More +

Phil Cannella Analyzes October Jobs Report

The October jobs reports brought fresh news to the Fed that the country’s economy is getting back on track. The jobless rate in 2009 hit a high of close to 10% and since then has been steadily decreasing hitting a 7-year low of 5% as of the end of October 2015. Over 271,000 jobs were added in the month of October, which was considerably higher than expectations. Along with that, average hourly earnings climbed by the most since 2009. Phil Cannella has carefully examined and Read More +

Phil Cannella Warns Consumers Beware of Inflation

All too often Phil Cannella hears from consumers who mistakenly take all their investments out of the market and put them in CDs or money market accounts. Though generally regarded as “safe,” the problem with CDs and money market accounts is that they are bleeding value due to the fact that they are not keeping up with inflation. While it is an absolute fact that one should have an emergency fund to allow for 6 or 9 months of spending, keeping large amounts of assets Read More +

Phil Cannella’s Mission: Crash Proof Retirees

Phil Cannella is quite passionate about the beliefs for which he stands. As a true, consumer advocate one of the things that Phil is most zealous about is protecting and preserving retirement nest-eggs from the next market crash. Phil Cannella compares this to an attack of locust. If you’ve ever seen a locust wreak its destruction on a crop then you know exactly what Phil is referring to. Just imagine a swarm of insects descending on a fresh, ripe crop and destroying every bit of Read More +

Phil Cannella: Build Your Retirement On A Strong Foundation!

For almost 40 years, Phil Cannella has been teaching everyday Americans that when it comes to your retirement, you don’t want to take chances. You don’t want volatility, you want stability. You want guarantees and peace of mind. That’s why, as Phil Cannella and his co-host Joann Small pointed out on a recent edition of The Crash Proof Retirement Show, the choice is simple—avoid risk investments, and the industry that houses them, like the plague in your retirement years. “The Crash Proof Retirement System does not Read More +

Phil Cannella: Greece Situation Could Trigger Financial Domino Effect

Crash Proof Retirement Show: How Does Greece Affect Our Economy? On the most recent edition of The Crash Proof Retirement Show, Phil Cannella and Joann Small discussed the ongoing debt crisis in Greece, and what it could mean to world economies in the future. By now, everyone knows the people of Greece have voted ‘no’ in a referendum on whether or not to accept the bailout terms offered by the European Union and other members of the Eurozone. Previously, the leaders of other European nations Read More +

Phil Cannella Creates A Crash Proof Retirement For Shirley White

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 Shirley White, a retired nurse from Blue Bell, PA. Shirley came to Crash Proof Retirement after listening to The Crash Proof Retirement Show, heard weekly on 1210 AM WPHT each Saturday and Sunday. “I liked what they said about double-digit returns—[the possibility for] 14, 16 percent returns,” said Shirley. Shirley described herself as a natural risk-taker when Read More +

Phil Cannella and Joann Small Welcome Barbara Roper

Top Consumer Advocate Featured On Crash Proof Retirement Show This past week on The Crash Proof Retirement Show, Phil Cannella had the opportunity to interview Barbara Roper, the Director of Investor Protection for the Consumer Federation of America. Ms. Roper’s appearance on The Crash Proof Retirement Show was a natural fit, as she has spent her career thoroughly dedicated to consumer advocacy causes, including those that benefit older Americans and specifically, people in or near retirement as a member of AARP’s “Money-After-50” program. As the Read More +

Phil Cannella Pays Tribute to Women Everywhere For Mother’s Day

Phil Cannella and Joann Small are proud of making The Crash Proof Retirement Show the top consumer advocacy program in the region for people in retirement. So it’s no surprise that Phil and Joann spent Saturday’s show paying tribute to a very special portion of the listening audience. “It was a very wise man who once said, ‘God can’t be everywhere; therefore, let there be moms!’” said Phil Cannella. With everything our mothers do for us throughout our lifetimes, we all want to see them enjoy their Read More +

Phil Cannella’s Three Questions To Ask Any Retirement Expert

On last week’s Crash Proof Retirement Show, Phil Cannella and co-host Joann Small had some very important advice for their listeners. Phil and Joann accomplish their goals of educating consumers in or near retirement not only through The Crash Proof Retirement Show, but through educational events around the Philadelphia region and by hosting consumers each and every day at their headquarters in King of Prussia, Pa. Last week, Phil Cannella highlighted the three things that any consumer in or near retirement must consider when making Read More +

Phil Cannella Creates A Crash Proof Masterpiece

What makes Phil Cannella’s Crash Proof Retirement System special? Phil Cannella says the secret lies in the carefully crafted, finely-tuned arrangement of Crash Proof vehicles. Each individual’s specific Crash Proof Retirement plan is comprised of multiple financial vehicles that, when placed together in the Crash Proof Retirement melting pot, yields a well-protected, risk-proof nest egg. “The best way I can explain it is to compare it to a symphony orchestra,” explained Cannella. “Like musical instruments, all financial instruments have principles that they will follow to Read More +

Phil Cannella Comes to the Aid of Hurricane Sandy Victims – Phil Cannella Media

Phil Cannella made a meaningful contribution Phil Cannella – Phillip Cannella Media: Phil Cannella, made a strong and meaningful contribution to the victims of Hurricane Sandy. The physical and emotional devastation that natural disasters can bring about is very, very, very alarming. We’ve all seen this all too often and Phil Cannella has witnessed many himself in his very colorful life. Phil Cannella made a sizable donation It is for the betterment of the people around him that Phil Cannella decided to make a sizable donation Read More +

Phil Cannella Demands an End to Insider Trading – Phil Cannella Media

Phil Cannella – Phillip Cannella Media: Phil Cannella is not one to sit quietly while unscrupulous individuals take advantage of the everyday investor for their own profit. Exposing this type of behavior has become a vocal point for his Crash Proof Retirement™ program for the very purpose of bringing the truth to the American retiree. An excellent case in point is one that Phil Cannella points to as occurring too often: Insider Trading. What exactly is “Insider Trading” though? It could be defined very simply as Read More +

Phillip Cannella Media: Phil Cannella Clarifies Who a Reverse Mortgage is Appropriate For

Phil Cannella – Phillip Cannella Media: Phil Cannella doesn’t think a reverse mortgage is right for everyone. On the contrary, Phil Cannella makes it very clear that each individual’s or families’ situation is different and varied and one must take a look at each by their own merits and determine what is right for the person or couple one is sitting in front of. Where a reverse mortgage is often right, as Phil Cannella explains, is with retirees who in many cases don’t have massive IRA accounts; Read More +

Phillip Cannella Media: Phil Cannella Details the Fixed Investment Advantage

Phil Cannella – Phillip Cannella Media: Phil Cannella has looked at the advantages of fixed investment vehicles for seniors and sheds some piercing insight as to why these are right for people in retirement. As Phil Cannella puts it: “The most advantageous financial instruments for people in retired years are fixed investments.  This is in part because of their safe positions away from the stock market.  When you own products from a premier class of fixed annuities, you’re protected against loss of principal and aren’t subject to Read More +

Phillip Cannella Media: Phil Cannella Comments on the Benefits of a Roth IRA

Phil Cannella – Phillip Cannella Media: Phil Cannella is well versed in IRA regulations and the laws imposed by the IRS relating to retirement accounts and their tax favored status. Most people are well aware that a traditional IRA lets you grow your money on a tax-deferred basis which means that you don’t have to pay taxes on the monies you put into the IRA nor on its growth as long as the money sits in the IRA. As Phil Cannella explains, once you start taking distributions Read More +

Phillip Cannella Media: Phil Cannella’s Tips for Living Without Taxes During Retirement

Phil Cannella – Phillip Cannella Media: Phil Cannella proves time and time again that it really is possible to live out your golden years comfortably, receiving a steady income that allows you to maintain the lifestyle you are used to without handing over a large part of it to the IRS. The problem is that living without taxes during your retirement years requires specialized strategies that are only known about by retirement specialists. Phil Cannella’s Steps to Living Tax-Free During Retirement: 1)    Team up with a retirement Read More +

Phillip Cannella Media: Phil Cannella On Creating a Legacy

Phil Cannella – Phillip Cannella Media: Phil Cannella emphasizes that when one creates a retirement plan one needs to look at many factors in order to devise the right plan for the individual’s or family’s needs. Phil Cannella makes the point that there is no cookie-cutter approach to retirement planning. This is where Phil Cannella lays an emphasis on the objectives and goals of an individual as well as his or her tolerance for risk in order to properly and accurately advise. Another overriding factor is what Read More +

Phillip Cannella Media: Phil Cannella Teaches the Cost of Complacency

Phil Cannella – Phillip Cannella Media: Phil Cannella verbalizes time and time again the importance of protecting the nest egg you have worked so hard all of your life to earn. When it comes to your nest egg, the worst thing you can do is be complacent. For the majority of retirees, being complacent doesn’t really mean you have to understand how to personally invest your money; it simply means you aren’t keeping an eye on what your financial advisor is doing for you. That’s because too Read More +

Phillip Cannella Media: Phil Cannella Appeals Us to Reduce Our Retirement Risk

Phil Cannella – Phillip Cannella Media: Phil Cannella talks much about risk. People use the word very casually but forget its deep meaning and even deeper consequences. Many people don’t mind risk until they have lost what they didn’t want to lose which is what the “risk” was. Phil Cannella urges all of us, but especially those in and approaching retirement to protect what they have made and eliminate risk. This is not a matter to treat lightly if you are moving into your retired years for Read More +

Phillip Cannella Media: Phil Cannella Guides Retirees

Phil Cannella – Phillip Cannella Media: Phil Cannella knows exactly how difficult it can be for a senior, or anyone for that matter, to navigate the dangerous and unknown waters of the financial world. Wall Street is like an ocean where sharks and other perils are sitting just underneath the surface ready to strike an unsuspecting sailor in his course to safety. According to Phil Cannella there are far too many undisciplined financial professionals who wreak havoc on the retirement accounts of seniors through their unscrupulous activities Read More +

Phillip Cannella Media: Phil Cannella Encourages the Proactive Approach to Your Retirement

Phil Cannella – Phillip Cannella Media: Phil Cannella says it is unwise to take a step back from financial control over your life but instead you must take a proactive approach to creating the retirement plan that is right for you. Phil Cannella says, “I’ll tell you how to avoid the excessive risks and fees of securities and still have the potential to outpace inflation.” If you want to find out what Phil Cannella means by that you should attend one of his Crash Proof Educational Events, Read More +

Phillip Cannella Media: Phil Cannella Assesses if Insurance Is Even Worth It

Phil Cannella – Phillip Cannella Media: Phil Cannella, like so many of us, has pondered the age old question; “What if I never need it?” in reference to insurance. This is an often repeated argument from those who question if the cost associated with a form of insurance is worth it or just a waste of money. A good point that Phil Cannella makes is this; if you invest in insurance, let’s say long term care insurance which is designed to protect you in cases where Read More +