Phillip Cannella Blog: Phil Cannella Looks at the Accumulation Phase and the Retirement Phase of Life

Phil Cannella – Phillip Cannella Blog: Phil Cannella, a true expert on retirement planning, and a man who has helped thousands of seniors lead a more secure and safe retirement by protecting their assets against market crashes, has looked at the differences between the accumulation phase of life and the retirement phase of life.

Phil Cannella makes a point that in the Accumulation Phase when you work and sacrifice, save and invest, diversification is the name of the game.  You really only have one major goal in mind, and that’s to make your money grow over time.  Accordingly, your asset allocation pie chart should reflect a growth strategy and a balance of appropriate investments including stocks, bonds and mutual funds.

However, as Phil Cannella goes on to explain, the Retirement Phase is similar in that it also requires balance but has some differences.  When you strike the perfect balance in your retirement portfolio, you assure yourself the income you’ll need to cover daily and unexpected expenses as well as to maintain the lifestyle you’re used to living or want to live as a retiree.  Play your cards right and you’ll have plenty left to pass down to your legacy and a monetary safety net for your family, possibly for generations.

This is why Phil Cannella also says that doing this requires a portfolio that’s scrubbed clean of risky securities and excessive fees and taxation, and instead includes carefully selected financial products that are designed for the purpose of preserving and growing the nest egg.  Remember, there’s no more “I’ll recoup when market bounces back.”  It’s time to preserve what you’ve got NOW or risk losing it all.

A key component of Phil Cannella’s crash proof retirement system is working out that exact balance for every retiree.