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 sort of legacy one wants to leave behind. Phil Cannella explains that retirement planning has to balance many factors and cannot be done on a narrow approach. The individual or couple most likely have some income needs in order to survive in the world. That income needs to be determined. How much money can they expect to be getting from social security is another important factor.
How many children or grandchildren might there be and how much or what does one want to leave to them. Certainly if you want your children and grandchildren to remember you fondly, leaving them something that provides them perhaps with a continued income stream could be exactly that. This is what is often referred to as legacy planning and a key part of that is understanding tax implications of anything one leaves behind.
Phil Cannella is an expert in this field and offers an education to all consumers who come through his doors.