Tag Archives: Phil J cannella
Phil Cannella Dispels the Myth of ‘Safety’ in Bonds
Phil Cannella knows that one of the ugliest words in the English language is ‘bankruptcy.’ Bankruptcy has ruined the savings, the nest eggs, and the lives of millions of Americans. That’s why Phil Cannella finds it so appalling that declaring bankruptcy has become an accepted practice—almost a strategy—among major U.S. corporations. “You realize,” Phil Cannella tells the gatherings he speaks to each week around the tri-state area, “that when a corporation goes into bankruptcy… that’s their payday, because they get to keep your money.” And Read More +
Phil Cannella Demands Fiduciary Responsibility – Phil Cannella Media
Phil Cannella speaks of fiduciary responsibility Phil Cannella – Phillip Cannella Media: Phil Cannella often speaks of a fiduciary responsibility. According to the dictionary, the word means “involving trust, especially with regard to the relationship between a trustee and a beneficiary.” Phil Cannella demands his peers In Phil Cannella’s mind, there are far too many individuals in the financial services industry who don’t work in the client’s best interest and they won’t hold themselves accountable for their advice and recommendations. This is one key element that Read More +
Phil Cannella’s Strives to be a Consumer Advocate – Phil Cannella Blog
Phil Cannella the believer Phil Cannella – Phillip Cannella Blog: Phil Cannella believes in consumer advocacy. He does this in many different ways as he is not here just to invest someone’s assets for them, Phil Cannella wants to protect the assets of seniors and retirees against market losses at all costs. Phil Cannella markets to seniors This is one of the reasons Phil Cannella markets so diligently to seniors as he wants to be and is their advocate. One aspect of his process is that Read More +
Phil Cannella Gets an Honorable Discharge from the Marine Corp – Phil Cannella Media
Phil Cannella – Phillip Cannella Media: Phil Cannella’s life prior to becoming a financial professional is a very colorful and interesting one. Certainly nothing in his childhood could even remotely be classified as dull or mundane. Growing up as one of 5 kids, and being the oldest son, Phil Cannella started early in his life in the role of a protector of those younger or weaker. Furthermore, Phil Cannella always pushed himself and strived to be the best he could possibly be at whatever he does. Read More +
Phil Cannella Questions the Safety of Bonds – Phil Cannella Blog
Phil Cannella – Phillip Cannella Blog: Phil Cannella challenges the idea that bonds are a completely safe investment. Another one of Phil Cannella’s famous philosophies is this concerning bonds: “Remember Enron? I know a lot of folks who prefer not to. This once-thriving blue chip turned scandal carried a substantial number of bonds. When Enron’s dodgy accounting practices were uncovered, and the company eventually filed for bankruptcy, those bonds became essentially worthless. This caused employees and investors to lose millions of dollars and, tragically for many, Read More +
Phil Cannella Launches the Crash Proof Retirement Show® – Phil Cannella News
Phil Cannella – Phillip Cannella News: Phil Cannella is on the air every weekend broadcasting his Crash Proof Retirement Show® across the CBS network. If you tune in on a Saturday morning you can here Phil Cannella discuss his crash proof principals. The Crash Proof Retirement Show® was not just a fancy gimmick or a means to get some marketing done. It was Phil Cannella’s way of bringing some truth to the American retiree that was otherwise getting no mention on main stream media. Once Phil Read More +
Phil Cannella Explains Fiduciary Responsibility – Phil Cannella News
Phil Cannella speaks about this often Phil Cannella – Phillip Cannella News: Phil Cannella often speaks of a fiduciary responsibility. What exactly is that you may ask. According to the dictionary, the word means “involving trust, especially with regard to the relationship between a trustee and a beneficiary.” Phil Cannella demands accountability Why is it that Phil Cannella speaks about this so often. Very simply put, because a lot of professionals in the financial services industry don’t uphold any such responsibility toward their clients. Phil Cannella Read More +
Phillip Cannella Media: Phil Cannella Discusses Reverse Mortgages
Phil Cannella – Phillip Cannella Media: Phil Cannella, as a renowned Retirement Expert, has some advice to share on reverse mortgages as a tool that may be appropriate for some seniors. Phil Cannella explains that a reverse mortgage is one of the best concepts to come along in years for the benefit of retired Americans. It’s a federally regulated financial resource that provides a lump sum of income with no restriction on its use. In fact, it’s a loan from yourself to yourself that’s tax-free and Read More +
Phillip Cannella News: Phil Cannella Explains How Crash Proof Retirement Applies to You
Phil Cannella – Phillip Cannella News: Phil Cannella crash proof retirement system is much more than just a cliché, it is a means to protect the nest egg of a consumer so that it is secure from market crashes. In this day and age, when retirees are living longer than ever, it is important than a retiree has the necessary wherewithal to live out their retirement dreams. This is one of the reasons Phil Cannella designed the Crash Proof Retirement system. He was dissatisfied seeing retirees lose Read More +
Phillip Cannella Blog: Phil Cannella Says that a Reverse Mortgage Could be a Win-Win for All Involved
Phil Cannella – Phillip Cannella Blog: Phil Cannella, as it is well-known, is a true retirement expert when it comes to working with a senior’s finances. Phil Cannella is the consummate financial professional and has studied much in order to properly advise and counsel seniors on what to do to protect their hard earned nest eggs as they go into retirement. One of the topics Phil Cannella is very familiar with is a reverse mortgage. This is really just another tool in the mix of tools Read More +
Phillip Cannella Media: Phil Cannella Explains Equity Indexed Annuities
Phil Cannella – Phillip Cannella Media: Phil Cannella carefully separates the different types of annuities available on the market so that the consumer can review and look at each one by its own merits. In fact, what Phil Cannella will do when a consumer comes through his educational process is educate him or her on the different types of financial vehicles out there so that they can make an informed decision with regard to their finances. An often misunderstood product, as Phil Cannella explains, is the Equity Read More +
Phillip Cannella Media: Phil Cannella Warns Not To Confuse the Bad Annuities with the Good Ones
Phil Cannella – Phillip Cannella Media: Phil Cannella, like any good researcher, can rapidly separate the good from the bad, the wheat from the chaff so to speak. Phil Cannella has done exactly that when examining the different types of annuities out there. As Phil Cannella points out, there are some annuities that are truly bad for the consumer and should never ever be sold. On the other hand, we cannot let the bad rap these annuities have get in the way of our clear thinking Read More +
Phillip Cannella News: Phil Cannella Adds Up The Fees in a Variable Annuity
Phil Cannella – Phillip Cannella News: Phil Cannella exposes in just minutes how a variable annuity is just wrong for the consumer in so many different ways. A simple math example that Phil Cannella can do on a white board in front of you illustrates this very, very well. First Phil Cannella tells us to add up the variable annuity fees from the insurance side and the mutual fund fees from the securities side. Easily, you could be looking at about 5% each and every year. Then Read More +
Phillip Cannella Media: Phil Cannella Gives us Another Fundamental Philosophy
Phil Cannella – Phillip Cannella Media: Phil Cannella shines a beacon of light for all people who are in their retired years. That light paves a way for a much more fulfilling and rewarding retirement by reason of protection and preservation of an individual’s estate by taking those assets that are at risk and putting this into vehicles that are proof’d against market loss. Phil Cannella provides consumers with a means to navigate through retirement by providing an education to all those that come through his doors. Read More +
Phillip Cannella Media: Phil Cannella’s Take on the Major Problem With Retirement Accounts
Phil Cannella – Phillip Cannella Media: Phil Cannella looks at retirement differently than most retirees and most financial advisors because his family suffered a catastrophic loss of their nest egg shortly after retirement. He now helps thousands of American retirees avoid the same catastrophe. During the Accumulation Phase, you may feel secure knowing that you are putting away money that will allow you to retire safely and happily. Whether you’ve contributed to a 401(k), 403(b), IRA, SEP, Keogh or other government sanctioned retirement account, you knew you Read More +
Phillip Cannella News: Phil Cannella Explains “Sleep Well Accounts”
Phil Cannella – Phillip Cannella News: Phil Cannella works with American retirees who want to sleep well knowing their nest egg is safe and sound. One of the financial lessons he teaches is something many people don’t realize, which is that the insurance industry can be their number one ally. Phil Cannella calls insurance products “sleep well accounts” because they allow you to sleep well no matter what the economic conditions are. If the markets go up, you sleep well knowing that you’re making money. If they Read More +
Phillip Cannella Blog: Phil Cannella Explains the Exclusion Ratio
Phil Cannella – Phillip Cannella Blog: Phil Cannella shows retirees everyday how to legally refrain from reporting 85% of their income over a ten-year period, a method that most financial advisors aren’t even aware of. Do you want to know how you can do the same? The answer lies with what is called the Exclusion Ratio, which is the portion of your annuity’s income that the IRS considers a return of your original principal. When you own certain insurance products, you receive a number of tax Read More +
Phillip Cannella Media: Phil Cannella’s Tips on Reducing Retirement Risk
Phil Cannella – Phillip Cannella Media: Phil Cannella considers himself a financial lifesaver, primarily because he teaches people what no one else is teaching. Part of those teachings include helping American retirees understand the risks their nest egg is under and how to safeguard against those risks. The best part about what Phil Cannella teaches is that with just a couple quick changes to your portfolio, you can move it out of risk and into a safe, age-appropriate, tax-free position, effectively reducing the risk of losing Read More +
Phillip Cannella News: Phil Cannella’s 13 Tough Questions You Should Ask Your Financial Advisor
Phil Cannella – Phillip Cannella News: Phil Cannella has said it many times, “retirement planning is an elite field that requires extensive training beyond the ‘one size fits all’ strategies that most ‘financial general practitioners’ use. To keep up with age-favorable IRS and IRA laws, as well as age-appropriate financial vehicles, a career-long financial and time commitment to continuing education is necessary. Only specialists will know the advantages of utilizing the specially designed financial products that are available to you in retirement. To determine if Read More +
Phillip Cannella Blog: Why Phil Cannella Urges Retirees to Stay Away from General Financial Advisors
Phil Cannella – Phillip Cannella Blog: Phil Cannella is on a mission to help American retirees live the dream of retiring comfortably and securely. It has been a life mission of his since he watched devastation take place when his grandpop lost his nest egg. Unfortunately, the majority of American retirees are being advised incorrectly when it comes to the safety of their nest egg, and it’s costing them the money they need to survive. As Phil Cannella points out, most advisors in our nation are Read More +
Phillip Cannella News: Phil Cannella Urges You to Crash Proof™ Your Retirement
Phil Cannella – Phillip Cannella News: Phil Cannella quite astutely points out, “There’s no lack of articles written about reaching retirement, enjoying retirement and what to do in retirement. But when’s the last time you read about Crash Proofing your retired years?” Phil Cannella is no stranger to helping people in their retired years, it’s what he does day in and day out. Every single week, Phil Cannella conducts an educational event to provide people in their retired years as well as those approaching retirement with tools, Read More +
Phillip Cannella Media: Phil Cannella Poses Questions to Answer Before and During Retirement
Phil Cannella – Phillip Cannella Media: Phil Cannella takes a step back to take a good hard look at your retirement so as to effectively plan for it. There is no cookie cutter approach to dealing with your retirement, no two cases, no two individuals are exactly alike. Phil Cannella observes that each and everyone of us and our individual needs are different and must be assessed independently. Phil Cannella points out that, “you have worked long and hard; you are at the summit of your financial Read More +
Phillip Cannella Media: Phil Cannella on the Loss of His Grandfather
Phil Cannella – Phillip Cannella Media: Phil Cannella has had a very colorful life indeed. One particular circumstance in his early days shaped him perhaps more than any other; the loss of his grandfather. In Phil Cannella’s own words, “with the loss of my grandfather, and being two years behind in college, I was feeling somewhat washed-up and depressed. I wondered, ‘Where do I go from here?’ But even more so I was dismayed by my findings at the state capital. Disheartened and feeling dispirited, I asked Read More +
Phillip Cannella Blog: Phil Cannella Learns of The Vast Number of Families Needing Care
Phil Cannella – Phillip Cannella Blog: Phil Cannella looked exhaustively into the situation affecting so many American families where one or another needed some nursing home care or assisted living care. In fact, what Phil Cannella discovered is that every single year, approximately one million seniors who worked a lifetime become impoverished due to poor planning or no planning at all during the retirement phase of their life. Recognizing this appalling statistic, Phil Cannella was determined to do something about it and so he did. Starting in Read More +
Phillip Cannella News: Phil Cannella Goes to the State Capital
Phil Cannella – Phillip Cannella News: Phil Cannella, in his search for answers to the dilemma he witnessed with his own family when his grandfather needed nursing home care, went out looking for answers and in his quest for answers went to the state capital to see what could be done to help people, other people, other families who are in the same boat. As Phil Cannella put it, “Feeling empowered by my frustration, I began to examine just how widespread this lack of planning was Read More +
Phil Cannella News: Phil Cannella Doesn’t Believe in Closing a Deal
Phil Cannella – Phillip Cannella News: Phil Cannella has made a career of educating consumers on how they can best achieve a safe retirement. After decades of learning how to best help consumers reach their goal, Phil Cannella has created a golden rule that he feels should be applied to anyone in the services industry; no deal should ever be closed. The very nature of the phrase, “close the deal,” implies that the relationship between the consumer and the servicer is finished. As an advocate for Read More +
Phil Cannella Media: Phil Cannella Discusses The Retirement Phase
Phil Cannella – Phillip Cannella Media: Phil Cannella has managed to categorize financial life into two very distinct phases, the accumulation phase and the retirement phase. At first this dissection seems obvious; however a majority of consumers don’t act accordingly when transitioning phases. When you are working a lifetime and saving money for retirement so that you can relax after years of hard work, this is your accumulation phase. Phil Cannella emphasizes that this is the phase in which consumers can experiment with risk investments like Read More +
Phil Cannella Blog: Phil Cannella Continues Education
Phil Cannella – Phillip Cannella Blog: Phil Cannella is no stranger to the expression, “practice what you preach,” which is why Phil Cannella is also no stranger to getting educated. Phil Cannella attends ongoing training sessions on the ever-changing laws surrounding Individual Retirement Accounts and other keystones to retirement finances. Part of his dedication to attending these classes is so he can grow his personal knowledge and expand his expertise. However, the leading factor to Phil Cannella’s desire to get educated is so that he can Read More +
Phil Cannella – Phillip Cannella in the News: Phil Cannella Brings a Sword to a Gunfight
Phil Cannella – Phillip Cannella News: Phil Cannella has stood against Wall Street for most of his career, bringing attention to the flaws, greed and corruption that have become the building blocks of what Wall Street has become. As with any worthy cause, Phil Cannella has been met with much resistance from Wall Street. Although Phil Cannella’s resources are dwarfed by that of Wall Street’s, his message has proven strong. While Wall Street may have a monopoly on mainstream media outlets like CNBC, they do not Read More +
Phil Cannella – Phillip Cannella in the News: Phil Cannella and the Sword of Truth
Phil Cannella – Phillip Cannella News: Phil Cannella has always used analogies and metaphors as a tool of educating consumers on the complex world of retirement finances. Phil Cannella’s unrivaled ability to apply relatable concepts to the difficult process of learning finances has made him one of the nation’s leading educators on all things retirement. One of Phil Cannella’s most notable creations is his metaphoric Sword of Truth. Phil Cannella recognized that our culture views a sword as more than an obsolete weapon from long ago, Read More +
