Phil Cannella Stepping down as CEO – Phil Cannella News

Phil Cannella provides retirees steady income Phil Cannella – Phillip Cannella News: Phil Cannella is a revolutionary thinker. Phil Cannella in the 1970s, was a pioneer in developing long-term care insurance which today helps millions of retired people afford the continuing medical care they need. Today, Phil Cannella’s cause is the Crash Proof Retirement system, which [...]

Phil Cannella – Phillip Cannella in the News: Phil Cannella Elucidates on the Responsibilities of Wielding the Sword of Truth

Phil Cannella – Phillip Cannella News: Phil Cannella has a system that he has built and refined over the years that is built on the very foundation of truth. But what does “wielding the Sword of truth” really mean? I think of a knight in shining armor gallivanting around the country side in days gone by. [...]

Phil Cannella – Phillip Cannella in the News: Phil Cannella Strikes Out At the Lies

Phil Cannella – Phillip Cannella News: Phil Cannella is diametrically opposed to those who purvey lies in order to serve their own ends. In Phil Cannella’s books, there is no greater harm that one can do in the financial industry than to take advantage of the ignorance of the many to line one’s own pockets. Phil [...]

Phil Cannella – Phillip Cannella in the News: Phil Cannella Shows Us the Power of the Sword of Truth

Phil Cannella – Phillip Cannella News: Phil Cannella has a Sword of Truth. To some this may sound like no more than a marketing slogan. If it were just a slogan we would have to question why it is so successful, for only truth begets success. We asked Phil Cannella what exactly is the Sword of [...]

Phil Cannella – Phillip Cannella in the News: Phil Cannella Talks About Truth

Phil Cannella – Phillip Cannella News: Phil Cannella has a powerful tool in his arsenal and that tool is “truth.” Now that word has boggled philosopher’s minds for centuries upon centuries who are always seeking to uncover basic truths of the universe. For Phil Cannella it is about providing the truth in terms of the real [...]

Phil Cannella – Phillip Cannella in the News: Phil Cannella Explains the Sword of Truth

Phil Cannella – Phillip Cannella News: Phil Cannella utters some deep words when he says that he wields the Sword of Truth. What exactly is that you may ask? In the words of Phil Cannella himself, “in my personal life, as in my financial practice, I have strived to wield what I call the Sword of [...]

Phil Cannella – Phillip Cannella in the News: Phil Cannella Talks About the Tax-Addicted IRS

Phil Cannella – Phillip Cannella News: Phil Cannella, like many of us, is not too fond of the IRS. Why should we be? We work hard every day just to make ends meet and then see a large portion of our paycheck taken away from us without our volition. Compare this to what Phil Cannella says [...]

Phil Cannella – Phillip Cannella in the News: Phil Cannella Shows You How to Escape Unnecessary Taxation

Phil Cannella – Phillip Cannella News: Phil Cannella knows how to help you reduce your taxes in a legal way! While many can help you reduce your taxes by using methods that may not pass an IRS audit, Phil Cannella can do quote the opposite. His methods are right in keeping with IRS laws and regulations. [...]

Phil Cannella – Phillip Cannella in the News: Phil Cannella Boosts his Efforts to Educate in 2014

Phil Cannella – Phillip Cannella News:  Phil Cannella has maintained a mission to educate Americans on the little known investment options available to them that are truly Crash Proof, meaning even in a financial crisis your retirement finances are safe. Coming off of record breaking bull market in 2013, Phil Cannella’s expert opinion is that markets [...]

Why Phil Cannella Chooses to Educate

Phil Cannella recognizes that Wall Street has dominated to the financial services industry for decades, and therefore most consumers associate all financial services with Wall Street. Phil Cannella has built his career in the financial services industry, but he is in no way associated with Wall Street. In fact, Phil Cannella stand strong as a [...]

Phil Cannella Strives to Inspire

Phil Cannella is most recognized as being one of the nation’s leading financial advisors when dealing exclusively with retirement assets. However, there is a side to Phil Cannella that simply cannot be conveyed on a resume. It is his dedication to inspiring those around him that truly makes Phil Cannella successful, not just in his [...]

Phil Cannella on Voice of Reason with Larry Kane

Retirement Phase Expert Phil Cannella appears on Larry Kane’s “Voice of Reason” as an expert panelist along with Temple University’s Dr. Bruce Rader and Senior Economist Ryan Sweet of Moody’s Analytics. The men discussed topics that concern retirees, like scandals on Wall Street, Risk and Retirement, and Financial Literacy.

Phil Cannella answers Questions

Retirement Media’s Phil Cannella traveled to Valley Forge Military Academy to ask the everyday American, “Is there such a thing as a Crash proof Retirement­™?”

Phil Cannella speaks Educational Event

Senior Advocate Phil Cannella educates retirees every week about the dangers of the stock market and gives them crucial remedies that can ensure their retirement is safe, secure, and comfortable. Sign up for an event today to find out more! Sign up at http://www.crashproofevents.com

Phil Cannella: NBC10′s Bill Henley interviews Phil Cannella on Aging

Phil Cannella educates the viewers of NBC’s “The 10! Show” about how children of aging parents can better look after their mother and father and avoid financial risks. Learn more at http://www.crashproofretirement.com

Phil Cannella: NBC10′s Luann Cahn interviews Phil Cannella

Phil Cannella educates the viewers of NBC’s “The 10! Show” on the difference between the securities industry, the banking industry, and the insurance industry. Learn more at http://www.crashproofretirement.com

Phil Cannella Action News ABC

Phil Cannella on ABC Action News Joann Small and Phil Cannella of First Senior Financial Group and Retirement Media, Inc. respectively, made a very generous donation to the American Red Cross to aid in Hurricane Sandy Relief. The donation was made on behalf of all who attended the most recent Crash Proof Retirement educational event at [...]

Phil Cannella on NBC 10 TV Show

Phil Cannella on NBC10! Show Phil Cannella makes an appearance on the NBC 10! Show to discuss the intricacies of a Roth 401k conversion.

Phil Cannella on TV Fox 29

Phil Cannella on Fox29 Phil Cannella, founder and then CEO of First Senior Senior Financial Group, gives pointers on coping with the ongoing recession in a FOX interview, dated August 15, 2010. Today Mr. Phil Cannella is founder and CEO of Retirement Media, Inc., dedicated to reporting “Truth for the American Retiree.”

Phil Cannella in The Media

Phil Cannella has gained attention over the years as a notable Retirement Expert and Senior Advocate. As with any worthy mission, Phil Cannella’s dedication to bringing truth and logic into an otherwise corrupt financial industry has not gone unnoticed. Whether it is an appearance on major networks sharing his expert insight or news coverage of the [...]

Phil Cannella Continues to seek Compliance with IRA Law

Phil Cannella and First Senior Financial Group are required to maintain their insurance licenses by continuing their education through at least 24 hours of credits every two years.  These credits must be earned through a state approved facility such as a university or other professional establishment.  This is a requirement by law to maintain all [...]

Phil Cannella Provides Free Review Service to all Clients

All clients of First Senior Financial Group and Phil Cannella are provided with a free review service at the headquarters office which is located in King of Prussia, PA.  The review team is comprised of salaried employees who are licensed professionals whose main purpose is to help educate and recommend crediting methods for the upcoming [...]

Phil Cannella Protects Clients through Recorded Lines

Phil Cannella prides himself in being a consumer advocate and proves this by recording all of the phone calls in and out of First Senior Financial Group.  The recorded lines help protect the clients from any kind of corruption or misinformation.  The analysts and review team are all held accountable for their actions and what [...]

Phil Cannella Provides a Fiduciary Responsibility

First Senior Financial Group and its founder, Phil Cannella, have a salaried Design Team that is utilized to provide a fiduciary responsibility to all of its clients.  Most financial advisors pick out investment instruments that benefit them more than it does the consumer.  Phil Cannella avoids this by employing a licensed staff who analyze and [...]

Phil Cannella Educates on a Roth IRA Conversion

Phil Cannella is all too familiar with a common saying that most people have heard before “there are two things certain in life, death and taxes.”  Although this is true and no one can live forever, there are ways to help reduce taxes to the American Retiree and Phil Cannella wants to share that secret. [...]

Phil Cannella Shares a very little known IRS Rule

The IRS is full of all sort of different rules and regulations which Phil Cannella strives to keep up with.  One little unknown secret that Phil Cannella educates consumers on is called the exclusion ratio.  This rule will allow a person to receive a tax efficient income over a period certain time frame. This rule, [...]

Phil Cannella Starts 2014 in a Huge Way

Founder of First Senior Financial Group and the Crash Proof Retirement Show, Phil Cannella, recently hosted their first educational event for the 2014 year at the William Penn Inn.  Phil Cannella was accompanied by 200 concerned retirees that enjoyed a remarkable education and free dinner.  The event included exclusive interviews from several U.S. government and [...]

Phil Cannella Emphasizes No Risk

First Senior Financial Group and its founder, Phil Cannella, pride themselves in their ability to safely invest the American Retiree’s nest egg.  Phill Cannella utilizes the Life Insurance Industry’s contractual agreements in order to capture interest in up markets but also preserve the principal should the markets correct or devalue.  It’s all very simple really. [...]

Phil Cannella Speaks about the Roth IRA

Many have heard Phil Cannella on the radio or at educational events speaking about the “Roth IRA” at some point or another, but we all often have more questions. In this Q&A interview, Phil Cannella answers the questions about the Roth IRA that a lot of us have had all along.   Question: We hear [...]

Who is Phil Cannella?

Not long ago, an interviewer asked noted senior advocate and activist Phil Cannella about the early influences that had shaped Phil Cannella’s enormously successful career and fueled his unbridled passion for senior advocacy. Below is an excerpt from this interview that takes a look into what has motivated Phil Cannella to get to where he [...]

Phil Cannella Educates the Consumer

Phil Cannella is a strong believer in education. Even the great minds of the world have devoted much of their time to learning. Discovering new concepts and learning new skills is what empowers every individual in any walk of life. And so it is with Phil Cannella, whose passion is to educate the American retiree [...]

Phil Cannella Dazzles Crowd at Copperfield Inn

People thronged the Copperfield Inn last night to hear Phil Cannella spell out how to Crash Proof™ their nest eggs. The few doubters in the crowd quickly became believers as Phil Cannella hit them with a treasure trove of invaluable tips to prevent the deterioration of their accounts. We hear frequently from our consumers on [...]

Phil Cannella Exposes the SEC

Attend one of Phil Cannella’s educational events, you’ll hear a few things about the Securities and Exchange Commission, better known as the SEC. It is that agency of the US Government whose primary responsibility is monitoring and regulating the securities industry, Wall Street, etc. The SEC was created after the 1929 Stock Market crash that [...]

Phil Cannella On Wall Street

Phil Cannella: A great quote is attributed to Michael Jordan: “If you’re trying to achieve, there will be roadblocks. I’ve had them; everybody has had them. But obstacles don’t have to stop you. If you run into a wall, don’t turn around and give up. Figure out how to climb it, go through it, or [...]

Phil Cannella Enlightens Thousands

Phil Cannella: “Education is the movement from darkness to light” is a quote attributed to 20th century philosopher, Allan Bloom. It is with these words that Phil Cannella gives such emphasis and focus on educating his consumers. “People are kept in the dark so that they can be taken advantage of” says Phil Cannella when [...]

Phil Cannella Fights for Freedom

Phil Cannella: “Freedom is never given; it is won” is a famous quote often repeated. People often think of freedom fighters as those who pick up a sword, a gun or a weapon and go out fighting for their country. And some think of those who have risked their lives demonstrating for a worthwhile cause. [...]

Phil Cannella the Educator

Phil Cannella: “Education is not preparation for life; education is life itself.” These are famous words of John Dewey, a noted American philosopher of the 19th and 20th century. Words like these couldn’t be more true. When we stop learning, when we stop trying to discover something new, when we stop educating ourselves, what is [...]

Phil Cannella Goes Down to Washington

Phil Cannella: I believe it was Theodore Roosevelt who said “In any moment of decision, the best thing you can do is the right thing, the next best thing is the wrong thing, and the worst thing you can do is nothing.” There is one unmistakable attribute of Phil Cannella; he will never do nothing. [...]

Phil Cannella Interviews Harry Dent

Phil Cannella: For any of you who do not know, Harry Dent is a renowned economist and best-selling author who uses the science of demographics to predict future market events. Host of The Crash Proof Retirement Show®, Phil Cannella followed how, with uncanny accuracy, Dent predicted the 1990-92 recession; the biggest bull market run in [...]

Phil Cannella Focuses on Education

Phil Cannella: In this day and age, it is not too difficult to find a Financial Advisor to tell you what to do with your finances. The question really is, can you find a Financial Advisor who is truly concerned and interested in helping you achieve your goals rather than his own bottom line? It [...]

Phil Cannella Sees Record Number of Clients

Phil Cannella’s world renowned Crash proof Retirement™ System has now seen a record number of senior citizens protect their hard earned dollars from the perils and risks of Wall Street. First Senior Financial Group holds weekly educational events that Phil Cannella promotes through his weekly radio show, The Crash Proof Retirement Show®. More than 7,000 [...]

Phil Cannella Wows Crowd at William Penn Inn

Phil Cannella: 200 people came to the William Penn Inn in Lower Gwynedd, PA to hear Phil Cannella explain how to Crash Proof™ their retirement accounts. The few skeptics in the crowd quickly became believers as Phil Cannella hit them with nuggets of invaluable tips to prevent the erosion of their accounts. As we have [...]

Phil Cannella on Age Discrimination

Phil Cannella on AGE DISCRIMINATION Each year, more and more seniors decide to suspend retirement and reenter the workforce. Should you find yourself in this situation, it is important to know and understand that there are federal laws to protect you from age discrimination on the job. Phil Cannella explains ADEA The Age Discrimination in [...]

Phil Cannella on the Different Financial Phases of Life

Phil Cannella: The Accumuation Phase Vs. Retirement Phase The first half of your financial journey is the Accumulation Phase, the first half of your financial life. And the second half is the Retirement Phase, wherein the game will be won or lost for you and your family. Will your money last as long as you? [...]

Phil Cannella Explains Bankruptcy Vs Receivership

Phil Cannella: What retirees need to know about bankruptcy and receivership Financial news stations spout the words bankruptcy and receivership as if their definitions were common knowledge. There are important differences between the terms—especially where retirees are concerned. The most common option for bankruptcy is Chapter 11, or reorganization. Under this option a company continues, [...]

Phil Cannella on Municipal Bonds for IRAs

Are Municipal Bonds Right for Retirees? Retirees should not hold municipal bonds in an individual retirement account, according to Phil Cannella, IRA expert. The tax-free nature of municipal bonds serves as a major incentive for investors looking to hold long-term assets. However, IRAs are classified as “tax-deferred,” meaning investors must pay taxes when taking money [...]

Phil Cannella Warns Seniors about Internet Scams

Phil Cannella has maintained a stance on fighting for the everyday consumer his entire career. By default, that makes those who have made a career from scamming seniors his foes. Wouldn’t we all love to make vast sums of money with the absolute minimal amount of effort? Of course we would. Do we want money [...]

Phil Cannella on the Baby Boomer Crisis

Phil Cannella: “A weak recovery likely, caused by Boomer retirement” It’s not just Phil Cannella saying this, we all know that Baby Boomers are retiring in droves—specifically, the leading edge of an estimated 78 million Boomers turned 65 late 2012. Couple that with a sputtering economic recovery and the news isn’t good for future generations. [...]

Phil Cannella Warns about a Coming Tax Hike

An exclusive interview with Phil Cannella. Phil Cannella, a recognized Senior Advocate and Retirement Expert, spoke with a Philadelphia-area reporter on numerous topics that are of vital interest to retirees. In this portion of the interview, Phil Cannella speaks on the “the looming tax wave,” and how retirees can best protect themselves from the consequences [...]

Phil Cannella Shares his Philosophy on Retirement

Phil Cannella, who comes from a background of nearly four decades working with those in or near retirement, shares his unique philosophy on retirement, sculpted from countless hours of getting to know the everyday American and their dreams and views on retirement. Q: Why do you say that retirement funds aren’t just about money? Phil Cannella: It’s [...]

Phil Cannella on the Relationship Between Life and Finances

Another installment of our reporter’s extended interview with noted retirement specialist Phil Cannella, founder and CEO of First Senior Financial Group and host of The Crash Proof Retirement Show™. Q: I’ve heard that you have interesting viewpoints on the relationship between finances and life itself. Phil Cannella: Well, it’s been said that all of life is [...]

Phil Cannella on How to Avoid Probate Expenses

Recently, noted retirement specialist Phil Cannella, Founder of First Senior Financial Group and host of The Crash Proof Retirement Show™, spoke with a Philadelphia-area reporter on a number of topics that are vital for retirees. The current passage focuses on probate, and how to avoid becoming a victim of a complicated system. Reporter: Can you give [...]

Phil Cannella: Top Reasons Why Americans Can’t Retire

More than 40% of Americans believe they’ll have to work into their 70s in order to have a comfortable retirement. 1 in 10 people think they’ll have to work into their 80s. Here are some of the top reasons people feel that they won’t be able to retire when they planned: 1. Feeling Financially Insecure [...]

Phil Cannella The Crash Proof Retirement™ Page on CBS Philly

by Phil Cannella For all the longtime listeners of the Crash Proof Retirement Show®, I wanted to direct you to our page on CBS Philly’s Website. Myself and Joann Small have always been pleased to work and broadcast our radio show on the CBS media family and we hope you enjoy listening to us. Now [...]

Phil Cannella: Check Out Transamerica’s 13th Annual Retirement Survey

By Phil Cannella In my efforts to bring you the best, most useful information about retirement, I came across this annual survey conducted by Transamerica Center for Retirement Studies.  This is a great survey that contains a treasure trove of information that can help anyone in or near retirement prepare for the future.  If you’re [...]

Phil Cannella: S&P, Moody’s Settle Lawsuit Without Admitting Wrongdoing

by Phil Cannella In a story that has become all too common these days, ratings agencies Standard & Poor’s and Moody’s settled a lawsuit accusing them of manipulating their ratings before the financial crisis of 2008.  Specifically, the two agencies are accused of giving good ratings to risky subprime mortgage products in order to make [...]

Twitter Causes Stock Market Crash

Photo Credit: Annette Shaff / Shutterstock.com by Phil Cannella If anyone out there is still not convinced that the stock market is too volatile for people in or near retirement, I give you this story: Tuesday afternoon, hackers took over the Twitter account of the Associated Press, an account that nearly one million followers count [...]

Follow Phil Cannella on Social Media

by Phil Cannella I maintain an active presence on Facebook, Twitter, Pinterest, and Pheed, so if you’re a fan of Phil Cannella, be sure to check out my Social Media Pages, which are updated every day with great new content. I like to post pictures from events, media coverage, videos from my Youtube channel. I [...]

New Retirement Blog at RetirementNews.net

by Phil Cannella I wanted to let everyone know about this great new blog at RetirementNews.net. By visiting the site, you can stay up to date on the latest news that affects retirees. Here’s a link to the latest post: RetirementNews.net – New Budget Plan Takes Aim at Retirees In the future, you will see [...]

The Crash Proof Retirement Show® Outrage of the Week

Today we have a preview of this weekend’s “Outrage of the Week” segment that will air during our Saturday show (11 AM to 1 PM on 1210 WPHT). If you’d like to hear the segment read on the air, tune in on Saturday, when you’ll hear the Outrage of the Week, as well as some [...]

A Clip from “Voice of Reason” with Larry Kane

by Phil Cannella My Crash Proof™ Production Crew at Retirement Media, Inc. put together this video for me the other day and I wanted to share it with you. As you may know, I was invited to appear on “Voice of Reason” with Larry Kane, which aired March 17th and 20th on the Comcast Network. [...]

Phil Cannella and Joann Small in Profile Magazine

by Phil Cannella One of the dedicated employees at Retirement Media, Inc. passed this link along to me today, and needless to say I was ecstatic to see that myself, Joann Small, and Crash Proof Retirement™ were being recognized in the media once again. This time, Profile Magazine decided to cover Crash Proof Retirement™, First [...]

New POGO Report Highlights Revolving Door Bonuses

by Phil Cannella Our friend Michael Smallberg with the Project on Government Oversight (POGO) is back again with another damning report of the Revolving Door between Washington regulators and Wall Street Financial Firms. It seems that not only is the Revolving Door still spinning, but that private firms are also offering their executives big bonuses [...]

Saturday on The Crash Proof Retirement Show®: Temple University’s Dr. Bruce Rader

by Phil Cannella This Saturday, I have a very special Crash Proof Retirement Show® for my loyal listeners, so make sure to tune in. My guest will be Dr. Bruce Rader, Assistant Professor of Finance from Temple University’s Fox School of Business. For those of you who have been following me, Dr. Rader was one [...]

New Survey Shows Retirement Confidence is Low

by Phil Cannella The Employee Benefits Research Institute (EBRI) released its yearly Retirement Confidence Survey (RCS) on Tuesday this week, and the results were not exactly looking rosy. The survey found that retirement confidence took a dip this year, after rising slightly in 2012. It seems that retirees now are much less confident that they [...]

Phil Cannella on “Voice of Reason” with Larry Kane Re-Airing on Wednesday

by Phil Cannella I wanted to let all of my listeners, clients and fans know that “Voice of Reason” with Larry Kane will be re-airing this Wednesday, March 20th at 5:30 PM on the Comcast Network. That’s Channels 8 and 845 for Comcast subscribers; if you have a different provider, you should check your local [...]

Phil Cannella to Appear on “Voice of Reason” with Larry Kane

by Phil Cannella I was ecstatic last week when I found out I was invited to appear on “Voice of Reason” with Larry Kane. Truly, I was honored to be invited to speak with such a legendary journalist for a panel discussion about the current state of the economy. I wanted to let all my [...]

Dow Jones Reaches Record High, But Is Your Money Safe?

by Phil Cannella Many news outlets are reporting this morning that the Dow Jones Industrial Average has reached a record high (here’s the New York Times’ take on it).  Five years ago, the Dow Jones closed above 14,000, and today it has shattered that record.  But does that mean everything’s fine now, and that it’s safe [...]

Will New SEC Chairman Get Tough on Financial Crimes?

by Phil Cannella Not long ago, I wrote about the appointment of Mary Jo White, the new chairman of the SEC.  At the time, I felt it would be good for the SEC to have a chairman at all, regardless of who it was, since the agency was left without a permanent leader for about [...]

JPMorgan CEO, “We Actually Benefit from Downturns”

You may remember JPMorgan as being one of the major players in the fiscal crisis of 2008.  It was big banks like JPMorgan, Goldman Sachs, Citigroup, and the rest of Wall Street who engineered the subprime mortgage products that wreaked havoc on the housing market, the stock market, and the overall economy.  The CEOs of [...]

HSBC Study Shows Millions of Retirees Expect to Outlive Their Nest Eggs

by Phil Cannella I came across an interesting study today which I think is relevant to everyone in or near retirement.  The study, called The Future of Retirement: The Power of Planning (click here to read the report), was conducted by HSBC bank, and has been ongoing since 2005.  The report compiles statistics about retirees and [...]

A Transcript of Phil Cannella’s Interview with Michael Smallberg of POGO (Part 4)

Today I will be posting the final portion of my interview with Michael Smallberg of the Project on Government Oversight.  For those who haven’t been following along, Mr. Smallberg and I discussed the Revolving Door problem at the SEC, and how it has affected the agency’s ability to regulate effectively.   Phil Cannella: That’s great, [...]

A Transcript of Phil Cannella’s Interview with Michael Smallberg of POGO (Part 3)

Today I’ve posted part 3 of the transcript of my interview with Michael Smallberg of the Project on Government Oversight (POGO).  POGO has released two reports over the past year or so regarding the Revolving Door problem at the SEC, where former SEC staffers take jobs in the private sector financial industry and use the [...]

A Transcript of Phil Cannella’s Interview with Michael Smallberg of POGO (Part 2)

Exactly one week ago, The Project on Government Oversight (POGO) released its second report on the Revolving Door at the Securities and Exchange Commission.  POGO found that former SEC employees had testified on behalf of the financial industry hundreds of times leading up to (and after) the financial crisis of 2008.  I felt the release [...]

A Transcript of Phil Cannella’s Interview with Michael Smallberg of POGO

If you read my blog post yesterday, you’ll remember that I spoke to Michael Smallberg of the Project on Government Oversight (POGO) early in 2012 about the revolving door between the SEC and the private sector financial industry.  I wanted to give you a transcript of that interview in case you weren’t able to listen [...]

Phil Cannella Interviews Michael Smallberg of POGO

With the release of a new report on Monday by the Project on Government Oversight (POGO), it only makes sense to revisit Phil Cannella’s interview with Michael Smallberg of POGO.  Mr. Smallberg is an investigator at the organization, which seeks to advocate for stricter regulations preventing the Revolving Door Between the SEC and the private [...]

More Revolving Door Horror Stories

In yesterday’s post, we talked about a new report by the Project on Government Oversight that reveals the true extent of the revolving door from Wall Street to the SEC and vice-versa.  Well as I’ve dug further into the report, I’ve picked out some interesting anecdotes to share with you that really demonstrate how bad [...]

Phil Cannella Exposes the Revolving Door

Phil Cannella has made it his life’s work to investigate flaws within the systems that impact the lives of the everyday consumer. You’ve probably heard me talk about the revolving door before.  That’s when employees of the Securities and Exchange Commission (SEC) leave their jobs to take new ones in the private sector financial industry. [...]

Phil Cannella on PhillyAdClub.com

As part of the 98.1 WOGL Loves Our Kids Radiothon, Phil Cannella, Joann Small, and the Crash Proof Retirement™ Team once again made a big splash by being the largest single donors of the event.  Cannella and his team even managed to top their previous donations, made in 2010 and 2011, of $50,000 by donating [...]

Phil Cannella Warns: Watch Out for Identity Theft

Phil Cannella recognizes the dangers of identity theft, and hopes to bring awareness of this issue to seniors. I read an interesting blog post today, and it reminded me of a problem that’s becoming all too common these days:  Tax Refund Identity Fraud (click here to read the blog post). This occurs when someone files [...]

Cadillac Jack Speaks about Phil Cannella’s Donation

Phil Cannella, Joann Small, and the Crash Proof Retirement Team made a generous donation to the Children’s Hospital of Philadelphia (CHOP).  The difference this year?  They made an even larger donation than they have made in past years. The donation was made as part of the WOGL 98.1 Loves Our Kids Radiothon, which provides donations [...]

Phil Cannella Warns About Ratings Agencies

Phillip Cannella warns investors to be cautious of investment rating agencies. Just five short years after Wall Street and ratings agencies worked together to defraud American investors, the U.S. government is finally getting around to doing something about it.  The government announced it will be suing the parent company of ratings agency Standard and Poor’s [...]

Phil Cannella in the Delco Times

Much was written about Phil Cannella, Joann Small, and Crash Proof Retirement after their participation in the 98.1 WOGL Loves Our Kids Radiothon that raised $658,272 for the Children’s Hospital of Philadelphia.  Their generosity earned them a lot of attention from the local press, spawning several stories.  Follow the link below to see coverage of [...]

Phil Cannella on the Treasury Department

Phil Cannella Keeps a Watchful Eye on the Federal Agencies Governing the People he Stands to Defend. I came across this story today, and needless to say, I was not happy about what I found.  It seems that the U.S. Department of the Treasury, under the leadership of Tim Geithner, allowed executive pay raises and [...]

Phil Cannella at the 98.1 WOGL Loves Our Kids Radiothon

Pictured above:  Phil Cannella and Bob Pantano This year’s 98.1 WOGL Loves Our Kids Radiothon was a resounding success, thanks to the efforts of so many local personalities who lent their names to a great cause.  Members of WOGL’s morning show, “The Breakfast Club” were on hand to help out with the festivities, including hosts [...]

Phil Cannella Speaks on the New SEC Chair

Phil Cannella I’ve been saying for years how the SEC needs effective leadership to do the job that we as taxpayers pay them to do.  You may remember my groundbreaking interview with former SEC Inspector General H. David Kotz, in which he said that the SEC had management problems that made it difficult for them [...]

Phil Cannella Speaks at One of the Largest Educational Events Ever

After taking a brief hiatus over the holiday season, Phil Cannella burst back onto the scene with his usual vigor and flair for the dramatic.  He spoke at an educational event at the William Penn Inn in Lower Gwynedd, PA on Tuesday January 22nd to one of the largest crowds in the history of First [...]

Fiscal Cliff Delays Tax Season

by Phil Cannella For anyone who was wondering when they can file their taxes this year, wonder no more.  Tax season has been postponed slightly, due the battle over the fiscal cliff early in 2013. Since the IRS needed to time update their tax laws, they will not be accepting returns until January 30th this [...]

Crash Proof Retirement Team Makes Donation to CHOP

Never one to take his success for granted, Phil Cannella is always looking for ways to give back to the community.  That’s why he teamed up with Joann Small, CEO of First Senior Financial Group, and the Crash Proof Retirement Team to contribute to 98.1 WOGL’s Loves Our Kids Radiothon.  To date, Phil Cannella and [...]

Phil Cannella: JPMorgan CEO Gets a Pay Cut

by Phil Cannella For once in the history of Wall Street firms, a CEO is being taken to task for creating huge losses that cost investors billions.  In his years as a Senior Advocate, Phil Cannella has seen investment firm CEOs tank their own companies, and get huge bonuses for doing it.  Now, Jamie Dimon, [...]

Phil Cannella Participates in Charity Radiothon

Phil Cannella was once again a fixture at the 98.1 WOGL Loves Our Kids Radiothon when First Senior Financial Group and Crash Proof Retirement Teamed up to donate $65,000 to the Children’s Hospital of Philadelphia (CHOP).  On hand to receive the donation were CHOP employees and members of the CBS radio team, including WOGL FM’s [...]

Phil Cannella: Taking Death Distributions from Inherited IRAs

We’re back again with more great tips from Phil Cannella on taking death distributions from Traditional IRAs. We talked last week about Required Minimum Distributions and how they can affect you if you have a Traditional IRA. We also talked a little bit about the Required Beginning Date (RBD), which is the date when you [...]

Regulators Finally Get Tough with Mortgage Lenders

Phil Cannella has been saying for years that the regulators aren’t regulating banks and financial firms, which is what allowed them to cause the mortgage bubble that crashed the U.S. economy in 2008.  Now, five years after the crisis began, regulators are finally putting requirements into place that will help stem the tide of faulty [...]

Phil Cannella on 6ABC Action News

  In keeping with his tradition of philanthropy, Phil Cannella and Joann Small teamed up with the Crash Proof Retirement Team to make a generous donation to the Red Cross.  The money will go towards helping those who lost so much during Hurricane Sandy. Phil Cannella has always called the Greater Philadelphia area his home, [...]

Phil Cannella: Taking Death Distributions from Inherited IRAs

  Phil Cannella:  Master IRA Advisor Taking Death Distributions from Inherited IRAs In his 38 years as a Master IRA Advisor, Phil Cannella has seen it all.  People use many different methods to plan for retirement, but today one of the more common ways to save is by contributing money to an IRA.  If you’re [...]

Phil Cannella and Joann Small Present Check to Red Cross

  Phil Cannella presented a check for $12,500 to the Red Cross South Jersey Chapter to aid in the relief efforts for those affected by Hurricane Sandy.  New Jersey was particularly hard hit by the storm, which left residents without power for long periods of time and caused many to lose their homes and businesses. The [...]

Phil Cannella and Crash Proof Retirement Make Donation to CHOP

As part of his work with the 98.1 WOGL Loves Our Kids Radiothon chartiable event, Phil Cannella was on hand with his radio show co-host Joann Small to present a check for $65,000 to the Children’s Hospital of Philadelphia (CHOP) on behalf of First Senior Financial Group, the company he founded, and of the Crash [...]

How to Fight Your Health Insurer – Reports & Recourse

Phil Cannella: You CAN fight your health insurer! According to the Government Accountability Office, patients who receive a health insurance claim denial have a 39% to 59% chance of getting it reversed if they appeal directly to their insurer and a 23% to 54% chance if they appeal to a third party authorized to hear [...]

Will My Money Last Me Through Retirement?

Is the American Dream slipping away? We all work years and years dreaming that the fruits of our labor will pay dividends in our retired years. But the truth is, according to noted retirement specialist Phil Cannella, that an increasing number of are not realizing that dream. According to AARP public policy Institute, which surveyed [...]

How to Tell if Your Financial Advisor is Honest

Is Your Advisor Looking out for You? Nowadays, the last thing you need is an unscrupulous financial advisor. With the twists and turns of today’s economy, a retiree needs an advocate, not a con artist. Phil Cannella offers some red flags to watch out for: • Avoid stockbrokers who claim to have a “secret method” [...]