Category Archives: Phil Cannella Blog

Questions to Ask Your Employer about Your 401(k) plan

Defined-benefit pension plans are shrinking in number. So mow more than ever retirement funds and saving for retirement has started to become a responsibility of the employers. Many employers are now switching over to plans such as the 401(k), which are defined contribution plans. How good is the 401(k) match? If your employer offers employer match, the smartest move is to at least contribute enough money into your account to take advantage of the funds that your employer can pitch in. To determine how much Read More +

Phil Cannella Creates a Crash Proof Retirement for Dom and Linda Magazu

Phil Cannella’s exclusive Crash Proof Retirement System has helped over 4,000 people have a more safe and secure retirement. Today, we focus the Crash Proof Consumer “Spotlight” on Crash Proof consumers: Dom and Linda Magazu of Gibbstown N.J Prior to their decision to becoming Crash Proofed, the Magazus were courted by a securities advisor with disastrous results. The financial firm they went with turned out to be a complete fraud. Once the deal was done, neither the firm nor the Magazu’s money were ever seen Read More +

Phil Cannella Talks to Retirees on the Market

Phil Cannella stands against an industry that is fighting to keep retirement assets at risk. A sizeable percentage of the investments found in the stock market belongs to Americans aged 50 and up, so you might understand why the Securities Exchange Commission is protective over its market and why its representatives—your financial advisors—want to protect it. Phil Cannella often points out at his educational events that it’s retiree’s money that’s fueling the securities industry. Think about the millions of dollars in taxes that the government Read More +

Phil Cannella Spearheads Industry Reform

Phil Cannella, has been a leading insurance and financial professional for for almost 40 years, and has been at the vanguard of a movement to reform the financial services industry. He is leading the charge to bring real fiduciary responsibility to financial advisors so that American retirees can get the real and true financial help they deserve. Phil Cannella believes the real problem is that too many financial professionals are not acting in the best interest of their clients because the best interests of the Read More +

Phil Cannella Helps with Retirement Phase of Life

Phil Cannella doesn’t look upon retirement as “the end of a cycle but rather the beginning of a brand new cycle.” While some would say that retirement signifies the approaching end of life, Phil Cannella looks at retirement as the beginning of a completely new aspect of life. In his own words: “While my grand pop and many others like him in this great country of ours believe that retirement is the end of the road, and that the planning is over, that simply isn’t Read More +

Phil Cannella Stands up to Wall Street Giants

Phil Cannella is quick to slam advisors on Wall Street due to their lack of fiduciary responsibility and is one of the few retirement experts who will stand up to these “Wall Street titans:” demanding that they hold true to their mission statements rather than holding true to their own pocket books. Phil Cannella has long been appalled by the amount of fees and commissions that so many Wall Street brokers “steal” from their clients. The word “steal” is used advisedly as they don’t call Read More +

Phil Cannella Talks Changes to Social Security Benefits

Phil Cannella is not happy with all the changes that have been made to Social Security as a result of the 2015 budget act. This piece of legislation was introduced in order to raise the debt ceiling by $1.5 trillion dollars to prevent yet another government shutdown. It’s bad enough that there is unfettered spending throughout the U.S. government, but the curtailing of Social Security benefits to those who depend on it the most is deeply troubling to Phil Cannella. Through his proprietary Crash Proof Read More +

Phil Cannella says Economy Not Growing

Phil Cannella is quick to tell investors the truth about the current economy, which is often not exposed by the mainstream media. For the last 3-4 years many consumers have felt extremely bullish about the market because they have seen the S&P and Dow, along with other indexes, catapult to new highs over the last several years. With this consumer optimism, investors have flocked to the markets in the hopes of generating more wealth. The real question is, however: How long will this bullish optimism Read More +

Phil Cannella Discusses Frailty of World Economy

Phil Cannella is renowned for his accurate predictions of world economic conditions and his savvy interpretations of geopolitical events.  He has also been prescient in how these world events impact the lives of Americans and more specifically the lives of people in retired years. By way of a history, Phil Cannella learned the rules of life in the school of hard knocks. It was by living life in the real world that he learned the laws of survival. It wasn’t by studying in an ivory Read More +

Phil Cannella is a Financial Guardian

Phil Cannella has been praised by most of the thousands of consumers who have had their retirements Crash-Proofed thanks to the exclusive Crash Proof Retirement System. It is not just that Phil has protected his client’s assets from market risk and volatility; it is that Phil has given his clients a retirement they can enjoy, a retirement they hoped for, a retirement they waited a lifetime for. In Phil’s words: “What is the point of working your life and amassing a bunch of money, and Read More +

Phil Cannella Slams Wall Street Greed

Unlike many financial advisers in the securities industry , Phil Cannella doesn’t charge his Crash Proof consumers for his services. Phil Cannella is not a licensed securities adviser nor does he ever recommend securities for his clients. Phil Cannella is a consumer advocate who has created the exclusive Crash Proof Retirement System for people in or near retirement who want to protect the principal they’ve earned yet allow for the possibility of gaining interest. Unlike Wall Street, there are no fees (hidden or otherwise) in Read More +

Phil Cannella and his Consumer Advocacy Program

Phil Cannella believes in a consumer advocacy principle. He does this in many ways but let’s first examine what it means to be an advocate especially when we speak in the context of a senior advocate as Phil Cannella is: “An advocate is a person who represents and works with a person or group of people who may need support and encouragement to exercise their rights, in order to ensure that their rights are upheld.” – Source In looking at this definition, let’s take a Read More +

Phil Cannella Discusses the World Economy

Today, as Phil Cannella often explains, the economies of the world are inextricably intertwined. No longer are our economies isolated one from another. Geo-political events on one side of the globe have a direct and immediate impact on all major economies. Phil Cannella points out that it makes an investor’s retirement outlook very hard to predict. One of the things we want most as we head into our Golden Years is some predictability, yet we find none when it comes to the world economy. While Read More +

Phil Cannella’s Long-Term Care Mission

Phil Cannella is a man who goes about life with a strong drive to change the world. Any look at history identifies those who sought to change the status quo, those who sought to make a difference, and those who sought to advance humanity. Phil Cannella’s lifelong mission of Senior Advocacy began when he was quite young, when he saw firsthand the ravages caused by an illness as an elder family member aged.  This is an issue many families face and it is a problem Read More +

Phil Cannella Secures a Widow’s Future

Far, far too many retirees in our society are being tricked into believing that they have a secure financial future by keeping their investments at risk on the stock market. It is at this fragile juncture in our lives – retirement – where we leave the accumulation phase of our lives and enter the retirement phase. Yet financial professionals everywhere who lack any sort of moral fiber are not offering safe alternatives to the risks that come with being invested in stocks, bonds and mutual Read More +

Phil Cannella’s Crash Proof Retirement System: Al Butikis

Phil Cannella Protects Another Consumer’s Future 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 Al Butikis of South Philadelphia. Al is a retired welder who spent years investing his retirement nest egg. Al had some more traditional investments as well, such as savings and checking accounts and CDs. But in all those cases, Al’s returns weren’t providing him with peace of mind about his future. Read More +

Phil Cannella Extols The Virtues Of The Brickhouse Industry

Phil Cannella And Crash Proof Retirement Offer Peace Of Mind Phil Cannella has spent his career teaching everyday Americans that in 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 Read More +

Phil Cannella Discusses Greece On The Crash Proof Retirement Show

Phil Cannella Reveals The Greece ‘Domino Effect’ 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 maintained that a Read More +

Phil Cannella Stands In Contrast To The Financial Industry

Phil Cannella’s long, storied career in protecting the futures of American retirees was built upon the strength of his character. Over 39 years, Phil Cannella has built his name and reputation on the concept of fiduciary responsibility. It troubles him when he sees others continue to disregard the well-being of clients. The financial crisis of 2008-2009 brought to light the rampant wrongdoing that permeates Wall Street. Industry professionals seek to take advantage of unwitting and gullible consumers. Insiders are working primarily for their own financial Read More +

Phil Cannella Prepares Investors: “Prepare For Lower Stock Returns!”

On The Crash Proof Retirement Show, Phil Cannella and Joann Small regularly discuss the money that upfront fees and ongoing expenses take out of your Wall Street investments. It’s a serious problem—Dalbar Corporation found the average investor in mutual funds has made only 3.7% annually over a 30-year period ending in 2013—but in that same 30-year period, the S&P 500 made over 11% annually! But soon, the idea of making 3.7% in a year through your mutual fund could be a dream come true. According Read More +

Phil Cannella Testimonial: Shirley White

Crash Proof Retirement Consumer 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 Read More +

Phil Cannella Protects Consumers From Crippling Losses

Phil Cannella educates investors around the tri-state area on how to avoid losses in or near retirement. At Crash Proof Retirement educational events, Phil Cannella addresses standing-room only crowds with this surprising question: “Who would have loved to earn 0% in 2008?” Sounds crazy, right? Why would anybody be happy with making 0%? But when the subprime mortgage industry started to struggle in 2007, the memory of the stock market crash earlier that decade was still fresh in Phil Cannella’s mind. It had led him Read More +

Phil Cannella’s Crash Proof Retirement System: Vince and Joyce Natale

Crash Proof Retirement Testimonial: Vince and Joyce Natale 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 Joyce and Vince Natale of Havertown, PA. The Natales’ story is a common one in this generation of retirees. Frightened by the crash of 2008, Joyce and Vince were faced with the prospect of preparing for retirement—but were unwilling to accept the inherent risks of investing on the stock Read More +

Phil Cannella Reports On Municipal Bond Crisis on Crash Proof Retirement Show

On last weekend’s Crash Proof Retirement Show, Phil Cannella and co-host Joann Small reported on the recent crisis in the Windy City of Chicago. 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 bonds between Baa and Ba, the exact fall-off that Chicago’s credit experienced. This Read More +

Phil Cannella Focuses On Women In Retirement

Phil Cannella and Joann Small commemorated Mother’s Day on last week’s Crash Proof Retirement Show by paying special tribute to the most important woman in all of our lives. “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 golden years to their fullest extent. Part of that is spending time with the grandchildren, but an Read More +

Phil Cannella’s Quest For Truth And Logic

Phil Cannella’s quest to bring Truth to the American Retiree reached a turning point back in 2011, when he secured an exclusive interview with then-Inspector general of the SEC, H. David Kotz. In the wake of the Great Recession of 2008, Phil Cannella founded The Crash Proof Retirement Show, heard on Talk Radio 1210 WPHT each weekend. The show started to further Phil’s mission of bringing Truth to the American Retiree. This was accomplished through news, research and honest analysis from Phil Cannella himself. But Read More +

Phil Cannella Continues The Fight For Accountability

Each day, Phil Cannella furthers the cause of mandating fiduciary responsibility across the financial industry. The financial crisis of 2008-2009 brought to light the rampant wrongdoing that permeates Wall Street. Industry professionals seek to take advantage of unwitting and gullible consumers. Insiders are working primarily for their own financial gain over those of the people they serve. This is unfortunately the state of affairs within the financial services sector, but it is one that Phil Cannella diametrically opposes and in contrast to this, holds himself Read More +

Phil Cannella Asks The Tough Questions

“My name is Phil Cannella, and I say the financial industry is stacked against you, the everyday American investor.” Chances are that if you’ve been to a Crash Proof Retirement Educational Event, you’ve heard those words. At or near the beginning of the session, Phil Cannella makes this strong, declarative statement to the hundreds of attendees. As Crash Proof Retirement Founder, Phil Cannella travels throughout the tri-state area to educate people in or near retirement on safe alternatives available outside of Wall Street. Each Crash Proof Retirement Read More +

Phil Cannella Conquers Injustice In Federal Court

Phil Cannella, as an insurance and financial professional for almost forty years, has helped tens of thousands of consumers protect themselves against the risks they face as they head into retirement. His Crash Proof Retirement System is a testament to this very mission in that he has devised a means to protect the nest egg of an individual or family from stock market volatility. Speaking to any of his thousands of clients, you will find a common thread among them all, not one single one Read More +

Phil Cannella Crusades Against Media Misinformation

Since founding Retirement Media Inc. in 2012, Phil Cannella has been on a mission to free the everyday American from the misinformation and biased commentary of the mainstream media. When it comes to retirement-specific advice, Phil Cannella has found the research and information put forth by such media outlets to be lacking, misleading and just plain wrong. Phil Cannella discussed the latest example of this glaring shortcoming on last weekend’s Crash Proof Retirement Show. “The mainstream media is confused,” Cannella told the listening audience as Read More +

Phil Cannella and Crash Proof Retirement Celebrate CHOP’s Child Life Month

Phil Cannella, Joann Small and Crash Proof Retirement are proud of their association with Children’s Hospital of Philadelphia. March is Child Life Month at The Children’s Hospital of Philadelphia (CHOP), and the Hospital is celebrating with this video from their Child Life, Education and Creative Arts Therapy department! Crash Proof Retirement stands alone as the largest single donor in the history of the WOGL Loves Our Kids Radiothon, dating back to 2010. This past December, Phil Cannella and Joann Small donated another $50,000 to CHOP, pushing Read More +

President Obama Validates Phil Cannella And Crash Proof Retirement

The President of the United States echoes Phil Cannella’s message on fiduciary duty. Every weekend, Phil Cannella and Joann Small host The Crash Proof Retirement Show on Philadelphia’s number-one talk radio station, Talk Radio 1210 WPHT. This 50,000-watt station has the capability to reach 38 states as well as Canada. Apparently, the signal’s been reaching Washington D.C. On February 23, 2015, President Barack Obama gave a speech at AARP headquarters in Washington, D.C. in which he bemoaned the lack of fiduciary duty and the rampant Read More +

Phil Cannella and Crash Proof Consumers Respond To NY Post Attack

This past week on The Crash Proof Retirement Show, we addressed an unfounded attack against First Senior Financial Group and The Crash Proof Retirement System. On February 15, New York Post columnist John Crudele attempted to assess the Crash Proof Retirement System through his “Dear John” column in the Sunday edition of the newspaper. He did this in response to a letter written by “M.B.” of Princeton, N.J., a regular listener to The Crash Proof Retirement Show. Unfortunately, Crudele and his source, Jeffrey Golden of Circle Advisers failed to do adequate research Read More +

Phil Cannella Challenges Wall Street

Phil Cannella has had to face some tough challenges in his effort to make changes to the financial services industry and bring about reforms on Wall Street. It is common knowledge that Wall Street is fraught with white collar crime. Industry professionals are often seeking to take advantage of unwitting and gullible consumers. Industry insiders are often working for their own financial gain over those of the people they serve. This is unfortunately the state of affairs within the financial services sector, but it is Read More +

Phil Cannella Exposes the Illusion of Wall Street

Phil Cannella is proud of the fact that each attendee at a Cash Proof Retirement educational event receives information that won’t be found anywhere else. The mainstream media won’t report on this information, the government’s laws and policies won’t cover it—and worst of all, your financial advisor won’t even tell you about it. That’s one reason why Phil Cannella, Creator of the Crash Proof Retirement System, calls his series on mutual funds ‘top-secret.’ He’s got nothing to hide, but it seems like everyone else does. Read More +

Phil Cannella Defends Retirees Against Wall Street

When Phil Cannella speaks to gatherings of hundreds of people around the Tri-State area, it’s important to him to understand the mindset of each attendee. That’s why at or near the start of each presentation, Phil Cannella asks the crowd two simple questions: “How many people think there’s going to be another financial crisis?” Inevitably, almost every hand in the room goes up—that is, until they hear the second part of the question. “How many people feel they’re prepared for the next financial crisis?” At Read More +

Phil Cannella Protects Consumers From Crippling Losses

Phil Cannella educates investors around the tri-state area on how to avoid losses in or near retirement. At Crash Proof Retirement educational events, Phil Cannella addresses standing-room only crowds with this surprising question: “Who would have loved to earn 0% in 2008?” Sounds crazy, right? Why would anybody be happy with making 0%? But when the subprime mortgage industry started to struggle in 2007, the memory of the stock market crash earlier that decade was still fresh in Phil Cannella’s mind. It had led him Read More +

Phil Cannella Conducts Crash-Proof Symphony Orchestra

What makes the Crash Proof Retirement System special? Founder 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 Exposes Fees in Variable Annuities

For almost 40 years, Phil Cannella has dedicated his professional life to his passion—advocating for people in or near retirement. Sometimes that means educating retirees on the financial climate, while helping them to select the investment vehicles that are most advantageous to maintaining and preserving their nest eggs. But for Phil Cannella, other times it means taking advocacy to the next level—demanding that financial advisors and other professionals work in the best interest of their clients. That’s exactly what Phil Cannella has offered to do Read More +

Phil Cannella Joins Forces with Dick Morris to Enhance Education of Retirees

Phil Cannella has spent his whole career educating retirees on the financial landscape of our country. He’s taught them about the inner workings of Wall Street, shielded them from corrupt or ill-advised investments, and protected their nest eggs through Crash Proof vehicles. But this past summer, Phil Cannella added another weapon to his arsenal in the form of internationally-renowned political insider Dick Morris. Morris’ expertise and experience on Capitol Hill brings an additional layer of expertise to Crash Proof Retirement educational events. Since July, Dick Read More +

Phil Cannella Crash Proof Retirement: Phil Cannella Explains Tax-Deferred vs. Tax-Free Retirement Accounts – Phil Cannella Crash Proof Retirement

Phil Cannella Crash Proof Retirement Phil Cannella Crash Proof Retirement – Phillip Cannella Crash Proof Retirement: Phil Cannella Crash Proof Retirement has based his career on helping retirees in America take advantage of various hidden laws that will secure their nest egg. One of those advantages is the tax-free retirement account. Phillip Cannella Crash Proof Retirement Phil Cannella coaches his clients to understand that there is a big difference between tax-deferred and tax-free, and it translates to thousands of dollars in your pocket over your retirement. What are tax-deferred Read More +

Phil Cannella Speaks Out about Securities Advisors – Phil Cannella Blog

Phil Cannella • Phillip Cannella Phil Cannella – Phillip Cannella Blog: An excerpt from Phil Cannella’s educational process; “There’s a lot of mischief and even more rule-bending in the securities industry. What can I say but the truth—it’s a very self-serving playing field and its star players operate off the motivation of keeping people in the market. Brokers or financial advisors who deal with stocks, bonds and mutual funds don’t make money unless they put your money at risk. So if your money is at risk, Read More +

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. Is this what is meant? The answer to this question comes from Phil Cannella himself. He says, “Wielding the Sword of Truth means I always deal from a position of Read More +

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 Cannella disagrees with the way financial services are offered to seniors for it preys on this ignorance to make a gain for oneself. Phil Cannella sees little benefit for the Read More +

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 Truth? “The Sword of Truth represents the philosophies by which I choose to live and is a simple yet powerful concept. It is a double-edged sword; one edge represents accurate Read More +

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 facts of the financial world and real solutions to the issues facing the American retiree. When someone lies, they are doing a disservice, not only to the person they are Read More +

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 Truth. The Sword of Truth represents the philosophies by which I choose to live and is a simple yet powerful concept. It is a double-edged sword; one edge represents accurate Read More +

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 about the stock market, which can wipe out your savings in one fell swoop. So which one is worse, the IRS or the stock market? Who knows. But Phil Cannella Read More +

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. This is what makes Phil Cannella such a popular public speaker. He has these golden nuggets of valuable information that he provides to his audience to help them with real Read More +

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 are primed for a correction, or even a crash. Phil Cannella has assumed the personal obligation to do everything in his power to spread his knowledge of these Crash Proof Read More +

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 consumer advocate, protecting seniors from the dangers of Wall Street. Instead, Phil Cannella has focused his services on safer financial sectors that can provide consumers with guarantees, not just empty Read More +

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 career but in his life. Examples of his inspiring nature can be found by talking to just about anyone who has spent more than 5 minutes with him. “Whether it Read More +

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 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 is said to clients; Phil Cannella holds them to this. The recorded lines are a more of a benefit for the client than for the firm.  Should a conflict of Read More +

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 chose the investment vehicles based on a client’s needs, including but not limited to asset level, income needs, and the desire intent of the funds. The Design Team is paid Read More +

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, however, only applies to Non-Qualified funds. The exclusion ratio utilizes your funds in a way in which the principal and interest earnings are paid out on a pro-rated basis.  Normal Read More +

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 is today. Q: Tell us about some of your formative influences. Phil Cannella: In the early 1960s, I was 7 years old and living in a row house outside Philadelphia Read More +

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 brought about the Great Depression. In fact, when you attend one of these events, you will more than likely see an exclusive interview that Phil Cannella conducted with the former Read More +

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 work around it.” Phil Cannella agrees with this. You won’t achieve your goals in life unless you can get past that barrier, that wall thrown in your path. Phil Cannella Read More +

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 asked why he does what he does. In Phil Cannella’s mind it is more important to educate our citizens so that they can make informed decisions for themselves than it Read More +

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. Many such people truly were freedom fighters. Phil Cannella is such a modern day freedom fighter. He doesn’t use arms or force to wield power. Phil Cannella’s weapon, perhaps the Read More +

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 left to life? Moreover, by educating an individual you are giving him the power to make his own decisions. This is one of the central themes of Phil Cannella’s Crash Read More +

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. Standing by the sidelines while someone gets hurt goes against his grain. You won’t see that happening with Phil Cannella around. And so it is as well with people’s finances. Read More +

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 U.S. history and the most recent 2008 credit crisis. Phil Cannella, in his drive to educate retirees everywhere, conducted an interview with Mr. Dent on the current state of the Read More +

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 is not always easy to tell the difference as both can sound most sincere. Phil Cannella has spent his last 40 years working with senior citizens from all walks of Read More +

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 people registered to attend one of these events in 2013 alone. Once an interested consumer has come to one of Phil Cannella’s events, if he or she expresses further interest Read More +

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 heard so often from First Senior Financial Group clients, the risks and perils of Wall Street makes it the wrong place to keep your hard earned dollars if you want Read More +

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 Employment Act of 1967 (ADEA) protects both employees and job applicants age 40 and over from discrimination based on age. Employers with 20 or more employees, including state and local Read More +

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? Will you keep your current lifestyle in later years of retirement? Your working years are also known as the accumulation years, in which you need to grow a nest egg Read More +

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, rearranges debts by postponing the paying of its bills or by reducing obligations, assets are sold, and proceeds go to creditors. Notice that the process does not necessarily include the Read More +

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 out of an account. “If you place a municipal bond in an IRA, you’ll pay taxes when you cash out of your IRA,” says Phil Cannella. “Municipal bonds work best Read More +

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 flowing into our bank accounts without having to work for it? Absolutely. This is the mantra of every scammer who ever lifted a phone, emailed a phony plea, or offered Read More +

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. According to the San Francisco Federal Reserve Bank, an already lethargic economy may be further slowed as the market becomes glutted with stocks that Boomers are dumping in order to Read More +

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 that are sure to follow. Q: Why do you say that the government eventually is going to “come after” retirement accounts? Phil Cannella: Simple—look at the situation. For all intents Read More +

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 simple, and it’s true: The decades you have worked are moments of your time that you have sacrificed for your retirement accounts. They should be deeply personal to you and Read More +

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 a cycle. There’s the endless flow of the four seasons. Life newly emerges at springtime, representing a new beginning, like the birth of a child. In the spring of your Read More +

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 me a succinct definition of probate? Phil Cannella: Probate is the legal process of assessing the assets one has accrued during their lifetime and distributing them amongst their charities, heirs Read More +

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 This isn’t just a retirement problem, but one that follows people their entire lives. When we don’t feel financially secure, it makes it more difficult to put away money for Read More +

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 CBS Philly has given us our own personality page, so we hope you’ll take time out of your schedule to take a look and find out more about The Crash Read More +

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 interested in reading the full survey, you can find it by clicking here.  I’m sure no matter who you are and what your retirement savings situation, you will find something Read More +

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.  It seems fine until you realize that the SEC is supposed to be regulating that very industry, and yet its employees routinely drop out and take up (usually higher-paying) jobs Read More +

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 ridiculously large pay packages at several companies that got bailouts.  These companies included AIG, Ally Financial (previously known as GMAC), and our old pal General Motors. How could anyone justify Read More +

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 to regulate effectively. Of course, when he made that statement, he was referring to then SEC Chairman Mary Schapiro, who stepped down as of December 14th, 2012.  Since then, the Read More +