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 Retirement System, Phil Cannella helps all retirees and those approaching retirement, plan for their golden years by coordinating all of their assets into a complete plan to ensure that they can live out their retirement as they had hope. Social Security is no small part of that plan for it is something every American has contributed to all their lives and is something that we expect to be able to lean on as we head into retirement.

The new legislation puts an end to certain strategies that enabled many retirees to maximize their retirement benefits. For example, anyone who does not reach the age of 62 by December 3, 2015, will not be able to file a restricted application for a spousal benefit while at the same time letting their own benefit grow. Many retirees took advantage of this strategy to maximize benefits. By doing away with this filing method, a perceived “loophole” has been closed.

Phil Cannella makes it clear that no matter what the government does to hamper your retirement plans, his doors at First Senior Financial Group (home of the exclusive Crash Proof Retirement System,) are always open to anyone who wants help in planning their retirement future. He offers anyone who wishes to learn about his trademarked system to attend one of his Crash Proof educational events and then come in and begin the consumer driven process. It’s all about safeguarding what you worked a lifetime to accrue.