Category Archives: Phil Cannella News
What is Retirement Really Like?
When people typically picture retirement we think of lots and lots of free time and being able to do exactly what you want, when you want and that includes traveling. However, when talking to retirees there are some things that occur that affect retirement. Here are some things to give you more of a realistic idea of what retirement is like. You won’t get as bored as you think. Some people think that you won’t be able to find enough stuff to fill your days, Read More +
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 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 Explains Long-Term Care Insurance
Phil Cannella has a great deal of experience when it comes to long-term care insurance. He has been in the industry for almost 40 years now, offering this form of insurance, and he understands it better than most insurance professionals in the industry. Phil Cannella says that over the last 40 years, long-term care insurance has evolved and changed, and that today’s consumers need to understand what it is. Phil Cannella says that unlike traditional health insurance, long-term care insurance is designed to cover long-term 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 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 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 Interviews Leading Advocate
The Crash Proof Retirement Show This past week on The Crash Proof Retirement Show, Phil Cannella had the opportunity to interview Barbara Roper, the Director of Investor Protection for the Consumer Federation of America. Ms. Roper’s appearance on The Crash Proof Retirement Show was a natural fit, as she has spent her career thoroughly dedicated to consumer advocacy causes, including those that benefit older Americans and specifically, people in or near retirement as a member of AARP’s “Money-After-50” program. As the nation’s leading consumer spokesperson 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: The Epitome of Consumer Advocacy in the Financial Industry
Phil Cannella welcomes each and every challenge he faces throughout his efforts to make sweeping reforms in the financial services industry. The battle over fiduciary duty, and Phil’s commitment to upholding the highest standard of consumer advocacy, may be his greatest victory to date. The Wall Street environment is a perfect example of the ‘every man for himself’ approach. Financial professionals are all too willing to take advantage of oblivious consumers, while industry insiders are work solely for their own personal financial gain, with little regard for 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 Educates Retirees On Safe Alternatives
Phil Cannella explained the wonders that the Crash Proof Retirement System can perform for people in or near retired years on Saturday’s Crash Proof Retirement Show —then welcomed some Crash Proof clients to prove it! “As consumer advocates, Joann Small and I are determined to educate people in or near retired years,” Phil Cannella told the listening audience. “The Crash Proof Retirement System is guaranteed to protect your retirement nest egg against a market crash or downturn—yet it still allows for the potential of double-digit 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 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 Leads the Charge Against Corruption
Phil Cannella doesn’t stand silent when it comes to the illegal and unethical practices of those financial advisors and insurance professionals who give the industry a bad name by cheating their clients. Too many financial professionals will stand up in front of the consumer and tell them how pristine they are, while casting a dark net around their competitors. Meanwhile, these same advisors cheat their clients by looking out for their own commissions rather than the client’s best interests. This is one of the reasons 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 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 provides retirees with a steady source of income in their golden years regardless of the health of the economy. Phil Cannella helps millions of retired people Phil Cannella has worked 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 +
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 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 licenses and keep up with new the rules and regulations of the IRS. Phil Cannella goes one step further by requiring each licensed employee complete additional IRS training every year Read More +
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 year. Other services include help with implementing income needs or protecting additional funds from market risk. The review team works day in and day out with the contractual agreements that Read More +
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 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. The IRS has something called a Roth IRA which is essentially an after-tax IRA. A Traditional IRA is all pre-tax dollar contributions that at some point must be taxed in Read More +
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 economic officials which have never been seen before. These interviews voiced the concerns of the current weak economy and the corruptions of Wall Street. Phil Cannella thoroughly educated the attendees Read More +
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. The Life Insurance Industry allows an investor to track the gains in the market with not actually being invested in the market through contractual agreements. These contracts allow the investor Read More +
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 a lot about the difference between a regular IRA and a Roth in terms of wealth preservation. Could you clarify? Phil Cannella: It’s simple. If you want to preserve as Read More +
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 so that they can make informed and wise decisions about their finances. Phil Cannella, in his drive to educate, utilizes his weekly Crash Proof Retirement Show® as well as his Read More +
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 how they lost their hard earned dollars on the stock market. It is a sad commentary of the greed that has beset Wall Street. Members of the audience were surrounding Read More +
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 a fraudulent tax return using your information, and then collects the resulting refund. The problem with this scam, and the reason it’s so hard to detect, is because the person Read More +
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 for CHOP every year, helping the kids there get the care they so desperately need. The 2012 Radiothon brought in a total of $658,272 for a worthy cause, and the Read More +
Phil Cannela says Watch out for Fake Charities
To Phil Cannella, scams that rip you off in the name of charity are a special class of atrocity. According to the National Center for Charitable Statistics, over 1.5 million non-profit organizations exist in the United States and individual donors gave $211.77 billion in 2010. Charitable donations are a great way to give to those in need, but Phil Cannella warns that not all charitable organizations are legitimate. The Federal Trade Commission (FTC) advises donors not to donate to an inefficient organization, or even worse, Read More +
Phil Cannella Debt Reduction Scams
Phil Cannella senior advocate daily occurrence Complaints from consumers about debt-reduction services are a near-daily occurrence for senior advocate Phil Cannella, and it’s not hard to see why. After all, the ads are everywhere: “Be debt free in two years!” “Cut your debt by half!” Even “Get your debt down to zero!”It all sounds so easy, but Phil Cannella, originator of Crash Proof Retirement and the Philadelphia area’s leading retiree advocate, says debt-reduction companies seldom deliver on those lofty promises.”This is an industry where deception and abuse Read More +
Phil Cannella Reveals The Truth About the SEC
Phil Cannella made a huge splash in Washington after interviewing the Inspector General of the SEC. Former SEC Inspector General H. David Kotz had a reputation for demanding aggressive action from the SEC’s enforcement division against financial firms who engage in unethical or illegal activities. Kotz’s tenure at the Office of Inspector General has been marked by tough investigations into the SEC’s enforcement against unethical trading practices. One such investigation occurred when a probe into the activities of the now defunct financial giant Bear Stearns Read More +
Phil Cannella Financial – Too Much Safety
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 numerous topics that are of vital interest to retirees. In this series we’ll be presenting excerpts from those talks. The current passage is on “too much safety.” Q: You say there’s such a thing as “too much safety.” I think you’re being facetious, but what do you mean by that? Phil Cannella: You’re right, I’m being partly facetious, because Read More +
