44: Building the Crash Proof Retirement System with Phil Cannella
Phil Cannella is the founder and creator of The Crash Proof Retirement System. The Crash Proof System was born in the ashes of the financial collapse of 2000 and developed to bring consumers a strategy that guarantees preservation of principle while still achieving adequate growth. Phil has been in the insurance industry for a whopping 41 years and got his start and success through endless hard work and hustle, which included nearly a decade of door-to-door sales. Over the course of his career, he has interviewed some of the top financial and political insiders in the world and seen just about everything on Wall Street. We sit down for a rare and extended interview with Phil to get his take on the world markets, investing, work ethic, and of course retirement planning. Links: WebsiteFacebook@PhillipCannella Phil's bio video Educational Event TeaserWPHT PhiladelphiaWFTL South Florida -Crash proof retire events Discussed: Video Testimonials Video of SEC Interview - Playlist Audio file of Jim Cramer Stan’s Brutally Honest Factual Expertise About Annuities - ILAB 4 Time Stamps: 06:23 - World financial crisis22:10 - $2.8 billion debt crash30:10 - Insurance industry33:40 - Fixed annuities36:20 - ADHD a dyslexia41:01 - Publically humiliated45:04 - Pharmaceutical drugs48:55 - Recession proof investment54:10 - Annuity growth1:00:38 - Insurance companies vs. banks1:15:20 - Life insurance firewalls1:18:20 - B++ bonds1:22:10 - Safety nets1:25:10 - Guaranteed renewable contract1:37:10 - How to find success1:40:30 - Crashproof educational process1:48:48 - Tax-free legacy1:54:53 - Demographics for fixed index annuities2:05:30 - Investing in life insurance2:10:17 - Are fixed rate annuities right for you?2:12:00 - Greece’s debt2:12:50 - Education, research, and network2:14:00 - Interest rates and fees If you enjoyed this episode, do us a favor and share it! Also if you haven’t’ already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here! Copyright 2017. All rights reserved. Read our disclaimer here.
