44: Building the Crash Proof Retirement System with Phil Cannella
By Sam Marks / Johnny FD
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: Website Facebook @PhillipCannella Phil's bio video Educational Event Teaser WPHT Philadelphia WFTL 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 crisis 22:10 - $2.8 billion debt crash 30:10 - Insurance industry 33:40 - Fixed annuities 36:20 - ADHD & dyslexia 41:01 - Publically humiliated 45:04 - Pharmaceutical drugs 48:55 - Recession proof investment 54:10 - Annuity growth 1:00:38 - Insurance companies vs. banks 1:15:20 - Life insurance firewalls 1:18:20 - B++ bonds 1:22:10 - Safety nets 1:25:10 - Guaranteed renewable contract 1:37:10 - How to find success 1:40:30 - Crashproof educational process 1:48:48 - Tax-free legacy 1:54:53 - Demographics for fixed index annuities 2:05:30 - Investing in life insurance 2:10:17 - Are fixed rate annuities right for you? 2:12:00 - Greece’s debt 2:12:50 - Education, research, and network 2:14:00 - 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.