2022 - Crash Proof Retirement
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Archive for December 22, 2022

happy physiotherapist assisting senior man in lifting dumbbells

Asset Based Long-Term Care

Americans over the age of 65 are disproportionately covered against the rising cost of long-term care expenses despite having access to certain resources that could mitigate these expenses. In fact, the cost of needing long-term care represents one of the largest fina...

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Avoiding Probate

A complex part of retirement preparation is transferring your assets to your heirs. If done incorrectly, that transfer could cause undue taxes and fees that will diminish the legacy that your loved ones get to enjoy. Common ways to dictate the passing down of assets t...

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This Week’s Radio Show: Inflation Fighters

When the COVID pandemic began and the federal government introduced stimulus efforts to prevent a total economic collapse, Retirement Phase Experts Phil Cannella and Joann Small knew that the government’s actions would eventually lead to issues with debt and inflation...

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stock market crash

Crash Proof Principles: Risk Tolerance

The stock market’s annual September slump is a good reflection point for investors to account for the amount of risk that’s within their portfolios, and to prepare an investment strategy to regain their losses during the final quarter of the year. To identify areas of...

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Inflation Eased in October; Why Are Consumers Still Feeling the Pinch?

Inflation Eased in October; Why Are Consumers Still Feeling the Pinch?

A recent report from the Bureau of Labor Statistics contained some positive news for consumers in the...

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Retirement Plan Contribution Limits Are Going Up in 2023

Although 2022 has been a tough year for retirement savers, the IRS has good news for those who are trying to build a nest egg. On October 21st, 2022, the IRS announced that retirement plan c...

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This Week’s Radio Show: Newton’s Law

In January 2022, Phil Cannella and Joann Small predicted that the stock market was going to crash and urged risk investors to protect their hard-earned retirement funds. In the months that followed, investors witnessed multiple bear markets throughout 2022 and heading...

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Social Security’s Largest Cost-of-Living Increase in 40 Years: Will it be Enough?

Social Security’s Largest Cost-of-Living Increase in 40 Years: Will it be Enough?

As inflation stayed consistently high throughout much of 2022, the Social Security Administration (SSA) announced an 8.7% cost-of-living adjustment (COLA) for Social Security beneficiaries starting in 2023. This is the largest COLA since they increased benefits by 14....

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Are You Missing Out on Government Benefits in Retirement?

Are You Missing Out on Government Benefits in Retirement?

American seniors today face more financial challenges than any other group of retirees in history. A declining economy, combined with record-high inflation, has depleted retirement accounts, and raised the prices of goods and services across the board. Even two consec...

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Adjusting Your Investment Strategy as You Age

Adjusting Your Investment Strategy as You Age

There are three phases that every investor goes through as they make investment decisions during their life. While it would seem logical for investors to naturally progress through these phases, the truth is that many investors fail to adjust their investment strategy...

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