2023 - Crash Proof Retirement
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Archive for December 27, 2023

Inflation Americans Need an Extra $11,434 Annually to Maintain Their Standard of Living

Inflation: Americans Need an Extra $11,434 Annually to Maintain Their Standard of Living

A recent analysis by the Senate Joint Economic Committee (JEC) has revealed that Americans need an extra $11,434 in annual income on average to maintain the same standard of living they enjoyed in January 2021. This figure was determined based on data from the Consume...

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Are We Experiencing a “Silent Recession”

Are We Experiencing a “Silent Recession?”

Ever since the COVID-19 pandemic caused stocks to slump, economists around the world have been predicting a recession in the United States that could spread to affect the entire world. While the U.S. did technically meet the criteria for a recession in June 2022 after...

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Retirement Plan B: What to Do If You Get Forced into Early Retirement

According to the Employee Benefits Research Institute’s (EBRI) 2023 Retirement Confidence Survey, 46% of Americans were forced to retire earlier than they expected. The EBRI reports that this figure has been relatively consistent throughout the 33-year history of its Retirement Confidence Survey, an...

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Crash Proof Retirement’s Improved Consumer Protection Policies

Crash Proof Retirement’s Improved Consumer Protection Policies

Crash Proof Retirement has always been focused on protecting consumers since our inception. Back then, we accomplished that mission by warning consumers about the risks, fees, and unethical practices of the Wall Street securities industry and by educating them about s...

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fitch ratings downgrade

Fitch Downgrades U.S. Credit Rating: How Could it Affect Your Retirement Plans?

On August 2nd, 2023, credit ratings agency Fitch downgraded the United States from a AAA – their highest rating – to AA+. This move comes after months of talk that began back in January of t...

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Guaranteed Income vs. Stock Market Gains: Which is Better for Your Retirement?

Guaranteed Income vs. Stock Market Gains: Which is Better for Your Retirement?

You have probably heard the old adage, “A bird in hand is worth two in the bush.” This bit of folksy wisdom applies to a range of situations, including retirement planning. It means that, if you already have something in your possession, it’s better to hang on to it t...

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The Yield Curve's Alarming Twist - Is a Recession Looming?

The Yield Curve’s Alarming Twist – Is a Recession Looming?

Economists use a range of metrics and data to determine the overall health of the economy. Some data sets, like Treasury bond yields, even have an uncanny ability to predict a recession. While stock market performance, inflation data, and interest rates can all be use...

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Top Secret Series: Before You Start Collecting Social Security, Watch This!

Top Secret Series: Before You Start Collecting Social Security, Watch This!

Whether you're close to retirement or just starting your career, understanding the nuances of Social Security can make a big difference in your financial future. In this Top Secret Series, Phil Cannella explains how you can optimize your Social Security in order to ge...

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Federal Reserve Pauses Interest Rate Hikes – For Now

Federal Reserve Pauses Interest Rate Hikes – For Now

When the Federal Reserve’s Federal Open Market Committee (FOMC) met on June 14th, 2023, they made a move that has proven to be somewhat unusual in the post-COVID-19 era – they decided not to...

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Dispelling The Myths About Annuities and The Crash Proof Retirement® System

Dispelling The Myths About Annuities and The Crash Proof Retirement System

The National Association for Fixed Annuities designated June as National Annuity Awareness Month in 2010 as part of their goal to educate consumers about the value of annuities as a retirement planning vehicle. We have been utilizing annuities that we call Crash Proof® investment accounts to make up...

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