This website is strictly for educational purposes and is not intended to provide specific legal, financial, or tax advice. Phil Cannella and Joann Small are licensed professionals in the insurance industry. Crash Proof Retirement, LLC. does not recommend or sell securities to anyone at any time. Any interviews conducted by Retirement Media, Inc ®. published on this website are not to be considered endorsements. Crash Proof Retirement, Crash Proof Retirement Show, and Retirement Media, Inc. ®, and all related uses, are federally trademarked with the United States Patent and Trademark Office. Any company or individual found violating these federal trademarks will be vigorously pursued through all available legal avenues and penalized to the fullest extent of the law. © 2024 Crash Proof Retirement, All Rights Reserved.
Will the Dow Jones Ever Hit 30,000?
In the last week of February 2020, things were looking good for the Dow Jones Industrial Average. With the stock market on its longest bull run in history, this long-respected index looked like it was well on its way to a new record — 30,000 points — and perhaps beyond. Then, on March 11th, 2020 t...
Read More
3 Things Your Advisor Won’t Tell You about Retirement Planning
Whether you’re in your twenties or getting close to retirement age, it never hurts to start planning for the future. Ask yourself, what expenses will you have? How much money will you need to be financially independent in retirement? What’s the best way to save that money? While some experts say...
Read More
The Impact of a Second Stimulus Package
In the early days of the COVID-19 pandemic, businesses all over the country were forced to close, leaving millions out of work indefinitely. As Americans struggled, Congress passed the CARES Act, an economic relief and stimulus bill aimed at boosting the economy and keeping small businesses running...
Read More
Biggest Retirement Planning Mistakes When You’re in or Near Retirement
Wouldn’t it be great if retirement planning was simple? That way, everyone would have all the money they needed to live the retirement of their dreams. Unfortunately, retirement planning in the real world is anything but simple. There are countless investments to choose from, plus considerations ...
Read More
The Benefits of Investing in Long-Term Care Insurance
With an estimated 10,000 baby boomers retiring every day in the U.S., individuals and families are forced to grapple with the realization that retiring, especially for those in need of long-term care, is expensive. According to data compiled by the U.S. Department of Health and Human Services, the ...
Read More
Will the Stock Market Have a V-Shaped Recovery?
After the longest bull market run in history, stocks came crashing back down to Earth in March when news of the COVID-19 pandemic shook investor confidence. Major stock indices went tumbling as businesses closed across the country and millions of workers became unemployed over a span of weeks. Whi...
Read More
Don’t Wait to Collect Your Social Security Spousal Benefits
Generally speaking, the longer you wait after reaching your full retirement age to collect Social Security benefits, the larger your monthly payments will be. For most people, that means waiting until age 70 to start collecting. If you can afford to wait, it makes a...
Read More
The Financial Fallout of the COVID-19 Pandemic
As COVID-19 spread around the globe, the consequences have been far-reaching. The true costs of this pandemic have been measured not just in human lives, but in financial devastation as well. With businesses shut down and quarantine keeping shoppers at home, many fa...
Read More
The COVID Crash Continues Despite the Fed’s Best Efforts
Since the beginning of the COVID-19 pandemic, businesses have been forced to shut their doors, lay off employees, and learn to cope with a lack of revenue. As individual states have expanded and extended stay-at-home orders, the stock market has responded with signif...
Read More
How to Check the Status of Your Stimulus Payment
With millions of businesses forced to close all across the country, America’s workers and retirees are depending on a little help to pay their bills. In a bipartisan effort, Congress approved the CARES Act, a $2 trillion economic stimulus package that would authorize...
Read More