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.
3 Reasons Why You Need to Plan for Long-Term Care Expenses
As difficult as it may be to accept, we are all likely to suffer from health issues during our retirement, and those issues could require skilled care at home or in a nursing facility. Do you know how you will cover the costs associated with receiving skilled care? Do...
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Will the 2024 Social Security COLA Be Enough?
With rampant inflation continuing to affect nearly every sector of the economy, those in and near retirement are concerned about whether their income will be enough to meet their expenses. Those who receive the majority of their income from Social Security are at the ...
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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?”
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 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 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?
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?
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!
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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