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.
The Benefits of Investing in Long-Term Care Insurance
- June 30, 2020
- By: Phil Cannella
- Blog
- 0 Comment
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 MoreWill the Stock Market Have a V-Shaped Recovery?
- June 30, 2020
- By: Phil Cannella
- Blog
- 0 Comment
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 MoreDon’t Wait to Collect Your Social Security Spousal Benefits
- June 2, 2020
- By: Phil Cannella
- Blog
- 0 Comment
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 MoreThe Financial Fallout of the COVID-19 Pandemic
- June 2, 2020
- By: Phil Cannella
- Blog
- 0 Comment
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 MoreThe COVID Crash Continues Despite the Fed’s Best Efforts
- April 24, 2020
- By: Phil Cannella
- Blog
- 0 Comment
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 MoreHow to Check the Status of Your Stimulus Payment
- April 24, 2020
- By: Phil Cannella
- Blog
- 0 Comment
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 MoreFed Cuts Rates by 50 Points to Address Coronavirus
- March 4, 2020
- By: Phil Cannella
- Blog
- 0 Comment
As reports swirled of an exponential increase of coronavirus cases in the United States Tuesday morning, the Federal Reserve made a surprising announcement that they were cutting interest rates by 50 basis points. With the new cuts, the target rate now sits between 1%...
Read MoreCoronavirus Surpasses 82,000 Cases Worldwide
- February 28, 2020
- By: Phil Cannella
- Blog
- 0 Comment
As the second month of the COVID-19 Coronavirus comes to an end, the global markets are feeling the effects. The Dow Jones Industrial Average has lost more than 2,000 points in value and is on the verge of entering correction territory. Cases of the Coronavirus have r...
Read MoreHow Social Security Benefits are Changing in 2020
- February 12, 2020
- By: Phil Cannella
- Blog
- 0 Comment
If you are currently collecting Social Security benefits, or you plan to start collecting in the near future, you should know that benefits and requirements usually change every year. In 2020, the Social Security Administration has made a few adjustments to the progr...
Read MoreWhy Everyone Should be Planning for an Early Retirement
- February 12, 2020
- By: Phil Cannella
- Blog
- 0 Comment
When you think about retirement, do you have a specific age in mind? While some of us would like to retire early, most of us are probably going to try to put it off as long as possible. Waiting as long as you can to retire is often a smart move, as it allows you to ...
Read More