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.
How Bernie Madoff Defrauded Investors and Outsmarted the SEC
- January 26, 2023
- By: Crash Proof Retirement
- Blog
- 0 Comment
The recent Netflix documentary series “Madoff: The Monster of Wall Street” outlines the life and various crimes of notorious Ponzi schemer Bernie Madoff. Throughout the series, a number of e...
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Retirement Roundup 2022
- January 3, 2023
- By: Phil Cannella
- Blog
- 0 Comment
2022 was a difficult year for American retirees and those who are saving for the future. Various factors combined to reduce the amount of disposable income that Americans have to put into their retirement accounts, and a sluggish economy caused the stock market to plu...
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401k Hardship Withdrawals Hit Record High in 2022
- January 3, 2023
- By: Phil Cannella
- Blog
- 0 Comment
New data from the investment firm Vanguard shows that more Americans than ever before are taking hardship withdrawals from their 401k plans. In October 2022, the percentage of 401k plan participants who withdrew money from their accounts due to immediate financial nee...
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Asset Based Long-Term Care
- December 22, 2022
- By: Phil Cannella
- Blog
- 0 Comment
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
- December 21, 2022
- By: Phil Cannella
- Blog
- 0 Comment
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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Crash Proof Principles: Risk Tolerance
- December 7, 2022
- By: Phil Cannella
- Blog
- 0 Comment
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?
- December 2, 2022
- By: Phil Cannella
- Blog
- 0 Comment
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
- December 2, 2022
- By: Phil Cannella
- Blog
- 0 Comment
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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Social Security’s Largest Cost-of-Living Increase in 40 Years: Will it be Enough?
- October 31, 2022
- By: Phil Cannella
- Blog
- 0 Comment
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?
- October 31, 2022
- By: Phil Cannella
- Blog
- 0 Comment
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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