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.
President Biden’s Executive Order on Cryptocurrency
- May 2, 2022
- By: Phil Cannella
- Blog
- 0 Comment
On March 9th, 2022, President Biden issued the “Executive Order on Ensuring Responsible Development of Digital Assets.” This order outlined multiple objectives related to cryptocurrencies an...
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How to Invest for Retirement When You Have Reached Your IRA Contribution Limits
- April 8, 2022
- By: Phil Cannella
- Blog
- 0 Comment
If you are saving for retirement, there are several tax-advantaged investment vehicles you can use to build a healthy nest egg. These include IRAs, 401k plans, 403b plans, and more. A Roth IRA is another type of retirement account that allows you to pay taxes upfront ...
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5 Financial Planning Mistakes That Will Cost You Big Time
- February 28, 2022
- By: Phil Cannella
- Blog
- 0 Comment
No matter how old you are, your retirement planning strategy will determine your standard of living in the future. Ask yourself, are you prioritizing the right kind of investments? Are you getting advice from the right people? Will you be prepared for any unexpected e...
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New IRS Life Expectancy Tables for 2022: How Will They Affect Your Required Minimum Distribution?
- February 3, 2022
- By: Phil Cannella
- Blog
- 0 Comment
Individual Retirement Arrangements (IRAs) and other types of tax-deferred retirement accounts provide a great way for investors to save money for retirement. If you invest in any IRA-based account or a 401(k), 403(b), or 457(b) plan, it is important to remember that y...
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Prescription Drug Prices Continue to Rise: What Happens When You’re in the Medicare “Donut Hole”
- December 22, 2021
- By: Phil Cannella
- Blog
- 0 Comment
If you take prescription drugs and you have noticed higher prices at the checkout counter, it’s not your imagination. An American Association of Retired Persons (AARP) study on retail prices for 260 commonly used medications found that prescription drug costs rose at ...
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China’s Evergrande Group Misses Debt Payment: What This Could Mean for Your Retirement
- December 22, 2021
- By: Phil Cannella
- Blog
- 0 Comment
You probably remember the name Evergrande from late September 2021, when the Chinese real estate giant nearly missed an $83 billion bond interest payment on more than $300 billion in debt. The announcement that Evergrande risked missing this payment sparked a selloff ...
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“Big Short” Investor Michael Burry Predicts Trouble Ahead for the Stock Market
- November 26, 2021
- By: Phil Cannella
- Blog
- 0 Comment
Hedge fund manager Michael Burry became a household name when he was portrayed by Christian Bale in the 2015 film The Big Short. That film, and the book from which it was adapted, tells the story of how Burry and a group of other investors predicted the collapse of the subprime mortgage market in 20...
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Reducing Your Debt before Retirement: A Balancing Act
- November 26, 2021
- By: Phil Cannella
- Blog
- 0 Comment
As you approach retirement age, your mind is probably on your investments—as it should be—but have you considered your debt situation? If you retire with too much debt, no amount of retirement income will cover all your expenses. Reducing your debt before you enter your golden years is an essential ...
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Older Workers Are Struggling to Stay in the Workforce: Will You Need to Retire Early?
- October 29, 2021
- By: Phil Cannella
- Blog
- 0 Comment
The COVID-19 pandemic proved to be devastating to the employment prospects of Americans over 50 years of age. These workers were the most vulnerable to the coronavirus and many were laid off or took a hiatus until the pandemic was under control. Now, nearly two years ...
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Social Security Gets a Cost-of-Living Adjustment: Will It Be Enough to Cover Your Retirement Expenses?
- October 29, 2021
- By: Phil Cannella
- Blog
- 0 Comment
In this period of high inflation, Social Security recipients received welcome relief in the form of a cost-of-living adjustment, or COLA. Since 1975, the United States Social Security Administration (SSA) has periodically increased monthly benefit amounts to correspon...
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