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What is Crash Proof Retirement®? What’s the Cost of Crash Proof Retirement®? Get Your Questions Answered!
Crash Proof Retirement® operates on a platform of truth and transparency. Below you will find answers to some of our most frequently asked questions about us, our services, and more!
Crash Proof Retirement® is a full-fledged Consumer Advocacy Firm that utilizes a proprietary system made up of safe financial vehicles, outside of Wall Street, to help consumers reach their retirement goals. Unlike traditional approaches, Crash Proof Retirement® prioritizes transparency and education, empowering consumers with clear, easy-to-understand information and solutions to apply to their retirement concerns, providing true retirement peace of mind.
Crash Proof Retirement® was founded in 2008, after Phillip Cannella founded the Crash Proof Retirement® System and witnessed how it protected his clients from loss and even credited interest while the stock market erased trillions of dollars in assets.
Our main focus is to help consumers achieve a secure and stable retirement using the proprietary Crash Proof Retirement® System. We do this by placing a strong emphasis on consumer education as it relates to protecting principal, avoiding market risk, and understanding safer, no-fee alternatives to traditional Wall Street-based approaches.
The Crash Proof Retirement® System is a proprietary method of orchestrating financial life insurance industry contracts to reach our consumers’ unique retirement goals without market risk or fees, while providing principal protection, market-like returns credited as interest, and income when you need it.
We receive a one-time payment from the insurance companies that offer these Crash Proof® vehicles. This payment does not come from your nest egg; it comes directly from the insurance company. 100% of your money works 100% of the time for you.
No. At Crash Proof Retirement®, all financial vehicles, meetings, and consultations are completely free of charge.
The average return of the Crash Proof Retirement® System is 4-6% interest credited annually, but consumers may earn upwards of double-digit returns.
A Fiduciary Responsibility simply means that the advisor or company that you are working with has an ethical and legal obligation to put your needs as the consumer above their own self-serving interests. At Crash Proof Retirement® we hold ourselves to the highest form of a fiduciary responsibility.
An introductory form to be completed before your first appointment, giving our retirement phase educators a snapshot of your retirement concerns, goals, and personal finances.
Crash Proof Retirement® has no minimum contribution. However, there are suitability requirements as determined by the financial life insurance institutions that provide the Crash Proof® Vehicles.
No, you cannot lose money with Crash Proof Retirement®. Crash Proof Retirement® financial vehicles protect your principal, and any interest credited, without charging fees of any kind – the money you start with will never be lost.
Nothing. At Crash Proof Retirement®, all vehicles, meetings, and consultations are completely free of charge. There are never any commissions or fees, recurring, upfront or otherwise.
Crash Proof® financial vehicles are not annuities, but do come with an annuity component, which you can choose to activate for a guaranteed stream of income.
We encourage all Crash Proof® consumers to schedule their Annual Review, at no cost, in order to maintain the optimal performance of their customized Crash Proof Retirement® System. However, our doors are always open for our consumers to sit with our retirement phase educators whenever they feel a visit is necessary.
Our team of expert analysts conduct a 51-point analysis of your financial portfolio. The results uncover hidden fees, unnecessary taxation, and risk exposures, as well as testing the performance of your financial portfolio against past market conditions. The Financial MRI presents solutions for the financial symptoms that arise during your analysis.
Yes, your customized Crash Proof Retirement® System allows you access to your money as defined by your retirement goals, as well as for any unforeseen events that may arise, subject to contract terms.
Crash Proof Retirement® does not recommend or sell securities to anyone at any time. We specifically choose NOT to be licensed in the securities industry because of how harmful their products are to those in and near retirement.
Pros:
- Principal protection; every penny added to your Crash Proof® System is protected
- Interest credited; any interest you make is added directly to your principal
- 4-6% average annual returns; Crash Proof® clients usually average between 4-6% and have the possibility of making double-digit returns during strong market years
- No fees or costs; your money works for you, and you alone, and your entire retirement nest egg is there when you need it
- Guaranteed income streams and liquidity; your Crash Proof® System is designed for flexible access to your funds based on your retirement goals without depleting your nest egg
- No-cost performance reviews; your Crash Proof® System may be adjusted to align with your ever-changing retirement needs. Clients are invited to meet with our licensed retirement phase educators annually to make any changes, at no charge.
- Personalized financial education; we continually educate our clients on market trends and new opportunities to make the most of their Crash Proof® System
Considerations:
- Annual returns may yield 0% during market downturns; however, your principal is protected through any and all market conditions
- Access to funds and income guarantees are subject to contract terms; your Crash Proof® System will be comprised of different financial vehicles, and each may have its own contractual stipulations
A Variable Annuity is a dangerous security contract that can fluctuate in value based on the performance of its underlying mutual fund sub-accounts. Variable Annuities are often riddled with hidden fees, costly up-front charges, and, most importantly, they place your principal at risk.
The accumulation phase encompasses your working years where you’re building the bulk of your retirement nest egg. During this time, an investor is able to withstand market risk/volatility, and rebuild their nest egg before retirement because they are earning a working income, and still able to contribute to their retirement account.
The 5-10 years leading up to retirement and the years spent in retirement. In this phase, you cannot afford to lose your principal, as you no longer have the time, nor working income to recover any money lost from your retirement nest egg.
If you have any of the following retirement accounts, you WILL need to take a Required Minimum Distribution starting at age 73 (or 75 if you were born in or after 1960):
- Traditional IRA
- SEP IRA
- SIMPLE IRA
- 401(k) Plan
- 403(b) Plan
- 457 Plan
- Profit Sharing Plans
- Other Defined Contribution Plans
If you are still working, you may be able to delay RMDs from your current employer’s retirement plan — but IRAs and previous workplace retirement plans are not eligible for this exception
Your Retirement,
Your Way
Let’s talk about what you want your retirement to look like and how we can help get you there.
