Phil Cannella, Founder of Crash Proof Retirement®, developed the Crash Proof Retirement® System to protect retirees from losing their hard-earned retirement savings to the fees, volatility, and corruption of Wall Street that has been making retirement an unnecessary struggle in America for decades. He has since successfully protected thousands of retirees and ensured they have a safe, secure, and comfortable retirement. The story of Crash Proof Retirement® began in the 70s, when the Cannella family lived together in a row home in suburban Philadelphia, working together to make ends meet. After a long career working to provide for the family, Phillip Cannella’s grandfather was finally able to retire, but suffered a debilitating stroke shortly after. The years that followed were supposed to be blissful and relaxing but turned out to be a financial nightmare for the Cannellas, as nursing home bills piled up and erased everything Phil Cannella’s grandfather had worked for. It was then that a young Phillip Cannella vowed that he would find a way to prevent others from having to suffer the way his family had.
Phil Cannella had to make sacrifices to achieve his goal. When his grandfather suffered his stroke, Phillip Cannella was forced to drop out of college and take a job to help pay for medical and nursing home bills. During this time, he began studying the insurance industry and aspired to get his license to sell insurance. That’s how he found out about Nursing Home Insurance. Phil Cannella wished he had known about the benefits of this type of insurance years earlier, so he could have saved his family from their financial burdens. After he passed his licensing exam, Phil Cannella continued to research new ways to provide protection for those entering retirement and even pioneered consumer driven Long Term Care Insurance contracts that are still used today.
When the 2001 market crash hit, Phil Cannella saw a need for a new type of investment, especially for people in or near retirement, who didn’t have the time to go back to work and rebuild their nest eggs. That year’s crash robbed so many people of the money they had worked for decades to accumulate. Given Phil’s experience in the senior market, he began looking for a solution, which he finally found in guaranteed financial investment vehicles based in the life insurance industry that could provide steady growth while protecting from losses during market crashes. This was the beginning of the Crash Proof Retirement® System and Phil had no idea that the work he was doing would blossom to be his dream come true as his life’s goals took shape as Crash Proof Retirement®.
Over the next four years, Phillip Cannella perfected the Crash Proof Retirement® System, adding important consumer protections. Phil Cannella knew that many advisors were pushing financial vehicles that would land them the biggest commissions, rather than the ones that would work the best for their clients. That’s why he instituted a salaried design team to select the Crash Proof vehicles in his clients’ portfolios. With no vested interest in selecting the investments, the design team was free to design income solutions that truly worked for the consumer. He founded Crash Proof Retirement® as a firm that would utilize this consumer-oriented approach and help consumers get on the path to a Crash Proof Retirement® future.
Now that he had established himself as a consumer advocate and developed a risk-proof way to protect retirement savings, Phil Cannella wondered why more people didn’t know about these Crash Proof investments. As he discovered, the reason was that mainstream media were not reporting on these vehicles. Instead of reporting on Crash Proof Investments that are capable of protecting savings in a market crash, the media chose to hype risky investments that claimed the biggest returns. These investments largely favored the mainstream media outlets, all of which are owned by corporations that thrive off of stock market investors. That’s why, in 2008, Phil Cannella used his own money to start the Crash Proof Retirement® Show, a weekly radio show on AM radio 1210 WPHT, where he sought to expose the truth about the financial industry, a truth that others were reluctant to reveal. He also began using his status as a consumer advocate to promote his free Crash Proof Retirement® Events, held at restaurants around the country to educate consumers about retirement planning and the Crash Proof Retirement® Plan.
In the ensuing years, Phil Cannella landed many groundbreaking interviews that helped him show the average investor how corrupt Wall Street really was. He also used this platform to educate investors about the Crash Proof investments on which he had staked his reputation. In the process of furthering these two goals, he spoke to CEOs, regulators, and high-ranking government officials like former SEC Inspector General H. David Kotz.
Pursuing the truth and fighting to change an industry that has been built over decades to work against the everyday investor does not come without resistance. When he shook up the financial industry, many people came forward to claim Phil Cannella is a scam, or to make unfounded Phil Cannella complaints. Although Phil has been met with his share of obstacles as he confronted Wall Street and its regulators alike, taking them head on and forcing them to face their demons, he has fought hard to best these challenges and stay focused on his mission to protect retirement accounts all over America. One of Phil Cannella’s more notable battles in his pursuit was with the Securities and Exchange Commission. After filming an hour-and-forty-five-minute interview with then Inspector General of the Commission, an interview which exposed inner conflicts within the regulatory agency, Phil Cannella received a letter requesting that the interview not be shared with the public. Knowing that no worthy achievement is accomplished without dedication to the cause, Phil Cannella responded with a six page letter, as a voice of the people, to tell the SEC that he would not stand down. Phil Cannella made it clear that it is the SEC that needs to start making changes.
Phil Cannella so enjoyed his new role as a consumer defender he decided to create his own media company so he could pursue a full time career of bringing his unique message to people in or near retirement all across the country. He established Retirement Media, Inc. and left Crash Proof Retirement® in the capable hands of his business partner and Crash Proof Retirement® Show co-host Joann Small.
Since stepping down, Phil Cannella has expanded his role as CEO of Retirement Media, Inc., an alternative media source bringing truth to the American Retiree. He speaks regularly at educational events throughout the country, educating retirees about the alternatives to stock market investing that can provide them with the security they deserve in retirement. He continues his ongoing investigation into the financial industry and seeks out powerful and revealing interviews. In addition to that, he mentors other advisors who work with the senior demographic, teaching them about the Crash Proof Retirement® System and how it can help their clients achieve a safe retirement.
In recognition of all his accomplishments, numerous media outlets have sought out Phil Cannella as a financial expert for appearances on their shows. Most recently, he appeared as an expert panelist on Larry Kane’s Voice of Reason to provide his perspective on retirement in America and the new challenges faced by retirees as they make the transition into their golden years.
Phil Cannella Reviews
Ever since Phil Cannella began his crusade to protect American retirees from losing their nest eggs, he’s had his detractors. Some have come forward with Phil Cannella complaints; others have given Phil Cannella reviews that were not complimentary. Some have even made the claim that Phil Cannella is a scam. These allegations, of course, are unfounded. Every person in history who has tried to make a positive change in the world has been met with resistance, and so has Cannella. With Phil Cannella working tirelessly to make life better for people in retirement, it’s only natural that some detractors have come forward to make outrageous claims about Phil Cannella complaints or to say Phil Cannella is a scam.
If you don’t believe that Phil Cannella’s only mission is to help protect those in or near retirement, we encourage you to take a look at the hundreds of positive Phil Cannella reviews, many of which you can find right here on our website. Don’t take our word for it; hear Phil Cannella reviews right from the mouths of actual retirees who have been helped by the Crash Proof Retirement® System. Once you see these real retirees giving their Phil Cannella reviews, you’ll see that any Phil Cannella complaints or claims that Phil Cannella is a scam are totally unfounded.