RadioShow: "Titanic of Investments" - Crash Proof Retirement
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RadioShow: “Titanic of Investments”

RadioShow: “Titanic of Investments”

Saturday, June 20, 2019

Hosts Phil Cannella and Joann Small discuss current financial topics, including the high costs of variable annuities, a continued discussion about women and finance, as well as questions to ask your advisor. Their #1 goal is to increase your financial literacy and to help you Crash Proof your retirement with the Crash Proof Retirement System®.


Phil Cannella calls variable annuities the “Titanic of Investments.”

A variable annuity is securities-based product that includes mutual funds and has many hidden and on-going fees –which eat away at your principal.  A variable annuity is much different than a fixed index annuity, which tracks a market index such as the S&P 500 or Dow Jones without the market risk and has guaranteed principal protection. 

So, how do you know which type of annuity you have? 

If you hold a variable annuity, you’ll receive a quarterly statement, an annual prospectus, and a document called The Statement of Additional Information. The Securities and Exchange Commission (SEC) requires the mutual funds inside variable annuities to report complete lists of their holdings on a quarterly basis. 

If you own a variable annuity, bring in your current statement and one of our Crash Proof Retirement® licensed educators will help sort through any confusion. We will call the issuing insurance company on a recorded line and ask the questions you don’t know to ask. Once you hear about all the hidden fees you’re paying, we’ll send you home with a recording of that call. We are here for you and ready to help. Call our office to learn more. Take that first step! 


Joann Small, CEO of Crash Proof Retirement® continues her discussion about women and finance, with the top issues being– economic security, healthcare and loss of income. She also touches on the financial gender gap between men and women.

Joann interviews Alicia Munnell, Director of the Center for Retirement Research at Boston College, who explained that since women will live much longer than men, they will need more income. And, since America’s retirement system is income-based, they are at serious risk of fiscal issues, starting with widows whose husbands’ funeral costs alone can eat into a couple’s nest egg.

Tune into this important and illuminating discussion about women’s financial health.


Phil and Joann gave great advice on what your top priority should be when protecting your hard-earned retirement funds. Find a financial advisor who specializes in serving people in or near retirement and whose business is consumer-driven versus broker-driven. Broker-driven financial vehicles are securities-based products that financial advisors endorse and recommend because they collect ongoing fees and commissions from their customers. Consumer-driven means there is no conflict-of-interest between doing what’s best for the client, versus what’s best for the advisor.

Finally, here are three things to consider when selecting a financial advisor:

  • Have they taken any specialized classes or education courses that apply specifically to retirees?
  • Have they disclosed how they get paid?
  • Are they invested in their own investment strategy? 


Don’t wait until the stock market drops to Crash Proof your retirement nest egg. The time is now to protect what you’ve accumulated during your working years.  All you need is a solid game plan and the confidence to execute it. 

At Crash Proof Retirement®, we are ready to help you today! Don’t wait another moment. 

A good first step is to attend a Crash Proof Retirement Educational Event near you, where Phil and Joann reveal tax tips, mutual fund fallacies, IRA conversions and long-term care solutions.

For more information go to or call 1.800.722.9728

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