Phil Cannella Complaints: Phil Cannella Busts the Myth That Conservative Investments Are Safe for Retirees – Phil Cannella Complaints

Phil Cannella Complaints

Phil Cannella Complaints – Phillip Cannella ComplaintsPhil Cannella Complaints , is asked this question all the time: “Since my pie chart distributions show that I’m diversified, I am safe right?”

Phillip Cannella Complaints

The truth of the matter is that you are not safe. In the end, a diversified pie chart still means that all of your investments are in stocks, bonds and mutual funds. While that is what you want when you are in your working years, it simply is not safe when you are in your retirement years and have no room to bounce back should something happen.

Phil Cannella points out that even if you meet with your financial advisor every year to adjust your portfolio so that it reflects current market conditions, you are no less at risk. No matter what your pie chart shows, securities are risky business, and that’s not what you want to be involved in when you are retired.

What you need to be putting your trust in during your retirement years is the industry outside of securities and the stock market, which offers a number of financial vehicles especially suited for retirees. Sleep-well accounts and distribution mode exit strategies are a couple examples. Phil Cannella teaches these options that most financial advisors aren’t, and you can learn a lot more strategies in Phil Cannella’s book, Crash Proof Retirement: The Planning Isn’t Over.

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About Phil Cannella

Head Analyst with First Senior Financial Group