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Phil Cannella Reviews on Crash Proof Retirement Educational Events

  Positive Reviews of Phil Cannella! As a Senior Advocate, Speaker, and noted author, Phil Cannella speaks at multiple venues during the year.  Phil Cannella receives so much great feedback from the events he speaks at and this video we found particularly interesting. It's an attendee reviewing one of the Crash Proof Retirement™ Educational Events. In the video, you can see how much this person has lea ...

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Judge Refuses to Sign off on Citigroup Settlement

From First Senior Financial Group, read the full story here. If you've been following the stories of Wall Street corruption over the past few years, then you know about consent agreements.  These are the settlements that regulators like the SEC reach with financial firms accused of wrongdoing.  These settlements usually include some type of cash disgorgement and they also force the firm to promise that they ...

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Is Now the Time to Exit the Stock Market?

From First Senior Financial Group, read the full story here. We all know how unpredictable the stock market can be, yet people everywhere put their time and money into predicting where the markets will go next.  More often than not the stock market creates losers rather than winners, so why are we so compelled to keep trying?  This article from First Senior Financial Group really delves into the psychology ...

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Bonds in a Bubble; When Will it Burst?

From First Senior Financial Group, read the full story here. Traditionally, Bonds have been thought of as one of the safest investments out there.  But do bonds really deserve that glowing reputation?  Recent events are casting doubt on the safety of bonds, and making investors think twice about using them as a retirement savings vehicle. First was the disastrous GM bond issue that left many investors holdi ...

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JPMorgan in Hot Water… Again

From First Senior Financial Group, read the full story here. There's no shortage of stories about financial companies coming under investigation for alleged crimes like fraud, insider trading, and conspiracy.  We've seen names like Goldman Sachs, Citigroup, Lehman Brothers, and Bear Stearns rotate through the headlines, so it takes a lot for one financial criminal to stand out over all the others.  Well JPM ...

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New Budget Plan Takes Aim at Retirees

The proposed budget reform announced on Wednesday suggests that retirees should be anticipating some major changes to the way their retirement will play out. To name a few of these changes, the proposed budget aims to make cuts to Social Security income, Medicare coverage, IRA contributions and more. It is common understanding that the federal government is in need of a new budget that will begin lowering t ...

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What’s the deal with Cyprus?

Anyone who has opened the financial section of any newspaper recently has seen some headlines announcing doom in a European nation that many people have never even heard of. But what does the economic trouble in the small island nation Cyprus have to do with you and your retirement? In a nutshell, the economic struggles and possible collapse of Cyprus could mean potential turmoil for anyone who has their re ...

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The Changing Face of Retirement in America

Nowadays retirement is all over the map. It’s blurred, more elastic. Many people retire piecemeal. Or they retire and then unretire. Or they continue working well after they were supposed to have retired. As part of a fast-changing retirement picture, many Americans leave their longtime job, but then, fearing that their Social Security benefits and nest egg will prove too small, plunge into part-time work — ...

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Rule requires Banks to Check Mortgage Borrower’s Ability to Pay

Government regulators have introduced a rule they hope will cut down on the number of people defaulting on their home mortgages—the so-called “Know Before You Owe” Rule. There is good news and bad news here: The bad news is that the rule will make it harder for people to land mortgages, but the good news is that it will keep the housing market safe from caving into the financial sinkhole it is only now emer ...

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Government Watchdog Finds Forced Arbitration Harms Consumers

The Supreme Court ruled recently that corporations can block consumers they force into arbitration from pursuing their cases as a class action, otherwise known as forced arbitration—a corporate practice blocking state and federal consumer protection clauses. More consumers than ever are being forced to surrender their rights every time they buy a product or service—whether its credit cards, checking account ...

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