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what is the crash proof retirement system ?

Asked By: luobo1689 | Last Updated: 2022-05-26

what is the crash proof retirement system?

A Crash Proof Retirement® utilizes financial vehicles that are immune to market crashes or even market dips. These vehicles make gains when the market goes up yet stay level or put up a zero when the markets decline. That is what makes the financial vehicles “Crash Proof.”

Simply so,Is Crash Proof Retirement a gimmick?

Sadly, in our opinion, “crash proof” doesn't translate into a successful retirement plan, or even a particularly good one. Too often, “crash proof” has been a disaster, but there is hope. As it's usually being hyped today, the “crash proof” retirement program is an elaborate sales pitch to sell you an annuity.

Accordingly,What is the safest investment for retirement?

When it comes to generating income, there's nothing safer or more reliable than FDIC-insured bank accounts and certificates of deposit (CD). 3 While this strategy won't produce much income when CDs and savings accounts pay 2% or even less, it can be a fine option when interest rates rise to more attractive levels.

Additionally,What are crash proof investments?

The Crash Proof Retirement® System is a proven way to grow and preserve 100% of your principal investment with no up-front costs, no market risk and no recurring fees. Used exclusively by Crash Proof Retirement®, Phil Cannella's System has already shown positive performance through the Crash of 2008.

Considering this,How does Phil Cannella make money?

Cannella, who also hosts an hour-long paid radio infomercial every Saturday and Sunday, says his firm writes $100 million in contracts annually, earning $6 to $8 million in commissions.

Related Question Answers Found

Who is Phil Cannella?

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.

What is an enhanced fixed indexed annuity?

A fixed indexed annuity is a tax-deferred, long-term savings option that provides principal protection in a down market and opportunity for growth. It gives you more growth potential than a fixed annuity along with less risk and less potential return than a variable annuity.

Where should seniors put their money?

Treasury bills, notes, bonds, and TIPS are some of the safest options. While the typical interest rate for these funds will be lower than those of other investments, they come with very little risk.

What is safest investment with highest return?

1. High-Yield Savings Accounts. The high-yield savings account is pretty much the gold standard of safe investments, offering you strong returns given the total absence of risk.

Where is the safest place to put your money right now?

Savings accounts are a safe place to keep your money because all deposits made by consumers are guaranteed by the FDIC for bank accounts or the NCUA for credit union accounts. Certificates of deposit (CDs) issued by banks and credit unions also carry deposit insurance.

What is a fixed index?

A fixed index annuity is an insurance contract that provides you with income in retirement. With a fixed index annuity, payments are based on the performance of a stock market index, like the S&P 500. Unlike owning stocks, you're protected against most losses—but your total returns may also be limited.