Phil Cannella Warns Retirees of Pending Economic Warfare with Russia
KING OF PRUSSIA, Pa., March 24, 2014 /PRNewswire-iReach/ Phil Cannella is leading the conversation on why America's retirees need to be paying close attention to international conflicts that have the potential to collapse this country's already fragile retirement system. Phil Cannella is focusing on the unresolved crisis in Ukraine and warning investors of a resulting downfall for the global economy, which means retirement plans in America may be in store for a major detour.
The overwhelming majority of America's retirement savings is invested in the securities industry, within risk-class investments such as stocks, bonds and mutual funds. Should the crisis in Ukraine escalate to an international quarrel among the world's largest economies, risk-class investment products are sure to take a dip, completely changing the outlook of retirement in America.
"What we are watching unfold is an entirely new type of warfare; what could become an economic world war," said Phil Cannella at a recent event held in Downingtown, Pennsylvania to promote retirement education and financial risk awareness.
Click here to review a fact sheet released by the White House regarding economic sanctions that were already placed in relation to the crisis in Ukraine.
Phil Cannella has focused his educational campaign on informing consumers of the connection between international conflicts and the retirement dream in America.
Traditionally, Americans retired using reliable retirement strategies that allowed allocating a specific budget, based on guaranteed numbers. Today, such strategies are obsolete, with fixed-class investment products, such as pensions, high-interest bearing savings accounts and a strong Social Security system, no longer what they used to be.
In the absence of traditional retirement methods, America's working citizens have been forced to turn to Wall Street to build a financial nest egg that can get them through retirement. In today's conditions, Wall Street is a symbol of volatility and corruption, making it an unreliable platform for retirement planning.
"The road to retirement is no longer a clear, straight path; it has warped into a volatile maze with an unpredictable finish line," said Phil Cannella on his weekly radio program, The Crash Proof Retirement Show.
U.S. and EU leaders are continuing talks of economic sanctions against Russia, which has motivated Phil Cannella to continue his mission to empower the American retiree with education and awareness before it's too late.
About Phil Cannella:
Phil Cannella is a consumer advocate who specializes in financial education for today's retiring generation, as they are the first to enter into an entirely new retirement landscape. Phil Cannella is the creator of the Crash Proof Retirement System, a safe alternative investment strategy used exclusively by First Senior Financial Group, a financial education firm he founded over 39 years ago. In 2012, Phil Cannella stepped down from FSFG to pursue his new venture, Retirement Media Inc. Through his media company, Phil Cannella not only reports on the true misgivings within the financial sector, but reveals the remedies proven to overcome them, in an effort to prevent another market crash from ruining the retirement of untold millions overnight.
Media Contact: Kean Maynard, Retirement Media Inc., 1-855-348-7884, [email protected]
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SOURCE Phil Cannella