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.