Tag Archives: Crash Proof Retirement

What Does Pres. Trump’s Tax Plan Mean to You?

Calling it the “biggest tax cut in U.S. history”  President Donald Trump wanted to make a huge splash when his administration announced his much anticipated tax plan yesterday, but the announcement may have created more questions than answers as it sent a slight ripple through Wall Street.  Stocks finished slightly down across the board Wednesday following  comments by U.S. Treasury Secretary Steve Mnunchin that the Trump administration wants to  move “as fast as we can” with the tax overhaul proposal, but provided few details.  See more below courtesy of CNBC.

Mnunchin had prioritized a goal of passing a tax reform plan by this August, but since then the White House has pulled-back from that deadline. If passed, the Trump plan would be the first tax reform since 1986.  Some of the questions surrounding the latest offer had to do with how it would be funded.  A memo from the administration states that “a one time tax on trillions of dollars held overseas would be levied on accounts.”  However, Treas. Sec. Mnuchin said the rate for that tax has yet to be determined. Mnuchin said the White House is “working with the House and Senate on a repatriation rate”, saying it would be “very competitive.”  President Trump is hoping to drastically reduce corporate taxes, and insists that the tax cuts will pay for themselves with hastened economic growth across the U.S.

Treasury Secretary Steve Mnuchin told ABC News today that he couldn’t say how Pres. Trump’s tax overhaul plan would personally affect the President, and he also refused to guarantee that middle-class families wouldn’t pay more under the Trump proposal.

See video from ABC’s Good Morning America below.

The White House has provided a “fact sheet” on the Trump tax plan proposal which includes:

    • Reducing the number of income tax brackets from seven to three, with a top rate of 35% and lower rates of 25% and 10%. It is not clear what income ranges will fall under those brackets. It would also double the standard deduction.
    • The proposal will cut the corporate tax rate from 35% to 15%.
    • The plan would eliminate tax deductions, with only a few exceptions, including the mortgage interest and charitable contribution deductions.
    • The plan would eliminate the estate tax, otherwise known as the “death tax” which affects only a very small portion of Americans.
    • The U.S. would go to a “territorial” tax system, that typically excludes most or all of the income that businesses earn overseas.
    • The plan would also repeal the alternative minimum tax and 3.8% Obamacare taxes.

If you are in or near retired years and want to lock-in the gains that you have made since Donald Trump became President, and never worry about another market crash again, then you need to get educated on the exclusive Crash Proof Retirement System. There is a safe and guaranteed alternative to the risk, corruption and fees within the securities industry, and it’s called the proprietary Crash Proof Retirement System. If you’re worried about losing any part of your retirement nest-egg then let Phil Cannella and Joann Small educate you on the exclusive Crash Proof Retirement System. This proprietary system is designed so that when the market goes up, your accounts can experience gains, but when the market goes down or crashes, your accounts stay even; You never lose a penny of your principal and that’s guaranteed! Get educated on the proprietary Crash Proof Retirement System at the next Crash Proof event!

Register here.

There is no cost…No obligation…Just a Crash Proof Education from the creator of the exclusive Crash Proof System-Phil Cannella, and the CEO of Crash Proof Retirement- Joann Small.

See what you’ll learn at a Crash Proof Retirement Educational Event. Watch below.

US College Loan Debt Bubble is at Dangerous Levels

Economists and financial experts often talk about “bubbles”.

Debt bubblesEconomic bubblesForeign Currency bubbles.  Now comes more evidence that the massive student loan college debt bubble is getting dangerously close to bursting.

Over the past 10 years the amount of student loan debt in the U.S. has grown by 170% percent, to a whopping $1.4 trillion — more than car loans, or credit card debt. In America.   44 million people have student debt and 8 million of those borrowers are in default.

A report by the Consumer Federation of America (an association of non-profit consumer organizations that was established in 1968 to advance the consumer interest through research, advocacy, and education,) found that the number of Americans in default on their student loans jumped by nearly 17% percent last year (2016). Despite all the improvements in the economy, student loan borrowers are still struggling, in what was thought to be an improving labor market. Studies show that there are links between high student debt and health issues like depression, and marital failures. The whole thing is made worse by the fact that a large chunk of those holding massive debt do not end up with degrees, having had to drop out from the stress of trying to study, work, and pay back massive loans at the same time. Meanwhile, the subprime crisis cut the ability of parents to use home equity loans to pay for their children’s education (previously a common practice). This left the bulk of the burden to students, at a time when the unemployment rates for young people are rising.

So the big question is: What is going to happen next and when is the bubble going to burst?

Mark Cuban, is a very successful and well respected businessman. He sold his technology company before the dot-com bubble burst and made billions. He is also the owner of the NBA’s Dallas Mavericks.

Listen to what Mark Cuban recently told Inc. Magazine, re: his feelings about the massive student loan debt bubble.  Watch video below.

Defaulting on a federal student loan can be a financial disaster for the borrower. Unlike other types of debts, most federal student loans cannot be discharged in bankruptcy. Those who go into default face serious consequences including: wage garnishment, damaged credit scores and added costs in fees, interest and legal fees.

If you’re worried that the economic bubble to burst, may have a detrimental effect on your retirement nest-egg, then you nee to get educated on the one and only exclusive Crash Proof Retirement System, that is deigned to protect your life savings from any market crash.

If you are in or near retirement and worried where the economy is headed, wouldn’t you like to lock in the gains you’ve made on the stock market and never have to worry about another crash or downturn?  There is a safe and guaranteed alternative to the risk, corruption and fees within the securities industry, and it’s called the exclusive Crash Proof Retirement System. If you’re worried about losing any part of your retirement nest-egg then let Phil Cannella and Joann Small educate you on the exclusive Crash Proof Retirement System. This proprietary system is designed so that when the market goes up, your accounts can experience gains, but when the market goes down or crashes, your accounts stay even; You never lose a penny of your principal and that’s guaranteed! Get educated on the proprietary Crash Proof Retirement System at the next Crash Proof event!

Register here.

There is no cost…No obligation…Just a Crash Proof Education from the creator of the exclusive Crash Proof System-Phil Cannella, and the CEO of Crash Proof Retirement- Joann Small.

See what you’ll learn at a Crash Proof Retirement Educational Event. Watch below.

Americans Are Not Saving Enough Money for Retirement

Americans seems to be always complaining about money.

Not having enough…not making enough…not saving enough.

Now, a new survey conducted by Princeton Survey Research Associates, (a leading research institution) for Bankrate shows that even though Americans believe they will save more money, the fact is they won’t!

Bankrate is a consumer financial services company and is best known for its personal finance website and economic surveys/.

According to the poll, about 21% of working Americans aren’t saving any of their income, which remains unchanged from the answer consumers gave the survey in 2016.  Just 25% are saving more than 10% of their incomes, down from 28% in 2016.

The biggest reasons Americans aren’t saving more money?

  • 38% said they had too many expenses, some of which may not be under their control given that wages have remained stagnant in recent years
  • 16.4% of the respondents simply said “they haven’t gotten around to it”
  • 16% said they not having a good enough job
  • 13% said they were struggling under debt

According to a just released new survey by the New York Federal Reserve:

In addition, about 19% of survey respondents said they feel less comfortable financially speaking, than they did a year ago, and 55% said they feel about the same.

Another thing to factor in:  Because the Federal Reserve recently raised its key interest rate, consumers could deplete their savings if they face higher repayments on credit card debt and auto or home loans.

Between emergency savings and the challenge of retirement savings that is on each of us, experts believe that individuals should save 15% of annual income.  The problem arises when people get tired of saving, and as the economy improves, people start spending more, saving less, and acquiring more debt.

If you are worried that you will not have enough money saved for retirement, then NOW is the time to educated on the exclusive Crash Proof Retirement System

If you want lock in your gains and safeguard your retirement nest-egg then let Phil Cannella and Joann Small educate you on the exclusive Crash Proof Retirement System. This proprietary system is designed so that when the market goes up, your accounts can experience gains, but when the market goes down or crashes, your accounts stay even; You never lose a penny of your principal and that’s guaranteed! Get educated on the proprietary Crash Proof Retirement System at the next Crash Proof event!

Register here.

There is no cost…No obligation…Just a Crash Proof Education from the creator of the exclusive Crash Proof System-Phil Cannella, and the CEO of Crash Proof Retirement- Joann Small.

See what you’ll learn at a Crash Proof Retirement Educational Event. Watch below.

The Truth about Life Settlements

FINRA is the the Financial Industry Regulatory Authority, which is a private corporation that acts as a self-regulatory organization. As part of its responsibility to help consumers avoid being taken advantage of, FINRA has listed a number of facts and warnings about investment vehicles known as “Life Settlements.” Much of this information was recently listed in an article in Kiplinger.com.

A “Life settlement”, (which is sometimes called a “senior settlement”) involves selling an existing life insurance policy to a 3rd party—(a person or an entity other than the company that issued the policy)—for more than the policy’s cash surrender value, but less than the net death benefit. In the past, if you owned a life insurance policy (that you no longer wanted or needed), you generally had two choices: surrender the policy for its cash value, or allow it to lapse. Life settlements present a third option: selling your policy (or the right to receive the death benefit) to an entity other than the insurance company that issued the policy. That transaction is known as a life settlement.
Here are some basic facts you need to know before getting involved with a Life Settlement.

  • Life settlements can have high transaction costs and unintended consequences, & even if you decide a life settlement is generally right for you, it can be hard to tell whether you are getting a fair price.
  • FINRA has even issued an alert to highlight the questions you should ask and the factors to consider before entering into a life settlement.
  • The purchasers of life settlements, sometimes called life settlement companies or life settlement providers, generally are institutions that either hold the policies to maturity and collect the net death benefits or resell policies—or sell interests in multiple, bundled policies—to hedge funds or other investors. In exchange, you receive a lump sum payment. The amount you will receive in the secondary market depends on a range of factors, including your age, health and the terms and conditions of your policy.
  • When you sell your life insurance policy, whoever buys it is acquiring a financial interest in your death.
  • In addition to paying you a lump sum for your policy, the buyer agrees to pay any additional premiums that might be required to support the cost of the policy for as long as you live. In exchange, the buyer will receive the death benefit when you die.

Some of the “Advantages” of Life Settlements:

  • It’s a better alternative to letting an expensive or unneeded policy lapse. (sometimes)
  • Life settlements can help fund things like hospice care in an emergency situation.

Some of the “Disadvantages” of Life Settlements:

  • Sellers generally receive a fraction of the face value
  • People tend to overlook other safer alternatives when motivated by the lore of easy cash and gains by security personnel or firms.
  • Regulated by the SEC (proven to be ineffective)
  • There is a High risk of seniors being taken advantage of by unscrupulous sellers of Life Settlements
  • The insured receives far less than the death benefit.
  • Settlement providers are fee based
  • Commissions and a lack of fiduciary responsibility are present
  • Loss of tax advantages (Beneficiaries normally receive death benefits tax free.)
  • Both the Insured and investor pay a tax on received portion of death benefit.
  • Investor’s returns can easily be negatively affected by the insured person outliving life expectancy tables.
  • Insurance companies are constantly looking for fraudulent policies started for the sole purpose of executing a life settlement. (Investors will pay seniors to open policies)\
  • Creditors may claim benefits for those who owe substantial medical bills and have significant debt.
  • Life Settlements eliminate money that would be left to heirs tax free
  • The amount you receive above the premiums you’ve paid for insurance, is taxable as income.
  • You may outlive any added cash

Factors to Consider When Deciding to Sell Your Life Insurance Policy

    • Life settlements have proven profitable not only for institutional investors that purchase policies, but also for the providers and brokers who handle these transactions.
    • Competition among life settlements providers has become increasingly intense.
    • Due to the life settlement industry being relatively new and the chance for targeting seniors who may be in poor health, it can be prone to aggressive sales tactics and abuse. You should always proceed with caution

Here are some of the key factors you should consider: (According to FINRA- Financial Industry Regulatory Authority)

    • Consider your ongoing Life Insurance Needs—If you are considering buying a new policy with the proceeds of the life settlement, you will need to determine whether you will be able to get a new policy with equivalent coverage—and at what cost.
    • Your old policy will still be in force and may affect your ability to get additional coverage.  Even if you can get a new policy, you may have to pay higher premiums because of your age or changes in your health status.
    • Be aware that surrendering your life insurance policy for its cash value or pursuing a life settlement are not your only options—especially if you would ideally like to retain your coverage.
    • Difficulty Determining Fair Prices—One of the hardest things to know when you are selling a life insurance policy is whether you are getting a fair price for your policy. The best way to make sure you are getting a fair price is to shop around.
    • Consider the Impact on Your Finances—A cash payment from a life settlement can have unintended financial consequences, especially if your financial circumstances have changed from when you first bought the policy. For example, if you currently receive state or federal public assistance, such as Medicaid, a life settlement can negatively impact your ability to participate in that program.
    • Consider the Impact on Your Survivors—Carefully think about your need for current income, versus the future financial needs of your survivors. Even if you have determined that they do not need the proceeds from your insurance policy now, ask whether there could be a chance that their situation could change.

If you decide to go forward with a life settlement, here are some questions you should be sure to ask:

    • Is the life settlement broker or provider licensed in my state?– A growing number of states regulate life settlement companies and life settlement brokers to some degree, and may require that they be licensed. Be sure to ask your state insurance commissioner whether the life settlement company or broker you are dealing with is properly licensed—and whether either has a record of complaints.
    • If you are working with a securities broker, FINRA’s BrokerCheck.com should be your first resource to learn about his or her professional background, registration/license status and disciplinary history.
    • Ask what the life settlement company that is buying your policy will do with it. Will they hold it themselves? Sell it individually? Or package it with other policies and sell interests in the package to other investors?
    • What information will I have to provide? To whom? For how long?
    • How can I protect my privacy? Before accepting any offer from a life settlement company, you should carefully read the application, and make sure that the company has procedures in place to protect the confidentiality of your information.
    • In many cases, state regulations govern the handling of confidential information. Contact your state insurance commissioner to find out what regulations apply.
    • What’s the best price I can get for my policy?
    • What are the transaction costs?
    • Life settlements can have high transaction costs. The commissions paid by life settlement companies to life settlement brokers and other financial professionals involved in the transaction can be as high as 30%.
    • If someone recommends a particular life settlement to you, find out what they are being paid, and by whom.
    • What are the tax consequences?
    • The lump sum payment you receive in exchange for your life insurance policy can be taxable, depending on your circumstances.
    • What if I change my mind? Always remember that you do not have to accept an offer to purchase your life insurance policy, even if you shopped around for the best price. If you do accept an offer and later reconsider, be aware that some states have laws that allow you to change your mind within a certain amount of time.
    • Is the life settlement in my interest or my investment professional’s? At least one marketing brochure targeted at investment professionals not only touts the potential commissions from life settlements, but also emphasizes that additional revenues can be generated from the seller’s purchase of other investment products using the proceeds from the life settlement. Citing industry statistics, the brochure notes that almost half of all life settlement transactions result in the purchase of new life insurance. In other words, your investment professional stands to make two commissions off of a life settlement transaction. And you may end up replacing a perfectly good policy with a costly new one.
    • Am I being pressured to make a fast decision? If you feel that you are being subjected to high-pressure sales tactics, and other aggressive advertising, marketing and sales efforts, beware. A legitimate investment professional will provide clear answers to your questions and will give you the time you need to make an informed decision.

Life settlements may make sense for people who no longer need or want their insurance policies, and would otherwise surrender their policies or allow them to lapse. But even then, you should proceed with caution. Always consult with an expert.  if you’d like to contact an educator at Crash Proof Retirement regarding Life Settlements or Crash-Proofing your retirement, click here.

 

Terrible Jobs’ Report for March

To say the March 2017 employment report from the Bureau of Labor Statistics was one, hugely disappointing shock would be a big understatement. The so-called “experts” had predicted 180,000 jobs were going to be added last month, but in reality only 98,000 jobs were put on the payrolls in March.  The government figures missed their mark by 80,000 jobs. These are terrible numbers, but what went wrong?

Economists are saying there are 3 main reasons, why the jobs report was so off kilter:

    • It was a fluke
    • A combination of a terribly cold and snowy month of March
    • Or, it is an “unstoppable trend

The shockingly low gain of just 98,000 jobs in March crushes the optimism that the economy can break out of its sluggish growth trend. The low jobs number is not likely to stop the Federal Reserve from further interest rate hikes this year, unless it is followed by another weak number next month.  Department store closings are also a big factor, which led to a sharp decline in retail jobs.

  • Earlier this week,a report from financial analysts: Credit-Suisse showed about 2,880 stores closures so far this year, more than double the same period in 2016.
  • With 60% percent of store closures typically announced in the first five months of the year, Credit-Suisse estimates there could be more than 8,640 store closings by the end of the year!

Other big retail closings:

  • Macy’s is closing 68 stores, cutting 10,000 jobs.
  • C. Penney will close 138 stores by the second quarter
  • Pay-less Shoesdeclared Chapter 11 Bankruptcy earlier this week – set to close 400 stores
  • Footlocker– to close 100 stores
  • CVS– to close 70 stores
  • Office Depot–  to close 75 store
  • Staples–  to close 70 stores
  • Pier One Imports– to close 100 stores by 2019

See more from CNBC below on what March’s poor jobs reports means to the economy.

If you are in or near retired years, and want to lock-in the gains that you have made over the last four months, and never worry about an inevitable market downturn, then you need to get educated on the exclusive Crash Proof Retirement System. There is a safe and guaranteed alternative to the risk, corruption and fees within the securities industry, and it’s called the proprietary Crash Proof Retirement System. If you’re worried about losing any part of your retirement nest-egg then let Phil Cannella and Joann Small educate you on the exclusive Crash Proof Retirement System. This proprietary system is designed so that when the market goes up, your accounts can experience gains, but when the market goes down or crashes, your accounts stay even; You never lose a penny of your principal and that’s guaranteed! Get educated on the proprietary Crash Proof Retirement System at the next Crash Proof event!

Register here.

There is no cost…No obligation…Just a Crash Proof Education from the creator of the exclusive Crash Proof System-Phil Cannella, and the CEO of Crash Proof Retirement- Joann Small.

See what you’ll learn at a Crash Proof Retirement Educational Event. Watch below.

Minutes Show Fed Want to Increase Rate Hikes & Cut Trillions $ in Bonds

The most recent minutes from the last Federal Reserve Policy Board meeting in March showed a couple of interesting things. Most notably: The Fed wants to increase the pace of increasing interest rates, and they want to cut $4.5 trillion dollars in bonds from its balance sheet beginning this year. The FOMC (Federal Open Market Committee) convened their last meeting in March at which time they voted to raise interest rates by another quarter percent, to a benchmark target between .07%-1%.  Experts say that altering the Fed’s balance sheet by shedding trillions of dollars in bonds is news-worthy because of its amount and concerns over the ripple effect it could have on the stock markets.  Fed members including Chair Janet Yellen have said that this move, in and of itself would lead to another rate hike, possibly in June.

Get further explanation and details on the minutes from the Fed’s March meeting CNBC’s Steve Liesman below.

If you’re worried about a “massive stock sell-off” (with the markets losing 20%, 30% or more of their value) thus severely hurting your retirement nest-egg, then you need to get educated on the exclusive Crash Proof Retirement System from its creator-Phil Cannella and the company’s CEO- Joann Small. This proprietary system is designed to ensure safety for your accounts so when the market goes up, your accounts can experience gains, but when the market goes down or crashes, your accounts stay even; You never lose a penny of your principal and that’s guaranteed! Get educated on the proprietary Crash Proof Retirement System at the next Crash Proof event!

Register here.

There is no cost…No obligation…Just a Crash Proof Education from the creator of the exclusive Crash Proof System-Phil Cannella, and the CEO of Crash Proof Retirement- Joann Small.

See what you’ll learn at a Crash Proof Retirement Educational Event. Watch below.

Non-Partisan CBO says: “Debt & Deficits will Explode”

The Congressional Budget Office (or CBO as it is known) is a federal agency within the legislative branch of the U.S government that provides budget and economic information to Congress. The CBO is strictly non-partisan, and does not make policy recommendations.

That’s why its latest report is so frightening.

According to new projections released by the CBO on 3/30/17- Government debt and budget deficits are both set to spiral higher in the next 30 years if current patterns hold. The report warns that the rising debt and deficits, threaten another financial crisis.

The CBO report stated:

“The prospect of such large and growing debt poses substantial risks for the nation, and leaves policymakers with significant challenges. Large and growing federal debt over the coming decades would hurt the economy and constrain future budget policy & hurt the prospects for economic growth”

Due largely to increases in Medicare and Social Security costs, the federal debt will reach 150% percent of gross domestic product in 2047, according to the report.

Watch more from CNBC below.

The current total debt level of $18.8 trillion is about 101 percent of GDP. In addition to rising debt, the CBO also said:

“The budget deficit will more than triple from the projected 2.9% percent of GDP in 2017 to 9.8 percent in 2047.”

The CBO says rising interest rates is another main reason for skyrocketing debt.

 “Rising deficits will add to the debt load because the government will be forced to borrow more at higher rates to cover expenses that will exceed revenues”

To get the debt and the deficit under control, the CBO recommends the government cut spending and increase revenue.

Crash Proof Retirement has been warning of a US and Global debt crash for a while, and our feelings have been supported by world-renowned economic forecaster and best-selling author Harry Dent.

Listen to Phil Cannella and Joann Small’s exclusive interview with Harry Dent on the Crash Proof Retirement Show, below.

Official Statement from Crash Proof Retirement Re: The Philadelphia Inquirer

 

We are excited to announce that Philadelphia icon Richard Sprague has decided to represent Phil Cannella and First Senior Financial Group, home of the Crash Proof Retirement System, as plaintiffs against the Philadelphia Inquirer.

Mr. Sprague is well known for taking and winning cases that involve defamation against good, quality businesses.

Among many others, Mr. Sprague has represented famed trial lawyer F. Lee Bailey, former Philadelphia 76ers guard Allen Iverson, and ironically two co-owners of the Philadelphia Inquirer: the late Lewis Katz, and Gerry Lenfest.

Historically, Mr. Sprague has a great track record for cases against the Inquirer.  His acceptance of our case is a great validation of our stance against that March 5th article.

We are extremely grateful for the continued support we are receiving during this time and we ask that all questions and comments regarding this article be directed to the Law Offices of Sprague and Sprague.

With All Truth,

Phil Cannella

Creator of the Crash Proof Retirement System

List of Consumer Regulatory Agencies in FLA, PA, NJ and Del.

Intelligent Research for Consumers in Florida, Pennsylvania, New Jersey & Delaware.

Verify your advisor at www.BrokerCheck.com

Florida   Department of Insurance
David Altmaier
Insurance Commissioner
Florida Office of Insurance Regulation
Office of Insurance Regulation’s Long Range Program Plan
200 East Gaines Street, Tallahassee, FL 32399
(850) 413-3140
http://www.floir.com/

FINRA (Florida)

District 7 – Boca Raton 5200 Town Center Circle, Suite 200

Boca Raton, FL 33486

(561) 443-8000

Fax: (561) 443-7995

Yvette Panetta, Deputy District Director
Daniel M. Sibears, Exec Vice President and Acting Regional Director

Florida, Puerto Rico, Panama and the Virgin Islands

See more at: http://www.finra.org/industry/finra-district-offices#district7B

Florida Better Business Bureau

4411 Beacon Cir Ste 4, West Palm Beach, FL 33407

Phone: (561) 842-1918

State of Florida, Office of the Attorney General

Pam Bondi, State of Florida Attorney General

1515 N. Flagler Drive, Suite 900West Palm Beach, FL 33401

Phones: (561) 837-5000

Fax: (561) 837-5099

www.myfloridalegal.com

The Florida Senate

Senator Lizbeth Benacquisto
Party: Republican
District Office
2310 First Street
Unit 305
Fort Myers, FL 33901
(239) 338-2570
Senate VOIP: 43000

http://www.flsenate.gov/Senators/S30

 Pennsylvania Attorney General

Josh Shapiro

www.attorneygeneral.gov

Pennsylvania Office of Attorney General

16th Floor, Strawberry Square

Harrisburg, PA 17120

Phone: (717) 787-3391

Fax: (717) 787-8242

New Jersey Attorney General

Christopher Porrino, NJ Attorney General

www.state.nj.us/lps/                Email: askconsumeraffairs@lps.state.nj.us

8th Floor, West Wing

25 Market Street

Trenton, NJ 08625-0080
Phone: (609) 292-4925

Fax: (609) 292-3508

Delaware Attorney General

Matthew Denn, DE Attorney General

www.attorneygeneral.delware.gov/                Email: Attorney.General@state.DE.US

114 East Market Street

Georgetown, DE 19947

Phone: (302) 856-5353

Fax: (302) 856-5369

Pennsylvania Insurance Commission

Teresa Miller, Insurance Commissioner of Pennsylvania Department of Insurance

https://www.insurance.state.pa.us/dsf/complaintform.html

Producer Licensing Services Division

Bureau of Licensing and Enforcement

1209 Strawberry Square

Harrisburg, PA 17120

Phone: (717) 787-3840

Fax: (717) 787-8553

State of New Jersey Department of Banking and Insurance

Richard Badolato Commissioner of Banking and Insurance

http://www.state.nj.us/dobi/index.html

P.O. Box 325

Trenton, NJ 08625

commissioner@dobi.nj.gov

Delaware Department of Insurance

Trinidad Navrro, Insurance Commissioner

consumer@state.de.us

Bureau of Captive and Financial Insurance Products

704 King Street

Wilmington, DE 19801

Phone: (302) 674-7310

Better Business Bureau of Pennsylvania

BBB of Metro Washington DC & Eastern Pennsylvania

http://www.dc-easternpa.bbb.org         Email: info@mybbb.org

1880 John F. Kennedy Blvd, Suite 1330

Philadelphia, PA 19103

Phone: (215) 985-9313

Fax: (215) 563-4907

Better Business Bureau of New Jersey

http://newjersey.bbb.org         Email: info@trenton.bbb.org

1700 Whitehorse Hamilton Sq. Road, Suite D-5

Trenton, NJ 08690-3596

Phone: (609) 588-0808

Fax: (609) 588-0546

Better Buiness Bureau of Delaware

http://delaware.bbb.org           Email: info@delaware.bbb.org

60 Reads Way

New Castle, DE 19720

Phone: (302) 221-5255

Fax: (302) 221-5265

FINRA (Pennsylvania)

Robert B. Kaplan, Director

www.finra.org

1835 Market Street, Suite 1900

Philadelphia, PA 19103-2929

Phone: (215) 665-1180

Fax: (215) 496-0434

Many Investors Believe Markets Have Ballooned Too Much


What is the “true value” of stocks on today’s market?  Investopedia defines “market valuation” as:

“The price an asset would fetch in the marketplace. Market value is also commonly used to refer to the market capitalization of a publicly-traded company, and is obtained by multiplying the number of its outstanding shares by the current share price. Market value is easiest to determine for exchange-traded instruments such as stocks and futures, since their market prices are widely disseminated and easily available, but is a little more challenging to ascertain for over-the-counter instruments like fixed income securities. However, the greatest difficulty in determining market value lies in estimating the value of non-liquid assets like real estate and businesses, which may necessitate the use of real estate appraisers and business valuation experts respectively.”

The most recent Bank of America-Merrill Lynch fund manger survey shows that a record number of investors believe that the current bull stock market (which is now 8 years old) is overvalued. 34% percents of the investors who responded to the survey say they think that equities are over-inflated. In addition to that, 81% percent surveyed consider the U.S. to be the “most overvalued region of the world.”  Many experts have said that 2017 was expected to be breakout year for corporate earnings, but that hasn’t necessarily been the case. If profits continue to lag or fail to meet expectations, then the markets could begin to drop.

Sam Stovall– chief investment strategist at CFRA recently told clients:

“Since prices lead fundamentals, the fundamentals better start picking up the pace in order to justify such extended valuations. Stocks continue to be the asset class of choice, but this crowded trade will likely need confirmation soon from a pickup in growth and forward guidance before investors can feel comfortable pushing prices even higher.”

See what a group of investment experts had to say recently on CNBC, below.

Markets suffered some of their biggest losses in recent memory today. Even though stocks are still at or near record highs, isn’t it time that you put aside all of your retirement worries and sleepless nights, and consider moving your retirement nest-egg in a “Crash Proof System?”

If you’re worried about losing any part of your retirement nest-egg then let Phil Cannella and Joann Small educate you on the proprietary Crash Proof Retirement System. This proprietary system is designed so that when the market goes up, your accounts can experience gains, but when the market goes down or crashes, your accounts stay even; You never lose a penny of your principal and that’s guaranteed! Get educated on the proprietary Crash Proof Retirement System at the next Crash Proof event!

Register here.

There is no cost…No obligation…Just a Crash Proof Education from the creator of the exclusive Crash Proof System-Phil Cannella, and the CEO of Crash Proof Retirement- Joann Small.

See what you’ll learn at a Crash Proof Retirement Educational Event. Watch below.