KING OF PRUSSIA, Pa., April 8, 2014 /PRNewswire-iReach/ -- Phil Cannella stood before a room filled with investors in or near retirement age, all sharing one common concern: will I outlive my retirement savings due to an uncertain economy?
Phil Cannella has interviewed hundreds of Americans, asking for their retirement outlook relative to the volatility of the financial markets since the turn of the century. He has discovered a feeling of distrust that is still fresh in the hearts of Baby Boomers. This was abundantly evident by the overwhelming turnout of consumers that came to Phil Cannella's retirement planning seminar to voice their concerns about the future of their assets. It is estimated that 10,000 of these Baby Boomers will reach retirement every day for the next 19 years, and with the growing distrust of the stock market, there becomes an overwhelming uncertainty that may shift wealth placement on a national scale. According to the Investment Company Institute, retirement assets in America totaled $23 trillion in the fourth quarter of 2013, accounting for 34 percent of all household financial assets. Due to the popularity of mutual funds and other stock market investments, much of this enormous wealth has been circulating throughout Wall Street. All of that may be taking a new direction in the wake of two recent market crashes that shattered retirement accounts across the country, yet left Wall Street intact. The general consensus among Baby Boomers reveals a concern for their financial security heading into retirement, and a clear distrust of the financial services industry.
Click here to watch an excerpt from the event.
With the bull market at a peak just around its 5th anniversary and primed for a downturn, many everyday consumers are weary of placing their financial futures into traditional risk-class investment vehicles, which suggests that the future may be bright for less risky, alternative investments.
Click here to watch event attendees articulate their uncertainty of the stock market.
By providing a voice for thousands of Baby Boomers each year, Phil Cannella's media company, Retirement Media Inc., is keeping a pulse on the trends of retirement wealth in America. Phil Cannella is at the forefront of this ever-changing landscape within the United States and continues to educate concerned investors on how to move forward.
About Phil Cannella:
Phil Cannella has spent nearly four decades working with people in or near retirement, specializing in reducing their exposure to financial risks such as market volatility and long-term healthcare costs. Phil Cannella founded First Senior Financial Group, a consumer advocacy firm that specializes in financial education for the retirement sector. Since the turn of the century, Phil Cannella has made a transition into the public eye as host of The Crash Proof Retirement Show®, speaking regularly at retirement planning seminars, and even starting his own media company, Retirement Media Inc. Phil Cannella brings his expertise forward by utilizing his media company to bring honest education on the safest, yet often unnoticed, ways to prepare for retirement. Click here to watch Phil Cannella's biography video.
Media Relations Coordinator
Retirement Media Inc.
Media Contact: Kean Maynard, Retirement Media Inc., 18553487884, firstname.lastname@example.org
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