Phil Cannella shows retirees

everyday how to legally refrain from reporting 85% of their income over a ten-year period, a method that most financial advisors aren’t even aware of. Do you want to know how you can do the same?

The answer lies with what is called the Exclusion Ratio, which is the portion of your annuity’s income that the IRS considers a return of your original principal. When you own certain insurance products, you receive a number of tax incentives that reduce the income tax you’re required to pay. This means you can turn on an income stream and keep it flowing for an entire decade, while keeping the amount that is subject to taxation down to a mere 15%!

Some people ask Phil Cannella, “But what if I’m in my 80’s and might not have ten more years? Is the Exclusion Ratio something that would still benefit me?” The answer is yes, and here’s why: there’s also a provision under the Exclusion Ratio that allows you to execute it over a five-year period so that you can collect your annuities without reporting 93% of the income on your tax return.

Most financial advisors don’t have the training that Phil Cannella does to drill down deep into the little-known laws that help retirees live securely. That’s why Phil Cannella preaches about working only with a financial retirement specialist.