The American College New York Life Center for Retirement Income asked Greenwald & Associates to conduct the 2017 RICP® Retirement Income Literacy Survey, a comprehensive survey testing retirement income literacy. The goal was to determine whether retirees and pre-retirees have the knowledge they need to successfully plan for a financially secure retirement. This survey is a follow-up of the 2014 RICP® Retirement Income Literacy Survey, which had a similar methodology and questionnaire.

Tips for Managing Clients' Health Care Expenses in Retirement

March 27, 2017
By:
Jamie Hopkins

Survey after survey shows that health care expenses in retirement are a top concern for clients, and financial advisers are finally taking notice. According to a 2017 Survey conducted by The American College of Financial Services, advisers reported that health care expenses topped the list of concerns of their retired clients.

How To Retire With 'Buckets' Of Money

March 13, 2017
By:
Jamie Hopkins

One of the age old retirement questions is how much money do I need to have saved for a successful retirement? Is it $1 million? $2 million? Or even more? However, there is no magic retirement savings number.

Under President Trump's Direction DOL Moves To Delay Fiduciary Rule

March 1, 2017
By:
Jamie Hopkins

The Department of Labor (DOL) announced today that it is moving forward, under the direction of President Trump, with its efforts to delay the applicability date of the new fiduciary rule, which was designed to require all financial advisors providing investment advice regarding retirement savings to act in the best interest of their clients.

Be Wary When Giving Investment Advice to Clients

February 13, 2017
By:
Jamie Hopkins

In April 2016, the Department of Labor (DOL) finalized its long-awaited conflict of interest rule and related prohibited transaction exemptions, expanding the definition of fiduciary "investment advice" under the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code.

5 Long-Term Care Planning Lessons From 'Willy Wonka And The Chocolate Factory'

February 14, 2017
By:
Jamie Hopkins

Recently, a close family friend emailed me about his long-term care insurance policy, expressing his frustration over yet another premium increase. The discussion brought to my mind one of the most powerful and iconic scenes in children’s literature. I am referring to Willy Wonka and The Chocolate Factory (or Charlie and The Chocolate Factory).

Trump Signs Memorandum Shelving Fiduciary Standard For Financial Advisors

February 3, 2017
By:
Jamie Hopkins

At about 1:30 p.m. Eastern time on Friday, February 3, 2017, President Donald Trump signed a memorandum to roll back the Department of Labor’s fiduciary rule by asking the DOL to review the rule again and likely to delay its April 10th implementation (although at the time of this article a delay has not yet occurred but it is likely coming). Why does this matter?

President-Elect Trump Is Already Impacting Retirees

January 19, 2017
By:
Jamie Hopkins

With President-elect Donald Trump getting ready to take office and the stock market reaching all-time highs, how are retirees and financial advisors feeling about 2017? The American College of Financial Services released a 2017 survey that focused on how the election and all-time market highs are impacting consumers and retirement income planning.

This survey was given to retirement income professionals holding the RICP® designation as we approached a new Presidential administration and as the stock market neared an all-time high. The goal of this survey was to see how those events affected how the professionals approached retirement income planning and whether those issues were weighing on their clients.

View the study's key findings.

10 Important Client Considerations with 401(k) Rollovers

January 12, 2017
By:
Jamie Hopkins

A tremendous amount of money flows from 401(k)s to IRAs every year through rollovers as individuals retire, switch jobs or just consolidate their wealth. Financial advisers are eager to serve this marketplace due to the opportunity involved.

Pages