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News & Blog

Our expert faculty are frequent contributors to consumer-based media as well as to more scholarly academic publications. Keep current with recent developments in the retirement income planning field and check out the latest articles from the thought leaders who are part of the The American College New York Life Center for Retirement Income.

Advisors Need To Better Engage Female Clients On Retirement

August 18, 2017
By:
Brian O'Connell

A new study spotlights the uphill climb females and their financial advisors face while planning for retirement. Just 18 percent of retirement-age women are informed on how to make a nest egg last in retirement (compared to 35 percent of similarly-aged men).

Best-Interest Contract Could be Casualty of DOL Fiduciary Rule Delay

August 15, 2017
By:
Mark Schoeff Jr.

The part of the Labor Department's fiduciary rule that has heartened supporters and caused heartburn for opponents, the best-interest contract, could become a casualty of the ongoing reassessment of the rule.

The Finance 202: Stock Market to Trump: 'Fire and Fury' is 'Fire and Forget'

August 10, 2017
By:
Tory Newmyer

The Labor Department is seeking to delay the compliance deadline of the fiduciary rule by 18 months as it seeks to rework the Obama-era mandate. That would push the effective date for the rule to July 1, 2019.

SIFMA Sends DOL Study About Fiduciary Rule Effects

August 10, 2017
By:
Rebecca Moore

Professor Jamie Hopkins, Retirement Income Program co-director at the American College, said “The proposed delay was entirely expected. The delay is really more about giving the DOL time to rework the rule rather than companies really needing more time to prepare.”

DOL Fiduciary Rule: Indexed, Variable Annuities Big Winners of a Proposed Delay

August 10, 2017
By:
Greg Iacurci

Indexed and variable annuities are the biggest winners of the Department of Labor's recently telegraphed fiduciary rule delay. Sales of the products, especially indexed annuities, would arguably have been the most adversely impacted under the original timetable, which had the full regulation going into effect on Jan. 1, 2018.

Yet Another DOL Rule Delay Paves Path for Big Changes

August 10, 2017
By:
Alex Padalka

The rule’s reach could be reduced significantly if the DOL expands exemptions, although the rule itself probably isn’t going away, Jamie Hopkins, a professor at the American College of Financial Services, tells the paper. The DOL didn’t immediately make a comment to the Journal.

Will DOL Gut Fiduciary Rule By Latest July 1, 2019 Extension?

August 9, 2017
By:
Ashlea Ebeling

The Department of Labor issued a notice of administrative action in one of the pending industry lawsuits against the Obama-era fiduciary rule: an extension of the transition period and delay of the applicability date until July 1, 2019 for three main exemptions to the rule.

Labor Department Seeks 18-Month Delay in Fiduciary Rule

August 9, 2017
By:
Lisa Beilfuss

The Labor Department is proposing to delay the fiduciary rule’s compliance deadline by 18 months, a move that experts say suggests the retirement-savings rule will emerge from a re-evaluation with significant revisions.

How Women Can Improve Their Retirement Income Literacy

August 9, 2017
By:
Robert Powell

About three in four (74%) Americans failed a 38-question retirement literacy quiz published as part of the survey by the American College of Financial Services New York Life Center for Retirement Income. In fact, respondents to the survey answered on average slightly less than half the questions correctly.

Military Personnel Face Critical Decisions as the "Blended" Retirement Program Approaches

August 4, 2017
By:
Veronica Lu

This post features a comprehensive discussion of the current military pay system as well as a description of the substantial changes that become effective for active military who begin service January 1, 2018 or later.

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