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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.

5 Best Practices for Using Housing Wealth in Retirement

December 15, 2017
Jamie Hopkins

Housing wealth represents U.S. retirees’ largest asset. For the average 65-year-old couple, home equity represents about two-thirds of their total wealth. The only other potentially more important retirement asset is Social Security, since it functions as the main source of retirement income for most retirees.

Are You One of the 58% of Americans Who Do This Around the Holidays?

December 14, 2017
Ismat Mangla

Asked what emotions are related to holiday shopping, 43% of survey recipients said excitement. But about a third of all respondents also said they associated stress with holiday shopping and nearly two-thirds of Americans agreed that holiday shopping puts a strain on their finances.

As Bitcoin Euphoria Spreads, Other Cryptocurrencies Surge

December 13, 2017
Ed Silverstein

Interest in digital and cryptocurrencies is surging as the massive price jumps in Bitcoin fuel visions of huge profits. The cryptocurrency market capitalization surpassed $500 billion this week, with Bitcoin hitting $17,000, up more than 50%, from $11,000 at the beginning of last week.

What to Buy Recent Retirees to Transform Their Quality of Life

December 9, 2017
Alessandra Malito
Jacob Passy

For many people, it’s increasingly difficult to buy gifts for their parents as they get older. But when your parents retire, there’s a whole bunch of things they’ll potentially need. Retirees may find themselves moving or redecorating their homes, spending more time on a hobby or trying a new type of work.

Will Bitcoin Fever Push 2018 Price to $20,000? $100,000?

December 6, 2017
Ed Silverstein

In 2018, will Bitcoin turn out to be another overhype, an surprise or just what it is: the beginning of a new type of digital currency going through its ups and downs? As investment, many academics urge caution, as some projections say that Bitcoin could reach a price of $20,000 or more in 2018.

Forget 'Location, Location, Location' When Making Retirement Housing Decisions

December 5, 2017
Jamie Hopkins

When talking about real estate, you have likely heard the widely used phrase “location, location, location.” What realtors mean by this is that identical homes may have very different prices depending upon location. What this often means to home buyers is that they may have to pay more to live close to work or to be in the best school district.

4 Strategies for Investing Money You Don’t Need

December 4, 2017
Jennie L. Phipps

Having money invested in an IRA that you don’t need to spend anytime soon, or maybe that you’ll never want to spend, is a great situation to be in during retirement. Financial advisers have suggestions for well-heeled retirees who find themselves in this fortunate circumstance.

4 Ways To Create Steady Retirement Income

December 4, 2017
Ashlea Ebeling

Hopefully, you’ve saved for decades. Now, how do you convert your nest egg into a stream of retirement income that lasts as long as you do? It’s a pressing question. Americans have a particularly low knowledge about preserving assets and sustaining income in retirement, according to the American College of Financial Services.

Spotlight: The HECM’s Place in Retirement Income Planning

December 1, 2017
Jessica Guerin

For the last several years, there has been a major industry-wide push to spread awareness among the advisor community about how reverse mortgages could be a powerful tool in retirement income planning. Reports from retirement experts like Wade Pfau, Jamie Hopkins and Barry Sacks outlined useful reverse mortgage strategies.

Filial Support Laws: “A Sleeping Giant”

November 29, 2017
Susan Hoover

For those with clients who refuse to acknowledge the importance of planning for long-term health care in retirement, read on. The current median monthly cost for nursing home care in the United States runs between $7,000 and $8,200.