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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.

Should I Trade My Retirement Account?

September 14, 2018
By:
Christopher Sonzogni

While many Americans aren’t quite certain how much they need to save for retirement, Investopedia users buck the trend. In a survey of the site’s users, respondents who had a tax-advantaged retirement account, such as a 401(k) or Individual Retirement Account (IRA) were likely to check their account balances regularly.

Ohio National To Exit Annuity Industry

September 13, 2018
By:
Rachel Summit

One of the nations top sellers of variable annuities has exited the business, confirming what many experts have been claiming in recent years: the variable annuity market is very challenging. Ohio National Financial Services Inc., has laid off 300 employees in the wake of the change.

Why Merrill Lynch Still Excludes Commission-Based Annuities from IRA Accounts

September 12, 2018
By:
Alex Padalka

Following a recent reversal on its prohibition of commission-based products in individual retirement accounts, Merrill Lynch nonetheless kept commission-based annuities out of IRA options, InvestmentNews writes.

A Decade After the Financial Crisis, this Retirement Dilemma Still Hasn't Been Solved

September 10, 2018
By:
Lorie Konish

When it comes to how individual investors have fared since the financial crisis, it's still largely a tale of the haves and have-nots. To see evidence of this, look no further than where individuals are when it comes to the biggest financial goal of all: retirement.

Merrill Lynch Takes Two Avenues with Annuity Commissions

September 10, 2018
By:
Greg Iacurci

When Merrill Lynch recently decided to reverse its ban on commissions in individual retirement accounts, it did so for all products with one exception: annuities.

Ohio National, a Big Variable Annuity Provider, Exits the Annuity Business

September 7, 2018
By:
Greg Iacurci

Ohio National Financial Services Inc., among the top 20 sellers of variable annuities, is quitting the annuity business and is simultaneously laying off 300 employees, signaling the challenges of the variable annuity market in recent years.

Retirement is Booming as WealthBridge Capital Management Opens Its Doors With a Proprietary Service Model

September 5, 2018

Last year when the American College of Financial Services reported the results of their Retirement Income Literacy Quiz, almost 75% of the 1,244 responders—ranging in age from 60 to 75—scored below 60% and received a failing grade.

Trump's Proposed RMD Rule Changes Likely To Take More Than 6 Months

September 5, 2018
By:
Tracey Longo

An executive order issued by President Donald Trump directing the Treasury Department to study easing the rules for required minimum distributions (RMDs) may not lead to new policies within the next six months, but changes could come faster if Congress takes up the cause.

New York Life Insurance Brings New Innovations To Long-Term Care Insurance Market

September 5, 2018
By:
Jamie Hopkins

The development and rollout of new standalone long-term care insurance products has been almost non-existent for a decade.  Aiming to break that trend, New York Life Insurance Company recently rolled out a new and innovative long-term care insurance product.

Navigating the Risks and Rewards of Reverse Mortgages and Financial Advice

September 5, 2018
By:
Alex Spanko

A recent article from a well-known reverse mortgage proponent suggested that rules regarding cross-selling the loans and other financial products may have gone too far — a suggestion that was met with both caution and some qualified support from the larger Home Equity Conversion Mortgage community.

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