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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.

Is Life Insurance An Investment?

July 9, 2019
By:
Steve Parrish

At a meeting of financial advisors, I was recently asked, “do you actually think life insurance is an investment?” My inquisitor was making more of a statement than asking a question, so she was surprised by my answer: “I can tell you that life insurance was an investment for me; one that I’m benefiting from now.”

5 Things You Need to Know Before You Retire

July 1, 2019
By:
David Littell

As a professor at The American College of Financial Services and the co-creator of the Retirement Income Certified Professional (RICP®) program, I’m often making lists of what I think everyone needs to know about planning for retirement. And, on a personal level, as someone who is approaching retirement myself, those lessons are really hitting home.

We Can Empower Girls to Make Good Financial Decisions for Years to Come

June 27, 2019
By:
Anne Rigney

In a recent article in the Journal of Financial Service Professionals, Parrish emphasized the importance of the trusted financial advisor to translate and apply the already massive amount of information available to the consumer.

The Vast Majority of Workers Aren't Making the Most of Their 401(k)

June 23, 2019
By:
Katie Brockman

Your 401(k) makes saving for retirement as painless as possible. You can transfer a portion of each paycheck straight to your retirement account, and if your employer offers matching contributions, you can even earn free money simply by saving.

Taming The Inflation Risk In Annuity Payouts

June 17, 2019
By:
Steve Parrish

People don’t understand annuities. They often confuse how annuities are used, how they work, and how they are taxed. In fact, research commissioned at The American College of Financial Services found that while consumers often hear about and have had annuities recommended to them, almost none of those surveyed understood the specifics of annuities.

3 Reasons Baby Boomers Are Behind on Retirement Savings

June 14, 2019
By:
Dori Zinn

“More and more Americans are retiring but so few understand basic facts and strategies when it comes to ensuring that their retirement is a comfortable one,” says David Littell, a retirement expert.

This Business Tax Benefit Is Really A Retirement Planning Solution

May 29, 2019
By:
Steve Parrish

Retail companies sometimes sell additional product by placing their wares in more than one location. At grocery stores, pita bread may appear both in the bread section and near the cold cuts. Candy shows up in the candy aisle, but also near checkout. This is a concession to the fact that people have different ways of classifying the products they choose to buy.

If You Failed that Online Financial Quiz, Relax and Don’t Sweat Your Score

May 17, 2019
By:
Jill Cornfield

Nobody likes to get a poor grade. But those online “test-your-financial-literacy quizzes can be irresistible. They’re short. You think you’ll do pretty well. Then, wham. You failed. How bad should you feel? Probably not very.

The Huge Tax Break Retirees Might Not Know About

May 12, 2019
By:
Karen Hube

Many retirees were handed a huge tax break under the new tax law—but they don’t even know it. People who have retired, but still pull down some income on a contract or freelance basis, might be eligible to take advantage of one of the centerpieces of the Tax Cuts & Jobs Act of 2017.

An Old Tax Dodge for the Wealthy Is Making a Comeback

May 5, 2019
By:
Karen Hube

Advisors are dusting off an old tax-savings strategy after it got an enormous boost under the new tax law, enabling taxpayers to wipe out massive potential tax obligations on appreciated assets.

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