News & Blog Header

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 Prepaying A Mortgage A Good Retirement Investment Option?

October 2, 2014
By:
Jamie Hopkins

I recently wrote an article, "Why Housing Is A Bad Long-Term Investment But You Should Buy Anyways," reviewing the reasons why the purchase of a home as a pure investment option might not always be the best option for long-term financial planning and retirement. However, this article will take a different angle with regard to housing and retirement.

Why Housing Is A Bad Long-Term Investment But You Should Do It Anyways

September 25, 2014
By:
Jamie Hopkins

Homeownership was once considered a staple of the 'American Dream' and a sure sign of financial stability in the United States. The principal residence accounts for nearly 62% of the median homeowner’s total assets in the United States and makes up nearly one-third of all assets held by U.S. households.

Not Enough People Have Financial Advisers and New Research Shows They Should

August 28, 2014
By:
Jamie Hopkins

Only 52% of pre-retirees and 44% of retirees consult a financial planner or adviser according to a new report, "Understanding and Managing the Risks of Retirement," from the Society of Actuaries, which discusses the findings of their Retirement Risk Survey conducted in 2013.

Can Your Financial Advisors, Attorneys & Accountants Build You A Unified Retirement Income Plan?

August 24, 2014
By:
Jamie Hopkins

As you plan for retirement, you might find yourself with a whole army of advisors handling different aspects of your life, finances, and future. But are your attorneys, accountants, financial planners, investment brokers, money managers, insurance agents, and retirement advisors all on the same page when it comes to planning for your retirement?

Changing Family Caregiver Dynamics Ramp Up the Importance of Long-Term Care Planning

July 28, 2014
By:
Jamie Hopkins

When planning for retirement, clients often list long-term care as a primary concern. However, very few people have well defined plans for dealing with related expenses. Instead, most people rely upon family members to provide long-term care, with roughly 70% of services coming in the form of informal care provided by relatives.

The IRS Suffers a Major Setback in Its Ability to Regulate Attorneys and CPAs

July 18, 2014
By:
Jamie Hopkins

The Internal Revenue Service has not had a good 2014. It has suffered multiple defeats in federal court, limiting what it believed to be its proper authority. It lost a landmark case in Loving v. IRS in the U.S. Court of Appeals for the District of Columbia, which significantly stymied the IRS’s efforts to regulate the tax preparer industry.

Frailty Risk -- More than Just Long-Term Care and Health Care Expenses

June 25, 2014
By:
Jamie Hopkins

Retirement income planning is more than just developing a steady stream of income. It also requires planning for those uncertain events that threaten a secure retirement. Aging brings with it a variety of retirement risks, including escalating health care expenses and possible long-term care expenses.

Digital Asset Planning for Retirement -- A New Task for Financial Advisers

June 15, 2014
By:
Jamie Hopkins

Ever wonder what happens to your favorite boutique’s online website when the owner retires, becomes incapacitated, or dies? Far too often, the answer is nothing. The site ceases to operate but remains a permanent fixture on the internet, a mere reminder of what was once your favorite shopping location.

3 Public Policy Changes That Could Ruin Your Retirement Plan

June 4, 2014
By:
Jamie Hopkins

Have you ever been playing a game with friends when all of a sudden someone changes the rules in the middle of the game? This feels incredibly unfair, but you might have little or no control over its occurrence. Some proposed public policy changes might present a similar unexpected jolt to an established retirement income plan.

How to Incorporate President Obama's New myRA into a Retirement Income Plan

May 6, 2014
By:
Jamie Hopkins

During President Obama’s 2014 State of the Union Address the "myRA" ("My Retirement Account") was announced as a new way to encourage working Americans to save for retirement. With roughly 28% of the population not saving for retirement at all, increased opportunities to save are in demand.

Pages