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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.

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.

New and Unexpected Ways to Fund Long-Term Care Expenses

April 21, 2014
By:
Jamie Hopkins

Too many people think that long-term care planning is just a decision about whether to purchase long-term care insurance. However, long-term care planning is so much more. It is a discussion about how you will fund this expense, where you will receive long-term care, and who will provide the care.

Why the Stakes are Higher with Retirement Income Planning than Retirement Savings

April 10, 2014
By:
Jamie Hopkins

As National Retirement Planning Week charges ahead, the difficulties that individuals face at the various stages of retirement planning is a topic ripe for discussion. One aspect of retirement planning often underrepresented in financial planning discussions is the importance of switching from a retirement savings mindset to a retirement income planning mindset.

How to Mitigate Inflation Risk in a Retirement Income Plan

March 30, 2014
By:
Jamie Hopkins

My grandfather always reminds me that a hamburger only used to cost him ten cents when he was young and not the few dollars it costs today. While this is a familiar story to many people, the hidden lesson is the impact of inflation over a lifetime.

Is The Risk Of Forced Retirement Rising? How To Enter Retirement On Your Own Terms

March 5, 2014
By:
Jamie Hopkins

Planning for retirement is a difficult challenge, especially when the future is filled with such uncertainty. One uncertain event with significant implications on a retirement plan is the date of retirement. Many people are not able to choose their retirement date due to health issues, caregiving responsibilities, and forced layoffs.

Unique Retirement Planning Challenges Facing Hispanic Americans

February 18, 2014
By:
Jamie Hopkins

While many Americans have some difficulty planning and preparing for retirement, unique challenges face certain demographic groups. A new study released by Prudential Financial, entitled "The Hispanic American Financial Experience," sheds new light on the distinctive challenges facing Hispanic Americans as they plan for retirement.

Planning For An Uncertain Life Expectancy In Retirement

February 3, 2014
By:
Jamie Hopkins

When figuring out how much to save for retirement or how to withdraw assets during retirement, one of the thorniest issues is not knowing how long the individual is going to live. Living longer than expected can increase the likelihood of other risks occurring, driving up certain retirement expenditures such as long-term care costs.

What is RICP and why Should Retirees Care?

November 12, 2013
By:
David Littell

Why should retirees care about the Retirement Income Certified Professional® (RICP®) designation? Every day, more than 10,000 baby boomers hit retirement age. Many Americans expect to live a long time in retirement, but most don't have pensions to rely on the way their parents did.

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