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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.

Americans Fail Retirement Planning Literacy Quiz, Low Literacy Linked to Poor Planning

May 8, 2017
By:
Jamie Hopkins

Americans nearing and in retirement don’t know enough about retirement income planning according to a new survey by The American College of Financial services, as roughly 75% of survey respondents failed the 38-question retirement planning quiz.

Why Life Insurance is Essential for Retirement Planning

April 27, 2017
By:
Jamie Hopkins

Many people do not view life insurance as an essential and vital part of a retirement income plan. They see life insurance primarily as a way to protect families from the early loss of a breadwinner during the working years. However, life insurance has the potential to be so much more if properly utilized in a comprehensive retirement income plan.

How Your House Can Help Pay For Retirement

April 24, 2017
By:
Jamie Hopkins

The baby boomer generation is facing a retirement income shortfall. This is no surprise if you take a look at how much money the average retiree has saved for retirement. According to U.S. census data, the average 65-year-old couple has about $100,000 saved for retirement.

7 Key Points To Follow With Trump's Tax Reform

April 10, 2017
By:
Jamie Hopkins

With health care reform potentially on the back burner, President Trump and Congress will begin to shift some focus onto tax reform. Tax reform, according to a number of polls, is supported by the majority of United States citizens.

Under Trump The Future Of Fiduciary Rule Is Uncertain As DOL Delays Rule

April 6, 2017
By:
Jamie Hopkins

Since the mid-1970s a “fiduciary” standard of care has been required for some individuals that render investment advice to retirement plans. The purpose of the rule is to protect consumers by requiring that the investment advisor acts in the best interest of their client and avoids conflicts of interest.

Can You Pass This Basic 6 Question Retirement Planning Quiz? Most Americans Can't

April 3, 2017
By:
Jamie Hopkins

National Retirement Planning Week® 2017 kicks off this week, from April 3rd to April 7th. It is a national effort to help consumers better focus on their financial needs in retirement. Doing their part to help improve the retirement security of Americans this week, the New York Life Center for Retirement Income released a six-question Retirement Income Literacy Quiz.

How To Retire With 'Buckets' Of Money

March 13, 2017
By:
Jamie Hopkins

One of the age old retirement questions is how much money do I need to have saved for a successful retirement? Is it $1 million? $2 million? Or even more? However, there is no magic retirement savings number.

Under President Trump's Direction DOL Moves To Delay Fiduciary Rule

March 1, 2017
By:
Jamie Hopkins

The Department of Labor (DOL) announced today that it is moving forward, under the direction of President Trump, with its efforts to delay the applicability date of the new fiduciary rule, which was designed to require all financial advisors providing investment advice regarding retirement savings to act in the best interest of their clients.

5 Long-Term Care Planning Lessons From 'Willy Wonka And The Chocolate Factory'

February 14, 2017
By:
Jamie Hopkins

Recently, a close family friend emailed me about his long-term care insurance policy, expressing his frustration over yet another premium increase. The discussion brought to my mind one of the most powerful and iconic scenes in children’s literature. I am referring to Willy Wonka and The Chocolate Factory (or Charlie and The Chocolate Factory).

Trump Signs Memorandum Shelving Fiduciary Standard For Financial Advisors

February 3, 2017
By:
Jamie Hopkins

At about 1:30 p.m. Eastern time on Friday, February 3, 2017, President Donald Trump signed a memorandum to roll back the Department of Labor’s fiduciary rule by asking the DOL to review the rule again and likely to delay its April 10th implementation (although at the time of this article a delay has not yet occurred but it is likely coming). Why does this matter?

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