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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.

Know What Medicare and Medicaid Won’t Cover When it Comes to Long-Term Care

July 14, 2017

According to a RICP survey (Retirement Income Certified Professional), 70% of people 65 and older will need long-term care at some point. But of those surveyed, 82% don’t believe they’ll need it. But a critical illness can have a devastating financial impact, and these people may find themselves woefully unprepared.

Fox Business Presents Handy Reverse Mortgage Q&A

July 10, 2017
By:
Alex Spanko

“Forget downsizing or migrating to warm weather — an overwhelming number (83%) of pre-retirees and retirees today say they want to remain in their homes for as long as possible,” Fox Business writes, citing recent research from The American College of Financial Services.

Baby Boomers Fail Retirement Income Quiz

July 9, 2017

Many of the 10,000 baby boomers who are turning 65 each day are looking forward to retirement. But how many of these baby boomers, and current retirees know how to manage their savings well enough to avoid running out of money in retirement?

What Seniors Should Know About Reverse Mortgages

July 9, 2017
By:
Casey Dowd

Forget downsizing or migrating to warmer weather, an overwhelming number (83 percent) of pre retirees and retirees today say they want to remain in their homes for as long as possible, according to a new survey from The American College of Financial Services.

5 Questions to Ask About Your 401k Plan

June 26, 2017
By:
Brian O'Connell

New hires have plenty of questions and concerns when they're just starting with a company, and that's all for the good. But at the top of the list should be your 401k plan, and how that benefit will be maximized during your tenure at your new company.

Survey Says: Most Retirees Are Clueless About Money Management

June 25, 2017
By:
Wendy Connick

When you're retired and the biggest source of your income is the savings you've spent decades building up, you need to understand at least the basics of investing. Sadly, many retirees lack the knowledge they need to keep their investments thriving and producing sufficient income.

Long-Term Care: Beware of What Medicare, Medicaid Does Not Cover

June 24, 2017
By:
Casey Dowd

According to RICP’s 2017 Retirement Literacy Survey, 70 percent of people age 65 and older will need long-term care (LTC) at some point in their lives. And the 82 percent of respondents that feel they will not need LTC may not understand the devastating impact a critical illness can have on both their financial future and their family.

Older Americans in Urgent Need of Retirement Income Education

June 22, 2017
By:
Javier Simon

Unlike their younger counterparts, individuals nearing or in retirement don’t have the luxury of long time horizons in which to grow their nest eggs. They are at a point where developing a strategy to sustain their assets and draw retirement income is critical. However, many lack the knowledge to do so effectively.

Study Shows 'Retirement Literacy' is Shockingly Low

June 20, 2017
By:
Elliot Raphaelson

The American College of Financial Services conducted an online survey containing 38 questions to assess retirement literacy among those near or in retirement. Respondents were between ages 60 and 75 with at least $100,000 in household assets, not including their primary residence.

Beyond the Fiduciary Rule: Workers Not Saving Enough for Retirement

June 11, 2017
By:
Larry Edward Penley

New guidelines on fiduciary rights and responsibilities went into effect Friday, but the U.S. Department of Labor will continue to review the policy. That may put to rest for now an extended debate on the meaning of the term “fiduciary,” the responsibilities of investment professionals and the rights of consumers.

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