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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.

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.

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.

Pension Puzzles that Need Urgent Attention in Kenya

April 1, 2019
By:
Arth Shah

Money is a word that resonates well with you and saving is a word that your parents, teachers or relatives always (probably) talk to you about while pension or retirement is a word that you probably don’t take seriously (or you do, if you are ready to retire).

Financial Literacy Awareness Can Greatly Improve

March 18, 2019
By:
Steff Chalk

Financial literacy awareness programs’ impact on retirement savings patterns seems to be headed in a positive direction. Numerous studies on financial literacy awareness conclude that such education efforts do, indeed, have a significant impact on retirement preparedness.

Americans Overwhelmingly Lack Knowledge About This Key Financial Product

March 17, 2019
By:
Maurie Backman

The scary part of retirement is not knowing whether your savings will last throughout your golden years. In fact, for many seniors, the fear of running out of money trumps that of actual death. That's why it pays to consider an annuity in the course of your financial planning for retirement.

10 of the Easiest, Most Effective Ways to Save for Retirement

February 28, 2019
By:
Alessandra Malito

Almost 75% of Americans in retirement age failed a retirement literacy quiz, according to the American College of Financial Services, which interviewed 1,200 Americans between 60 and 75 who had at least $100,000 in household assets. Less than 1% earned an A and only 5% scored a B.

Test Your Annuity Acuity: An Advanced True/False Quiz

February 6, 2019
By:
Jamie Hopkins

Despite wanting and needing more guaranteed income in retirement, many Americans are hesitant to purchase an annuity to provide that income. Some of this hesitancy is due to misconceptions around the products and how they can best be used to support a secure retirement.

Retirement is Coming. Are You Prepared?

December 19, 2018
By:
Wayne Arnold

Recently, The American College of Financial Services surveyed Americans to find out what they know about retirement income. This was one of the most comprehensive surveys of retirement income literacy ever conducted. Most previous studies had focused on the accumulation period prior to retirement.

The Medicare True-False Quiz: Test Your Knowledge

July 27, 2018
By:
Jamie Hopkins

Health care costs are one of the biggest concerns for retirees. For most American retirees, Medicare is their primary health care plan. Medicare is complicated, and understanding it is crucial to making smart decisions to help control health care costs.

75% Of Older Americans Fail Retirement Financial Literacy Quiz

July 19, 2018

Even if you plan well for retirement and have a reasonable amount saved, you can still end up in financial trouble during your golden years.

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