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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.

Pension Puzzles that Need Urgent Attention in Kenya

April 1, 2019
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
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
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
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
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
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
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.

A Scary Number of Older Americans Can't Pass a Retirement Financial Literacy Quiz

June 19, 2018
Daniel B. Kline

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. There are lots of money traps that even reasonably prepared seniors can fall into if they're not well-versed in the unique details of retirement-stage personal finance.

The Reverse Mortgage Quiz: Test Your Knowledge

June 11, 2018
Jamie Hopkins

Very few retirees or their financial advisers, however, know much about how to properly utilize home equity in retirement planning. Since most retired homeowners want to live in their houses for as long as possible, tapping into home equity must be done thoughtfully and through a well-informed, comprehensive retirement planning process.