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.
Much has been written about the classic financial mistakes that plague start-ups, family businesses, corporations, and charities. Aside from these blunders, there are also some classic financial missteps that plague retirees.
One of the most common questions advisers get from clients about their retirement plans or investment portfolios is: How am I doing? The root of that question could speak to how individuals are tracking against their goals, how they’re tracking against their peers, or a combination of the two.
Over the last three months, Americans nationwide have opened their news source to find at least one article published daily on the proposed tax overhaul. And while the projected tax reform has spurred an abundance of articles detailing different elements of the tax reform plan, a common theme consistently remains as the basis of these writings.
For many people, it’s increasingly difficult to buy gifts for their parents as they get older. But when your parents retire, there’s a whole bunch of things they’ll potentially need. Retirees may find themselves moving or redecorating their homes, spending more time on a hobby or trying a new type of work.
Hopefully, you’ve saved for decades. Now, how do you convert your nest egg into a stream of retirement income that lasts as long as you do? It’s a pressing question. Americans have a particularly low knowledge about preserving assets and sustaining income in retirement, according to the American College of Financial Services.
Some retirement experts are sighing with relief after President Trump on Monday assured the public that no changes were coming to 401(k) plans as part of his tax overhaul, but there are lingering questions as to what could be done to better the system so many rely on for their retirement funds.
Think you have your retirement financial planning well in hand? Well, a new study shows that you might be in for a rude surprise when the time comes. The American College New York Life Center for Retirement Income commissioned a survey of retirement income planning, and the results are disturbing.
There are few more important questions in financial planning, but getting good answers can be elusive. Even people who are comfortable tackling sophisticated financial tasks like determining their asset allocations and conducting due diligence on individual stocks and funds may struggle with assessing the soundness of their plans.
At one point or another, we financial professionals all have used the phrase: “If you fail to plan, you plan to fail.” This is especially true when it comes to retirement planning, as it is one area of life where failure is not an option. We only get one shot and there are no retakes.