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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.

How Women Can Improve Their Retirement Income Literacy

August 9, 2017
By:
Robert Powell

About three in four (74%) Americans failed a 38-question retirement literacy quiz published as part of the survey by the American College of Financial Services New York Life Center for Retirement Income. In fact, respondents to the survey answered on average slightly less than half the questions correctly.

Why Women are Poised to Make a Terrible Mistake When it Comes to Their Money

August 1, 2017
By:
Alessandra Malito

Women are not necessarily well-prepared to manage the money coming towards them in the future. Only 18% of retirement-age women passed a financial literacy quiz on making a nest egg last through retirement, compared with twice as many men who passed.

For Retirement-Age Women, a Steep Learning Curve

August 1, 2017

Retirement-age women score poorly when it comes to financial literacy, according to MarketWatch. Just 18% of this cohort passed a quiz from the American College of Financial Services on making a nest egg last through retirement.

Need for Retirement Income Education

August 1, 2017
By:
Javier Simon

Unlike their younger counterparts, individuals nearing or in retirement do not have the luxury of a long time-horizon to grow their nest egg. They have reached the point where developing a strategy to sustain their assets and draw retirement income is critical.

Women Need to Get Schooled on Retirement Planning

July 29, 2017
By:
Maurie Backman

When it comes to retirement planning, women have a few distinct advantages over men. Because they're typically less confident investors, they're more likely to do their research and ask questions, which leads to fewer impulsive decisions.

Results from 2017 Retirement Income Literacy Quiz Reveal a Clear Gender Gap

July 28, 2017
By:
Andrea Ditter-Middleton

Earlier this week, the American College of Financial Services Center for Retirement Income released its 2017 survey results on retirement income literacy. While this survey generated a lot of interesting data on financial literacy, the disparity between men and women was especially concerning.

4 Out Of 5 Older Women Flunk This Retirement Literacy Quiz

July 27, 2017
By:
Christopher Robbins

What older women don’t know about retirement could certainly hurt them. Both men and women display startling low financial literacy, but women passed a simple test of financial knowledge at half the rate of men, according to a study focusing on Americans of retirement age.

Most Women Flunk Retirement Income Literacy Quiz

July 27, 2017
By:
Mary Beth Franklin

It is unfortunate that the people who are likely to live the longest understand the least about how to make their money last a lifetime. Only 18% of retirement age women can pass a basic quiz about how to make a nest egg last in retirement.

Retirement Misconceptions, From A to Social Security

July 27, 2017
By:
Russ Wiles

Retirement planning might be the most daunting financial problem facing Americans, yet plenty of individuals have misconceptions about it. Here are some of the misguided assumptions that people make.

Abysmal Financial Literacy Rates For Women Are Hurting Their Retirement Security

July 26, 2017
By:
Jamie Hopkins

A recent survey, the 2017 RICP® Retirement Income Literacy Report, by The American College of Financial Services, found that retirement age women lag significantly behind their male counterparts when it comes to retirement income literacy.

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