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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.

Financial Literacy Helps Young and Old Alike: Your Say

December 9, 2014

Eighty percent of Americans ages 60-75 failed a retirement literacy test, according to an American College of Financial Services survey.

Clients Overconfident About Retirement Plan Knowledge

December 8, 2014
By:
Mark Miller

Your clients probably think they know more about how their retirement plan works under the hood than they really do. That’s a key finding of a quiz of more than 1,000 60- to 75-year-olds on retirement income, administered by the American College of Financial Services.

Retirement News: The Week in Review

December 5, 2014
By:
Robert Powell

A large majority (80%) of retirement-age Americans received failing grades after taking a basic quiz on how to make their nest eggs last throughout retirement, according to the American College of Financial Services. A recent survey from the organization revealed the well-known 4% rule is a complete mystery to seven in 10 Americans.

The Search for Income in Retirement

December 4, 2014
By:
Ruth Davis Konigsberg

There are three components to retirement planning: accumulation, investment, and managing for income. And while we are usually more fixated on “the number” on our balance sheet, the bigger challenge is ensuring that a retirement portfolio can generate enough steady money as we live out our days.

Flunking Retirement Readiness, and What to do About it

December 4, 2014
By:
Mark Miller

Imagine boarding a jet and heading for your seat, only to be told you’re needed in the cockpit to fly the plane. Investing expert William Bernstein argued in a recent interview that what has happened in our workplace retirement system over the past 30 years is analogous.

Americans' Retirement Know-How Rates 'F': Survey

December 3, 2014
By:
Kelley Holland

Do you know when to start drawing Social Security payments? What about a safe amount to draw down from savings? If you are hemming and hawing, you've got company. In a newly released survey, 80 percent of the respondents received scores of 60 or lower on financial questions about retirement.

Americans Have a Low Retirement IQ

December 3, 2014
By:
Bianca Flowers

Americans' retirement income IQ is depressing. In a recent survey by The American College of Financial Services, only 20% of those surveyed can pass a basic quiz on the steps they need to take to secure their finances after retiring.

Crash Course Needed: Four Out of Five Americans Failed When Quizzed on How to Make Their Nest Eggs Last

December 3, 2014

The American College of Financial Services releases findings from the RICP® Retirement Income Literacy Survey, the most comprehensive survey exploring the drawdown phase of Americans’ financial lifetimes. The survey found quite low levels of retirement income literacy.

5 Things You Need to Know Wednesday

December 3, 2014

A new survey released Wednesday by the American College of Financial Services finds 80% of Americans ages 60 to 75 failed a retirement income literacy test. Only 2 in 10 had passing grades, the college said.

What's Your Retirement IQ? For Most, it's Lousy

December 3, 2014
By:
Rodney Brooks

In survey after survey, Americans have not scored well on retirement literacy tests. But a new survey of Americans ages 60 to 75 says 80% failed a retirement income literacy test. The results of the poll, released today by the American College of Financial Services in Bryn Mawr, PA, are pretty dismal.

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