News & Blog Header

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.

Older Women Flunk Financial Literacy Quiz

July 24, 2017
By:
Kerry Hannon

News flash: Retired women and women nearing retirement have a financial literacy problem. In a survey released today, the 2017 RICP Retirement Income Literacy Gender Differences Report, from The American College of Financial Services, only 18 percent of women age 60 to 75 passed.

Time to Take Retirement into Their Own Hands: Over 80 Percent of Women Fail Retirement Income Literacy Quiz

July 24, 2017

Only 18% of retirement-age women can pass a basic quiz on how to make a nest egg last in retirement. Nearly twice as many retirement-age men are able to pass, and although those numbers are still grim, this underscores the trouble women face in their own retirement knowledge.

Women’s Retirement Income Literacy Is Lower Than Men’s

July 24, 2017
By:
Lee Barney

Women at retirement age, those between the ages of 60 and 75, understand the components of retirement income far less well than men of the same age, although even men don’t grasp the topic very well, the RICP Retirement Income Literacy Survey from The American College of Financial Services found.

80% of Older Women Can't Pass This Financial Literacy Quiz

July 24, 2017
By:
Rachel Cao

Women appear to be falling behind men when it comes to basic retirement knowledge. Only 18 percent of retirement-age women were able to pass a retirement income literacy quiz, while nearly twice as many men are able to pass, according to findings from the 2017 Retirement Income Literacy Gender Differences Report.

How Did Women Score In A Basic Retirement Income Quiz?

July 24, 2017
By:
John Sullivan

Women are living longer and gaining in assets when compared with their male counterparts, yet only 18 percent of those that are retirement-age can pass a basic quiz on how to make a portfolio last in retirement.

Many Retirement-Age Women Lack Financial Literacy: American College

July 24, 2017
By:
Michael S. Fischer

A large cohort of retirement-age American women lack financial literacy, according to The American College of Financial Services’ latest RICP retirement income literacy survey. Only 18% of women could pass a basic quiz on how to make their savings last in retirement.

Know What Medicare and Medicaid Won’t Cover When it Comes to Long-Term Care

July 14, 2017

According to a RICP survey (Retirement Income Certified Professional), 70% of people 65 and older will need long-term care at some point. But of those surveyed, 82% don’t believe they’ll need it. But a critical illness can have a devastating financial impact, and these people may find themselves woefully unprepared.

Fox Business Presents Handy Reverse Mortgage Q&A

July 10, 2017
By:
Alex Spanko

“Forget downsizing or migrating to warm weather — an overwhelming number (83%) of pre-retirees and retirees today say they want to remain in their homes for as long as possible,” Fox Business writes, citing recent research from The American College of Financial Services.

What Seniors Should Know About Reverse Mortgages

July 9, 2017
By:
Casey Dowd

Forget downsizing or migrating to warmer weather, an overwhelming number (83 percent) of pre retirees and retirees today say they want to remain in their homes for as long as possible, according to a new survey from The American College of Financial Services.

Baby Boomers Fail Retirement Income Quiz

July 9, 2017

Many of the 10,000 baby boomers who are turning 65 each day are looking forward to retirement. But how many of these baby boomers, and current retirees know how to manage their savings well enough to avoid running out of money in retirement?

Pages