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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.

Baby Boomers Fear 2007 Financial Crisis Ruined Their Retirement Plans

September 19, 2017
By:
Ryan Lynch

For many Boomers, there is a false confidence in their ability to save for the future. The American College of Financial Services found that 20 percent of Americans making under $1 million were financially literate about their savings.

Women Report More Financial Stress About Retirement Savings Than Men

September 14, 2017
By:
Jamie Hopkins

A new report by MassMutual raises questions about the current effectiveness of retirement savings initiatives and programs in the United States, as the overwhelming majority of respondents, roughly 72 percent, agreed that they are not saving enough for retirement.

The Coming Retirement Savings And Income Crisis (Article 7 Of 10)

September 13, 2017

The American College for Financial Services conducted a 2017 survey in February-March 2017 of 1,244 Americans. The sample population had to be between ages 60-75, and must have had over $100,000 of assets excluding their principal residence.

Money Savvy? Take This Quiz And Find Out

September 6, 2017

How “money smart” are you? A new survey from the American College of Financial Services says you’re probably not as knowledgeable as you think. The survey conducted by the nonprofit accredited college found 74% of participating Americans failed a 38-question quiz about financing retirement.

What Women Don’t Know May Hurt Them In Retirement

August 25, 2017
By:
Michelle Bryan

Ladies, it’s time to get out of the car and ask for directions. Destination: Retirement. Two-thirds of women in or on the cusp of retirement are pretty sure they don’t know a lot about money planning for their twilight years, and 80 percent failed a basic quiz on managing their nest eggs.

Advisors Need To Better Engage Female Clients On Retirement

August 18, 2017
By:
Brian O'Connell

A new study spotlights the uphill climb females and their financial advisors face while planning for retirement. Just 18 percent of retirement-age women are informed on how to make a nest egg last in retirement (compared to 35 percent of similarly-aged men).

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.

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.

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.

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