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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.

11 Best Retirement Plans in 2019

March 22, 2019
By:
Barbara Whelehan

If you have young kids or you’re still building your career, retirement may not be top of mind at this point in your life. But someday, if you’re lucky and save on a regular basis, it will be.

Meet Our New Retirement Columnist

March 20, 2019
By:
Jamie Hopkins

In 2012, professor David Littell was spearheading the development of a new retirement income education program at The American College of Financial Services that would later become the retirement income certified professional (RICP) designation. He was looking for a professional to help him build out the program, specifically someone with a top-level degree who had experience with ERISA and taxes.

How to Deal with a Market Dip if You're About to Retire

March 19, 2019
By:
Beth Braverman

Selling your stocks is not only a bad idea in the short-term, it can pose a much bigger threat to your overall retirement — you could run out of money. “Don’t over-correct and move everything into cash,” says Steve Parrish.

Financial Literacy Awareness Can Greatly Improve

March 18, 2019
By:
Steff Chalk

Financial literacy awareness programs’ impact on retirement savings patterns seems to be headed in a positive direction. Numerous studies on financial literacy awareness conclude that such education efforts do, indeed, have a significant impact on retirement preparedness.

Americans Overwhelmingly Lack Knowledge About This Key Financial Product

March 17, 2019
By:
Maurie Backman

The scary part of retirement is not knowing whether your savings will last throughout your golden years. In fact, for many seniors, the fear of running out of money trumps that of actual death. That's why it pays to consider an annuity in the course of your financial planning for retirement.

10 of the Easiest, Most Effective Ways to Save for Retirement

February 28, 2019
By:
Alessandra Malito

Almost 75% of Americans in retirement age failed a retirement literacy quiz, according to the American College of Financial Services, which interviewed 1,200 Americans between 60 and 75 who had at least $100,000 in household assets. Less than 1% earned an A and only 5% scored a B.

2019 Roth IRA Limits: All You Need to Know

February 22, 2019
By:
Barbara Whelehan

While traditional IRAs were first introduced in the mid-1970s, the Roth IRA made its debut in 1998, courtesy of the Taxpayer Relief Act of 1997. In those days, the contribution limit for both types of IRAs was a modest $2,000 a year, though it gradually increased over the past 20 years.

Test Your Annuity Acuity: An Advanced True/False Quiz

February 6, 2019
By:
Jamie Hopkins

Despite wanting and needing more guaranteed income in retirement, many Americans are hesitant to purchase an annuity to provide that income. Some of this hesitancy is due to misconceptions around the products and how they can best be used to support a secure retirement.

How to Recreate a Defined Benefit Plan

February 4, 2019
By:
Steve Parrish

Many Americans who are contemplating retirement look back to the days when their parents or grandparents received lifetime incomes from their employers. For them, employer pensions continued for the lives of both husband and wife, and the monthly check was often adjusted upward to reflect the cost of living.

How to Open a Roth IRA

February 4, 2019
By:
Barbara Whelehan

Don’t want to be a pauper in your old age? Consider opening a Roth IRA. While you don’t get immediate tax gratification as you do in other types of retirement accounts, you end up with tax-free growth and will never have to pay any taxes if you follow the rules.

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