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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.

If You Failed that Online Financial Quiz, Relax and Don’t Sweat Your Score

May 17, 2019
By:
Jill Cornfield

Nobody likes to get a poor grade. But those online “test-your-financial-literacy quizzes can be irresistible. They’re short. You think you’ll do pretty well. Then, wham. You failed. How bad should you feel? Probably not very.

The Huge Tax Break Retirees Might Not Know About

May 12, 2019
By:
Karen Hube

Many retirees were handed a huge tax break under the new tax law—but they don’t even know it. People who have retired, but still pull down some income on a contract or freelance basis, might be eligible to take advantage of one of the centerpieces of the Tax Cuts & Jobs Act of 2017.

An Old Tax Dodge for the Wealthy Is Making a Comeback

May 5, 2019
By:
Karen Hube

Advisors are dusting off an old tax-savings strategy after it got an enormous boost under the new tax law, enabling taxpayers to wipe out massive potential tax obligations on appreciated assets.

5 Retirement Planning Wrinkles for Couples With Big Age Gaps

April 30, 2019
By:
Eleanor Laise

Much of the standard retirement advice may not work for age-gap couples. “You have to throw away the playbook that you would use for a couple retiring at a similar age,” says Steve Parrish, director of the retirement income center at The American College.

The 60/40 Portfolio Is Dead for Retirement Planning

April 23, 2019
By:
Rebecca Lake

Getting your asset allocation right is one of the fundamental rules of building a portfolio. Being over- or underweight in a specific asset class could skew your returns or increase your risk. A 60/40 portfolio, which divides assets between equities and fixed income, is a classic approach to allocation.

The American College of Financial Services Appoints Wade Pfau as Director of the Retirement Income Certified Professional® (RICP®) Designation Program

April 9, 2019

The American College of Financial Services today announced that Wade D. Pfau, PhD, CFA®, has been named Director of The American College's leading Retirement Income Certified Professional® (RICP®) Program. Pfau will also now serve as Co-Director of the New York Life Center for Retirement Income, joining Steve Parrish, JD, RICP®, as Center Co-Director.

Bigger 401(k) Contributions Are Easier for Empty Nesters

April 8, 2019
By:
Chris Farrell

Looked at your 401(k) statement lately? Your investment accounts are probably doing well overall, but the total still seems too small to maintain your lifestyle in retirement. You know you should have saved more in your 20s and 30s, but it wasn’t easy with a layoff, two kids, buying a home, and taking vacations.

Interest Rates are Staying the Same in 2019

April 8, 2019
By:
Jean Chatzky

Recently, the Federal Reserve announced that the federal funds rate — its benchmark short-term interest rate — would remain unchanged for the remainder of 2019. Forgoing previous plans to deliver two additional rate hikes this year, instead rates will stay in the 2.25% to 2.5% range.

Pension Puzzles that Need Urgent Attention in Kenya

April 1, 2019
By:
Arth Shah

Money is a word that resonates well with you and saving is a word that your parents, teachers or relatives always (probably) talk to you about while pension or retirement is a word that you probably don’t take seriously (or you do, if you are ready to retire).

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.

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