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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.

Reverse Mortgages Under Fire Again

September 6, 2017
By:
Mary Beth Franklin

The Consumer Financial Protection Bureau (CFPB) issued a new report warning seniors against using a reverse mortgage as an income bridge to delay collecting Social Security benefits. While the report rightly points outs the potential risks of reverse mortgages, it demonstrates little understanding of the nuances of Social Security claiming strategies and overstates the typical cost of a reverse mortgage in today's marketplace.

Four Shocking Gaps in the New DOL Fiduciary Rule

September 6, 2017
By:
Dorianne Perrucci

The new fiduciary rule from the Department of Labor (DOL) takes full effect in July, 2019. (The deadline was recently extended from January, 2018.) The rule insists that a financial advisor must act within a client’s best interest, rather than in his or her own.

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.

Retirees, Schedule an Insurance Audit

September 1, 2017
By:
Eleanor Laise

A sound retirement plan is like a well-built house: Your savings form a solid foundation; retirement accounts are spacious rooms furnished with a balanced mix of stocks and bonds; Social Security and other guaranteed income provide insulation; and life, long-term-care and other insurance policies keep the rain out.

Comparing Asset Allocation Approaches in Retirement Income Planning

September 1, 2017
By:
Veronica Lu

An important issue in retirement income planning is choosing and adjusting the retirement portfolio’s asset allocation over time. In these three video interviews, Professor David Littell and Dr. Wade Pfau discuss three approaches to adjusting asset allocation.

A Retirement Portfolio for Clients Who Can’t Retire

September 1, 2017
By:
Brian O'Connell

More and more financial advisors are grappling with clients who haven’t saved much for their postcareer years — and who plan to continue working in retirement, given their need for income. That creates an interesting — and challenging — dilemma for money management professionals.

Our Consumer Financial Watchdog Misses the Mark on Social Security

August 29, 2017
By:
Jamie Hopkins

The Consumer Financial Protection Bureau (CFPB) released a new report on Social Security and reverse mortgages that is filled with inaccuracies and misleading information, completely missing the mark in helping Americans better understand how to achieve a financially secure retirement.

Retirement Researcher Questions CFPB’s Reverse Mortgage Warning

August 29, 2017
By:
Alex Spanko

The Consumer Financial Protection Bureau took a major swing at an emerging use for the reverse mortgage last week, releasing a study that showed the costs might outweigh the benefits achieved by using the proceeds to delay Social Security payments. But one prominent retirement researcher disputed those findings with a Tuesday article in Forbes.

The Fiduciary Duty Football

August 28, 2017
By:
Jake Zamansky

The new fiduciary duty rule, one of the most important developments in investor protection in decades, is bouncing awkwardly around Washington like a football after its kickoff. Where will it land? And with the Republicans in control of the nation’s capital, will anyone pick it up and race across the goal line for investors?

CFPB Releases Misleading Report On Social Security Deferral Strategies

August 28, 2017
By:
Jamie Hopkins

The Consumer Financial Protection Bureau released a new report on Social Security and reverse mortgages that is so limited in scope and riddled with inaccurate statements that it likely does more harm than good.  The report takes a blunt swipe at using home equity through a reverse mortgage to support deferral of Social Security benefits.

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