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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.

Most Failed the Retirement Quiz, But Here’s How to Pass

May 21, 2017
By:
Sheryl Nance-Nash

If you’re lucky, you will get old. What then? Apparently too few people are asking the question and even fewer have answers. The new RICP Retirement Income Literacy Survey from the American College of Financial Services found three in four retirement-age Americans fail a quiz on how to make their nest eggs last throughout retirement.

Annuities in Retirement Income Planning

May 19, 2017
By:
David Littell

In this series of interviews, we talk with retirement income expert Curtis Cloke about using income annuities in a retirement income plan. The conversations include a discussion of the role of income annuities in retirement income planning, how Qualified Longevity Annuity Contracts (QLACs) fit into planning, and more.

New Survey Shows Retirees Want to Stay in Their Homes

May 19, 2017

An overwhelming number of people nearing or in retirement want to remain in their current home as long as possible, according to the results of a new survey released by The American College of Financial Services. The Home Equity and Retirement Income Planning Survey found that 83 percent of the respondents do not want to relocate in retirement.

Wary Borrowers Avoiding Reverse Mortgage Market

May 18, 2017
By:
Phil Hall

In May 2016, the American College of Financial Services released the results of a reverse mortgage survey. Only 14 percent of respondents said they considered pursuing this loan, while just one respondent reported to having a reverse mortgage.

Boomers Aren’t Ready for Retirement

May 17, 2017
By:
Dori Zinn

Most Americans believe they are financially prepared for retirement, according to a survey from The American College of Financial Services. As more baby boomers hit retirement age, the survey shows they don’t know as much as they think they do when it comes to finances in the golden years.

Income Illiteracy May Favor Simple Annuities

May 15, 2017
By:
Cyril Tuohy

High rates of retirement income illiteracy among people 60 or older could favor simple annuities in the future, a retirement income expert said. After all, the golden rule of investing is to avoid investing into what you do not understand.

Most Seniors Flunked a New Retirement Quiz. Could You Do Better?

May 12, 2017
By:
Walter Updegrave

Anyone wondering whether people in or nearing retirement are up to speed on creating a viable retirement income plan got an answer last week when the American College of Financial Services released the results of its Retirement Income Literacy Quiz.

Failing at Retirement: 11 Mistakes Baby Boomers Are Making

May 12, 2017
By:
Megan Elliott

Boomers, you get an F. Roughly 3 out of 4 people between the ages of 60 and 75 could not pass a quiz on basic retirement income concepts. That’s the conclusion of the 2017 Retirement Income Literacy Survey by the American College of Financial Services.

Retire With MONEY: Focus on What You Can Control

May 12, 2017
By:
Karen Damato

Nearly 75% of people ages 60 to 75 got a big fat F on a recent online quiz on “retirement income literacy,” contributor Walter Updegrave reports.

Help Your Clients Learn About Retirement Income Planning

May 12, 2017
By:
David Littell

The 2017 RICP® Retirement Income Literacy Survey once again reminded us that consumers do not know a lot about retirement income planning. Encourage your clients to watch these videos made for consumers in which Anna Rappaport talks about three important retirement concerns.

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