News & Blog Header

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.

Trump’s Newest Ban: Implementing the DOL Fiduciary Rule

February 24, 2017
By:
Jennifer Kelly

The DOL fiduciary rule, which requires financial advisors to make sure that all decisions regarding client retirement accounts are made in the investor’s best interest, has taken a long and winding path towards implementation, surviving seven years of comment period, three lawsuits and continued opposition from some sectors of the financial services industry.

Dodd-Frank Repeal Battle Parallels Fiduciary Fight

February 22, 2017
By:
John Manganaro

Many in the retirement plan advisory industry are closely watching the Trump administration’s effort to repeal the Department of Labor’s (DOL) fiduciary rule, but the wider financial services community is clearly focused on the related effort to attack the Dodd-Frank reforms.

5 Long-Term Care Planning Lessons From 'Willy Wonka And The Chocolate Factory'

February 14, 2017
By:
Jamie Hopkins

Recently, a close family friend emailed me about his long-term care insurance policy, expressing his frustration over yet another premium increase. The discussion brought to my mind one of the most powerful and iconic scenes in children’s literature. I am referring to Willy Wonka and The Chocolate Factory (or Charlie and The Chocolate Factory).

New Thinking About Reverse Mortgages

February 13, 2017
By:
Jeff Brown

Rising interest rates could make reverse-mortgage lines of credit more appealing to younger retirees. A reverse mortgage is a type of loan taken against equity in a home, available to borrowers who are at least 62.

WSJ: Reverse Morgage Credit Lines Appealing to Younger Borrowers

February 13, 2017
By:
Alex Spanko

Reverse mortgage credit lines are becoming more and more attractive to younger borrowers amid the specter of rising interest rates, a Wall Street Journal article published today claims. The story features quotes from multiple financial advisors and retirement experts.

Be Wary When Giving Investment Advice to Clients

February 13, 2017
By:
Jamie Hopkins

In April 2016, the Department of Labor (DOL) finalized its long-awaited conflict of interest rule and related prohibited transaction exemptions, expanding the definition of fiduciary "investment advice" under the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code.

Dodd-Frank Repeal Could Lead to Big Changes for Indexed Annuities

February 6, 2017
By:
Greg Iacurci

President Donald Trump's executive order to review the Dodd-Frank financial reform law could wind up complicating the indexed annuity market for insurers and distributors. Dodd-Frank, signed into law in 2010 under the Obama administration, contained a provision known as the Harkin Amendment, which guaranteed indexed annuities would continue to be regulated as insurance products, rather than securities products like variable annuities.

401(k) Rollover Considerations

February 5, 2017

A recent survey report released by The American College of Financial Services provides some useful insight into client behavior during a rollover,” writes Jamie Hopkins. “The ‘Defined Contribution Rollover Survey’ asked recent retirees who retired with at least $75,000 in their last employer’s 401(k) plan about what they did with their savings upon retirement.”

Why the Fiduciary Rule for Retirement Savers is Here to Stay

February 5, 2017
By:
Sandra Block

In keeping with his deregulatory agenda, President Trump issued an executive order Feb. 3 delaying implementation of the fiduciary rule for brokers that offer financial advice to investors with retirement accounts. The rule was slated to go into practice April 10, but Trump ordered the Department of Labor to conduct further analysis.

Trump Orders Review of Dodd-Frank, Repeal of Fiduciary Rule (GS)

February 3, 2017
By:
Deborah Dsouza

President Donald Trump signed an executive order on Friday that directed the Treasury Secretary to review and restructure financial regulations. He also signed a memorandum instructing the Department of Labor to delay the implementation of a rule extending fiduciary responsibility to retirement advisors.

Pages