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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.

Women Report More Financial Stress About Retirement Savings Than Men

September 14, 2017
By:
Jamie Hopkins

A new report by MassMutual raises questions about the current effectiveness of retirement savings initiatives and programs in the United States, as the overwhelming majority of respondents, roughly 72 percent, agreed that they are not saving enough for retirement.

Stock-Market Highs Pose Vexing Questions for the Soon-to-Be Retired

September 14, 2017
By:
Lucinda Shen

Last November, expecting stock markets to fall off a cliff if Donald Trump were elected President, David Littell, a 64-year-old retirement expert, uncharacteristically panicked and sold off his stock holdings.

The Coming Retirement Savings And Income Crisis (Article 7 Of 10)

September 13, 2017

The American College for Financial Services conducted a 2017 survey in February-March 2017 of 1,244 Americans. The sample population had to be between ages 60-75, and must have had over $100,000 of assets excluding their principal residence.

ReverseVision Experts Available to Discuss HUD Changes to HECM Reverse Mortgage Program

September 12, 2017

The following ReverseVision experts, whose expertise on the Home Equity Conversion Mortgage (HECM) ranges from HUD guideline interpretation to market analysis to education, are available for interviews regarding HUD’s planned changes to the HECM program.

Trump Dampens ETF Market Optimism

September 10, 2017
By:
Attracta Mooney

Like many of Barack Obama’s big ideas, the fiduciary rule had ardent backers as well as fervent opponents. “It’s a very simple principle,” the then US president said when setting out his plans in 2015. “You want to give financial advice, you’ve got to put your client’s interests first.”

Women in Insurance & Financial Services Hosts National Conference in Minneapolis

September 9, 2017

More than 400 professionals representing the insurance and financial services profession will meet in Minneapolis, Minnesota at the Hilton Minneapolis, October 25 - 27 for the 30th annual WIFS National Conference. This year's conference, Dream It Achieve It, will celebrate the impact that WIFS is making in the industry.

Financial Planners Continue to Dispute CFPB Report on Reverse Mortgages

September 7, 2017
By:
Alex Spanko

Major upcoming changes to the reverse mortgage program may have dominated industry headlines over the past week, but financial planners have continued to respond to another Home Equity Conversion Mortgage story: a Consumer Financial Protection Bureau report that warns against using the products to delay Social Security payments.

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.

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