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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.

Many Retirement-Age Women Lack Financial Literacy: American College

July 24, 2017
Michael S. Fischer

A large cohort of retirement-age American women lack financial literacy, according to The American College of Financial Services’ latest RICP retirement income literacy survey. Only 18% of women could pass a basic quiz on how to make their savings last in retirement.

Panel: DOL Rule Will ‘Most Certainly’ Be Delayed

July 19, 2017
John Hilton

Phase two of the controversial Department of Labor fiduciary rule will almost certainly be delayed beyond Jan. 1, panel convened by The American College agreed today. However, panelists cautioned, that does not mean the fiduciary standard is going away.

On the Rise - Top 40 Young Lawyers

July 17, 2017

Jamie Hopkins is being honored by the American Bar Association this year as one of the top 40 young lawyers "On the Rise."

A Retirement Portfolio For Clients Who Won’t Retire

July 17, 2017
Brian O'Connell

More and more financial advisors are grappling with clients who haven’t saved much for their post-career 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.

Know What Medicare and Medicaid Won’t Cover When it Comes to Long-Term Care

July 14, 2017

According to a RICP survey (Retirement Income Certified Professional), 70% of people 65 and older will need long-term care at some point. But of those surveyed, 82% don’t believe they’ll need it. But a critical illness can have a devastating financial impact, and these people may find themselves woefully unprepared.

11 Ways to Manage the Risk of Income Shocks

July 12, 2017
Robert Powell

No one thinks an income shock — something that disrupts their earnings — will happen to them. But research from The New School for Social Research finds that almost no one is safe from periods of lost income due to a health crisis, job loss or other life transitions in their working years.

How Debt-Laden Millennials Can Invest

July 12, 2017
Dawn Reiss

Time is an investor's most valuable asset, and that's one thing millennials have. By starting early, millennials can put their savings to work earning compounding interest. Of course, that same principle of compounding interest works against you with debt, especially as interest rates climb and make revolving credit card balances, for example, even more costly.

Fox Business Presents Handy Reverse Mortgage Q&A

July 10, 2017
Alex Spanko

“Forget downsizing or migrating to warm weather — an overwhelming number (83%) of pre-retirees and retirees today say they want to remain in their homes for as long as possible,” Fox Business writes, citing recent research from The American College of Financial Services.

Baby Boomers Fail Retirement Income Quiz

July 9, 2017

Many of the 10,000 baby boomers who are turning 65 each day are looking forward to retirement. But how many of these baby boomers, and current retirees know how to manage their savings well enough to avoid running out of money in retirement?

What Seniors Should Know About Reverse Mortgages

July 9, 2017
Casey Dowd

Forget downsizing or migrating to warmer weather, an overwhelming number (83 percent) of pre retirees and retirees today say they want to remain in their homes for as long as possible, according to a new survey from The American College of Financial Services.