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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.

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.

What Women Don’t Know May Hurt Them In Retirement

August 25, 2017
By:
Michelle Bryan

Ladies, it’s time to get out of the car and ask for directions. Destination: Retirement. Two-thirds of women in or on the cusp of retirement are pretty sure they don’t know a lot about money planning for their twilight years, and 80 percent failed a basic quiz on managing their nest eggs.

4 Surprising Ways Millennials Are Managing Their Money Better Than Boomers

August 25, 2017
By:
Andrew Josuweit

Half the time, we hear millennials are a mess. Half the time, we hear we’re totally crushing it. The truth? Like any other generation, we’re making some smart decisions … and some that aren’t so smart. According to a recent survey by Charles Schwab, that’s the case when it comes to our financial habits too.

New Report Shows Credit Card Debt Is Hindering 401(k) Savings

August 24, 2017
By:
Jamie Hopkins

A new research report from Schwab Retirement Plan Services highlights the dangers that debt and overspending pose for retirement savings. In a recent survey of roughly 1,000 workers with access to a 401(k) plan, only half of the respondents believed they were contributing to the 401(k) plan.

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