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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.

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.

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.”

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.

Caution Urged in Wake of DOL Rule Reprieve

February 3, 2017
By:
Cyril Tuohy

Key insurance distributors counseled agents and financial advisors to proceed with caution in the wake of President Donald J. Trump’s suspension of a fiduciary advice rule for retirement investors. The Department of Labor rule, which raises investment advice standards into retirement accounts, was scheduled to begin taking effect April 10.

Trump Signs Memorandum Shelving Fiduciary Standard For Financial Advisors

February 3, 2017
By:
Jamie Hopkins

At about 1:30 p.m. Eastern time on Friday, February 3, 2017, President Donald Trump signed a memorandum to roll back the Department of Labor’s fiduciary rule by asking the DOL to review the rule again and likely to delay its April 10th implementation (although at the time of this article a delay has not yet occurred but it is likely coming). Why does this matter?

The Best Way to Invest Money You May Not Ever Need

February 1, 2017
By:
Jennie L. Phipps

Having money sitting in an IRA that you won't need to spend anytime soon -- or maybe you'll never want to spend -- is a First World retirement problem. Yet financial advisers have answers for the well-heeled retirees who find themselves in this fortunate situation.

Feature: The Financial Planning Mission

February 1, 2017
By:
Jessica Guerin

Association conferences have featured talks from retirement income experts like Wade Pfau, who has discussed how a reverse mortgage line of credit can enhance financial planning, and Jamie Hopkins, who has offered insights on forging relationships with advisors.

Postelection, Financial Advisers, Retirees Feeling Both Fretful and Optimistic

January 30, 2017
By:
Erin Arvedlund

Financial advisers, have you and your retired clients been fretful since President Trump's election, or are you encouraged and optimistic about the future? If the answer is both, you've got plenty of company.

Holy Dow 20K and President Trump: What it Means for Your Retirement

January 27, 2017
By:
Casey Dowd

The Dow Jones Industrial Average crossed the psychological 20,000 mark on Wednesday for the first time, just days into President Trump’s first week in office. The first 100 days of a new administration have often seen Wall Street gains, but continued market strength depends on what our new president can accomplish in the next few months.

Steps 49% Of Financial Advisors Are Urging Clients To Take As Trump Takes Office

January 23, 2017
By:
Paul Katzeff

Financial advisors' retired clients worry that this new president and congress may hurt their retirement security. Are they right? The findings are in a new poll of financial advisors who specialize in retirement income, by the American College of Financial Services.

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