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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.

4 Reasons To Start Using A Roth IRA In 2018

December 21, 2017
Jamie Hopkins

If you want a more secure financial future and retirement, it is time to consider using a Roth IRA. Unfortunately, most people don’t. Roth IRAs remain a vastly underutilized retirement savings and investment vehicle. Instead, most people tend to rely on a traditional IRA or 401(k) account.

Tax Bill Impacts Provisions of ERISA Plans

December 21, 2017
Lee Barney

The tax bill currently awaiting President Trump’s signature does not fundamentally change the tax breaks retirement plan participants receive, according to a law alert that The Wagner Law Group issued. However, the Tax Cuts and Jobs Act does make some changes to ERISA plans, including 529 college savings plans, and nonqualified deferred compensation (NQDC) plans.

Advisers Fear Private Equity's Reach into VAs

December 20, 2017
Greg Iacurci

Financial advisers have expressed alarm over recent reports of insurers looking to offload large blocks of variable annuities to private investors. "When private equity is interested it's because they think they see an opportunity no one else is seeing, or at least have the capital to put together a deal other people don't," said Jamie Hopkins.

Why Women Must Step up Their Financial Knowledge

December 19, 2017
Suzanne Mitchell

Women have all the skills and capabilities to become equal or even be greater than men in many aspects of life, including money matters or financial knowledge. According to a study this year, 80 percent of older women between 60 and 75 years old fail at a simple financial literacy test which includes basic knowledge on managing retirement.

Quarter of Seniors Open to Reverse Mortgages, Other Equity Release Strategies

December 18, 2017
Alex Spanko

Pointing to a paper he published in the Journal of Financial Planning, professor Jamie Hopkins took to Investopedia to lay out key ways that seniors could use their home equity in retirement — including the Home Equity Conversion Mortgage option.

Americans are Financially Sick

December 18, 2017
Shannon Cornelison-Brown

Over the last three months, Americans nationwide have opened their news source to find at least one article published daily on the proposed tax overhaul. And while the projected tax reform has spurred an abundance of articles detailing different elements of the tax reform plan, a common theme consistently remains as the basis of these writings.

5 Best Practices for Using Housing Wealth in Retirement

December 15, 2017
Jamie Hopkins

Housing wealth represents U.S. retirees’ largest asset. For the average 65-year-old couple, home equity represents about two-thirds of their total wealth. The only other potentially more important retirement asset is Social Security, since it functions as the main source of retirement income for most retirees.

Are You One of the 58% of Americans Who Do This Around the Holidays?

December 14, 2017
Ismat Mangla

Asked what emotions are related to holiday shopping, 43% of survey recipients said excitement. But about a third of all respondents also said they associated stress with holiday shopping and nearly two-thirds of Americans agreed that holiday shopping puts a strain on their finances.

As Bitcoin Euphoria Spreads, Other Cryptocurrencies Surge

December 13, 2017
Ed Silverstein

Interest in digital and cryptocurrencies is surging as the massive price jumps in Bitcoin fuel visions of huge profits. The cryptocurrency market capitalization surpassed $500 billion this week, with Bitcoin hitting $17,000, up more than 50%, from $11,000 at the beginning of last week.

What to Buy Recent Retirees to Transform Their Quality of Life

December 9, 2017
Alessandra Malito
Jacob Passy

For many people, it’s increasingly difficult to buy gifts for their parents as they get older. But when your parents retire, there’s a whole bunch of things they’ll potentially need. Retirees may find themselves moving or redecorating their homes, spending more time on a hobby or trying a new type of work.