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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.

Are You Retirement Planning-Literate?

January 22, 2015
By:
Meghan Streit

A recent survey conducted by The American College of Financial Services found that many older adults have a flimsy understanding of retirement planning concepts like the “4%” rule, the relationship between interest rates and bond values, average life expectancy, and what should be included in a comprehensive retirement plan.

A Recipe for Future Retirement Security

January 22, 2015
By:
Mary Beth Franklin

When the American College of Financial Services released the results of its first-ever “Retirement Income Literacy Survey” last December, I dutifully reported the astounding results: Just 20% of retirement-age Americans can pass a basic quiz on how to make their nest eggs last throughout retirement.Then I took the 38-question quiz.

Exactly How Bad Are Americans at Planning for Retirement?

January 13, 2015
By:
Chris Metinko

While many Americans can’t wait to retire, most are bad at planning for post-work life. A new Retirement Income Literacy Survey from The American College of Financial Services shows just 20% of retirement-age Americans can pass a basic quiz on how to make their savings last through their golden years.

Getting Paid To Wait: Increase Your Social Security Benefits

January 12, 2015
By:
Jamie Hopkins

Patience is a virtue, especially when it comes to retirement planning. Far too many people act impatiently when making retirement planning decisions. One area of retirement planning where there can be a clear economic gain by being patient is with claiming Social Security benefits.

New Year’s Considerations for Retirement Planners

January 12, 2015
By:
David LaMartina

As usual, this new year will see a few updates to some of your clients' most important retirement programs. Social Security's cost of living adjustment will boost benefits by 1.7 percent, the 401(k) contribution limit will increase from $17,500 to $18,000, and a few of the largest Medicare Part D drug plans may raise their premiums.

Illinois Enacts Automatic IRAs; Is Federal Mandate Coming?

January 7, 2015
By:
Jamie Hopkins

Automatic enrollment for Roth IRAs might soon be a reality in Illinois as Governor Pat Quinn signed legislation enacting the Illinois Secure Choice Savings Program (SCSP) into law on January 4, 2015. However, the program will not become effective until at least July 2017.

Can You Pass This Retirement Planning Quiz?

January 1, 2015

See how well you do on the RICP® Retirement Income Literacy Survey.

Stretching Your Nest Egg for a Comfortable Retirement

December 29, 2014
By:
Gail MarksJarvis

Are you ready for retirement? I'm not talking about the feeling that you'd like to chuck your job or the daily grind of commuting. Rather, do you know if you have enough money to retire and how to stretch what you've saved so the money lasts?

4 Key Steps to Get Ready to Retire

December 27, 2014
By:
Diana Pierce

Are you looking to retire in the next couple of years? Unfortunately, a recent study shows 80 percent of seniors got a failing grade when quizzed on key financial topics. Still, it's never too late to go back to school for your finances.

How Much Do You Know About Retirement?

December 27, 2014

If you took a test on retirement today, would you pass with flying colors or be sent back a grade? If you think you’d flunk, you’re not alone: 80 percent of Americans who took a basic quiz recently scored an embarrassing “F.” Workers are increasingly on their own when it comes to making financial decisions.

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