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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.

Five Retirement Warning Signs for Millennials

April 23, 2014
By:
Amy Fontinelle

Gen Y'ers, also known as Millennials, have been plagued by poor economic conditions that have made it difficult to get and keep a job, especially one that matches their skills and expertise. Many Millennials also face crushing student-loan debt that makes it difficult not only to save for retirement, but also to buy a house or think about starting a family.

New and Unexpected Ways to Fund Long-Term Care Expenses

April 21, 2014
By:
Jamie Hopkins

Too many people think that long-term care planning is just a decision about whether to purchase long-term care insurance. However, long-term care planning is so much more. It is a discussion about how you will fund this expense, where you will receive long-term care, and who will provide the care.

8 Ways to Hedge a Longevity Bet

April 14, 2014
By:
Jennie L. Phipps

How long will you live? It's a retirement planning question none of us can answer, but not knowing the answer is a serious retirement risk factor. Dave Littell has been studying ways to mitigate longevity risk given that the average life expectancy at age 65, according to Social Security, is 84 for men and 86 for women.

4 Ways to Maximize Your Social Security Benefits

April 13, 2014
By:
Dan Ritter

Speaking at the Morningstar Investment Conference in June, John Bogle, founder of The Vanguard Group, hit the nail on the head. Bogle, who is pretty much the father of modern retirement planning strategy, said that “Social Security’s the greatest fixed income you’ll ever get.”

Tips to Manage Spending in Retirement

April 11, 2014
By:
Paul Sullivan

Advisers put a considerable amount of effort into talking to clients about accumulating a life savings. But advisers and their clients tend to devote less thought to how to spend that money when it’s time. Some sort of conversation generally happens when clients approach retirement, but it may need to start happening earlier and become much more sophisticated.

4 Risks Lurking On the Road Through Retirement

April 11, 2014
By:
Dan Ritter

There’s no hiding that the road to retirement is both long and risky. Many Americans live paycheck to paycheck, making prudent saving effectively impossible. According to the Corporation for Enterprise Development, nearly 17 million households in the United States, 14.7 percent of the total, fall below the income poverty threshold.

Why the Stakes are Higher with Retirement Income Planning than Retirement Savings

April 10, 2014
By:
Jamie Hopkins

As National Retirement Planning Week charges ahead, the difficulties that individuals face at the various stages of retirement planning is a topic ripe for discussion. One aspect of retirement planning often underrepresented in financial planning discussions is the importance of switching from a retirement savings mindset to a retirement income planning mindset.

Create a Digital Estate Plan

April 9, 2014
By:
Jennie L. Phipps

Creating an estate plan for your digital assets could be as important as making sure that your will is up to date and you've named the right beneficiaries for your retirement accounts. "Awareness is low now. A lot of people who died in the past 10 years weren't into the digital world," says Jamie Hopkins.

20 Things That Can Ruin Your Retirement – Part II

April 8, 2014
By:
Lynnette Khalfani-Cox

In a previous column on planning for retirement, I explained the first 11 risks of 20 things that can ruin your retirement. That prior article highlighted a variety of investment risks, risks of outliving one’s resources, and risks associated with aging.

20 Things That Can Ruin Your Retirement – Part I

April 7, 2014
By:
Lynnette Khalfani-Cox

Planning for retirement often takes a backseat to today’s concerns – whether it’s paying current bills, dealing with immediate family issues or just trying to keep up with the Joneses. That’s why numerous studies show that most Americans are ill prepared for retirement: Many people in the U.S. have more credit card debt than savings.

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