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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.

5 Biggest Retirement Planning Changes for 2015

December 8, 2014
By:
Jamie Hopkins

Retirement planning can be extremely difficult as individuals are tasked with planning for an uncertain time period. In many ways, retirement planning is like trying to shoot a moving target in the wind. Each and every year new legislation, court cases, and market conditions impact retirement planning and 2014 was no different.

Clients Overconfident About Retirement Plan Knowledge

December 8, 2014
By:
Mark Miller

Your clients probably think they know more about how their retirement plan works under the hood than they really do. That’s a key finding of a quiz of more than 1,000 60- to 75-year-olds on retirement income, administered by the American College of Financial Services.

How Women Can Protect Assets From Unexpected Divorce and a Lower Standard of Living in Retirement

December 8, 2014
By:
Juliette Fairley

Real Housewives of Beverly Hills Star Brandi Glanville was nearly broke with no credit four years ago when her husband Eddie Cibrian left to marry singer LeAnn Rimes. Glanville reportedly could not lease a house or car and has since been building her credit.

Retirement News: The Week in Review

December 5, 2014
By:
Robert Powell

A large majority (80%) of retirement-age Americans received failing grades after taking a basic quiz on how to make their nest eggs last throughout retirement, according to the American College of Financial Services. A recent survey from the organization revealed the well-known 4% rule is a complete mystery to seven in 10 Americans.

How’s Your Retirement Literacy?

December 5, 2014
By:
Phil Cannella

Would you rather be confident—but ultimately wrong—or admit you need the specialized expertise that could save your retirement? It’s not unusual to see studies showing a lack of retirement know-how among working Americans. But researchers figured when they narrowed the pool of respondents to those currently in or near retirement age, the results would improve.

The Search for Income in Retirement

December 4, 2014
By:
Ruth Davis Konigsberg

There are three components to retirement planning: accumulation, investment, and managing for income. And while we are usually more fixated on “the number” on our balance sheet, the bigger challenge is ensuring that a retirement portfolio can generate enough steady money as we live out our days.

Flunking Retirement Readiness, and What to do About it

December 4, 2014
By:
Mark Miller

Imagine boarding a jet and heading for your seat, only to be told you’re needed in the cockpit to fly the plane. Investing expert William Bernstein argued in a recent interview that what has happened in our workplace retirement system over the past 30 years is analogous.

5 Things You Need to Know Wednesday

December 3, 2014

A new survey released Wednesday by the American College of Financial Services finds 80% of Americans ages 60 to 75 failed a retirement income literacy test. Only 2 in 10 had passing grades, the college said.

What's Your Retirement IQ? For Most, it's Lousy

December 3, 2014
By:
Rodney Brooks

In survey after survey, Americans have not scored well on retirement literacy tests. But a new survey of Americans ages 60 to 75 says 80% failed a retirement income literacy test. The results of the poll, released today by the American College of Financial Services in Bryn Mawr, PA, are pretty dismal.

Many Lack Basic Retirement Income Knowledge

December 3, 2014
By:
Noel Couch

A recent survey from The American College revealed the well-known “4% rule” is a complete mystery to seven in 10 Americans, and a majority of people age 60 to 75 with at least $100,000 in assets lack important knowledge in areas such as life expectancy, Social Security, long-term care needs, investment risk, and more.

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