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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.

What's Your Retirement IQ?

February 4, 2015
By:
Jill Schlesinger

Are Americans in good shape or bad shape when it comes to retirement? It depends on which research report you read. According to a retirement savings analysis from Fidelity Investments, the 2014 year-end average 401(k) balance was $91,300, a record high and up two percent from 2013.

Why Annuity Sellers are Fighting for Your IRA

February 3, 2015
By:
Stan Haithcock

When “qualified longevity annuity contracts” were approved on July 1, 2014, the war for other annuity product types to receive "QLAC inclusion" began within the annuity industry for a share of this potentially huge market.

Retirees: Are You Spending Too Much?

February 3, 2015
By:
Christine Benz

How much can you spend in retirement without outliving your money? It's one of the most fundamental questions confronting anyone who's retired--or getting ready to. But it's a head-scratcher for many, according to a survey from the American College of Financial Services.

The Puzzler #46: Fortune 1000 Companies

February 2, 2015
By:
John Kador

A recent quiz demonstrated that the retirement income IQ of most Americans is inadequate. Of the 1,000 people tested—aged 60 to 75 with at least $100,000 in assets—not one scored an “A” (getting more than 90 percent of the items right). In fact, most of the respondents got less than 60 percent right.

Americans Overconfident and Unprepared for Retirement

February 1, 2015
By:
Jamie Hopkins

A retirement crisis has been brewing in the U.S. for years. Today, Americans are underfunded for retirement by anywhere from $5 trillion to $14 trillion. While this huge retirement savings shortfall is concerning, new research highlights an even more troubling point: Americans know very little about retirement planning.

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.

Winging it in Retirement?

January 22, 2015

Saving should be the centerpiece of any retirement plan today. But a new survey indicates that many Americans on the cusp of retiring have given little thought to the other key issues they’ll face in retirement.

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.

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.

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