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.
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.
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.
When Chanel Reynolds was 39 and her husband, Jose Hernando, was 43, he was hit by a van while riding his bike. It smashed his upper spine and caused an immediate traumatic cardiac arrest, but he made it to the hospital with a trace of a pulse.
My grandfather always reminds me that a hamburger only used to cost him ten cents when he was young and not the few dollars it costs today. While this is a familiar story to many people, the hidden lesson is the impact of inflation over a lifetime.
Planning for retirement is a difficult challenge, especially when the future is filled with such uncertainty. One uncertain event with significant implications on a retirement plan is the date of retirement. Many people are not able to choose their retirement date due to health issues, caregiving responsibilities, and forced layoffs.
A sneak peak at some of the latest video offerings from The American College New York Life Center for Retirement Income including retirement research with Jack VanDerhei, the RICP® designation, retirement income 101 and more.