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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.

How Do Freelancers Retire? Savings Plans for Independent Professionals

June 21, 2014
James O'Brien

When we talk about retirement planning, we're often basing our conversation on the presumption of traditional employment, which comes with certain assumptions -- benefits, employer contributions, the whole works. However, retirement planning is a much different proposition for freelancers.

Could You Finance Your Retirement With a Reverse Mortgage?

June 20, 2014
Teresa Mears

The TV pitchmen make it sound like the easiest thing: Use your home equity to finance your retirement through a reverse mortgage, and stay in your home without ever making a payment. What they forget to mention is a reverse mortgage is not nearly that simple.

Insurers Claim Ponzi-Duped Hedge Fund Mislead When Obtaining Coverage

June 17, 2014

A group of insurance companies, headed by Ironshore Indemnity Inc., are seeking to void approximately $70 million of coverage granted to a hedge fund forced into bankruptcy by Scott Rothstein’s devastating Ponzi scheme.

Digital Asset Planning for Retirement -- A New Task for Financial Advisers

June 15, 2014
Jamie Hopkins

Ever wonder what happens to your favorite boutique’s online website when the owner retires, becomes incapacitated, or dies? Far too often, the answer is nothing. The site ceases to operate but remains a permanent fixture on the internet, a mere reminder of what was once your favorite shopping location.

5 Smart Business Ideas for Retirees

June 11, 2014
Sarita Harbour

Now that you've retired from your job, are you ready to seize the challenge of starting a new business? Many retirees who've been employees all of their lives get excited at the thought of running the show, and building a business that reflects their interests and values.

Has the 401k Fiduciary Unknowingly Put Employees in Peril?

June 10, 2014
Christopher Carosa

It doesn’t take a rocket scientist to see the inappropriateness of using volatility to define risk. But it’s become so ingrained in our investment management culture it’ll be almost impossible to purge it. So, instead of simply redefining  the tarnished word “risk,” will replace it with word “peril.”

3 Public Policy Changes That Could Ruin Your Retirement Plan

June 4, 2014
Jamie Hopkins

Have you ever been playing a game with friends when all of a sudden someone changes the rules in the middle of the game? This feels incredibly unfair, but you might have little or no control over its occurrence. Some proposed public policy changes might present a similar unexpected jolt to an established retirement income plan.

A 401k Fiduciary Dilemma: The Risk of Using Volatility to Define Risk

May 28, 2014
Christopher Carosa

Like the top officers in Catch-22, the leading thinkers in the financial industry have long used the elegance of statistics – specifically, standard deviation as a measure of volatility – to frame the definition of risk. It worked so cleanly on the blackboards of academia that it just had to be used in the boardrooms of America.

Asset Protection: Keep What’s Yours

May 19, 2014

Most successful business owners work hard for many years to build a company that provides for the well-being of themselves, their families, and their employees. But what happens after that? As a business owner, it’s important that you take steps to protect the assets your business has created against potential claims of creditors and other third parties.

Why Many Retired Women Live in Poverty

May 13, 2014
Melanie Hicken

Gender inequality doesn't end at the workplace. For many women, the gender gap haunts them well into their retirement years, when far more women find themselves living in poverty. In fact, women are almost twice as likely as men to live below the poverty line during retirement, with single and minority women struggling the most.