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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.

Boost Retirement Income with Home Equity

November 13, 2017
By:
Mary Beth Franklin

New research by Peter Neuwirth, Barry Sacks and Stephen Sacks published in the October issue of the Journal of Financial Planning documents how including home equity in the form of a reverse mortgage, with retirement savings, can maximize retirement income while minimizing the probability of exhausting all assets before the end of retirement.

Cordray Seeks CFPB Board’s Help to Spread Reverse Mortgage Warnings

November 6, 2017
By:
Alex Spanko

Multiple financial planners later disputed the CFPB’s findings, with American College of Financial Planning professor Jamie Hopkins claiming that analysis didn’t take into account the benefits of delaying Social Security in a longer-than-average retirement; the bureau based its calculations on the average lifespan of American retirees.

Proposed Tax Plan Shows Growing Generational Divide

November 2, 2017
By:
Jamie Hopkins

Today, the average American is roughly 20 years younger than their current representative in Congress. Essentially, the average age of a member of Congress has increased with each new Congress. The current Congress, the 115th, is the oldest in history with the average age of a senator being 61.

The “Comprehensive” Fiduciary Advisor: Reality, Myth or Liability?

November 1, 2017
By:
Jamie Hopkins

Financial advisors are facing real risk when they hold themselves out as a fiduciary and a compressive planner, when in fact; they might not be able to meet either of those promises. However, this risk wasn’t always as prevalent. The field of financial planning has grown and developed dramatically in the past 100 years.

Four Ways to Change 401(k) Plans for the Better

October 25, 2017
By:
Alessandra Malito

Some retirement experts are sighing with relief after President Trump on Monday assured the public that no changes were coming to 401(k) plans as part of his tax overhaul, but there are lingering questions as to what could be done to better the system so many rely on for their retirement funds.

SENIOR NEWS LINE Will Your Money Last Through Retirement?

October 25, 2017
By:
Matilda Charles

Think you have your retirement financial planning well in hand? Well, a new study shows that you might be in for a rude surprise when the time comes. The American College New York Life Center for Retirement Income commissioned a survey of retirement income planning, and the results are disturbing.

Don't Forget Secondary Market for Life Insurance

October 24, 2017
By:
Jamie Hopkins

With many Americans struggling to meet their retirement income needs, it is unfortunate that valuable assets may not be properly utilized in retirement planning. Assets like home equity and life insurance are often neglected in the planning process despite being some of the most valuable resources that retirees have in retirement.

WSJ: Standby Reverse Mortgage ‘Less Appealing’ After October 2

October 24, 2017
By:
Alex Spanko

Taking out a reverse mortgage line of credit for a rainy day may have gotten less attractive after the introduction of new principal limit factors and mortgage insurance premiums, according to a recent story in the Wall Street Journal.

New Rules Change the Math on Reverse Mortgages

October 22, 2017
By:
Jeff Brown

New federal rules that took effect Oct. 2 will raise upfront costs for some homeowners seeking a reverse mortgage, and reduce maximum loan amounts for most, raising the question: Is a reverse mortgage still worth considering?

Trusts & Estates 2017 Distinguished Author Awards

October 18, 2017

Jamie wrote this piece out of concern that attorneys weren't paying proper attention to the impact of the Department of Labor's new expanded definition of "investment advice" under the Employee Retirement Income Security Act. He wants practicing attorneys to be aware that the new rule covers advice traditionally provided by lawyers and may subject them to liability.

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