News & Blog Header

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 Women Don’t Know May Hurt Them In Retirement

August 25, 2017
By:
Michelle Bryan

Ladies, it’s time to get out of the car and ask for directions. Destination: Retirement. Two-thirds of women in or on the cusp of retirement are pretty sure they don’t know a lot about money planning for their twilight years, and 80 percent failed a basic quiz on managing their nest eggs.

4 Surprising Ways Millennials Are Managing Their Money Better Than Boomers

August 25, 2017
By:
Andrew Josuweit

Half the time, we hear millennials are a mess. Half the time, we hear we’re totally crushing it. The truth? Like any other generation, we’re making some smart decisions … and some that aren’t so smart. According to a recent survey by Charles Schwab, that’s the case when it comes to our financial habits too.

New Report Shows Credit Card Debt Is Hindering 401(k) Savings

August 24, 2017
By:
Jamie Hopkins

A new research report from Schwab Retirement Plan Services highlights the dangers that debt and overspending pose for retirement savings. In a recent survey of roughly 1,000 workers with access to a 401(k) plan, only half of the respondents believed they were contributing to the 401(k) plan.

DOL Rule Delay a Boon for Indexed, Variable Annuities

August 23, 2017
By:
Alex Padalka

The DOL will likely create product-specific provisions during the delay that could ease the sale of indexed and variable annuities, Jamie Hopkins, a professor in the retirement income program at The American College of Financial Services, tells the publication.

Advisors Need To Better Engage Female Clients On Retirement

August 18, 2017
By:
Brian O'Connell

A new study spotlights the uphill climb females and their financial advisors face while planning for retirement. Just 18 percent of retirement-age women are informed on how to make a nest egg last in retirement (compared to 35 percent of similarly-aged men).

Best-Interest Contract Could be Casualty of DOL Fiduciary Rule Delay

August 15, 2017
By:
Mark Schoeff Jr.

The part of the Labor Department's fiduciary rule that has heartened supporters and caused heartburn for opponents, the best-interest contract, could become a casualty of the ongoing reassessment of the rule.

The Finance 202: Stock Market to Trump: 'Fire and Fury' is 'Fire and Forget'

August 10, 2017
By:
Tory Newmyer

The Labor Department is seeking to delay the compliance deadline of the fiduciary rule by 18 months as it seeks to rework the Obama-era mandate. That would push the effective date for the rule to July 1, 2019.

SIFMA Sends DOL Study About Fiduciary Rule Effects

August 10, 2017
By:
Rebecca Moore

Professor Jamie Hopkins, Retirement Income Program co-director at the American College, said “The proposed delay was entirely expected. The delay is really more about giving the DOL time to rework the rule rather than companies really needing more time to prepare.”

DOL Fiduciary Rule: Indexed, Variable Annuities Big Winners of a Proposed Delay

August 10, 2017
By:
Greg Iacurci

Indexed and variable annuities are the biggest winners of the Department of Labor's recently telegraphed fiduciary rule delay. Sales of the products, especially indexed annuities, would arguably have been the most adversely impacted under the original timetable, which had the full regulation going into effect on Jan. 1, 2018.

Yet Another DOL Rule Delay Paves Path for Big Changes

August 10, 2017
By:
Alex Padalka

The rule’s reach could be reduced significantly if the DOL expands exemptions, although the rule itself probably isn’t going away, Jamie Hopkins, a professor at the American College of Financial Services, tells the paper. The DOL didn’t immediately make a comment to the Journal.

Pages