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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.

Researchers Look into Reverse Mortgage Crystal Ball

October 1, 2017
By:
Alex Spanko

By the time you’re reading this, it’ll be too late for reverse mortgage borrowers to complete the process — from counseling to application to case number — ahead of the October 2 roll-out of lower principal limits and higher mortgage insurance premiums for certain applicants.

Help Women Raise Their Retirement Income Literacy

October 1, 2017
By:
Jocelyn Wright

At one point or another, we financial professionals all have used the phrase: “If you fail to plan, you plan to fail.” This is especially true when it comes to retirement planning, as it is one area of life where failure is not an option. We only get one shot and there are no retakes.

The One Solid Lie Behind The Trump Tax Plan

September 29, 2017
By:
John Wasik

Jamie Hopkins, Professor of Taxation at the American College of Financial Services, added: "Tax cuts can trigger economic growth. However, history does not show any evidence that tax cuts pay for themselves via growth."

Using a Reverse Mortgage to Delay Social Security: Does it Make Sense?

September 28, 2017
By:
Mark Miller

Delaying your Social Security benefit claim offers one of the best routes to higher retirement income - annual benefits increase 8 percent for every 12 months that you delay from age 62 to 70. But the strategy often comes with a challenge: how to meet living expenses while you wait?

What Trump’s Tax Reform Plan Could Mean for Your Wallet

September 27, 2017
By:
Miranda Marquit

Now that Republicans have admitted defeat on “repeal and replace,” attention is turning toward tax reform, which has been one of President Donald Trump’s priorities. In a speech today in Indiana, he laid out a framework for his tax plan — one he hopes Congress will adopt.

Seniors Scramble to Beat Reverse Mortgage Deadline

September 26, 2017
By:
Mary Beth Franklin

HUD's Office of Housing Counseling sent an email late last week to all approved Home Equity Conversion (HECM) counselors asking about their current workload and their potential availability to take on additional clients before the October 2 deadline.

Reverse Mortgage Must-Reads: MMI Fund’s Fate, AAG Moves Forward

September 22, 2017
By:
Alex Spanko

Writing in Forbes, longtime HECM proponent Jamie Hopkins characterizes the hand-wringing over the new reverse mortgage rules “an initial overreaction,” noting some potential benefits.

Reverse Mortgages Rules To Change Positively And Negatively For Retirees

September 21, 2017
By:
Jamie Hopkins

A number of recent articles stated that the government’s new reverse mortgage changes (Mortgagee Letter 2017-12) will make the program less attractive to borrowers. However, this might have been an initial overreaction.

Baby Boomers Fear 2007 Financial Crisis Ruined Their Retirement Plans

September 19, 2017
By:
Ryan Lynch

For many Boomers, there is a false confidence in their ability to save for the future. The American College of Financial Services found that 20 percent of Americans making under $1 million were financially literate about their savings.

21 Important Questions to Ask Yourself Before Deciding to Retire

September 14, 2017
By:
Cameron Huddleston

One of the most important decisions you have to make in retirement is where you will live, said Jamie Hopkins. “Research from The American College of Financial Services has shown that most Americans want to live in their current home for as long as possible in retirement and age in place,” he said.

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