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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.

4 Ways To Create Steady Retirement Income

December 4, 2017
By:
Ashlea Ebeling

Hopefully, you’ve saved for decades. Now, how do you convert your nest egg into a stream of retirement income that lasts as long as you do? It’s a pressing question. Americans have a particularly low knowledge about preserving assets and sustaining income in retirement, according to the American College of Financial Services.

Spotlight: The HECM’s Place in Retirement Income Planning

December 1, 2017
By:
Jessica Guerin

For the last several years, there has been a major industry-wide push to spread awareness among the advisor community about how reverse mortgages could be a powerful tool in retirement income planning. Reports from retirement experts like Wade Pfau, Jamie Hopkins and Barry Sacks outlined useful reverse mortgage strategies.

Bitcoin Might Be A' Bubble' But Digital Currencies Are Not

November 29, 2017
By:
Jamie Hopkins

You have likely seen some articles discussing the sudden rise in value of Bitcoin over the past year. Bitcoin has experienced a surge in value. However, the surge in attention and value has also attracted a number of critics, including Vanguard founder Jack Bogle and Nobel Prize winner Professor Joseph E. Stiglitz from Columbia University.

Filial Support Laws: “A Sleeping Giant”

November 29, 2017
By:
Susan Hoover

For those with clients who refuse to acknowledge the importance of planning for long-term health care in retirement, read on. The current median monthly cost for nursing home care in the United States runs between $7,000 and $8,200.

Here's How to Make Sure You Have a Worry-Free Retirement

November 29, 2017
By:
Walter Updegrave

When it comes to retirement security, one concern dominates all others: the fear of running through one’s nest egg too soon. That’s probably because many of us haven’t a clue how to manage this risk.

Have Annuity Sales Bottomed Out?

November 29, 2017
By:
Greg Iacurci

Annuity sales have fallen to their lowest point in well over a decade, but industry experts believe a turnaround is at hand. Sales among all annuity products in the third quarter were $46.8 billion, the first time since 2002 that quarterly sales have dipped below $50 billion, according to the Limra Secure Retirement Institute, which tracks insurance products.

How Sophisticated Advisors Incorporate Home Equity Into Retirement Planning

November 29, 2017
By:
Jay Coulter

Professor Jamie Hopkins comes on The Resilient Advisor Podcast with Jay Coulter to discuss how sophisticated financial advisors are using home equity as a tool in retirement plans.

Filial Laws Put Kids on the Hook for Parents' Health-Care Costs

November 22, 2017
By:
Greg Iacurci

State laws known as filial responsibility laws have the potential to stick unwitting family members with relatives' hefty long-term-care costs. One of the best-known examples comes from a court case in Pennsylvania, in which a man was ordered to pay $93,000 to cover his mother's outstanding debt to a nursing home.

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.

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