Research is a vital component of the vision of The American College New York Life Center for Retirement Income. We are developing original research on topics of importance in the field. Our experts also examine and evaluate research from other sources. Consumers and advisors alike can benefit from exploring the latest research highlighted on the Center's website. You will also find a compilation of resources from a variety of providers.
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Research from the New York Life Center for Retirement Income
April is designated Financial Literacy Month. It’s a time we financial educators get the spotlight to combat the lack of money know-how that’s left many people living paycheck to paycheck, with inadequate savings and out of control debt.
As important as it is for American workers to save enough for retirement—and to be sure that investments in their retirement plan are appropriate for their needs—most can’t pass a 6-question quiz designed to help Americans focus on six categories within retirement planning.
There’s a statistic that has become something of an urban legend in the financial field. It states that two-thirds of widows leave their advisors after their husbands die, but that widowers tend to stay with their advisors after their wives die.
A recent survey report released by The American College of Financial Services provides some useful insight into client behavior during a rollover,” writes Jamie Hopkins. “The ‘Defined Contribution Rollover Survey’ asked recent retirees who retired with at least $75,000 in their last employer’s 401(k) plan about what they did with their savings upon retirement.”
Financial advisers, have you and your retired clients been fretful since President Trump's election, or are you encouraged and optimistic about the future? If the answer is both, you've got plenty of company.