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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.

Taming The Inflation Risk In Annuity Payouts

June 17, 2019
Steve Parrish

People don’t understand annuities. They often confuse how annuities are used, how they work, and how they are taxed. In fact, research commissioned at The American College of Financial Services found that while consumers often hear about and have had annuities recommended to them, almost none of those surveyed understood the specifics of annuities.

3 Reasons Baby Boomers Are Behind on Retirement Savings

June 14, 2019
Dori Zinn

“More and more Americans are retiring but so few understand basic facts and strategies when it comes to ensuring that their retirement is a comfortable one,” says David Littell, a retirement expert.

This Business Tax Benefit Is Really A Retirement Planning Solution

May 29, 2019
Steve Parrish

Retail companies sometimes sell additional product by placing their wares in more than one location. At grocery stores, pita bread may appear both in the bread section and near the cold cuts. Candy shows up in the candy aisle, but also near checkout. This is a concession to the fact that people have different ways of classifying the products they choose to buy.

If You Failed that Online Financial Quiz, Relax and Don’t Sweat Your Score

May 17, 2019
Jill Cornfield

Nobody likes to get a poor grade. But those online “test-your-financial-literacy quizzes can be irresistible. They’re short. You think you’ll do pretty well. Then, wham. You failed. How bad should you feel? Probably not very.

The Huge Tax Break Retirees Might Not Know About

May 12, 2019
Karen Hube

Many retirees were handed a huge tax break under the new tax law—but they don’t even know it. People who have retired, but still pull down some income on a contract or freelance basis, might be eligible to take advantage of one of the centerpieces of the Tax Cuts & Jobs Act of 2017.

An Old Tax Dodge for the Wealthy Is Making a Comeback

May 5, 2019
Karen Hube

Advisors are dusting off an old tax-savings strategy after it got an enormous boost under the new tax law, enabling taxpayers to wipe out massive potential tax obligations on appreciated assets.

5 Retirement Planning Wrinkles for Couples With Big Age Gaps

April 30, 2019
Eleanor Laise

Much of the standard retirement advice may not work for age-gap couples. “You have to throw away the playbook that you would use for a couple retiring at a similar age,” says Steve Parrish, director of the retirement income center at The American College.

The 60/40 Portfolio Is Dead for Retirement Planning

April 23, 2019
Rebecca Lake

Getting your asset allocation right is one of the fundamental rules of building a portfolio. Being over- or underweight in a specific asset class could skew your returns or increase your risk. A 60/40 portfolio, which divides assets between equities and fixed income, is a classic approach to allocation.

The American College of Financial Services Appoints Wade Pfau as Director of the Retirement Income Certified Professional® (RICP®) Designation Program

April 9, 2019

The American College of Financial Services today announced that Wade D. Pfau, PhD, CFA®, has been named Director of The American College's leading Retirement Income Certified Professional® (RICP®) Program. Pfau will also now serve as Co-Director of the New York Life Center for Retirement Income, joining Steve Parrish, JD, RICP®, as Center Co-Director.

Bigger 401(k) Contributions Are Easier for Empty Nesters

April 8, 2019
Chris Farrell

Looked at your 401(k) statement lately? Your investment accounts are probably doing well overall, but the total still seems too small to maintain your lifestyle in retirement. You know you should have saved more in your 20s and 30s, but it wasn’t easy with a layoff, two kids, buying a home, and taking vacations.