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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.

Tax Reform Is Here: 4 Moves To Make By End of 2017

December 23, 2017

Tax law changes are here. On Friday December 22, 2017, President Trump signed the bill, with most of the provisions taking effect in 2018. That leaves little time for tax planning with the holidays and two weekends before the New Year.

4 Reasons To Start Using A Roth IRA In 2018

December 21, 2017

If you want a more secure financial future and retirement, it is time to consider using a Roth IRA. Unfortunately, most people don’t. Roth IRAs remain a vastly underutilized retirement savings and investment vehicle. Instead, most people tend to rely on a traditional IRA or 401(k) account.

Forget 'Location, Location, Location' When Making Retirement Housing Decisions

December 5, 2017

When talking about real estate, you have likely heard the widely used phrase “location, location, location.” What realtors mean by this is that identical homes may have very different prices depending upon location. What this often means to home buyers is that they may have to pay more to live close to work or to be in the best school district.

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

November 29, 2017

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.

Proposed Tax Plan Shows Growing Generational Divide

November 2, 2017

Today, the average American is roughly 20 years younger than their current representative in Congress. Essentially, the average age of a member of Congress has increased with each new Congress. The current Congress, the 115th, is the oldest in history with the average age of a senator being 61.

Reverse Mortgages Rules To Change Positively And Negatively For Retirees

September 21, 2017

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.

Women Report More Financial Stress About Retirement Savings Than Men

September 14, 2017

A new report by MassMutual raises questions about the current effectiveness of retirement savings initiatives and programs in the United States, as the overwhelming majority of respondents, roughly 72 percent, agreed that they are not saving enough for retirement.

CFPB Releases Misleading Report On Social Security Deferral Strategies

August 28, 2017

The Consumer Financial Protection Bureau released a new report on Social Security and reverse mortgages that is so limited in scope and riddled with inaccurate statements that it likely does more harm than good.  The report takes a blunt swipe at using home equity through a reverse mortgage to support deferral of Social Security benefits.

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

August 24, 2017

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.

Abysmal Financial Literacy Rates For Women Are Hurting Their Retirement Security

July 26, 2017

A recent survey, the 2017 RICP® Retirement Income Literacy Report, by The American College of Financial Services, found that retirement age women lag significantly behind their male counterparts when it comes to retirement income literacy.