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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.

Can You Pass This Basic 6 Question Retirement Planning Quiz? Most Americans Can't

April 3, 2017

National Retirement Planning Week® 2017 kicks off this week, from April 3rd to April 7th. It is a national effort to help consumers better focus on their financial needs in retirement. Doing their part to help improve the retirement security of Americans this week, the New York Life Center for Retirement Income released a six-question Retirement Income Literacy Quiz.

How To Retire With 'Buckets' Of Money

March 13, 2017

One of the age old retirement questions is how much money do I need to have saved for a successful retirement? Is it $1 million? $2 million? Or even more? However, there is no magic retirement savings number.

Under President Trump's Direction DOL Moves To Delay Fiduciary Rule

March 1, 2017

The Department of Labor (DOL) announced today that it is moving forward, under the direction of President Trump, with its efforts to delay the applicability date of the new fiduciary rule, which was designed to require all financial advisors providing investment advice regarding retirement savings to act in the best interest of their clients.

5 Long-Term Care Planning Lessons From 'Willy Wonka And The Chocolate Factory'

February 14, 2017

Recently, a close family friend emailed me about his long-term care insurance policy, expressing his frustration over yet another premium increase. The discussion brought to my mind one of the most powerful and iconic scenes in children’s literature. I am referring to Willy Wonka and The Chocolate Factory (or Charlie and The Chocolate Factory).

Trump Signs Memorandum Shelving Fiduciary Standard For Financial Advisors

February 3, 2017

At about 1:30 p.m. Eastern time on Friday, February 3, 2017, President Donald Trump signed a memorandum to roll back the Department of Labor’s fiduciary rule by asking the DOL to review the rule again and likely to delay its April 10th implementation (although at the time of this article a delay has not yet occurred but it is likely coming). Why does this matter?

President-Elect Trump Is Already Impacting Retirees

January 19, 2017

With President-elect Donald Trump getting ready to take office and the stock market reaching all-time highs, how are retirees and financial advisors feeling about 2017? The American College of Financial Services released a 2017 survey that focused on how the election and all-time market highs are impacting consumers and retirement income planning.

This Is What Happens To 401(k) Assets When Americans Retire

January 5, 2017

Upon retirement, individuals must make a number of decisions within a relatively short period of time. One of the most important decisions concerns the management of assets in their employer-sponsored 401(k) retirement plan.

12 Expert Financial Planning Tips for 2017

December 22, 2016

Professor Jamie Hopkins asked 12 leading financial planners and professors at The American College of Financial Services to give their tips for helping your clients secure an optimal financial outlook. These faculty members possess in-depth knowledge in all key financial planning areas and educate thousands of financial services professionals every year.

12 Expert Financial Planning Tips For 2017

December 15, 2016

Let’s look at 12 practical tips from the leading financial planning thought leaders and professors that can help you take your 2017 financial planning to the next level, and put you on the right path to a more financially secure future.

John Hancock Withdrawing From Long-Term Care Market

November 10, 2016

John Hancock Financial, owned by Manulife Financial Corp., a Canadian firm, is pulling out of the long-term care insurance market this December. John Hancock has been one of the largest long-term care insurance providers in the United States with over 1.2 million outstanding policies.