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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.

5 Key Moves That Can Help Boost Your 401(k) Savings

November 3, 2018
Penelope Wang

You'll be able to sock away more money in your 401(k) next year, so now's a good time to make sure your retirement goals are on the right track. The Internal Revenue Service announced this week that the maximum amount you can contribute to a 401(k) rises to $19,000 in 2019, up from $18,500 this year.

22 Costs and Challenges of Relocating for Retirement

October 31, 2018
Mia Taylor

When it comes to retirement, minimizing living expenses is a key part of making a nest egg last for as long as possible. Quite often, that effort involves relocating to a cheaper part of the country (or the world), where everything from taxes to housing costs and even food may be less expensive.

New Court Ruling Could Put Retirement Assets from a Divorce at Risk in Bankruptcy

October 30, 2018
Greg Iacurci

Financial advisers should reconsider how they treat retirement assets clients acquired during a divorce, following a recent lawsuit that puts them at risk during a bankruptcy, according to tax and estate experts.

Cryptocurrencies Won't Replace Currencies: They Will Replace Stock Exchanges

October 29, 2018

Over the last year and a half, there has been an irrational surge in initial coin offerings (ICOs). Many of these ICOs were not bringing anything new or valuable to the table, but just riding the wave of publicity that popular cryptocurrencies like Bitcoin, Ethereum and Litecoin have garnered.

Experts Tout Benefits of Reverse Mortgages to Financial Planners

October 25, 2018
Maggie Callahan

As finances are uncertain for many approaching retirement, reverse mortgages are an ideal shock absorber for the many potential shocks once a senior stops working, financial experts conveyed to an audience of financial planners Wednesday.

Will You Be The Mega Millions Winner?

October 23, 2018
Julie Jason

Since this is Retirement Security Week, you may be thinking of buying a Mega Millions Lottery ticket to secure your retirement. One in five Americans have no retirement savings at all and one in three Baby Boomers have retirement savings of less than $25,000 according to the 2018 Planning and Progress Study commissioned by Northwestern Mutual.

Should You Use Home Equity to Delay Social Security?

October 15, 2018
Jessica Guerin

For some time, reverse mortgage lenders touted a strategy that involves obtaining a HECM early on in retirement in order to delay taking Social Security, therefore maximizing the benefits you can receive.

How to Manage Paying for Retirement Housing

October 10, 2018
Robyn A. Friedman

Many older adults worry about the cost of senior housing—and with good reason. Seniors who want to want to move out of their existing homes to communities with more services have several options—but they can be pricey.

Hybrid Life Insurance Policies Increasingly Popular As Long-Term Care Funding Strategy

October 10, 2018

While traditional stand-alone long-term care insurance (LTC) products have seen a drop in popularity in the past several years as a result of companies leaving the marketplace and of spiraling policy premiums, life insurance-backed long-term care financing strategies have experienced tremendous growth.

What are Proprietary Reverse Mortgages, and are They Available to New Yorkers?

October 10, 2018
Donna M. Airoldi

A new wave of reverse mortgage products has been hitting the market. They’re known as propriety reverse mortgages, but you might also see them called private or jumbo reverse mortgages, and they differ from typical Home Equity Conversion Mortgage products in that they allow for larger loan amounts and are not insured by the Federal Housing Administration.