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.
Life insurance is a fundamental risk management tool for a secure financial lifestyle. Primarily, it functions as an income replacement insurance product during an individual’s working years. In many cases, life insurance is set up to provide financial security for family members or to pay off liabilities in the event of an untimely and premature death.
Parents in the U.S. spend a staggering $500 billion annually on their adult children — twice the amount they put into retirement savings, a new Merrill Lynch study shows. Of all the stages of parenting, the empty-nest stage — when kids are over 18 — is the most expensive.
Half of the private-sector workforce — some 58 million full- and part-time workers, according to the Pension Rights Center — is not participating in a workplace-sponsored retirement plan, a deficit that, if it continues, could quash workers’ futures and health, and strain the U.S. economy.
When it comes to long-term care insurance, retirees might be able to have their cake and eat it, too, — at least a piece. Or, perhaps I should say, they can have their cake and their heirs can eat it, too.
Millions of Americans obsess over their careers and fret about saving, terrified they won’t have enough to ever retire. The advice now being offered by some experts may surprise these worried souls: Take months or years gone to pieces from work, the world, and enjoy yourself.
Saving for retirement can be a daunting prospect — no one can be certain exactly how much money they’ll need, and market risk looms larger the closer you get to leaving the workforce. Diversifying your assets by having multiple income streams is one way to ensure a successful retirement, which is why some people turn to annuities.
In my book, “Rewirement: Rewiring the Way You Think About Retirement,” I lay out a detailed ten-step process that everyone can use while doing retirement income planning. This is also the same process that is taught to thousands of financial advisers in the Retirement Income Certified Professional education program.
No one knows how long they will live. Yet how realistic your estimate is can make or break your retirement plans. When you decide about claiming Social Security retirement benefits, one of the first questions you need to ask is how long you may live.
On Oct. 28th, more than 400 HECM professionals from 155 companies will gather in San Diego at the National Reverse Mortgage Lenders Association’s annual conference to discuss issues affecting their work.