Here you will find the latest videos we offer.
What's New:
What are some of the efficiencies created with income annuities?
(Curtis V. Cloke, CLTC, LUTCF and David A. Littell, JD, ChFC®, CFP®)
This video discusses some of the efficiencies of using income annuities in retirement income planning and discusses a solution for the client with most of their wealth in tax-deferred plans looking to get the best use of their limited taxable assets.
What should be the retirement age?
(Kenn Beam Tacchino, JD, LLM and Steven A. Sass, Ph.D.)
We examine when people plan to retire. We learn why anchor points have fallen out of favor as a method of choosing an age to retire.
What benefits are provided under the Federal Employee Retirement System (FERS) program?
(John D. Cermak, CFP® and David A. Littell, JD, ChFC®, CFP®)
In this video, John Cermak describes in detail the defined-benefit pension benefits provided to Federal civilian employees under FERS. Besides learning about the benefits, we also learn about the key planning issues facing a FERS retiree.
Building a managed payout fund: Features and concerns
(John Ameriks, PhD and David A. Littell, JD, ChFC®, CFP®)
In this third and final video in the series on managed payout funds, John Ameriks of Vanguard discusses the issues involved in building a portfolio to support a predictable distribution stream from a managed payout fund. This video is interesting for anyone building a retirement income portfolio and determining an appropriate payout rate.
Understanding the advantages of long-term care insurance as a funding option for long-term care needs
(Debra C. Newman and David A. Littell, JD, ChFC®, CFP® and Jamie Patrick Hopkins, Esq., J.D., M.B.A.)
We discuss why long-term care insurance is a valuable retirement planning tool and can be specifically designed to address a client’s the long-term care needs. We learn about the ability of long-term care insurance to take an unpredictable personal risk and add certainty to the costs. Additionally, we examine the impact of long-term care planning on a person’s mental, financial, family, and retirement well-being.
Range of options for managed payout funds
(John Ameriks, PhD and David A. Littell, JD, ChFC®, CFP®)
In the second of three videos, John Ameriks of Vanguard discusses the different approaches investment companies have taken in constructing managed payout funds.
Deciding between a group or individual long-term care insurance policy
(Debra C. Newman and David A. Littell, JD, ChFC®, CFP®)
We discuss how to compare a group long-term care insurance policy to currently available individual polices. We learn about the benefits of employer sponsored group long-term care insurance plans, including simpler underwriting, reduced costs, and protecting insurability.
Why choose the flooring approach to retirement income planning
(Edward E. Graves and Tom Hegna and David A. Littell, JD, ChFC®, CFP®)
Tom Hegna, author of Paychecks and Playchecks, makes the case for the importance of building an income floor into a retirement income plan.
Understanding the issue: Managed payout funds
(John Ameriks, PhD and David A. Littell, JD, ChFC®, CFP®)
In the last few years, mutual fund companies have begun to offer managed payout funds which are intended to provide a single mutual fund solution for generating a predictable income stream in retirement. In this first of three interviews, John Ameriks of Vanguard discusses generally how these funds work.
How does life cycle finance theory affect retirement income planning?
(David A. Littell, JD, ChFC®, CFP® and Wade D. Pfau, PhD, CFA)
In this video, Wade Pfau discusses life cycle finance theory as it applies to retirement income planning, some of the research findings using this approach, and the types of retirement income strategies that are supported by this theory.
Investing for income in today's environment
(Colleen M. Jaconetti and David A. Littell, JD, ChFC®, CFP®)
In this interesting video with Colleen Jaconetti of Vanguard we discuss the difficulties of using an income strategy with a retirement income portfolio in today’s low yield environment. We discuss the implications of altering the portfolio to increase yields and why today a total returns approach may be the better option.
What is tactical asset allocation and why is it popular?
(David Nanigian, Ph.D. and Michael E. Kitces, MSFS, MTAX, CFP®, CLU, ChFC, RHU, REBC, CASL, CWPP™ and David A. Littell, JD, ChFC®, CFP®)
As the title implies, Kitces and Nanigian describe tactical asset allocation, why it is different than strategic asset allocation, and why it is popular in today's investment environment.
What is the risk/return paradigm for retirement income planning?
(David A. Littell, JD, ChFC®, CFP® and Walt Woerheide, PhD, CFP®)
In this video, Walt Woerheide explains the significant shift in the risk/return paradigm that occurs when an individual switches from accumulation (saving for retirement) to decumulation (taking withdrawals from the retirement income plan).
What is the net present value strategy?
(Dr. William Reichenstein, CFA and William Meyer and Kenn Beam Tacchino, JD, LLM )
We chronicle how the break-even, net present value strategy works. We learn how a real interest rate of zero affects the break-even analysis.
Uses of life insurance in retirement
(Edward E. Graves and Tom Hegna and David A. Littell, JD, ChFC®, CFP®)
Tom Hegna identifies the wide variety of ways that life insurance can fit into a retirement income plan.
Forming the client relationship with a retirement income plan
(Jonathan Guyton, CFP® and Michael E. Kitces, MSFS, MTAX, CFP®, CLU, ChFC, RHU, REBC, CASL, CWPP™ and David A. Littell, JD, ChFC®, CFP® and Kenn Beam Tacchino, JD, LLM )
We learn about clarifying what the client wants out of the relationship with the advisor when formulating an engagement to create a retirement income plan.
What products work best with the bucket approach to retirement income?
(Jonathan Guyton, CFP® and Michael E. Kitces, MSFS, MTAX, CFP®, CLU, ChFC, RHU, REBC, CASL, CWPP™ and David A. Littell, JD, ChFC®, CFP® and Craig W. Lemoine, CFP®)
We examine how to build a portfolio using the bucket approach. We analyze how a variety of products fit.
Gathering data for the retirement income plan
(Jonathan Guyton, CFP® and Michael E. Kitces, MSFS, MTAX, CFP®, CLU, ChFC, RHU, REBC, CASL, CWPP™ and David A. Littell, JD, ChFC®, CFP® and Kenn Beam Tacchino, JD, LLM )
We learn about what data to gather and communicating with the client to ensure that all relevant information is known at this crucial stage of the retirement income planning process.
What investment products should be used for the systematic withdrawal approach?
(Jonathan Guyton, CFP® and Michael E. Kitces, MSFS, MTAX, CFP®, CLU, ChFC, RHU, REBC, CASL, CWPP™ and David A. Littell, JD, ChFC®, CFP® and Craig W. Lemoine, CFP®)
We look at products planners may use for systematic withdrawals. We analyze how a variety of choices fit.
How does the flooring approach to retirement income planning work and how is this strategy executed?
(Curtis V. Cloke, CLTC, LUTCF and David A. Littell, JD, ChFC®, CFP®)
We discuss how to explain flooring to the client. We learn about essential and extra income.
Analyzing data for the retirement income plan
(Jonathan Guyton, CFP® and Michael E. Kitces, MSFS, MTAX, CFP®, CLU, ChFC, RHU, REBC, CASL, CWPP™ and David A. Littell, JD, ChFC®, CFP® and Kenn Beam Tacchino, JD, LLM )
We learn that knowing the client’s prioritized objectives is key to analyzing data for a retirement income plan.
How can Social Security claiming software be used?
(Dr. William Reichenstein, CFA and William Meyer and Kenn Beam Tacchino, JD, LLM )
We analyze when to claim Social Security benefits using software. We learn the key elements of the software by examining a case study.
Communicating the retirement income plan to the client
(Jonathan Guyton, CFP® and Michael E. Kitces, MSFS, MTAX, CFP®, CLU, ChFC, RHU, REBC, CASL, CWPP™ and David A. Littell, JD, ChFC®, CFP® and Kenn Beam Tacchino, JD, LLM )
We learn that communicating the retirement income plan to the client involves a lot of listening and working together.
What do participants misunderstand about their company's retirement plan?
(Stephen H. Rosen, E.A., C.P.C., F.C.A and David A. Littell, JD, ChFC®, CFP®)
Steve Rosen adds an interesting perspective on what participants misunderstand about their retirement benefits at work. His view is that the biggest concern is not the misunderstanding of the plan’s specific terms, but the lack of a comprehension of how much participants need to save for retirement. If this issue is addressed, the role of the company’s retirement plan comes into better focus.
Implementing the retirement income plan
(Jonathan Guyton, CFP® and Michael E. Kitces, MSFS, MTAX, CFP®, CLU, ChFC, RHU, REBC, CASL, CWPP™ and David A. Littell, JD, ChFC®, CFP® and Kenn Beam Tacchino, JD, LLM )
We learn about how to successfully implement the retirement income plan.
Designing more effective employer sponsored retirement plans
(Stephen H. Rosen, E.A., C.P.C., F.C.A and David A. Littell, JD, ChFC®, CFP®)
We discuss plan design and communication strategies that can help to ensure that an employer sponsored qualified plan is an effective savings vehicle for retirement.
Monitoring the retirement income plan
(Jonathan Guyton, CFP® and Michael E. Kitces, MSFS, MTAX, CFP®, CLU, ChFC, RHU, REBC, CASL, CWPP™ and David A. Littell, JD, ChFC®, CFP® and Kenn Beam Tacchino, JD, LLM )
We learn about how often to monitor the retirement income plan and how important this step is to the success of the plan.
Plan design considerations for the small business owner
(Stephen H. Rosen, E.A., C.P.C., F.C.A and David A. Littell, JD, ChFC®, CFP®)
We discuss recent trends in plan design for small business owners. We learn about the evolution of the cross-tested profit sharing plan, combining defined-benefit and defined-contribution plans, and reasons small businesses are choosing cash-balance plans.
The New York Life Center for Retirement Income was funded by New York Life Insurance Company, “New York Life”. It is intended to be an educational venue for financial advisers to learn about retirement planning. Please note that the opinions presented in these videos are those of the speakers, and do not necessarily represent the opinions or policies of New York Life. New York Life makes no warranties or representations about the accuracy or completeness of the statements made in this video, or any associated materials appearing on The American College website and assumes no liability for damages resulting from the use of the information contained therein. New York Life and the American College are not engaged in rendering legal, accounting, tax, or other professional advice through the use of these videos or associated materials. If legal, tax, or other expert advice is required, the services of an appropriate professional should be sought.
