Podcasts about new york life center

Summary Jamie was a professor at The American College and Director of the New York Life Center for Retirement Income. He is a well-recognized writer, speaker and thought leader in the area of retirement income planning. His most recent book, “Rewirement: Rewiring The Way You Think About Retirement,” details the behavioral finance issues that hold people back from a more financially secure retirement. Jamie's impact on retirement planning has been well recognized as he has been named as both a top 40 financial services professional under the age of 40 by InvestmentNews and a top 40 young attorney under the age of 40 by The American Bar Association. In this episode Jamie and I discuss the need to rewire the way we think about retirement and challenge the assumptions underlying retirement planning. He emphasizes the importance of adapting spending habits in retirement and the need to minimize regret risk. Jamie also highlights the concept of self-insuring in retirement and the tendency to hold onto money due to fear of unknown future events. He suggests adopting a guardrails approach to spending and focusing on adaptive spending rather than a binary view of success or failure in retirement. They highlight the need for a more realistic approach to retirement income planning that takes into account the trajectory of spending and the magnitude of failure. They also emphasize the importance of financial literacy and education in retirement planning, as well as the potential benefits of equity release strategies. Takeaways Retirement planning requires rewiring the way we think about retirement and challenging assumptions about saving and spending. Adapting spending habits in retirement is crucial for a fulfilling and successful retirement. Self-insuring in retirement can lead to holding onto money and not being able to spend it, limiting the enjoyment and fulfillment of retirement. Adopting a guardrails approach to spending and focusing on adaptive spending can help minimize regret risk and create a more flexible retirement plan. Retirement planning models often overlook the trajectory of spending and the magnitude of failure, leading to unrealistic expectations. Financial literacy and education are crucial in retirement planning, as individuals need to make informed decisions based on their knowledge and experiences. Equity release strategies, such as downsizing or reverse mortgages, can be valuable tools in retirement income planning and should be considered as part of a comprehensive financial plan. Individuals should start their retirement planning by identifying their aspirations and using them as a guide for their financial plan, ensuring that their retirement is fulfilling and aligned with their goals. Sound Bites "People need to rewire the way they think about retirement." "The biggest challenge is that everybody thinks retirement is the same phase in life, and we treat it the same." "Self-insuring is holding onto money for unknown future events, which limits spending in retirement." "That's a 50% chance that you're going to underspend crucially." "Why do we talk about anything as success and failure? Because it's actually only partial failure anyway." "There is a framework of flexibility in retirement spending." Chapters 00:00 Introduction and Warm Welcome 06:38 Jamie Hopkins' Journey to Retirement Planning 09:00 Rewiring the Way We Think About Retirement 27:07 The Benefits of a Guardrails Approach to Spending 32:53 The Flaws in Retirement Planning Models 37:40 The Importance of Flexibility in Retirement Spending 42:47 The Role of Financial Literacy and Education in Retirement Planning 53:54 The Benefits of Equity Release Strategies 01:00:14 Starting Retirement Planning with Aspirations Links Jamie's Book - Rewirement: Rewiring The Way You Think About Retirement!

Join financial expert Jamie Hopkins as we delve into career development in the unpredictable financial services sector. Jamie went from being an enthusiastic private equity attorney to leading roles as co-director of the New York Life Center for Retirement Income and CEO at Bryn Mawr, sharing valuable insights along the way. He discusses the importance of trust in financial planning and his commitment to improving retirement income security, offering practical advice for seasoned professionals and newcomers.We explore how perseverance, flexibility, and excellent communication skills are often more crucial than academic achievements for financial success. We examine why these traits are vital, and I share how my varied career path highlights the importance of adaptability. We discuss the importance of nurturing these qualities, especially in tough times.The episode also highlights the lack of diversity among Certified Financial Planners compared to academic circles and discusses the importance of creating a more inclusive financial world. Our bridge program has successfully kept diverse talent through mentoring, coaching, and professional development. Additionally, we talk about how activities like running and yoga can improve mental focus and help maintain a balance between professional and personal life.Jamies Website: JamieHopkins.comSocial: https://www.linkedin.com/in/jamiehopkinsfinancialservices/X: @RetirementRisksMusic in this episode was obtained from Bensound.

WANT THE FULL EPISODE? Check out Ep.120 I Jamie Hopkins I Deciding for Retirement: Financial Freedom, Life Aspirations, and Retiring “to” Something, or download it directly using this link.Jamie Hopkins joins Sanger and Shawn to dive into retirement's 'to' versus 'from' transition, crafting financial freedom, and defining meaningful legacies. KEY TOPICSRetiring “to” something when you retire “from” your business. What freedom in retirement looks like for you. Naming your life's aspirations (they're different than goals). Identifying what you want your money to do once you're gone. MENTIONED IN THIS EPISODEHal Herschfield's book: Your Future Self: How to Make Tomorrow Better TodayDan Sullivan's work: https://resources.strategiccoach.com/authors/dan-sullivan CONNECT WITH USwww.decidedlypodcast.com Join us on Instagram: @decidedlypodcastJoin us on FacebookShawn's Instagram: @shawn_d_smithSanger's Instagram: @sangersmith GRAB YOUR COPY OF SANGER'S BOOKA Life Rich with Significance: Transforming Your Wealth to Meaningful Impact MAKING A FINANCIAL DECISION?At Decidedly Wealth Management, we focus on decision-making as the foundational element of success, in our effort to empower families to purposefully apply their wealth to fulfill their values and build a thriving legacy. LEARN MORE: www.decidedlywealth.com SUBSCRIBE TO THE DECIDEDLY NEWSLETTER CONNECT WITH JAMIE HOPKINSWebsite: www.jamiehopkins.comTwitter: @retirementrisksInstagram: @retirementrisks FinServ Foundationhttps://www.bmt.com/Find Your Freedom: Financial Planning for a Life on PurposeRewirement: Rewiring The Way You Think About RetirementJamie Hopkins is an expert in retirement planning for business owners. He earned his Master of Laws degree, Juris Doctorate, and holds master's degrees in financial planning and business administration. He's a Wall Street Journal best-selling author and regular contributor for Forbes and InvestmentNews on Retirement Income Planning. Jamie also serves as the co-director of the New York Life Center for Retirement Income, and is a professor in the retirement income program at the American College of Financial Services.

Jamie Hopkins joins Sanger and Shawn to dive into retirement's 'to' versus 'from' transition, crafting financial freedom, and defining meaningful legacies. KEY TOPICSRetiring “to” something when you retire “from” your business. What freedom in retirement looks like for you. Naming your life's aspirations (they're different than goals). Identifying what you want your money to do once you're gone. MENTIONED IN THIS EPISODEHal Herschfield's book: Your Future Self: How to Make Tomorrow Better TodayDan Sullivan's work: https://resources.strategiccoach.com/authors/dan-sullivan CONNECT WITH USwww.decidedlypodcast.com Join us on Instagram: @decidedlypodcastJoin us on FacebookShawn's Instagram: @shawn_d_smithSanger's Instagram: @sangersmith GRAB YOUR COPY OF SANGER'S BOOKA Life Rich with Significance: Transforming Your Wealth to Meaningful Impact MAKING A FINANCIAL DECISION?At Decidedly Wealth Management, we focus on decision-making as the foundational element of success, in our effort to empower families to purposefully apply their wealth to fulfill their values and build a thriving legacy. LEARN MORE: www.decidedlywealth.com SUBSCRIBE TO THE DECIDEDLY NEWSLETTER CONNECT WITH JAMIE HOPKINSWebsite: www.jamiehopkins.comTwitter: @retirementrisksInstagram: @retirementrisks FinServ Foundationhttps://www.bmt.com/Find Your Freedom: Financial Planning for a Life on PurposeRewirement: Rewiring The Way You Think About RetirementJamie Hopkins is an expert in retirement planning for business owners. He earned his Master of Laws degree, Juris Doctorate, and holds master's degrees in financial planning and business administration. He's a Wall Street Journal best-selling author and regular contributor for Forbes and InvestmentNews on Retirement Income Planning. Jamie also serves as the co-director of the New York Life Center for Retirement Income, and is a professor in the retirement income program at the American College of Financial Services.

Jamie P. Hopkins is the Managing Partner of Wealth Solutions at Carson Group. He also serves as Finance Professor of Practice at Creighton University's Heider College of Business. A nationally recognized writer and researcher, Jamie is a regular contributor to Forbes, InvestmentNews and MarketWatch. A highly sought-after speaker in the financial services industry, Jamie has also been featured on Wall Street Journal podcasts, NPR radio and Fox radio, and has made multiple appearances for NBC10 Philadelphia, PBS and USA Today. He's been published in dozens of financial, educational and legal journals and developed educational materials for The American College's CFP®, CLU®, ChFC® and RICP® programs, along with CE programs for attorneys. Jamie is the author of “Rewirement: Rewiring The Way You Think About Retirement,” which released its second edition in 2021. Additionally, Jamie has co-authored three text books and has two ebooks on Retirement Planning, “Retirement Success In 10 Steps: How To Stretch Your Dollar To Last Through Your Golden Years” and “Retirement Risks: How To Plan Around Uncertainty For A Successful Retirement.” Jamie was selected by InvestmentNews as one of the top 40 financial services professionals under the age of 40 in 2015. And in 2017, he was selected by The American Bar Association as one of the top 40 young attorneys in the country. Jamie was also named a Lawyer of Distinction and elected to the prestigious role of an American Bar Foundation Fellow. Before joining Carson, Jamie was an associate professor of taxation at The American College of Financial Services in the Retirement Income program, and served as the director of the New York Life Center for Retirement Income. This episode talks about: Focusing on different parts or phases of retirement The importance of working with an experienced financial advisor The impact COVID had on retirement and retirement planning What has changed in retirement planning between 2020 and 2022? Shifting your mindset to living more meaningfully in retirement vs your current relationship with money. What key factors should you consider when planning for retirement? The difference between tax filing and tax planning. Who is Carson Group and what do they specialize in? What is a family office? Are we seeing this more often in financial planning? A different perspective/rewirement on retirement Jamie's current and new books he has authored. To connect with Jamie P. Hopkins and to know more about Carson Group, please visit:

In a recent Bloomberg article, Professor Wade Pfau, Co-Director of the New York Life Center for Retirement Income (hmmmm, what might his bias be?), suggested that your retirement plan needs a do over. Does it?Plus, we take your questions:How to add more excitement to a globally diversified portfolio?Does a covered call writing ETF make sense for income generation?

You'll face a myriad of decisions in planning for retirement. Wade Pfau has written a comprehensive guide to help you prepare well, financially and otherwise. He joins us to discuss how to fortify your retirement planning and decision-making. We discuss: How he became interested in studying retirement and retirement planning The key risks to manage in planning for retirement Why the traditional concept of retirement is increasingly unaffordable - and what to do instead His views on the 4% rule The roles that annuities and reverse mortgages can play in retirement planning The pros and cons of working longer What to consider in deciding where to live in retirement The non-financial aspects of transitioning to retirement - and special challenges for introverts How to assess your preparedness for retirement Wade joins us from Dallas. ______________________ Bio  Wade D. Pfau, PhD, is Professor of Retirement Income in the Ph.D. in Financial and Retirement Planning program, Co-Director of the New York Life Center for Retirement Income, and RICP® program director at The American College of Financial Services. Pfau is a co-editor of the Journal of Personal Finance. He has spoken at national conferences of organizations for financial professionals such as the CFA Institute, FPA, NAPFA, AICPA-PFP, and AFS. He also publishes frequently in a wide variety of academic and practitioner research journals. He hosts the Retirement Researcher blog, and is a monthly columnist for Advisor Perspectives, a RetireMentor for MarketWatch, a contributor to Forbes, and an Expert Panelist for The Wall Street Journal. His research has been discussed in outlets that include print editions of The Economist, The New York Times, The Wall Street Journal, and Money Magazine. Pfau was a selectee for the InvestmentNews “Power 20” in 2013 and “40 Under 40” in 2014, the Investment Advisor 35 list for 2015, the IA 25 list for 2014, and Financial Planning magazine's Influencer Awards. He is a two-time winner of the Journal of Financial Planning Montgomery-Warschauer Award, a two-time winner of the Academic Thought Leadership Award from the Retirement Income Industry Association, and a best paper award winner in the retirement category from the Academy of Financial Services. Pfau holds a doctorate in economics and a master's degree from Princeton University, and bachelor of arts and bachelor of science degrees from the University of Iowa. He is also a Chartered Financial Analyst® (CFA®). _________________________ For More on Wade Pfau Retirement Planning Guidebook: Navigating the Important Decisions for Retirement Success Retirement Researcher Website _________________________ One Day University At One Day University, you can watch hundreds of fascinating talks by the most popular professors from 150 top schools. A special offer for listeners of The Retirement Wisdom Podcast: learn more and start your two-week free trial at www.onedayu.com/wisdom Check out the video library to see what interests you. _________________________ Wise Quotes On Risks "Risks fall into a few different categories. Longevity risk is worth mentioning first, and it's a good thing in a way. You don't know how long you're going to live, and you might live a very long time, which is wonderful, but just on the financial side, it's expensive to live a long time. You have to fund your retirement for more and more years. So longevity risks really is the overarching risk, and you've got the different types of market risk and market volatility, interest rates that are changing, and so forth, just market-related risks and inflation could be part of that as well. But even a low inflation rate over a long retirement can really compound over time. And then everything else really falls into the category of spending shocks. Which is you may have a reasonable baseline budget that you anticipate,

Wade D. Pfau, PhD, is Professor of Retirement Income in the PhD in Financial and Retirement Planning program, Co-Director of the New York Life Center for Retirement Income, and RICP® program director at The American College of Financial Services. GE-3474402 (3/21) (Exp. 3/23) Guest: Wade Pfau

Steve Parrish is an Adjunct Professor of Advanced Planning and the Co-Director of the New York Life Center for Retirement Income. He’s also an Adjunct Professor at Drake University Law School, where he teaches estate planning.  Steve is an expert in estate and financial planning with a specialized focus in issues of business ownership. He’s a regular contributor to Forbes and the Journal of Financial Service Professionals, and he has lent his expertise to outlets including InvestmentNews, MarketWatch, The Wall Street Journal Radio, HR Magazine, and the Journal of Financial Planning. Today, Steve joins the podcast to talk about the ever-evolving retirement landscape, exit strategy planning for people who have no intention of retiring, even late in life, and the important questions every retiree should be asking their financial advisor. Show Notes: RetireWithPurpose.com/179 Rate & Review the Podcast: RetireWithPurpose.com/review Weekly Retirement Newsletter: RetireWithPurpose.com/weekend-reading

Our guest on the podcast is retirement researcher Dr. Wade Pfau. Wade is a professor of retirement income in the Ph.D. in Financial and Retirement Planning program at the American College of Financial Services. He is also co-director of the New York Life Center for Retirement Income. A prolific writer and researcher, Wade has authored papers and books on a wide spectrum of retirement-related topics, including in-retirement withdrawal rates, optimal asset allocations for retirement, and the role of annuities in retirement portfolios. He is a two-time winner of the Journal of Financial Planning's Montgomery-Warschauer Award, a two-time winner of the Academic Thought Leadership Award from the Retirement Income Industry Association, and a best paper award winner in the retirement category from the Academy of Financial Services. His latest book, part of the Retirement Researcher Guide Series, is called Safety-First Retirement Planning: An Integrated Approach for a Worry-Free Retirement. He holds a doctorate in economics and a master's degree from Princeton University and Bachelor of Arts and Bachelor of Science degrees from the University of Iowa. He is also a Chartered Financial Analyst.Background Wade Pfau bio Books by Wade PfauWade Pfau blog posts on Retirement Researcher Wade Pfau Forbes columns Wade Pfau blog posts for WSJ’s “The Experts” Wade Pfau on TwitterAsset Allocation in RetirementKitces, M. & Pfau, W. “Reducing Retirement Risk with a Rising Equity Glide Path.” Journal of Financial Planning. Vol. 1. P. 38.Pfau, W. “To Rise or Not To Rise: Stock Allocation During Retirement.” Retirement Researcher.  Pfau, W. “4 Ways to Manage Sequence of Returns Risk in Retirement.” Retirement Researcher. Benz, C. 2019. “Cut Stocks Or Add to Them? A Key Dilemma for Your Retirement Plan.” Morningstar.com, July 25, 2019. Blanchett, D., Finke, M., & Pfau, W. 2013. "Asset Valuations and Safe Portfolio Withdrawal Rates." June 28, 2013. Shiller P/E Ratio Withdrawal Rates in RetirementWollman Rusoff, J. 2020. “Wade Pfau: Pandemic Tears Up 4% Rule.” ThinkAdvisor, April 14, 2020. Blanchett, D., Finke, M., & Pfau, W. “The 4 Percent Rule Is Not Safe in a Low-Yield World.” Journal of Financial Planning, Vol. 26, No. 6, P. 46.Pfau, W. 2020. “How Much Can Retirees Spend on March 11, 2020? It May Not Be What You Think.” Forbes.com, March 11, 2020. Pfau, W. “Using Reverse Mortgages in a Responsible Retirement Income Plan.” Retirement Researcher. Pfau, W. 2015. “Improving Retirement Outcomes with Investments, Life Insurance, and Income Annuities.” Forbes.com. May 23, 2015. Finke, M., Pfau, W., & Williams, D. “Spending Flexibility and Safe Withdrawal Rates." Journal of Financial Planning. Pfau, W. 2016. “What Is the 'Floor and Ceiling' Retirement Spending Strategy?” Forbes.com, Oct. 18, 2016. Pfau, W. 2015. "Making Sense Out of Variable Spending Strategies for Retirees.” Journal of Financial Planning, Vol. 10, P. 42.Bengen, W.P. “Conserving Client Portfolios During Retirement, Part IV.” FPA Journal. Guyton, J.T. & Klinger, W.J. “Decision Rules and Maximum Initial Withdrawal Rates.” FPA Journal. Blanchett, D. 2013. “Simple Formulas to Implement Complex Withdrawal Strategies.” Journal of Financial Planning, Vol. 26, No. 9, P. 40.Healthcare and Long-Term CareBlanchett, D. 2013. “Estimating the True Cost of Retirement.” Morningstar.Pfau, W. “What Is Age Banding and What Does It Mean for Retirees?” Retirement Researcher. Pfau, W. 2016. “Two Options for Funding Long-Term Care Expenses.” Forbes.com. Jan. 12, 2016. Finke, M. and Pfau, W. 2017. “Managing Long-Term Care Spending Risks in Retirement.” AnnuityAdvisors.com. AnnuitiesPechter, K. 2019. " 'Safety-First' Income Plans, Per Wade Pfau.” Retirement Income Journal, Oct. 10, 2019. Hopkins, J. 2019. “3 Reasons Annuities Are the Unsung Heroes of Retirement Income Planning.” Forbes.com. June 14, 2019. Pechter, K. 2019.  “The Reason for SPIAs, from Pfau and Finke.” Retirement Income Journal, April 25, 2019.

Join Johnathan Krueger as he interviews Wade Pfau. Wade Pfau, Ph.D., CFA, RICP,  is a Professor of retirement income in the PhD in Financial and Retirement Planning program, Co-Director of the New York Life Center for Retirement Income, and the RICP® program director at The American College of Financial Services. Dr. Pfau is a co-editor of the Journal of Personal Finance. He has spoken at the national conferences of organizations for financial professionals such as the CFA Institute, FPA, NAPFA, AICPA-PFP, and AFS. He also publishes frequently in a wide variety of academic and practitioner research journals and his research has been discussed in outlets that include print editions of The Economist, The New York Times, The Wall Street Journal, and Money Magazine. During this episode you’ll hear  How Wade Pfau’s advise and practices stand out in the retirement space Two fundamentally different philosophies for retirement income planning How probability-based philosophy, as you describe it, is better understood by the public than the safety-first approach The characteristics of the probability-based approach Inherent risks of the probability-based approach that can sidetrack folks before and during their retirement years Lesser known ways to use insurance to help with retirement planning and execution that The types of risks that can be mitigated in retirement using a safety-first retirement planning approach Jonathan Krueger is an Investment Advisor Representative with Lion Street Advisors, LLC, a Registered Investment Representative and a Registered Representative with Lion Street Advisors, LLC member SIPC. Opinions expressed on this program do not necessarily reflect those of Lion Street Advisors, LLC or LionsGate Advisors. The topics discussed, and opinions given are not intended to address the specific needs of any listener. Neither Lion Street Advisors, LLC nor LionsGate Advisors offer legal or tax advice; listeners are encouraged to discuss their financial needs with the appropriate professional regarding your individual circumstance.   Resources:  Wade D. Pfau, Ph.D., CFA, RICP, is the curriculum director of the Retirement Income Certified Professional designation and a Professor of Retirement Income at The American College of Financial Services in King of Prussia, PA. As well, he is a Principal and Director for McLean Asset Management. He holds a doctorate in economics from Princeton University and publishes frequently in a wide variety of academic and practitioner research journals on topics related to retirement income.  He hosts the Retirement Researcher website, and is a contributor to Forbes, Advisor Perspectives, Journal of Financial Planning, and an Expert Panelist for the Wall Street Journal.  He is the author of the books, Safety-First Retirement Planning: An Integrated Approach for a Worry-Free Retirement, How Much Can I Spend in Retirement? A Guide to Investment-Based Retirement Income Strategies, and Reverse Mortgages: How to Use Reverse Mortgages to Secure Your Retirement

Common misconceptions, assumptions, and behavioral biases often prevent people from building robust and flexible retirement plans—and this is an enormous problem. If you don’t know your decisions are based on false assumptions, how can you avoid making serious mistakes? My guest on the podcast today describes himself as a 'pracademic' when it comes to the field of retirement planning. That's 'practical academic'. Jamie Hopkins is a leading retirement planning expert in the US. He is a professor of taxation at the American College of Financial Services and the director of the New York Life Center for Retirement Income. Jamie's new book is called Rewirement: Rewiring The Way You Think About Retirement!. The book is all about how to identify problems that might sabotage your savings while learning how to build and implement the retirement plan you need. In our conversation today, we talk about how our money decision making is often coloured by personal experiences, some of the risks in retirement including the sequence of investment returns you face, and why being too conservative with your money in later life is often more dangerous than taking risks. Here's my conversation with Jamie Hopkins, author of Rewirement, in episode 433 of Informed Choice Radio.

Plenty of risks threaten retirement, and today we focus on managing risks from longevity, inflation, sequence of returns, taxes, interest rates, and lost opportunity. Plus, Professor Jamie Hopkins from The American College and the New York Life Center for Retirement Income talks about how our risky investor behavior needs Rewirement (which happens to be the title of his most recent book), how a reverse mortgage can help, and why "set it and forget it" may also be a risk to retirement. Transcript and show notes at http://bit.ly/YMYW-184

On this show, we talked fixed vs. variable income needed in retirement and how to efficiently design that income with Jamie Hopkins Esq., LLM, CFP®, ChFC®, CLU®, RICP®, Co-Director of the New York Life Center for Retirement Income at the American College and author of Rewirement: Rewiring The Way You Think About Retirement. Listen to find out how Jamie thinks you can avoid common pitfalls! For the Difference Making Tip, scan ahead to 17:55. You can find Jamie's book here. You can learn more about Jamie at HopkinsRetirement.com, LinkedIn, and Twitter. Please subscribe to the show however you’re listening, leave a review and share it with someone who appreciates good ideas.  You can learn more about the show at GeorgeGrombacher.com, or contact George by clicking here.

In Ep. 023, Tim talks with Jamie Hopkins.  Jamie is the co-director of the New York Life Center for Retirement Income, and a professor in the retirement income program at the American College of Financial Services.  Jamie is the author of the new book "Rewirement: Rewiring the Way You Think About Retirement!"  Tim and Jamie discuss the risks retirees face, the right questions to ask about your retirement income, and how to avoid big mistakes when planning for retirement income.

Common misconceptions, assumptions, and behavioral biases often prevent people from building robust and flexible retirement plans—and this is an enormous problem. If you don't know your decisions are based on false assumptions, how can you avoid making serious mistakes? Rewirement: Rewiring the Way You Think about Retirement! offers a solution. Under the expert guidance of Jamie P. Hopkins, Esq., CFP®, RICP®, you'll learn to identify problems that might sabotage your savings while learning how to build and implement the retirement plan you need. Jamie Patrick Hopkins, Esq., MBA, LLM, CLU®, RICP® is an Associate Professor of Taxation at The American College of Financial Services in the Retirement Income program and is the Co-Director of the New York Life Center for Retirement Income. He also holds the Larry R. Pike Chair in Insurance and Investments at The American College of Financial Services. As a Professor at The College, he teaches courses in retirement, estate planning, and life insurance. Through his role at The College, he has educated thousands of financial service professionals and continues to move the needle for retirement income planning. Jamie is considered one of the leading retirement planning experts in the United States and has been selected by InvestmentNews as one of the top 40 financial service professionals under the age of 40 in 2015. Professor Hopkins has also been published in numerous periodicals including Villanova Law Review, Nebraska Law Review, and Hastings Journal of Science and Technology Law, and has authored articles published by the American Bar Association and the Pennsylvania Bar Association. To learn more about Jamie, visit: https://hopkinsretirement.com/ To learn more about Houston Money Week visit: www.Houstonmoneyweek.org   http://www.cheatsheet.com/personal-finance/how-schools-can-improve-their-personal-finance-education.html/ Financial Advisor Magazine Articles: http://www.fa-mag.com/news/advisors-stay-the-course-amid-monday-s-market-drop-22864.html?section=3  http://www.fa-mag.com/news/on-it-s-80th-anniversaryadvisors-consider-social-security-s-impactfuture-22784.html?section=3 You can listen live by going to www.kpft.org and clicking on the HD3 tab. You can also listen to this episode and others by podcast at: http://directory.libsyn.com/shows/view/id/moneymatters or www.moneymatterspodcast.com #KPFTHOUSTON #HoustonMoneyWK #RetirementRisks  

Professor Jamie Hopkins joins me for this episode to discuss how financial advisors can build a model to help clients 'rewire' the way they think about and manage retirement income. We discuss retirement income literacy and the implications for financial advisors.  His new book, Rewirement: Rewiring The Way You Think About Retirement!, recently hit the bookshelves.     Interesting Note: Clients without advisors are MORE literate about retirement income than those with financial advisors. Why?   We also discuss the RICP® designation and process for obtaining it.  Jamie helped create this program so he is able to provide a deep view into the designation.   Interesting Note: Last year the RICP® had more registrations than the CLU. 11,000 advisors are enrolled today!     Link: https://www.theamericancollege.edu/designations-degrees/RICP        Connect With Jamie   Website: hopkinsretirement.com   Twitter: @retirementrisks       About Jamie (From the American College website) Jamie Patrick Hopkins, JD, MBA, LLM, CLU®, ChFC®, CFP®, RICP®, is Associate Professor of Taxation at The American College of Financial Services in the Retirement Income Program and is Co-director of the New York Life Center for Retirement Income. He also holds the Larry R. Pike Chair in Insurance and Investments at The College. Teaching courses in retirement, estate planning, and life insurance, he has educated thousands of financial services professionals and continues to move the needle for retirement income planning.   Professor Hopkins is recognized as one of the leading retirement planning experts in the United States and, in 2015, was selected by InvestmentNews for its list of the top 40 financial services professionals under the age of 40. Professor Hopkins has also contributed numerous articles for periodicals including Villanova Law Review, Nebraska Law Review, and Hastings Science & Technology Law Journal, and has authored articles published by the American Bar Association and the Pennsylvania Bar Association.   Professor Hopkins received his Bachelor of Arts degree in political science at Davidson College. He then attended Villanova University School of Law, where he obtained his JD and graduated with honors. He later received his MBA from the Villanova University School of Business. Professor Hopkins also holds an LLM from Temple University and two financial planning designations from The American College: the Chartered Life Underwriter® (CLU®) and Retirement Certified Professional® (RICP®).

Professor Jamie Hopkins comes on The Resilient Advisor Podcast with Jay Coulter to discuss how sophisticated financial advisors are using home equity as a tool in retirement plans. Jamie has been feature on Consuelo Mack's PBS show WealthTrack (Link), Forbes (Link) and MarketWatch.    Reverse mortgages are not what they used to be. This episode will be very informative for any financial advisor or financial planner who is stuck in the dogma that the industry has around these tools. You owe it to your clients to understand how these work and how they can help your clients have better outcomes in retirement.   Connect With Jamie   Website: hopkinsretirement.com   Twitter: @retirementrisks     About Jamie (From The American College Website)   Jamie Patrick Hopkins, JD, MBA, LLM, CLU®, ChFC®, CFP®, RICP®, is Associate Professor of Taxation at The American College of Financial Services in the Retirement Income Program and is Co-director of the New York Life Center for Retirement Income. He also holds the Larry R. Pike Chair in Insurance and Investments at The College. Teaching courses in retirement, estate planning, and life insurance, he has educated thousands of financial services professionals and continues to move the needle for retirement income planning.   Professor Hopkins is recognized as one of the leading retirement planning experts in the United States and, in 2015, was selected by InvestmentNews for its list of the top 40 financial services professionals under the age of 40. Professor Hopkins has also contributed numerous articles for periodicals including Villanova Law Review, Nebraska Law Review, and Hastings Science & Technology Law Journal, and has authored articles published by the American Bar Association and the Pennsylvania Bar Association.   Professor Hopkins received his Bachelor of Arts degree in political science at Davidson College. He then attended Villanova University School of Law, where he obtained his JD and graduated with honors. He later received his MBA from the Villanova University School of Business. Professor Hopkins also holds an LLM from Temple University and two financial planning designations from The American College: the Chartered Life Underwriter® (CLU®) and Retirement Certified Professional® (RICP®).

Today's guest, Jamie Hopkins is considered to be one of the leading retirement plan experts in the United States. He holds the Larry R. Pike Chair in insurance and investments. He is an associate professor of taxation at The American College, Co-Director of New York Life Center for Retirement Income Programs, and the Developer of the Retirement Income Certified Professional Designation (RICP). He authored the book Retirement Risk: How to Plan Around Uncertainty for a Successful Retirement. He shares advice on the qualifications of a good financial planner, how new regulations will affect retirement product offerings and how adding real estate and home equity to your retirement plan can benefit individuals.    Key Takeaways: Jason's Editorial: [6:04] “Did People Who Bought Houses in the 70's Essentially Get the House for Free?” Jamie Hopkins Guest Interview: [13:57] Are financial advisors required to operate under a fiduciary standard of care? (ERISA) [16:50] Fiduciary care basically means working with the client's best interest in mind. [19:33] The benefit of incorporating real estate into traditional retirement income plans. [21:55] Advice on how to deal with the regulatory changes recently mandated by the Department of Labor (DOL). [24:55] Today, robo-advice isn't capable of giving clients informed decisions. [27:33] New regulations get added on top of existing ones instead of replacing the outdated regulations. [32:16] Annuities were impacted by these new regulations but life insurance plans were not.   Mentioned in This Episode: Jason Hartman Hartman Education The American College

Retirement income literacy is of essential importance to the financial security of retired Americans. With limited or no ability to earn additional money through work, this group must know how much they need to accumulate by the time they retire and know how to manage their money during retirement. Further, retirement income literacy will become more important  as the number of people entering retirement with defined benefit plan guaranteed lifetime income decreases, life expectancy at age 65 increases, and Social Security income decreases due to increases in the age of entitlement for full benefits.  In addition, the increases in Medicare premium taken out of Social Security retirement benefits each year will likely be higher than the cost of living adjustments to Social Security.   We were joined today by Associate Professor of Taxation, Associate Director of the New York Life Center for Retirement Incomeand Larry R. Pike Chair in Insurance & Investments for the American College, Jamie Hopkins.     To find out more about the American College visit the website at: www.theamericancollege.edu Also mentioned on the show today: Forbes Article about new MYRA by Jamie Hopkins You can listen live by going to www.kpft.org and clicking on the HD3 tab. You can also listen to this episode and others by podcast at: http://directory.libsyn.com/shows/view/id/moneymatters or www.moneymatterspodcast.com  #kpft #theamerican college #forbes