December 2014 Connections Newsletter

Issue #1214  
The American College of Financial Services® Connections

Americans Get an F on Retirement Income Literacy Survey

RICP® Retirement Income Literacy Webcast: Hosted by Dave Littell
on January 14th, 2015 at 1PM EST.

A newly released study from The American College reveals deficiencies in retirement income literacy. Survey respondents (ages 60 to 75 with $100,000 or more in assets) were asked questions about 11 different areas relevant to retirement income planning.

“We were surprised by just how bad the results were, given that we focused on the group that would be in most need of this information. Only 20% received a passing grade of 60% correct, and the average score was only 42%,” said Dave Littell, JD, ChFC®, CFP®, and Director of the New York Life Center for Retirement Income at The American College. Littell added, “Unfortunately, the results mean that Americans are probably not in the best position to make optimal retirement decisions. The good news, however, is that the survey, which has received a tremendous amount of media attention, puts a spotlight on retirement income planning.”

If you want to learn more, tune in for a webcast hosted by Dave Littell and Matt Greenwald on January 14th, 2015, where they will discuss the details of the survey and the importance of these findings for financial advisors.

Read the study, take the quiz, and register for the webcast
The American College in USA Today, The Washington Post, and more!
USA Today - What's Your Retirement IQ? For Most, It's Lousy
Financial Planning - 35 Great Schools For Financial Planning
Washington Post - Are You Smart Enough To Retire?
USA Today - Investors, It's Time to Believe in Santa

Families With Special Needs Dependents Need Specialized Help
  According to the Centers for Disease Control and Prevention (CDC), between 2007 and 2011-2012, the prevalence estimate for parent-reported ASD (Autism Spectrum Disorder) diagnoses among U.S. children aged 6-17 increased significantly to 2% from 1.16%*. Because families caring for loved ones with special needs are on the rise, the time is now to learn specialized education that can give advisors the tools they need to help.

Recently redesigned to meet the modern challenges of Americans, The Chartered Financial Consultant® (ChFC®) program teaches advisors how to counsel their clients with special needs dependents more effectively. Some topics covered are: income tax and estate planning, identifying key available credits, and how to maximize Medicare and Medicaid program benefits. Earning this comprehensive designation can make a difference for families that need support. For advisors interested in getting focused education, specifically on financial planning for families with special needs dependents, learn more about The American College's Chartered Special Needs Consultant (ChSNC) designation.

Learn more about the ChFC® program today.

Save The Date

Hosted by The American College in partnership with MetLife, the 10th annual Conference of African American Financial Professionals (CAAFP) Conference will be held on August 18th and 19th, 2015, in Tampa, Florida. Attendees can expect to hear from renowned speakers, participate in interactive workshops and network with their peers. The conference will be held at the Tampa Marriott Waterside Hotel & Marina and registration opens on January 30th, 2015.

For more information, please contact Francine Kaar at: or call: 610-526-1489

Celebrate Graduation Next Year In Hawaii!

Interested in walking at Commencement next year? The time is now to complete your designation requirements and guarantee your spot. Receive your diploma in beautiful Hawaii while exploring the area and enjoying all of the local cuisine and attractions. In order to qualify, you need to complete all coursework by July 31st, 2015. For questions regarding Knowledge Summit, please contact:
Why Are Designations Important? Learn Why From Industry Peers
Why Are Designations Important? Learn Why From Industry Peers
Celebrating a Momentous Ending to 2014!
December 4th and 5th were landmark days for The American College.

On December 4th, at the One Person Campaign Celebration held at the United Nations, Foundation Board Chairman, Eugene LoVasco announced that a staggering $47 million was raised thanks to the generosity of many companies and individuals. These funds have created six Centers of Excellence and the doctoral program at The College. Following this historic announcement was the 2014 induction of Board member Reginald Rabjohns to The College’s Alumni Hall of Fame. Rabjohns was instrumental in the success of the Campaign having served as its Chairman. Later, everyone in attendance had a spectacular time enjoying the musical talents of the Midtown Men, the Tony award-winning cast from Broadway’s Jersey Boys.

The following evening, at the Presidents’ Dinner, three presidents of The College took to the stage when Bob Johnson and former interim president Mike Davidson presented The College’s highest honor, the Solomon Huebner Gold Medal to Dr. Larry Barton, CAP®. In the audience were a record fourteen former Huebner Gold Medal winners to offer personal congratulations to Dr. Barton. President’s Circle co-chairs Leo Tucker and Mark Rooney served as hosts throughout The Dinner that took place at New York’s spectacular Gotham Hall. Musical entertainment was by the Princeton Footnotes, the university acapella group that appeared on the television show, The Sing-Off.
News & Events

Alumnus of
The Month

Rob Holmes

Rob Holmes

Read more

Upcoming Events Sponsored by The American College

•  The American College President,
Bob Johnson, Visits Dallas, TX,
on Thursday, February 12th, 2015 - Email: for more details.
•  Los Angeles LIVE:
Tuesday, March 10th, 2015
•  Women’s Leadership Academy:
May 5-7, 2015 in San Antonio, TX - Email: for more details.


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