No there is no way .. and I am pissed out on this as well ... even Google+ online albums have no way of getting this done ...
What will happen once you have years worth of photos ?!? How do you arrange them ... for now i prefix all my albums with year (and optional month)
So example -
2014 Jan xyz birthday
2014 May holiday trip
Current Devices : HTC One, iPhone 5
Retired : HTC Diamond2, HTC HD2, HTC Sensation XE, HTC Sensation XL 16GB, Motorola Razr, Galaxy S2, Galaxy Note, Xperia S, Xperia V, HOX+, HTC Butterfly, Galaxy S4