Among individuals and families with more than $1 million in investable assets, approximately 20% have collections that should be inventoried and insured, reports Reuters.

Individuals heading into retirement are expected to be less well off than their parents, a scenario that has not occurred since Franklin D. Roosevelt was president, reports the Washington Post.

Among advisory firms surveyed by the Financial Planning Association, two-thirds say they expect to boost employee compensation during the next 12 months.