Retirement Trends

Seventy-seven percent of survey respondents said they owned real estate, and 35 percent said they owned real estate investment trusts.

A survey finds that up-and-coming wealthy individuals sought introductions and investigated potential wealth managers in a variety of ways.

Stocks rose, sending the Standard & Poors 500 Index higher for a fourth day, as Federal Reserve Chairman Janet Yellen said more work is needed to restore the labor market.

When the company made the announcement last week, many people in the industry said they would believe it when they see it. Schwab announced more than two years ago that it would develop an ETF-based 401(k) platform but never rolled one out.

Participants in a study who were given the chance to consider several policy changes to shore up the Social Security system favored reducing payments to high wage earners, raising the retirement age and other remedies that would eliminate most of the systems debt.

The Milliman 100 Pension Funding Index found that the funding ratio of the plans fell from 95.2 percent to 91.2 percent, which translated to a $67 billion rise in unfunded liabilities to a total of $140 billion.