Advisors should ensure that female clients can find financial planning documents, such as life insurance policies in the event that they outlive their husbands. That is one of several steps that advisors should to make sure that female clients are prepared to become widows. So report The New York Times.
The Social Security Administration says it will provide retroactive spousal benefits to same-sex couples that were married in states that previously didn’t recognize such matrimonial unions, according to attorneys for plaintiffs. So reports ThinkAdvisor.
Fears that China’s recent currency devaluation will make U.S. products less attractive in the country and stymie demand for natural resources may make it less likely that the Federal Reserve will raise interest rates next month. So reports CNN Money.