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.
Evaluating advisors based on whether they receive commissions, advisory fees, or hybrid compensation is misguided because the ultimate factor should be if planners serve their clients’ best interests, says Edward Gjertsen II, vice president of Mack Investment Securities and Financial Planning Association president. So reports Moneymagazine.