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Don’t Get Penalized This Holiday Season: Make Your RMD on Time

As the year wraps up and everyone’s busy before New Year’s Eve, the IRS has one more reminder for those with retirement accounts: Required Minimum Distributions (RMDs). If you’re age 73 or older (or turning 73 this year), most tax-deferred retirement accounts — traditional IRAs, 401(k)s, 403(b)s, etc. — require you to take a minimum

By |2025-12-04T05:11:20+00:00December 27th, 2025|Categories: Individuals|Tags: , , , , , , , , , |

Texas Federal court struck down the DOL exempt salary rule

Earlier this month, a Texas Federal judge struck down the DOL (Department of Labor) exempt salary rule that raised the minimum salary as exempt from overtime and minimum wage requirements under the Fair Labor Standards Act (FLSA). It is reverted now to the rules before July 1, 2024. The salary level test amount for executive,

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