U.S. Department of Labor Issues Proposed Regulations That Would Significantly Raise Minimum Salary For Workers Paid On A Salary Basis

On August 30, 2023, the U.S. Department of Labor issued proposed regulations that could significantly increase the minimum salary that would have to be paid to workers on a salary basis. The increase would be from $684/week to $1,059/week, or about $55,000.00 annually. The Department of Labor had been considering making an increase for over…

August is National “Make a Will” Month

August is National “Make a Will” Month, and it’s a great annual reminder to update your will or create one if needed. A will is an important estate-planning document that can help you easily transfer your assets. It can be the difference between a smooth transfer of assets or a probate nightmare. If you have…

PSE & The Dayton Performing Arts Alliance Breakfast

PSE & The Dayton Performing Arts Alliance (DPAA) hosted a corporate breakfast this morning discussing the importance of supporting the arts. We are honored to support this fantastic organization. PSE Shareholder, Katie Wahl, is a board member and also delivered opening remarks. To learn more about DPAA, visit their Facebook page: @Dayton Performing Arts Alliance.

IRA Qualified Charitable Distribution

Individuals must take annual required minimum distributions (RMDs) out of their IRAs when they reach age 73 or older (this starting age will increase to 75 in future years). For some taxpayers, the RMDs will push them into a higher tax bracket and cause them to be taxed at a higher rate. However, individuals aged…