On September 24, 2019, the Department of Labor issued a long anticipated final rule that will update the overtime regulations that have been in place since 2004. The Department of Labor’s mandates are scheduled to go into effect on January 1, 2020. We now have the long-awaited answer to the question posed in a Coolidge Wall blog published May 1, 2017, titled “What Will Happen To The Salary-Exempt Regulations Under the New Administration?” After a proposed 2016 final rule issued by the Department of Labor updating the 2004 salary threshold requirements for overtime was invalidated by the U.S. District Court …
Choosing the Right Fiduciary: ‘Tis a Reason to be Folly
“Where ignorance is bliss, ’tis folly to be wise.” This oft quoted line originates from Thomas Grey’s “Ode on a Distant Prospect at Eton College.” In modern parlance, this line is bifurcated and inserted casually into playful conversation. The saying “ignorance is bliss” is most often associated with a state of being lethargic with one’s mind and yet fulfilled, nonetheless. A closer look at Mr. Grey’s poem suggests a theme that is less about reconciling one’s choices by resorting to apathy. Instead, it serves as a gentle reminder that acting wisely and with conviction in the present may serve to …