RJS - Putting Together Your Financial Future - Northwest Chicago CPAs

Illinois Certified Public Accountants and financial advisors serving the Northwest Suburbs of Chicago.  Our CPA and advisory firm is conveniently located in Arlington Heights, Illinois.

At RJ Simon, LLC and RJS Financial Management, Ltd., we understand the time, effort, and energy you put into your business and personal financial matters.  We have put the same heart and soul into our clients' endeavors for over 20 years. RJS understands the needs of individuals, trusts and estates, non-profit organizations, and privately-owned, small to medium sized businesses.  Our goal is to provide a personal approach to your professional service needs.  We listen to your objectives and design our services to meet them with professional care and concern.

We develop lasting relationships with our clients in order to understand their short and long-term goals, clearly define responsibilities, and help them to control their financial futures.

Integrating tax expertise and financial services gives us unique insight into your financial world and allows us to provide a comprehensive approach that simplifies your life.

Whether you have personal tax and financial needs or your business requires expert accounting, assurance, or corporate tax services we are here to help you feel confident about your ability to handle what lies ahead.

Impact of Inflation

Estimate the future cost of an item based on today’s prices and the rate of inflation you expect.

Cost of Retirement

Use this calculator to estimate how much income and savings you may need in retirement.

Mortgage Acceleration

This calculator can help you determine how soon you can pay off your mortgage.

Federal Income Tax

This calculator can help you estimate your annual federal income tax liability.

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How Interest Rates Can Influence Financial Decisions

The Federal Reserve has relied on its control of short-term interest rates to influence economic activity. Adjusting interest rates might seem to be an overly simple solution for steering the world's most powerful economy, but few mechanisms can influence behavior more effectively than interest rates.

Giving Strategies That Can Give Back

Americans gave more than $290 billion to charity in 2010, despite the slow economy. About 73% of charitable donations came directly from individuals. This article explains how a charitable remainder trust and a charitable lead trust could be used to provide more control over gifts while potentially benefiting the giver and his or her heirs.

Settling on a Salary

As a company's profit situation improves, business owners may be in a position to decide whether to take home a larger salary or use more of the proceeds to invest for the future. This article discusses the possibility of choosing a business-owner salary that allows for other benefits, such as building the business, saving more for retirement, and adding employee benefits.

Never Retire? Don't Count on It

In a recent survey, just 40% of wealthy individuals indicated they are totally confident they will have enough money for retirement. The other 60% said they will shun traditional retirement and work as long as possible. However, it could be dangerous to believe that a retirement income shortfall can be overcome by working past the traditional retirement age.

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