Retirement

Insights
CJBS
Dear Clients & Friends,   If you’re a small business owner, we understand that you have many demands on your time and resources now more than ever. As we help you plan ahead for 2022 and beyond, we want to make you aware of significant changes to the required Illinois Secure Choice Retirement Savings Program (Secure Choice), a state-administered retirement savings plan.  What Is Secure Choice?   First rolled out […]
November 18, 2021
3 MIN READ
News
CJBS
Dear Clients & Friends, As part of the CARES Act (Coronavirus Aid, Relief and Economic Security Act), the government created distinct provisions with regard to Required Minimum Distributions (RMDs) for 2020.  Specifically, for all taxpayers (including individuals that turned 70 ½ in 2019) who are required to receive an RMD from their defined contribution benefit plan in 2020, this […]
July 28, 2020
2 MIN READ
News
CJBS
As part of a larger government spending package, the Setting Every Community Up for Retirement Enhancement Act (SECURE Act) was recently signed into law.  The Act includes many provisions and reforms aimed at making saving for retirement easier and more accessible. The Secure Act changes several provisions related to tax-advantaged retirement accounts.  Most provisions in […]
January 17, 2020
2 MIN READ
Insights
CJBS
A large number of Americans intend to keep working past retirement age. For many, their reasons are financial. Some have a high level of debt while others are afraid if they retire too soon, they will run out of money.   Working longer offers several financial benefits. Those who put off retirement are able to: […]
September 28, 2018
3 MIN READ
Insights
CJBS
The new Tax Cuts and Jobs Act, which went into effect on Jan. 1, has sent an unambiguous message that the current GOP-dominated Congress and Presidential Administration are decidedly pro-business. Fortunately, they included provisions in the new legislation that enhance tax advantages for many self-employed sole proprietors. The following offers an overview of both new […]
July 28, 2018
3 MIN READ