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The Lottery is not a retirement plan. Come in and talk to a banker today and START banking on your future with a retirement savings plan from Old Second.
When saving for retirement, contributions to a Traditional IRA can help savings balances accumulate faster since future earnings reinvest on a tax-deferred basis.
*Seek the counsel of a tax advisor before making a contribution to any retirement account to ensure it’s right for your circumstances.
For those who would rather pay their taxes now rather than later, a Roth IRA offers an opportunity to contribute after-tax dollars today, so that balances may accumulate and grow tax-free until they are withdrawn.
When you move on, don’t leave your 401(k) savings behind. Roll it over to an Old Second Direct Rollover IRA account.