At Old Second, we offer a full-service approach to retirement planning. Individuals can find a variety of tax-advantaged plans to complement their retirement savings activities. Contact a Wealth Management representative.
Whether your employer offers you the option of contributing to a retirement plan at work, you may still want to pursue a supplementary plan to ensure that you are saving a sufficient amount to fund the type of retirement you envision. This is why we offer a full range of account structures.
Wealth grows tax deferred for those who are under the age of 70½ and are earning income. Contributions may be tax-deductible, and conversion from traditional to Roth IRA is permitted.
Perfect for individuals who are retiring or changing jobs and will receive a lump sum distribution from a qualified retirement plan. Pretax balances are rolled directly into an IRA tax free. Individual contributions deposited to the IRA may be tax deductible.
Provides access to your original contribution without penalty if needed. Ongoing contributions grow tax deferred. Distributions are made tax free if the account is held for five years and additional requirements are met.
Suitable for small to medium-sized businesses, self-employed individuals, partnerships and non-profit groups. A retirement plan option for employers who want to offer a tax-deferred retirement solution with discretionary contribution options.
Attractive to small businesses, self-employed individuals and qualified tax-exempt organizations with less than 101 employees. It offers a tax-deferred retirement matching program. Employer contributions are required but offer lower contribution caps.
Investment advisory and financial planning services may be offered through River Street Advisors, LLC, a wholly owned subsidiary of Old Second National Bank. River Street Advisors, LLC is a registered investment adviser and only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. All investment strategies have the potential for profit or loss. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment or strategy will be suitable or profitable for a client's investment portfolio. There are no assurances that an investor's portfolio will match or exceed any particular benchmark.
Not insured by the FDIC; Not a deposit or other obligation of, or guaranteed by, the depository financial institution; Subject to investment risks, including possible loss of principal amount invested.