At Rondout Saving Bank, we bring Wall Street to Main Street. Unlike the cold, impersonal service of out -of-town brokerage houses, Osaic Institutions Inc. is part of your community. And you can meet with us – face to face – on your schedule.



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Michael Risko Financial Consultant, Osaic Instituions Inc.

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We’ll help you sort through the sometimes-confusing world of financial planning, and turn those troublesome questions into workable solutions.

We offer access to a wide selection of investment alternatives, custom tailored for you. You’ll benefit from expert planning, flexible investment choices.

It’s time to take a fresh look at your investments, and allow us to help you identify opportunities and reach your full financial potential.

Call or stop by your local Rondout Savings Bank branch office to set up a no-obligation initial consultation, right now.

Because if you don’t prepare for the questions, you almost certainly won’t like the answers.


Retirement Planning

Will there be any rest in the rest of your life?

A comfortable, secure retirement is the centerpiece of the American Dream. But it doesn’t happen on its own. Have you considered exactly how much you’ll need? Where that money will come from? How secure you’ll be amidst the changing financial landscape? It may seem a long way off, but the truth is it’s never too soon to begin retirement planning.

College Savings Plans

Will four years of college mean more years of savings?

Sending children or grandchildren to college will likely be the largest single expense of your lifetime. That’s not something you can start thinking about at their high school graduation. Do you have any clear idea of how much a quality education will cost? To win this uphill battle, you need to establish a sound college savings plan – sooner, not later.

Wealth Management

Will your net worth today be worth more tomorrow?

You probably concentrate more on earning your income, than on maximizing it. But missed opportunities can be extremely costly. Do you know how to devise the optimum asset mix and master your portfolio? How much risk can you tolerate today, and when should your risk level change? In a world where your new car may cost as much as your first house, how will your savings hold up against inflation?



An annuity can offer tax-deferred growth and value and options for a stream of payments beginning immediately or at some future date. Annuities are typically used as a retirement funding vehicle.

Fixed Annuities vs. Variable Annuities

Fixed annuities pay interest at rates set and guaranteed by the issuing insurance company.

With variable annuities, annuity value and earnings fluctuate with the market value of the underlying sub accounts chosen by the annuity owner. If you surrender your contract, the amount you receive may be less than the amount you contributed due to market fluctuations.

Considerations when Purchasing an Annuity

You may want to consider the following when purchasing an annuity:

  • Annuities are tax-deferred; the contract owner does not pay taxes on the growth of their investment until withdrawals begin
  • Annuities are designed for long-term investing and there are generally surrender charges for early withdrawal
  • Withdrawals prior to age 59 1/2 may be subject to a 10% IRS penalty
  • Additional benefits are available under riders at an additional cost
  • Depending on the contract you purchase, if you surrender your contract you may receive less than the money you put into it
  • Any annuity is dependent on the continued claims-paying ability of the issuing insurance company

Brokerage Accounts for Business

You are able to buy, sell and hold the following types of investment vehicles.

  • Equities
  • Equity and Index Options
  • Fixed Income Securities
  • Mutual Funds

Ways to Trade In and Access Your Brokerage Account

Whether you prefer a traditional brokerage relationship with a registered representative or you want to access your account online or by telephone, Investors Marketplace can provide you with access to the most appropriate service for your needs.

You can access your brokerage account through the following convenient methods.

  • Registered representatives located in Rondout Savings
  • Web Trading

Business Succession Plan

Inadequate planning and procrastination are too often the reasons why businesses fail. However, adequate succession planning can help ensure the continuity of a business. Getting started without assistance can be daunting, but waiting has a significant price. Investors Marketplace can help.

Access Clear and Objective Advice from a Trained Financial Planner

To begin the business succession planning process, our financial planners will start by assessing your current situation and identifying your priorities and goals. We then develop a comprehensive financial plan that includes specific recommendations tailored to the needs of your business, including the transfer of your business to family members or others. We can offer you strategies for the implementation of a succession agreement and other planning techniques that may apply to your situation.

We recognize that your business is not static, so we’ll work with you over time to make recommendations and adjustments to your business succession plan as necessary.

Fixed Income for Business

Osaic Institutions offers access to all of the major fixed income markets, including the municipal, treasury, U.S. government agency, brokered CDs and corporate bond markets.

Fixed Income Trading Desk Infinex maintains a full-service Fixed Income Trading Desk which specializes in U.S. government, municipal and corporate bonds. Our specialists can help you find appropriate fixed income investments for your portfolio at competitive prices and with excellent customer service.

Investment and insurance products and services are offered through Osaic Institutions, INC. Member FINRA/SIPC. Rondout Financial Services, is a trade name of Rondout Savings Bank. Osaic Institutions and Rondout Savings Bank are not affiliated. Products and services made available through Osaic Institutions are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.