Individual Retirement Accounts (IRAs)

The retirement you envision can be the one you experience — with the help of a tax-advantaged IRA from Alpine Bank.1

  • Save for retirement with tax advantages1
  • Earn interest higher than regular savings2
  • Available in Traditional and Roth
  • Annual contribution limits may apply4
  • No annual fees or set-up fees
  • Early withdrawals subject to penalty
  • $1,000 minimum deposit to open

Contact your local branch for more information.

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Traditional vs. Roth

There are advantages to both Traditional and Roth IRAs. One of the biggest differences is the time at which you see the most advantage. A Traditional IRA provides potential tax relief today, while a Roth IRA has the potential for the most tax benefit at time of retirement.

Traditional IRA

  • Contributions subject to age and income requirements4
  • Earnings are tax deferred until withdrawal
  • Withdrawals can begin at age 59½
  • Early withdrawals subject to penalty3
  • Mandatory withdrawals at age 70½

Roth IRA

  • Income limits to be eligible to open Roth IRA4
  • Principal contributions can be withdrawn without penalty1
  • Withdrawals on earnings can begin at age 59½
  • Early withdrawals on earnings subject to penalty3
  • No mandatory distribution age
  • No age limit on making contributions as long as you have earned income

 

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Disclaimers

1Subject to some conditions. Consult a tax advisor.

2Please see a customer service representative or personal banking representative for current rate information, calculation method and to obtain your copy of our Truth in Savings disclosure.

3Certain exceptions apply, such as healthcare, purchasing a first home, etc.

4Consult a tax advisor.