Individual Retirement Accounts (IRAs)

The retirement you envision can be the one you experience — with the help of a tax-advantaged IRA at Alpine Bank.
*Please consult your personal tax or financial advisor for eligibility, contribution and distribution requirements.

  • Save for retirement 
  • Earn higher interest than a traditional savings1
  • Available in Traditional and Roth
  • No annual fees or set-up fees
  • $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. A Traditional IRA contribution may be tax-deductible, lowering your taxable income in the year of contribution. With a Roth IRA contributions are made with after-tax dollars, meaning your investment can grow tax free.

Traditional IRA

  • Contributions subject to income requirements
  • Earnings are tax deferred until distribution
  • Distributions can begin at age 59½
  • Early withdrawals subject to penalty2
  • Required minimum distributions (RMDs) at age 73

Roth IRA

  • Contribute at any age, as long as you have a qualifying earned income
  • Contributions can be withdrawn without penalty
  • Distributions on earnings can begin at age 59½ and the account has been opened for at least 5 years.
  • Early withdrawals subject to penalty2
  • No required minimum distribution age
  • No age limit on making contributions as long as you have met the earned income requirements

 

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Disclaimers

1Please see a customer service representative or personal banking representative for current rate information, calculation method, fee schedule, and to obtain your copy of our Truth in Savings Disclosure.

2Certain exceptions may apply, such as qualifying health care circumstances such as terminal illness, disability or death, higher education or first-time home purchases.  Consult your personal tax or financial advisor.