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  • Principal contributions can be withdrawn without penalty1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 for current rate information, calculation method and to obtain a copy of our Truth in Savings Disclosure.

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

4Consult a tax advisor.