Retirement Accounts

Start building your financial peace of mind today with a retirement account designed to help you live comfortably tomorrow.

Individual Retirement Account (IRA)

Features	Traditional IRA	Roth IRA
What’s the difference?	Contributions are tax-deductible, and earnings are taxed upon withdrawal. Withdrawals are penalty-free beginning at age 59 1/2. Distributions are required to start at age 73.	Contributions are not tax-deductible, but qualified earnings are tax-free upon withdrawal. Contributory withdrawals can be made at any time without incurring IRS taxes or penalties. Earnings withdrawals are also tax and penalty-free, provided certain conditions are met, such as reaching the age of 59 1/2 and fulfilling a 5-year holding period. Not required to take distributions
Terms	12 Months 24 Months 48 Months	No term or maturity date
Benefits	Earned interest is tax-deferred. Contributions may qualify for a tax credit.	Qualified earned interest is tax free. Contributions may qualify for a tax credit.
Contribution	Eligible to contribute if you earn compensation	Eligible to contribute if you earn compensation

Traditional IRA

Traditional IRA
What’s the difference?	Contributions are tax-deductible, and earnings are taxed upon withdrawal. Withdrawals are penalty free beginning at age 59 1/2. Distributions are required to start at age 73.
Terms	12 Months 24 Months 48 Months
Benefits	Earned interest is tax-deferred. Contributions may qualify for a tax credit.
Contribution	Eligible to contribute if you earn compensation.

Roth IRA

Roth IRA
What’s the difference?	Contributions are not tax-deductible, but qualified earnings are tax free upon withdrawal. Contributory withdrawals can be made at any time without incurring IRS taxes or penalties. Earnings withdrawals are also tax and penalty-free, provided certain conditions are met, such as reaching the age of 59 1/2 and fulfilling a 5-year holding period. Not required to take distributions.
Terms	No term or maturity date
Benefits	Qualified earned interest is tax free. Contributions may qualify for a tax credit.
Contribution	Eligible to contribute if you earn compensation.

Community Focus

When you bank with us, you are giving back to your local community. Your deposits stay local, helping to support economic growth on the Western Slope.

2024 Top Regional Bank
in the Nation

Timberline Bank was recognized as one of the top 250 regional banks in the United States by Newsweek two years in a row.

Excellent Customer Service

We go above and beyond in every aspect of customer service—when you call us, you’ll talk to a real, local person who’s ready to help.

Retirement Accounts

Account Comparison

Individual Retirement Account (IRA)

Start Investing in Your Future Today.

Account Comparison

Start Investing in Your Future Today.

Why Timberline Bank?

Let's Make Life Easier