Individual Retirement Accounts

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An Alaska USA^® IRA is a special savings plan with federal tax advantages that will help you safely accumulate a nest egg for your retirement years. It's another way to diversify and supplement your investment portfolio. Before making any decisions about opening or converting an IRA, be sure to consult with your tax advisor or accountant.

Alaska USA offers three type of IRAs:

Traditional Deductible IRAs
Traditional Non-Deductible IRAs
Roth IRAs

With any Alaska USA IRA you can:

Establish a supplement to your other retirement options.
Start your IRA with a deposit of only $50.
Earn quarterly dividends on a variable-rate IRA, with rates adjusted monthly based on money market conditions, or earn an even higher rate of return with a fixed-rate Tax-Deferred IRA Certificate of one to five years.
Access your IRA funds for a first-time home purchase or for qualified higher education expenses.
Make tax-deductible contributions to a spousal IRA, for a spouse who doesn't have a Qualified Retirement Plan.
Enjoy peace of mind, knowing your IRA is separately insured up to $250,000.

Visit the IRA Resource Center
The IRA Resource Center contains useful information to help you choose between different IRA options, and convert existing traditional IRAs to Roth IRAs if appropriate.

find out more

IRA Infosheet

IRA Frequently Asked Questions

Current rates & fees

IRA disclosure

IRA Resource Center

to open an account

Visit any branch location

Call the Member service center

online calculators

IRA Calculator

Roth IRA Calculator

How long could I withdraw?

How much money would I need to start?

Choose the IRA that best suits your needs:
	Traditional Deductible IRAs	Traditional Non-Deductible IRAs	Roth IRAs
Contributions tax deductible	Yes	No	No
Tax on earnings	Tax deferred	Tax deferred	Tax free1
Tax on withdrawals	On total amount	On earnings	Tax free
Penalty-free withdrawals for college expenses	Yes	Yes	Yes2
Penalty-free withdrawals for first home purchase	Yes	Yes	Yes3
Early withdrawal penalty	Yes	Yes	Yes
Maximum contribution for 2007 tax year 4	$4,000 5	$4,000 5	$4,000 5
Maximum contribution for 2008-2010 tax years 4	$5,000 5	$5,000 5	$5,000 5
Annual income limits for 2007 (will increase each year)	$103,000 joint $62,000 single ($83,000 joint $52,000 single for full deduction)	None	$166,000 joint $114,000 single ($156,000 joint $ 99,000 single for full deduction)
Withdrawals must begin	At age 70 1/2	At age 70 1/2	No requirement
Notes: 1) For qualified withdrawal and held for five years 2) Earnings are taxable 3) Earnings are taxable if withdrawn before five-year holding period 4) Total for all IRAs 5) IRA owners who have attained the age of 50 or more during the calendar year are elegible to contribute an additional "catch-up" contribution of up to $1000.

IRA Disclosure:

Traditional IRAs: You may deduct the amount of your contribution from your taxable income if you or your spouse are not active participants in an employer-sponsored pension or profit-sharing plan, regardless of your income level. If you or your spouse are active participants in an employee-sponsored pension or profit-sharing plan, your IRA contribution may still be fully or partially deductible, depending on your income level.

If you are a participant in a pension plan and have income above the levels allowed, you cannot claim a tax deduction for your IRA contribution. However, you can still make contributions into an IRA and the earnings in your account will accumulate, tax-deferred, until withdrawn.

In addition, there are new rules for couples where only one spouse participates in an employer's retirement plan. If filing a joint return with AGI not greater than $156,000, the spouse not participating in an employer retirement plan is eligible for a fully deductible contribution. A portion of the contribution will be deductible if the AGI is greater than $156,000 but less than $166,000.

Roth IRAs: All contributions to Roth IRAs are nondeductible; however, earnings are generally tax-free if they are part of a qualified distribution. Contributions may be withdrawn tax-free at any time. The sum of an individual's contributions to either the Traditional, or the Roth, or to both IRAs is limited to $3,000 per year, based on wages and compensation. Eligible contributions to Roth IRAs are graduated depending on your income level.

There are no qualification or eligibility requirements for members. There is a minimum deposit required of $50; no fees will be charged to an IRA account if a balance of $50 or more is maintained. IRA accounts are subject to early withdrawal penalties.

For complete account information, refer to the Share Account Disclosure Statement. You will also receive one at the time an account is opened.

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