What types of retirement accounts does US Trust offer?

US Trust offers a variety of retirement account options to meet the diverse needs of individuals seeking to save for their future. Among the most common retirement accounts are individual retirement accounts, or IRAs, which can include traditional IRAs and Roth IRAs. A traditional IRA allows individuals to contribute pre-tax income, potentially decreasing their taxable income in the current year, while taxes are paid upon withdrawal during retirement. In contrast, a Roth IRA is funded with after-tax income, providing the benefit of tax-free withdrawals in retirement, provided certain conditions are met. Additionally, US Trust provides options for employer-sponsored plans, such as 401(k) plans, which enable employees to save for retirement while benefiting from potential employer matching contributions. Simplified Employee Pension plans, or SEPs, and Savings Incentive Match Plans for Employees, or SIMPLEs, are also available for small businesses to help their employees save for retirement. For precise and detailed information about specific options and features, it is advisable to explore the current website of US Trust, where one can find more insights and potentially relevant contact information for personalized inquiries.