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Contact Me at 813-484-7877

Retirement Accounts Made Clear

Whether you're self-employed, planning for retirement, or managing an inheritance, choosing the right IRA can make a big difference. Here’s how I help clients confidently navigate their retirement account options.

Traditional IRA

Ideal for: Individuals expecting to be in a lower tax bracket in retirement

  • Tax-deductible contributions (depending on income)

  • Tax-deferred growth

  • Required Minimum Distributions (RMDs) starting at age 73

Roth IRA

Ideal for: Savers expecting higher taxes in the future or younger investors

  • After-tax contributions

  • Tax-free growth and qualified withdrawals

  • No RMDs for the original account holder

SEP IRA

Ideal for: Self-employed individuals and small business owners

  • Higher contribution limits than Traditional and Roth IRAs

  • Employer-funded with tax-deductible contributions

  • Easy to set up and maintain

SIMPLE IRA

Ideal for: Small businesses with up to 100 employees

  • Allows both employee and employer contributions

  • Lower administrative costs than 401(k) plans

  • Straightforward to establish and manage

Inherited IRA 

Ideal for: Individuals who have inherited an IRA account

  • Rules vary depending on relationship to the original account holder

  • Often subject to 10-year withdrawal rule under the SECURE Act

  • Strategic distribution planning can help minimize taxes

Person reviewing financial charts and graphs

Retirement Accounts

Tax Advantaged Tools to Grow Your Retirement Savings

IRAs come in more than one flavor — and choosing the right type can make a big difference in how much you save, pay in taxes, and how flexible your retirement plan is.

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At Water Street Wealth Management, I help clients make sense of IRAs, Roth IRAs, SEP IRAs, SIMPLE IRAs, and Inherited IRAs, integrating them into a comprehensive retirement strategy. Whether you're a working professional, a small business owner, or managing an inherited account, I'll help you make smart, coordinated decisions that support your long-term goals.

The Wrong Account Could Cost You More Than You Think

Without a clear retirement strategy, you could miss out on tax savings, lock up your money unnecessarily, or end up with confusing Required Minimum Distributions later. I help you select and manage the right retirement accounts with intention, so every decision supports your broader financial plan.

How I Help With Retirement Account Planning

Selecting the right type of IRA based on your needs and income

Managing contributions, rollovers, and consolidations

Guiding backdoor Roth contributions for high-income earners

Planning tax-efficient Roth conversions

Navigating RMDs and withdrawal strategies

Integrating IRA strategies into your broader retirement, tax, and estate plan

Retirement accounts are a key part of building financial independence, but without a strategy, they can create unnecessary taxes, missed opportunities, or confusion. I’ll help you use these tools intentionally and in alignment with your full financial picture.

Let’s Build a Smarter Retirement Plan

Whether you’re trying to choose between a Traditional and Roth IRA, managing multiple retirement accounts, or looking to convert or consolidate, I can help you make sense of your options and create a long-term plan you can feel confident about.

IRA text on torn paper atop US dollar bills
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