Services

Individual Retirement Plans

Individuals have a number of investment choices for their retirement. We work with you to recommend the best options such as:

• Company retirement plans (e.g., 401(k) and 403(b) plans) that allow pre-tax dollars to grow tax deferred. Proceeds are taxed as ordinary income.
• Traditional Individuals Retirement Accounts (IRAs) that allow after-tax dollars to grow tax deferred. Proceeds are taxed as ordinary income.
• Roth IRAs where after-tax dollars grow tax deferred and proceeds are tax free.

Small Business Retirement Plans

Simplified Employee Pensions allow taxable businesses and tax- exempt organizations to contribute toward employee retirement with funds growing tax deferred.

Simple IRAs allow employees to contribute after-tax dollars and employers to match those contributions for employees’ retirement with funds growing tax deferred.

401(k)s allow the employer and the employee to contribute pre-tax dollars and employers to match those contributions for employees’ retirement. Funds grow tax deferred.

Long Term Care

Long Term care Options and how to pay for them are very important as we never know what lies ahead. At Tidewater Financial Group, we work with you to determine the best options to help you remain independent while maintaining your standard of living. Options we consider include:

• Reverse Mortgages that give you access to the equity in your home for any purpose.
• Annuities that provide you with a monthly income so you don’t outlive your assets.
• Long Term Care Insurance that provides funds in case you need in-home care or you need to move to an assisted living facility or a nursing home.

Education Funding

Education Funding Options allow you to help with education costs for your children and grandchildren. Options include Pre-paid tuition plans, Education IRAs, and 529 plans.