At Wilcox Financial Group, LLC, we provide expert assistance in the following areas:

We can help you establish an IRA and determine if you should be using a traditional (pre-tax) or Roth (post tax)! The Traditional IRA is not going to be taxed today, grow tax differed and then when you retire and take distributions, you’ll pay the taxes then! Money going into a ROTH IRA is going to be taxed today, but its going to grow tax free, and distributions can be tax free too (with certain limitations)!

*Everyone’s financial situation is different we will work with a tax consultant to help determine what’s right for you. 

We’re fully licensed registered representative and investment advisor representatives, so if you need to purchase investments like stocks, bonds, ETF’s, and Mutual funds, we can do that for you and we will educate you along the way! Have an investment account already and just need a second set of eyes or someone to help you manage it? That’s also right in our wheelhouse.

Have people in your life you love and want to make sure they’re taken care of when you die? Have debt you need to make sure can be paid off in the event you die? We can help determine how much life insurance you need and what kind! There’s a lot of information out there about life insurance, and there are a lot of different types: Term, Whole Life, Universal and Variable Universal life- it’s our mission to make sure you get what’s right for you and you understand what you’re buying!

Can you continue to maintain your lifestyle, save or pay your bills if you weren’t getting your paycheck anymore? Disability income insurance helps replace your income in the event you were sick for a long period or injured and unable to work. Many people have a group plan through their employer, but it may not be enough. We help determine what’s right for you and making sure you have adequate coverage. Having cancer or being seriously hurt from an accident is awful, and it’s worse when money becomes a problem.

We are living longer than ever before and you might need help at some point. The cost  of care when we age, whether you want a nurse to come to your home, assisted living, or need full tie nursing home care; it can be costly and can evaporate your hard-earned assets FAST! Having a plan for yourself and your family can help ensure you are able to be safe and comfortable and have the best care without having to burden your loved ones.

Annuities can have a bad rep and they aren’t right for everyone. Occasionally though, they provide some pretty awesome guarantees that if it’s the right fit you may appreciate. There are fixed annuities and variable annuities, both come with a lot of different options and many companies sell them. If you have questions, we have answers! We can educate you on the details, fees involved and how they work. We can help determine if an annuity fits into your financial plan!

These plans can have some nice tax perks if you plan on sending your kids to college, however they must be used for college! If this is a goal, lets chat about what option may be best for your family.

Are you a NYS teacher for one of the public schools and want to start saving for retirement? You have a 403(b) as an option, and we can help set that up for you! We’ll talk about the investment options, how much you should think about saving per your individual situation and how a 403(b) works!

Helping you achieve your financial goals is paramount for us. Our financial planning services are listed under the “Fee based financial planning” section on our website. It’s our mission to make sure you aren’t meeting with us just one time and never hearing from us again, but understating your financial situation in terms you understand! We provide financial coaching to work with you throughout the planning process, checking in to make sure you’re staying on track to reach whatever it is that’s important to you. We keep it simple, fun and practical!

If your business isn’t ready for the full commitment yet of a 401(K) plan a SIMPLE IRA or SEP IRA are pre-tax employer sponsored plans that don’t have annual administrative costs. These plans are simple to maintain and each have their own set of pros and cons we will review with you!

Group retirement plans that can be pre-tax and have a ROTH savings feature too. Qualified retirement plans are a great way to attract and retain employees. We work with business owners to either set up a plan that meets the company’s goals and vision, OR review a plan that is currently in place to see if we can add value! Often, we’re able to enhance the plan service and provide options that may be more in line with how the companies changed over time. We also constantly audit plans to see if fees can be lowered!

Supplemental disability insurance can be offered to groups as a guaranteed issue of 25 people or more, or as a voluntary supplant plan to group disability insurance already provided by the company! This is a great way to make sure that employees have full coverage for anything the group plan may fall short on. Often if group disability is taxable, this can help cover that gap, or protect bonus and commission checks! Everyone and every company is different, so talk to us about how this can work for you!

This is a great solution for companies looking for a rich portable benefit for employees as an alternative or added benefit to the traditional group term insurance. This is for you if your company has more than 50 employees.

Looking to provide additional benefits or compensation to your Key employees? We can custom tailor strategies for the people you want to reward and talk about what may be an effective strategy!  

In business with a partner(s)? You should have a legal document that talks about a buy-sell strategy in the event of death, disability, divorce or retirement. Often, if one of the owners in a company dies or is disabled it creates financial strain on a company and funding this can be imperative to future operations. We have years of experience and resources to find solutions to fund gaps you don’t want exposure too!

If you aren’t planning on working until you die and you want to make sure there’s an effective business transition, exit or succession for you, it’s a good idea to have a solid plan in place -years in advance! Of course, things change and all plans should have a level of flexibility, however the sooner you start down the road for this, the greater chance of success.

Employees have a lot on their plate, and many benefits are offered to them for health, retirement and protecting their family. However, what about their current financial situation or knowing if their retirement is properly funded? We have many different financial wellness programs for employees that can be in group workshops or individual planning for select employees as an extra benefit. Financial wellness is no joke and the benefits can be exponential in the workplace.