401(k) and IRA Advisor in Florida


If you’re an employer in Florida or a Floridian individual investor needing investment advice about your 401(k) plan, having a 401(k) advisor who is passionate about helping you can be very beneficial. Our advisors study both national nuances and Florida-specific considerations of 401(k)s to offer assistance and investment advice regarding your 401(k).

At Oxford Advisory Group, we aim for our clients to have a successful retirement through reliable wealth management advice and receive value for the money invested in their 401(k).



An Individual Retirement Account (IRA) is an investment account that enables retirement savings while making tax benefits available for people around the nation, including Florida & South Carolina. The contributions made to an IRA are tax-deductible. However, when contributions are withdrawn, they are taxed.

At Oxford advisory group, we prioritize effective IRA retirement planning to give our clients peace of mind and rest while they save and invest toward their retirement.

One way you can plan for retirement is through IRA retirement planning.


What is a 401k?

A 401(k) is a retirement saving and investment plan with tax benefits offered by employers in the US. The plan sponsor, typically the employer, pays a percentage of the employee’s salary to an investment option or savings account chosen by the plan participant or employee.

A 401(k) is a financial planning tool designed to encourage savings and investment toward retirement, and you can either choose the traditional 401(k), the ROTH 401(k), or both.

401k financial advisor for Employers in Florida & South Carolina

The obligation on employers of 401(k) plans is enormous. They are required to do the following:

  • Understand the needs of employees
  • Deliver the right service provider
  • Pick the best plan and design provisions
  • Choose and keep track of investments
  • Keep an eye on legislative changes
  • Ensure the proper administration of your plan
  • Educate and inform plan participants

If these steps are followed, the plan should help employees achieve their retirement goals and help the business keep valuable employees on board.

But how do you know if your 401(k) plan is working for your employees in Florida? What are the criteria for choosing providers and investments? Does your organization have the capabilities in-house to take on these responsibilities?

Some of these responsibilities and requirements can be daunting for employers, and this is why you should consult a Florida 401(k) financial advisor.

Unless your business has professional 401(k) plan experts exclusively dedicated to handling employee retirement plans and issues, it’s a smart decision to consult a 401(k) financial advisor who is passionate about helping you maximize the 401(k) possibilities for your company and your employees.

401k financial advisor for Individuals in Florida & South Carolina

A 401(k) financial advisor in Florida can also help individuals make the most of their 401(k) plans. Professional advisors will consult with you about your financial goals, including your ideal retirement timeframe, any travel you desire to do after retirement, or other dreams and plans you have for post-retirement life.

A 401(k) financial advisor can also assist you in investing to achieve these goals as you prepare for retirement.

Contact us at Oxford Advisory Group today to get started!

401(K) Frequently Asked Questions

What is an IRA retirement plan?

IRA retirement planning is designed primarily for self-employed people who do not have access to the 401k retirement account, which only an employer can give. It is a great way to save for the future while enjoying tax advantages. It can be opened through a bank, investment company, or IRA advisor.

Types of IRA include Traditional IRA, Roth IRA, Payroll deduction IRA, Simplified employee pension plan, Simple IRA, and Salary Reduction Simplified Employee Pension Plan.

Contributions to a Traditional IRA

Traditional IRA is an IRA where you can contribute pre-tax or after-tax savings and get tax benefits on tax-deductible contributions. Below you'll find useful information about taxes, withdrawals, and traditional IRA contribution eligibility.

Taxes & Withdrawals

In a traditional IRA, tax payment is not needed when contributing to the account until contributions are withdrawn from the IRA account.
Your contributions to the account can make you entitled to a tax deduction claim yearly, but not everyone is entitled to a tax deduction claim.

Also, you can withdraw from your traditional IRA account at the age of 59½. If you withdraw before turning 59½, you will pay taxes and a 10% withdrawal penalty.

From age 59½ to 72, there is no withdrawal penalty. You can decide not to take your traditional IRA distributions after you turn 59½ years old, but when you get to age 72, you must start receiving the required minimum distributions.

Eligibility to Contribute

Everyone who earns an income can contribute to a traditional IRA, even if they already have a 401k account. The limitation of a traditional IRA is that there is a total amount you can contribute in a year.

Maximum Allowed Contribution

The maximum allowed contribution for the year 2022 is $6000, while for the year 2023 is $6500. However, for those aged 50 years or older, you can pay a catch-up contribution of $1000 in addition to the maximum allowed contribution, which in total is $7000 for the year 2022.

IRA financial advisor in Florida & South Carolina

An IRA advisor focuses on IRA retirement planning and can help you make the right decision when it comes to choosing the right IRA plan for you. If you are planning to roll over from an employer-based retirement account, you should consult an IRA advisor to guide you through every step of the way.

Reach out to us if you are in Florida or other parts of the country. If you have questions about IRA rollovers or IRA retirement planning and you need an IRA advisor. Contact us today!

IRA Frequently Asked Questions

Ready to Take The Next Step?

For more information about any of the products and services we offer, schedule a meeting today or register to attend a seminar.