https://pressroom.prlog.org/Lon-Jefferies/ About Net Worth Advisory Group - Fee-Only Financial Planner Net Worth Advisory Group 6975 Union Park Center, Suite 465 Midvale, UT 84047 https://www.prlog.org/12278057-net-worth-advisory-group-in-salt-lake-city-utah-warns-investors-to-take-the-right-lesson-from-2013.html 2013 was viewed as a very positive year by investors. The S&P 500 index (measuring large cap U.S. stocks) was up 32.39% for the year. However, the reality is most other asset categories didn’t come close to keeping up with the pace set by U.S.Tue, 04 Feb 2014 23:16:00 GMT https://www.prlog.org/12262653-michael-berry-strengthens-the-fee-only-financial-planning-team-at-net-worth-advisory-group.html Mr. Berry has a diverse resume with work experience in the financial services industry working as a registered representative and a commercial real estate analyst. Additionally, he has worked in manufacturing as an operations manager.Thu, 02 Jan 2014 19:14:02 GMT https://www.prlog.org/12195596-net-worth-advisory-group-in-salt-lake-city-utah-warns-about-mistakes-made-with-target-date-funds.html The philosophy of these funds is that as one ages, the proportion of stocks in their portfolio should decline, while their exposure to less volatile fixed-income positions increases. However, the timing of the retiree's expenses should be considered.Mon, 19 Aug 2013 18:03:17 GMT https://www.prlog.org/12159232-net-worth-advisorys-david-luke-cmp-mba-receives-masters-degree-in-financial-planning.html Financial Advisor Steps Into a League of His Own with Masters DegreeTue, 18 Jun 2013 19:44:16 GMT https://www.prlog.org/12142081-net-worth-advisory-group-in-salt-lake-city-utah-evaluates-the-volatility-of-todays-stock-market.html General investor sentiment suggests that most investors view the market of the new millennium as more volatile and fragile than it’s been in the past.Tue, 21 May 2013 22:50:03 GMT https://www.prlog.org/12126592-net-worth-advisory-group-in-salt-lake-city-utah-asks-if-you-survived-the-flash-crash-of-2013.html Within three minutes on April 23, the Dow Jones Industrial Average lost nearly 150 points, and approximately $136 billion of market value was wiped out. The recovery was just as fast, and many Americans weren't aware of the events. So what happened?Fri, 26 Apr 2013 16:52:52 GMT https://www.prlog.org/12046553-net-worth-advisory-group-in-salt-lake-city-utah-says-most-financial-advisors-arent-true-planners.html While good advice from a qualified financial planner can mean the difference between a successful retirement and outliving your money, I wouldn’t trust most financial advisors with my own money, and I don’t think you should either.Wed, 19 Dec 2012 21:35:18 GMT https://www.prlog.org/12045778-net-worth-advisory-group-in-salt-lake-city-utah-says-working-with-financial-advisor-is-valuable.html HSBC recently published an article titled “The Future of Retirement, The Power of Planning” which compares the circumstances of investors who work with a financial planner to those who invest on their own. Was having a financial advisor worth it?Tue, 18 Dec 2012 22:46:27 GMT https://www.prlog.org/12036475-net-worth-advisory-group-in-salt-lake-city-utah-researches-how-tax-rates-impact-the-stock-market.html Do higher taxes equate to negative stock market returns? Does any one economic variable accurately predict stock market performance?Wed, 05 Dec 2012 17:25:58 GMT https://www.prlog.org/11940787-net-worth-advisory-group-in-salt-lake-city-utah-discusses-taking-social-security-early.html The media is currently buzzing about how you should delay taking Social Security until age 70 in order to maximize your monthly benefit. Let’s examine a fairly typical retiree and determine if it pays to postpone receiving Social Security checks.Tue, 04 Dec 2012 19:38:09 GMT https://www.prlog.org/12034236-net-worth-advisory-group-recognized-as-the-exemplary-financial-planning-firm-in-salt-lake-city-utah.html Net Worth Advisory Group is proud to announce it has been listed as a Premier Advisor of Utah by NABCAP. Additionally, the study recognized Net Worth Advisory Group as the “Exemplary Wealth Advisor” in financial planning in the State of Utah.Tue, 04 Dec 2012 19:36:44 GMT https://www.prlog.org/11961066-net-worth-advisory-group-in-salt-lake-city-utah-says-concerning-trading-frequency-less-is-more.html Some people wonder if they are active enough with their investments if they don't make changes frequently. In reality, study after study concludes that when it comes to portfolio turnover, less is likely more.Fri, 30 Nov 2012 18:19:24 GMT https://www.prlog.org/11962034-net-worth-advisory-group-in-salt-lake-city-utah-on-the-difference-between-fee-based-and-fee-only.html Broker-dealers argue it is possible to collect sales commissions and also give trustworthy advice. Other advisors and regulators believe an advisor’s vision is clouded once the investment choices include products paying sales commissions.Fri, 30 Nov 2012 18:13:13 GMT https://www.prlog.org/11940775-net-worth-advisory-group-in-salt-lake-city-utah-says-buying-an-immediate-annuity-may-not-be-wise.html Guaranteed income annuities (also known as immediate fixed annuities) are becoming increasingly popular as a result of recent stock market volatility.Thu, 06 Sep 2012 18:51:10 GMT https://www.prlog.org/11911783-net-worth-advisory-group-in-salt-lake-city-utah-describes-the-rule-of-72.html The Rule of 72 is a mental shortcut to estimate the effect of compound interest. Compound interest is powerful; make sure it works for you and not against you!Fri, 29 Jun 2012 19:02:00 GMT https://www.prlog.org/11910707-net-worth-advisory-group-in-salt-lake-city-utah-provides-investors-with-investment-truisms.html The financial advisors at Net Worth Advisory Group recently pooled their knowledge from nearly 100 years of experience to create a list of truisms about investing. Some of these truisms are as follows:Thu, 28 Jun 2012 18:39:00 GMT https://www.prlog.org/11877235-net-worth-advisory-group-in-salt-lake-city-ut-explains-why-you-shouldnt-trust-financial-advisors.html A client requested my opinion of an annuity he was considering. The week-long exchange between myself, the annuity salesman, and the client turned out to be an illustration of what people should beware of when evaluating a financial advisor.Thu, 17 May 2012 02:10:01 GMT https://www.prlog.org/11877231-net-worth-advisory-group-in-salt-lake-city-utah-examines-guaranteed-income-annuities.html A client asked my opinion of an annuity offering an 8% guaranteed return and a 5.5% bonus just for investing. Essentially, he could invest $439k today and get $56k every year for the rest of his life starting in ten years. Was this a good investment?Thu, 17 May 2012 01:54:48 GMT https://www.prlog.org/11831784-net-worth-advisory-group-in-salt-lake-city-utah-addresses-the-urgent-need-to-save-for-retirement.html Along with eliminating consumer debt, the best financial action young individuals can take is to save early and save often. But exactly how much saving is necessary to enjoy a basic retirement? The answer will likely surprise you.Thu, 22 Mar 2012 21:21:07 GMT https://www.prlog.org/11814536-net-worth-advisory-group-in-salt-lake-city-utah-addresses-all-the-hype-around-dividend-stocks.html Low interest rates have been devastating for people who have a low tolerance for risk. Investors are turning toward alternatives that pay higher returns but carry more risk. Among these alternatives are stocks that pay reliable dividends.Fri, 02 Mar 2012 19:06:27 GMT https://www.prlog.org/11787718-net-worth-advisory-group-in-salt-lake-utah-offers-the-bucket-method-to-investment-diversification.html Proper asset allocation ensures the portfolio represents the investor's risk tolerance. The method allows participation in market growth but ensures funds will be available when they are needed.Thu, 02 Feb 2012 19:58:00 GMT https://www.prlog.org/11787709-net-worth-advisory-group-in-salt-lake-city-utah-challenges-investors-with-the-chalkboard-test.html An investor's ability to adequately pass this "chalkboard test" is crucial to their long-term success. How can an investor be confident they are taking appropriate actions if they aren't sure how they chose their investments?Wed, 01 Feb 2012 19:52:32 GMT https://www.prlog.org/11762851-net-worth-advisory-group-in-salt-lake-city-utah-explains-why-portfolios-under-performed-in-2011.html Investors will receive their year-end statements for 2011 and analyze their returns for a volatile year. When comparing their returns to popular indexes, such as the S&P 500, many investors may see that their portfolio produced a lower return.Tue, 03 Jan 2012 20:33:07 GMT https://www.prlog.org/11739048-net-worth-advisory-group-in-salt-lake-city-utah-provides-investors-with-year-end-action-list.html Prior to the end of the year there are three things that should be addressed: capital gains, required distributions, and Roth IRA conversions. If your advisor hasn’t reached out to you to address these issues it may be time to hire another advisor.Thu, 01 Dec 2011 23:46:24 GMT https://www.prlog.org/11739045-net-worth-advisory-group-in-salt-lake-city-utah-warns-employees-to-expect-changes-to-their-401k.html Next year, 401(k) plan participants will see the true cost of their retirement accounts for the first time – and many will not be pleased. In April 2012, long-awaite rules designed to improve fee transparency in 401(k) plans will go into effect.Thu, 01 Dec 2011 23:42:16 GMT https://www.prlog.org/11725922-net-worth-advisory-group-designated-as-premier-advisor-in-salt-lake-city-utah-by-the-nabcap.html Net Worth Advisory Group announced today that they have been recognized as a Premier Advisor in Salt Lake City, Utah, by the National Association of Board Certified Advisory Practices.Wed, 16 Nov 2011 18:30:34 GMT https://www.prlog.org/11699672-net-worth-advisory-group-in-salt-lake-city-utah-compares-todays-market-environment-to-the-past.html The human mind has a unique way of interpreting events relating to investing hard-earned money. Today’s problems will always seem more difficult and numerous than yesterday’s problems.Tue, 18 Oct 2011 21:25:19 GMT https://www.prlog.org/11685413-net-worth-advisory-group-in-salt-lake-city-utah-provides-tips-on-roth-ira-recharacterizations.html In 2010, many people converted their traditional retirement accounts to a Roth IRA. After the rough year we've experienced in the equities markets, some people may be wishing they had waited. Believe it or not, the IRS is willing to give you a break.Thu, 06 Oct 2011 00:29:54 GMT https://www.prlog.org/11659968-net-worth-advisory-group-of-salt-lake-city-utah-examines-the-8-most-common-investment-mistakes.html A study concluded the average stock investor earned a 3.83% annual return from 1991-2010, while the S&P 500 generated a 9.14% return over the same period. The study concluded that investor behavior tends to cause investors to underachieve the market.Thu, 15 Sep 2011 18:19:00 GMT https://www.prlog.org/11644302-curtiss-smith-strengthens-the-fee-only-financial-planning-team-at-net-worth-advisory-group.html Net Worth Advisory Group in Salt Lake City, Utah, announced that R. Curtiss Smith as joined their team of Fee-Only Financial Advisors. Mr. Smith is a graduate of Brigham Young University and has experience as a financial consultant.Thu, 01 Sep 2011 18:56:51 GMT https://www.prlog.org/11638308-net-worth-advisory-group-of-salt-lake-city-utah-examines-whether-401k-loans-are-good-solution.html Most people need to borrow money at some point, but is borrowing from a 401(k) plan the best solution? Borrowing from a 401k plan is unique in that you're borrowing from yourself instead of a third party. However, you may forgo important benefits.Fri, 26 Aug 2011 18:24:59 GMT https://www.prlog.org/11589480-lon-jefferies-of-net-worth-advisory-group-obtains-certified-financial-planner-cfp-designation.html Lon Jefferies, an independent fee-only financial advisor with Net Worth Advisory Group in Salt Lake City, Utah, has obtained the Certified Financial Planner (CFP®) designation.Tue, 19 Jul 2011 18:34:00 GMT https://www.prlog.org/11521165-net-worth-advisory-group-of-salt-lake-city-utah-retirement-planning-is-more-than-money.html People often focus their retirement planning efforts on meeting financial goals while neglecting other equally important issues. Questions involve not just what financial resources you will have, but how you will use your time during retirement.Wed, 01 Jun 2011 17:34:56 GMT https://www.prlog.org/11448598-net-worth-advisory-group-of-salt-lake-city-utah-strengthens-senior-management-team.html Net Worth Advisory Group is pleased to announce the hiring of Merrit Arnell as Director of Operations and Finance. Merrit has over 25 years of experience in business and project management.Wed, 20 Apr 2011 19:17:02 GMT https://www.prlog.org/11419207-net-worth-advisory-group-of-salt-lake-city-utah-publishes-book-addressing-financial-questions.html Net Worth Advisory Group is offering an e-book titled "Understanding Financial Terms" at no cost. Each chapter of the e-book covers a commonly misunderstood financial topic. The book can be downloaded from Lon Jefferies' financial blog.Tue, 05 Apr 2011 19:27:55 GMT https://www.prlog.org/11406200-net-worth-advisory-group-of-salt-lake-city-utah-addresses-investing-during-global-uncertainty.html Recent “cataclysmic” events will be approximately the fifteenth time the world was supposed to end since 1981, when some individuals at Net Worth Advisory Group began their careers as financial advisors. Should investors be worried?Tue, 29 Mar 2011 20:35:00 GMT https://www.prlog.org/11388707-how-do-equity-indexed-annuities-stack-up.html Sales of equity indexed annuities have grown in recent years. These are complex investments and because salespeople are paid large commissions for promoting these products it’s difficult to get an objective opinion on whether they're right for you.Mon, 21 Mar 2011 19:27:51 GMT https://www.prlog.org/11281886-net-worth-advisory-group-of-salt-lake-city-utah-addresses-the-possibility-of-bond-bubble.html Lately, many clients have express worries that the bond market will continue to decline in value. Consequently, individuals have wondered whether they should sell their bond positions.Mon, 07 Feb 2011 22:08:56 GMT https://www.prlog.org/11241004-net-worth-advisory-group-of-salt-lake-city-utah-highlights-excessive-401k-fees-and-what-to-do.html 401(k) plans can involve a long list of costs and fees, some of which are covered by the employer and some by the employee. However, with some effort and diligence, you have the ability to drastically reduce these costs.Fri, 21 Jan 2011 19:38:41 GMT https://www.prlog.org/11228364-net-worth-advisory-group-of-salt-lake-city-utah-contributes-to-wealth-management-industry-outlook.html David Swapp, Certified Financial Planner and partner at Net Worth Advisory Group, a fee only financial planning firm in Salt Lake City, Utah, contributes to a round table discussion concerning the wealth management industry.Tue, 18 Jan 2011 00:29:58 GMT https://www.prlog.org/11228341-net-worth-advisory-group-of-salt-lake-city-utah-named-top-financial-planner-by-independent-study.html Net Worth Advisory Group in Salt Lake City, Utah, was named a top financial planning firm by an independent study by NABCAP. The firm was found to excel at retirement planning, financial planning, investment management, and portfolio management.Tue, 18 Jan 2011 00:10:13 GMT https://www.prlog.org/11198381-net-worth-advisory-group-of-salt-lake-city-utah-shares-investing-resolutions-everyone-can-utilize.html Enjoy these six sensible investment resolutions published by Dimensional FundsWed, 05 Jan 2011 23:13:40 GMT https://www.prlog.org/11147225-net-worth-advisory-group-of-salt-lake-city-utah-reviews-details-of-obamas-new-tax-deal.html There has been some confusion about Obama's proposed tax legislation. This is a summary of the items being discussed.Mon, 13 Dec 2010 18:08:46 GMT https://www.prlog.org/11129109-net-worth-advisory-group-of-salt-lake-city-utah-acquires-practice-and-opens-arizona-office.html Net Worth Advisory Group, one of Salt Lake City’s leading Fee Only Registered Investment Advisory firms, announced it has obtained the advisory firm of Luke Wealth Strategies and has expanded with the opening of its Scottsdale Arizona office.Mon, 06 Dec 2010 17:50:40 GMT https://www.prlog.org/11116930-ray-levitre-of-net-worth-advisory-group-in-salt-lake-city-utah-make-appearance-of-ksl-studio-5.html Ray LeVitre, founder of Net Worth Advisory Group, a fee-only financial planning firm, appeared on the KSL Studio 5 program to discuss factors investors should consider before year-end. Topics included reducing tax liability and Roth IRA conversions.Wed, 01 Dec 2010 18:15:57 GMT https://www.prlog.org/11113835-net-worth-advisory-group-of-salt-lake-city-utah-promotes-low-investment-fees.html Net Worth Advisory Group of Salt Lake City, Utah, disclosed a comparison of the costs involved with investing through their service as opposed to investing in mutual funds. The comparison utilizes costs identified in a new study by State Street Corp.Tue, 30 Nov 2010 20:13:53 GMT https://www.prlog.org/11094652-net-worth-advisory-group-of-salt-lake-city-utah-named-top-financial-planner-by-independent-study.html Net Worth Advisory Group in Salt Lake City, Utah, was named a top financial advisor by an independent study. Net Worth Advisory Group was found to excel at retirement planning, financial planning, investment management, and portfolio management.Wed, 24 Nov 2010 00:17:08 GMT https://www.prlog.org/11085381-net-worth-advisory-group-in-salt-lake-city-utah-releases-tips-for-reducing-tax-liability.html Tax planning has always been a challenging element of the financial planning process. This year it has been especially difficult because of the pending changes to the tax code. So how do we properly tax plan in the face of such uncertainty?Fri, 19 Nov 2010 22:41:47 GMT https://www.prlog.org/11073516-net-worth-advisory-group-of-salt-lake-utah-participates-in-annual-wealth-management-roundtable.html As a leader in Utah's financial industry, Net Worth Advisory Group participated in Utah Business Magazine's annual Wealth Management Roundtable on Thursday, November 11, 2010. An edited transcript of the discussion will appear in the December issue.Mon, 15 Nov 2010 22:08:35 GMT https://www.prlog.org/11048101-net-worth-advisory-group-founder-and-author-of-20-retirement-decisions-appears-on-ksl-studio-5.html On November 2, 2010, Ray LeVitre, founding partner of Net Worth Advisory Group, a fee-only financial planning firm, appeared on the KSL Studio 5 program to discuss the factors investors should consider when identifying a qualified financial advisor.Thu, 04 Nov 2010 19:30:23 GMT