Net Worth Advisory Group of Salt Lake City, Utah, Offers Special Analyzing 401(k) Plans

April 19, 2010 - PRLog -- Net Worth Advisory Group, a fee-only financial planning firm in Salt Lake City, Utah, is currently extending a special offer to examine and optimize a client's 401(k) plan. The offering will ensure the client has a diversified portfolio that matches their risk tolerance. Additionally, the special will reveal which 401(k) investment options have produced superior results, and will detail the underlying costs of investing in each mutual fund provided by the 401(k).

Do you know your 401(k)'s current allocation between stocks, bonds, and cash? Most people don't. Study after study indicates having an appropriate asset allocation is the most important factor in determining investment success. If you have a portfolio that consists of a proportion of stocks to bonds that is too low or high relative to your risk tolerance, you will either not achieve your investment objectives or you will constantly lose sleep when your nest egg is declining faster than you can handle. Analyzing and identifying your risk tolerance is included in the special, as is determining the asset allocation of your current portfolio, as well as developing a stocks/bonds/cash mix that accommodates your needs.

Ensuring your 401(k) is adequately diversified is also be part of the process. Net Worth Advisory Group will make sure clients are investing in not only large cap stocks, but mid caps, small caps, and international stocks as well. Additionally, the planner will ensure the client has exposure to not just corporate bonds, but government and international bonds. Of course, determining the highest performing investment option in each asset category and identifying the percentage of your portfolio that should be placed into each portion of the diversification chart is also included.

Do you know the cost of each investment option within your 401(k)? Again, most people don't. Net Worth Advisory Group will identify the expense ratio of each mutual fund in your 401(k). After all, investing in a fund that is producing a high return doesn't do any good if the return is being consumed by outrageous fees.

A small increase in performance or reduction in cost in a portfolio can have a profound impact on retirement. An individual with a $500,000 nest egg earning 7% annually will be able to withdraw $42,905 each year between ages 65 and 90. If performance is enhance or costs are reduced, generating an extra 1% of annual return, the individual will be able to withdraw $46,839 each year until reaching age 90. That is an increase of nearly $4,000 per year!

For more information, visit http://www.utahfinancialadvisor.blogspot.com.

About Mr. Jefferies

Lon Jefferies is an investment advisor representative with Net Worth Advisory Group, a fee-only financial planning firm in Salt Lake City, Utah. He is a member of the National Association of Personal Financial Advisors (NAPFA) and a candidate for CFP™ certification. He possesses an MBA and bachelor's degrees in Finance and Marketing from the University of Utah. Lon writes articles for local magazines such as Business Connect and Utah Business Magazine, and he consistently contributes articles to online magazines such as FIGuide.com and FILife.com (by The Wall Street Journal). Additionally, Lon is a platinum expert author at EzineArticles.com. Lon has been quoted nationally in publications such as the NY Times and Investment News.

Contact Info

View Lon's blog at http://www.utahfinancialadvisor.blogspot.com, and visit Net Worth Advisory Group's home page at http://networthadvice.com. Lon can be emailed at lon@networthadvice.com, or phoned at (801) 566-0740.

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Fee-Only Financial Planner
Net Worth Advisory Group
6975 Union Park Center, Suite 465
Midvale, UT 84047