Financial Advisors Utah | Fee Only Financial Planner

Whatever Your Wealth Management Needs, We Can Help

SOON TO RETIRE

Making the transition from the workplace to retirement in the next 1-3 years.

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Net Worth Advisory Group specializes in helping people transition from the workplace to retirement. The financial plans we develop for these clients address the questions that are commonly asked by people entering this exciting stage of life. Specifically, we help these clients:

Determine the most profitable time to begin taking Social Security benefits
Establish a budget that maximizes their capacity to spend while remaining confident they won’t outlive their money
Understand their options regarding what to do with their 401K and other retirement accounts
Analyze their need for supplemental life, health, and long-term care insurance
Ensure their portfolio is allocated properly to generate acceptable returns while minimizing volatility and risk
Calculate whether their pension should be taken over time or in a lump sum
Examine the tax benefits of converting their retirement accounts to a Roth IRA
Construct a cash flow system that ensures adequate funds to continue their standard of living will always be liquid and accessible

ALREADY RETIRED

Many important decisions still remain. Most importantly, ongoing investment portfolio management.

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Of course, many of Net Worth Advisory Group’s clients are already enjoying their retirement years. These clients usually find value in knowing that a professional is still providing guidance with every financial decision they make, and prefer to delegate the task of asset management to their fee-only advisor so they can focus on more enjoyable tasks. We help our retired clients:

Correlate the transformation of investable assets into cash with their spending schedule
Maintain an investment portfolio that is assertive enough to meet their goals while minimizing risk
Develop strategies for dealing with outdated 401K and other investment accounts, while providing techniques to replace expensive and inefficient investments like variable annuities
Ensure their estate planning documents are up-to-date, and clarify which estate planning documents (wills, trusts, power of attorneys, etc.) would be beneficial for the client to have
Evaluate their need for supplemental health and long-term care insurance
Determine the benefits and drawbacks of paying off their mortgage balance
Understand their ability to gift assets to loved ones without tax implications, and construct a schedule for passing their estate to future generations while minimizing taxes

SUCCESSFUL PROFESSIONALS

Whether you’re a successful executive, doctor, lawyer, or dentist, we understand your lifestyle needs.

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A significant portion of Net Worth Advisory Group’s clients consists of successful professionals such as business executives, doctors and attorneys. As these individuals commonly have the financial ability to develop significant wealth, a financial plan to maximize their resources is crucial. Our comprehensive financial plans help these clients:

Design and implement a savings schedule to help them meet their objectives, regardless of whether their goal is to enjoy a luxurious retirement, retire early, or construct a significant estate to pass to heirs.
Develop investment strategies that produce targeted rates of return while limiting risk in both their retirement plans and private investment accounts
Examine ways to reduce taxes
Create a schedule and strategy for reducing debt
Ensure they have adequate life and disability insurance coverage
Establish and fund education accounts for their children’s college education

BUSINESS OWNERS

Business owners and entrepreneurs face unique challenges. We understand.

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Business owners and entrepreneurs face unique challenges. Net Worth Advisory Group provides comprehensive retirement planning and wealth management to these clients so they can focus on their passion – running their business. Our financial plans help business owners:

Construct and manage a retirement plan that matches their needs, such as a 401K, SEP IRA, Simple IRA or Solo 401K. These investment accounts not only provide tremendous savings opportunities, but are also a valuable tool for reducing taxes.
Diversify their investment holdings. Many entrepreneurs put everything they have – their heart, effort, and financial resources – into their business venture. Sound financial planning principles suggest having a diversified portfolio that is separate from your business. We can help.
Reduce their tax liability
Understand their exposure to unforeseen circumstances, and the need for sufficient life and disability insurance

SUDDEN WEALTH

You have newfound wealth by collecting on inheritance, life insurance benefits, or selling a business.

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Many of Net Worth Advisory Group’s clients have come across sudden wealth through unforeseen circumstances, like the loss of a loved one or the sale of a business. It’s critical that the recipient of this wealth recognize that the funds they receive afford them a unique opportunity. If handled appropriately, the newfound money can provide a jumpstart to their retirement planning efforts, reduce or eliminate debilitating debt, or provide necessary cash flow during upcoming years. Net Worth Advisory Group’s comprehensive financial plans can help these clients:

Construct a schedule for eliminating consumer debt
Determine which funds will be necessary for short-term needs and which funds can be placed into a long-term investment strategy
Ensure distributions required by the IRS take place to avoid harsh penalties
Design an investment portfolio that generates acceptable returns while minimizing volatility and risk
Fund college education accounts for their heirs

FINANCIAL PLANNING &
WEALTH MANAGEMENT

WE WROTE THE BOOK ON RETIREMENT PLANNING

WHAT WE DO FOR YOU

Fee-Only Financial Planners

Whatever Your Wealth Management Needs, We Can Help

OUR EXPERTISE HASN’T GONE UNNOTICED

FINANCIAL PLANNING &WEALTH MANAGEMENT

WE WROTE THE BOOK ON RETIREMENT PLANNING

WHAT WE DO FOR YOU

Fee-Only Financial Planners

Whatever Your Wealth Management Needs, We Can Help

OUR EXPERTISE HASN’T GONE UNNOTICED

FINANCIAL PLANNING &
WEALTH MANAGEMENT