CONGRATULATIONS, WORBY WEALTH MANAGEMENT  - CELEBRATING 10 YEARS OF TRUSTWORTHY BUSINESS PRACTICES IN REGINA 

TRUSTED REGINA RECOGNIZES OUR PARTNERS WHO HAVE BEEN TRUSTED FOR OVER 10 YEARS!

Worby Wealth Management 

A HISTORY OF HELPING PEOPLE ACHIEVE THEIR DREAMS

Since 2001, Chris Worby has been committed to providing a high standard of financial service to individuals, families and business owners. Chris listens and provides a personalized financial plan. He is personally invested in helping his clients attain their goals. As a third-generation Regina financial advisor, Chris believes in taking a long-term perspective for investing. He currently holds the Financial Management Advisor designation and believes in kaizen – a Japanese term meaning ‘continual improvement.’ 

Jeremiah Worby joined the team in 2021. Through being involved in the stock markets in a non-professional setting since 2007 through personal investing; and with various positions and roles in the service industry, Jeremiah brings exceptional customer service and a willingness to share his knowledge of the investing world. Focusing on clients’ needs is his main goal in helping clients achieve their investment objectives. Born and raised in Regina, Jeremiah graduated from the University of Regina in the spring of 2002 with a bachelor’s degree in Electronic Systems Engineering.

With more than 30 years of accounting and administration experience, Janet Quevillon is the administrator for Worby Wealth Management. Her natural attention to detail is a fit for ensuring all the paperwork gets to the right places in the proper order and that all transactions proceed as planned. Having had experience in financial planning administration and owning businesses in Regina, Janet brings a unique knowledge base to her work here. Her breadth of experience makes her an excellent resource as she can understand the broader scope of administration and business instead of simply pushing paper.

Together, the Worby Wealth Management team provides the highest standard of professional and courteous service. Based on their experience and knowledge of the financial industry, the Worby Wealth Management team has devised a process that helps establish a successful investing framework called the Portfolio Management System. This allows them to guide your dreams and turn them into financial reality properly.

 

Clients know that they can count on a solid exploration of all their financial planning concerns on the path to their financial plan.

What Their Clients Say...

"When I walked in to my first appointment with Chris I knew nothing about investments or RRSPs, and he made me feel at ease and took his time explaining everything to me. I left my appointment feeling much more knowledgeable and comfortable with my finances. I met Jeremiah shortly after and he is as equally friendly! I would recommend them to anyone needing a financial advisor! " Jaki M- Google

"My mother is not very tech savvy, but Jeremiah was extremely patient and accommodating for her. He is extremely knowledgeable and has gone far above my expectations for a financial advisor. I gladly recommend Worby Wealth Management for your investment needs."- Danielle B- Google 

A word from Chris Worby. 

"At Worby Wealth, we realize there are many people licensed to give advice but few advisors. We provide purposeful, deliberate advice to our clients and guidance on how to put that advice into action. In order to do this, we spend time with our clients getting to know who they are and what they are trying to accomplish. The plans we develop are the result of significant time and intelligence brought to bear both in discovery and then in recommendations. And, of course, there is no plan without a benchmark. We will meet regularly and consistently whether the markets are up or down to determine if our strategies are working. Ultimately, anything as important as your financial future needs time – and we’ll take that time here." - Chris Worby, Founder of Worby Wealth Management.

 

A word from Sara, the Trusted Regina founder, about her experience with Chris & Jeremiah at Worby Wealth Management. 

" From the first moment I met Chris Worby in 2011 I liked him! Chris exudes authentic charm, and he makes you feel at ease. I immediately knew I could trust him and that he was invested in building solid relationships with his clients. Trust is crucial in the financial services industry, and the news is littered with horror stories about dishonest advisors stealing clients' money! Even though that is rare, you have to be comfortable with the person helping you with your finances as you share your financial history and future dreams. Chris and Jeremiah excel at breaking down the acronyms and high-level stuff into bite-size easy-to-digest pieces. They want their clients to understand what they are doing for them. Their offices' are relaxed, comfortable and personalized; you can see who they are as people, which is the opposite of the ' stiff, formal three-piece suit wearing' financial advisors that spring to mind when we think of an industry stereotype. As a team, they have done an excellent job of educating Regina people on the financial industry. There are many expert tips written by them in the Trusted Regina Tip library here, and that investment has served them well as their client base has grown over the last decade as people find them online and like what they see and read! They are incredible partners, and I wish them all the best for the next ten years! "    - Sara Wheelwright 

Chris & Jeremiah, Thank you for TRUSTING the Trusted Regina team. You have provided over ten years of AMAZING service to the people of Regina & area as  Trusted Regina  Financial Advisors -. We are proud to support you and to share that they have diligently upheld the 5 TRUSTED GUARANTEES of service. It is clear that the Worby Wealth Management team provides the highest level of professional and courteous service in the Regina Financial Services Industry! 

Welcome to RRSP Season!

It is that time of year again when attention turns to RRSPs and tax planning. 

The purpose for making an RRSP contribution, from a financial planning perspective, is to build savings and assets over time so that you can replace earned employment income with passive or investment income for your retirement years. In other words, you can sleep in and still have the lifestyle you want without going to work!

The Canadian Government assists you with that objective. It does this by giving you a tax deduction for contributions so that you can save more money on a pre-tax basis than you would if the money was taxed and then saved. Secondly, it allows for the tax-free growth (tax deferral) on your RRSP so that the capital amount will be much greater than it would be if you were taxed annually on the growth or income.

Most people focus on the tax deduction only while ignoring the significant benefits of the compounding effects and growth on the money that is not paid out as taxes. The theory is that you are contributing money while in a higher income tax bracket during your working years and withdrawing it in your retirement years while you are in a lower tax bracket. The reality is higher income earners may find themselves in the same tax bracket in retirement!

This leads many people, including some accountants, to challenge the effectiveness of RRSP by saying: Why bother with an RRSP if you have to pay taxes on the withdrawal!? This viewpoint ignores the real power of tax-deferred compounded growth and the effects of compound growth that you can achieve in an RRSP, especially on the capital that would have otherwise been lost to income taxes.

The math works something like this. If you took the assumed future capital value of your RRSP at age 65 or 70 and then collapsed the RRSP (not recommended) and paid 50% of the capital as income taxes, the remaining capital would still be higher than if you had been building your savings outside the RRSP in a fully taxable environment.

Impossible you say! Take a calculator while watching TV and invest, say $10,000 a year, minus your annual income taxes, say 30%, then invest the balance of $7,000 at an assumed rate of growth, pick 5% to keep it simple, then subtract the taxes on the earned income $105. The net amount at the end of Year One is $7,245. Then do this another 39 times assuming the person is age 25.

Year One Effects of RRSP Investing

Compare this with the RRSP with $10,500 at the end of Year One. The gap only gets bigger over time!

Long Term RRSP Accumulation

There are situations where RRSP contributions may not be the right thing for some people some of the time. For example, young people at the start of their careers or low-income earners nearing retirement. A TFSA may be the better solution!

These are just two alternatives for building savings and assets something which you would still need to do even if RRSPs didn't exist. RRSPs just make it easier to build savings. Call us today to discuss more savings and tax planning strategies!

Finding the shortest and safest route to any of your dreams requires planning and only with a carefully thought out financial plan can you be sure to make the most of your resources and to protect against risks along the way. At Worby Wealth Management, Chris will do his best to help you achieve those dreams with a financial plan that is tailored to your specific needs and based on your individual situation.

Let TRUSTED REGINA's FINANCIAL ADVISOR Chris Worby from Worby Wealth Management help you live your dream! 

Here Chris shares a tip on Sensible Finances:

I was working on my deck this weekend when I realized something – eyesight + math is better than math alone.

This got me thinking about investing and our decision making. I have often said that a little common sense will save a lot of people a lot of grief and, if I think of eyesight as common sense, my experience this weekend makes sense.

Just as spacing 2X6s needs to meet the litmus test of “does this look right,” so does decisions with money. A few years ago, there was a “charitable gifting” program where you put in $5000 and get a $20,000 tax receipt. It was difficult to understand, convoluted and, ultimately, fraudulent – but the only tool you needed in order to see through it was your common sense. How can $5000 equal $20,000?

If you find yourself on the phone with someone calling you asking for your Visa card number so you can “win a free trip,” you can consider this: “would I give my phone number to someone I know? How about someone I don’t know?”

And the same thing with investments that promise high long-range rates of return. Does 12%, 15%, 18% make sense these days with little or no risk?

As with the deck, math is good, but the eyeball is a good double check. For the record, I had forgotten one thing, re-did the math and it did make sense at that point. But having a quick eyeball at it was all it took to make sure it was right. Don’t forget your common sense. And if you need a second set of eyes, your financial advisor is always available to help you out.  

Call Chris Worby at  (306) 757-4747 ext 226  or on his Cell: (306) 737-2909. Check out his listing on the Regina Directory in the REGINA FINANCIAL SERVICES category   . Chris is a Trusted REGINA FINANCIAL EXPERT 

Being a Trusted Business on the Regina directory comes with alot of responsibilty...no other directory, advertising medium or ' watchdog organization' puts businesses through the process we do before we promote and endorse them...most  rely on the consumers to provide ratings..which are all unverified and un qualified. Trusted is different because the Trusted Regina businesses become Partners...and we promote the mantra that 'only together are we Trusted" ..we all have our parts to play to ensure the directory maintains the standards and high level of integrity that it does.

Trusted then enters into a contract, where the partners sign to uphold the 5 Trusted Guarantees and to ensure that our partners are upholding these guarantees on a daily basis we have a MYSTERY SHOPPER PROGRAM, where we mystery shop a minimum of 10% of our Trusted Partners on an annual basis... we get our mystery shoppers to fillout a report to tell us about the experience....

Our latest business to be mystery shopped is Worby Wealth Management a Trusted Regina Financial service expert 

Well, if you need to trust anyone its the person advising you on your finances..lets see how Chris Worby owner of WorbyWealth Managment !! 

TRUSTED PARTNER: Worby Wealth Management

MYSTERY SHOP CHECKLIST

1. How was the greeting/welcome/call answered?

VERY GOOD!! Chris was very welcoming and inviting.

2. If retail: Appearance of the store / staff and showroom?

Chris's office is very nice and inviting and he even offered some tea as our first visit was rather lengthy (and thorough).

3. Product/industry knowledge of staff?

Chris seems VERY knowledgeable and "had us at hello" so to speak. We felt very confident in his knowledge about the information he provided.

4. If a quote is required is the quote well laid out/ clear?

No quote required really.

5. Did they ask where you found them?

YES!! and did so very clearly.

6. Overall experience 1-10:

9

7. Would you return as a customer/recommend them to close friends?

Yes! and we already have!

8. Did anyone stand out as exceptional? If so who? Why? n/a (Chris is the only one)

9. If you made a purchase/booked a job how was the process? If so refer to the Trusted Guarantees and give an overall mark on each if applicable.

TRUSTED GUARANTEES

1. Provide the service and quality promised.

Yes!

2. Complete the job on time.

 Still not finished but so far so good and its ongoing ..!

3. Charge the price quoted with NO surprises.

No quotes required thus far.

4. Communicate honestly and be responsive to customer needs.

 Chris seems very honest and forthcoming.

5. Resolve any issues with customer satisfaction in mind.

Yes, Chris tailors our visits in order to accomplish the goals set out for us.

Please share any other comments relating to your experience with the company.

Chris is very knowledgeable in his field and instils confidence in us as he is able to create a plan that fit our needs and wants. He seems to have a very systematic approach that leaves nothing overlooked. He also seems to have a stepwise approach with specific goals to cover at each visit that will eventually lead us to our financial goals! It seems hard to consider other businesses/companies after a visit with Chris!! Highly recommended!!

WOW Chris ..you did an awesome job and gained a new client ! Proving yet again that you deserve the Thumbs up!  

Call Chris Worby at  (306) 757-4747 ext 226  or on his Cell: (306) 737-2909. Check out his listing on the Regina Directory in the REGINA FINANCIAL SERVICES category   . Chris is a Trusted REGINA FINANCIAL EXPERT

Finding the shortest and safest route to any of your dreams requires planning and only with a carefully thought out financial plan can you be sure to make the most of your resources and to protect against risks along the way. At Worby Wealth Management, Chris will do his best to help you achieve those dreams with a financial plan that is tailored to your specific needs and based on your individual situation.

Let TRUSTED REGINA's FINANCIAL ADVISOR Chris Worby from Worby Wealth Management help you live your dream!

RRSP vs TFSA

I get asked this question all the time – “What’s the difference between a TFSA and an RRSP? 

Difference:

• Taxation on the way into and out of these accounts
• Tax Deferred growth in both accounts 
• These are accounts, not investments Both these accounts are very similar except for how they are taxed.

On an RRSP, you get a ‘tax break,’ meaning, if you put money into an RRSP, it will be deducted from your income and you will receive the taxes you have already paid back after you do your tax return. Example. You earn $50,000 and contribute $5000 to your RRSP. Your income comes down to $45,000 but you have paid tax on $50,000. The tax paid on that $5,000 gets refunded to you. The RRSP is therefore an ‘un-taxed’ pool of money. If you take money out, you will then need to pay tax. TFSAs are different in that you do not get a tax break on the way in – in our example, your $5000 does not reduce your income. Which means your account is a ‘taxed’ pool of money and is not taxable when you withdraw it. They both benefit from tax deferred growth – meaning you don’t pay taxes on the interest, dividends or capital gains from the investment in these accounts. But how they are taxed on the way in and on the way out is the difference. And you’ll notice I never said anything about these being investments – that is because neither an RRSP nor a TFSA is an investment – they are accounts.

If you choose to put GICs, Mutual Funds, Stocks or Bonds in these accounts is up to you. But they are just that – accounts.

Which one should you do? I can only make a recommendation if I know your specific circumstances but one thing is certain – you should do one of them!

Call Chris Worby at  (306) 757-4747 ext 226  or on his Cell: (306) 737-2909. Check out his listing on the Regina Directory in the REGINA FINANCIAL SERVICES category   . Chris is a Trusted REGINA FINANCIAL EXPERT