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 great tip on Pension Planning Regina
" A client of mine emailed me last week saying that her previous employer told her she had 2 options with her pension; leave it where it was or move it to another pension plan. They were wrong!!.
- Qualified people can make us aware of more options - Some options require more from you - Advice is great!
Generally speaking, the administrators of a pension plan are not really involved in things like financial planning and understanding your investment personality in order to recommend a good fit. They do what their job title says - they administer. This can actually leave you with more responsibility for your financial future.
You will likely need to do your own research within the limits of the investments that company's pension plan offers, you may need to work out your own asset allocation and you may have to do all your own income calculations for retirement. When it comes to financial matters, one of my clients put it really well. He could tell that my "financial universe was bigger" - his way of saying I am at the centre of more information, more knowledge and more financial matters come to light in my office than in other people's everyday lives.
So, back to the pension. Sure enough, there is a third option, a Locked-In Retirement Account (LIRA). I often move the investments from a pension to a LIRA and the reasons are simple: I give advice, I help with the plan and I lend my information to your decision making.
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!
Here Chris provides a great tip on Timing:
As the market peaks and you make your RRSP decisions, here are two questions you should ask yourself about the advice you're getting:
1) Am I getting advice that would save me from a market drop?
2) Will I get advice on when to get back in?
If the answer to either is ‘no’ or ‘I don’t know,’ you should reconsider your source of advice. I am available for free portfolio evaluations if you are concerned that you aren’t getting good input.
There is more risk in the market than most people are aware of. Have a chat with me so you can be aware of it too.
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!
Time for Risk?
As we near the middle of the 2013 RRSP season, I have one piece of advice: take a look at downsizing your risk.
The interesting part of this cycle to me is that market is high again. The Dow Jones and S&P 500 are at levels not seen since before the crash of 2008. So here’s the question:
If we know the market high of 2000 was a bubble, and we know the market high of 2008 was a bubble, and we find ourselves in the same place today, what do we think this is?
It’s kind of the old, ‘If it looks like a duck and quacks like a duck…’ question. The next question though is if it’s a cycle and we do exit, when do we get back in?
I think a good exit strategy also comes with a good re-entry strategy. “When ‘x’ happens, we’ll do this.” It automates your ideas in advance, when you are rational and able to make a decision rather than when things are difficult and a person’s biases may come to bear on the process.
I heard it said well once, “Amateurs think about tactics, professionals think about logistics.” Make sure you’ve got a pro on your side!
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!
No school like the old school.
You know the old adage ‘Buy, hold, prosper?’
I prefer an even older one, ‘buy low, sell high.
- Buy and hold only works in certain market conditions -
Sell discipline is the hardest thing to have - Knowing what to do and when to do it pays!
One of the problems with investing today is that interest rates are low. Another one is that the market seems to give some good gains for a while and then lose everything you got over the past few years. We call this kind of a market a sideways trading market and there’s only one way to make money in it: Buy Low, Sell High. This means doing the opposite of what everyone is saying.
When the complacency is high and people are chasing a little more gain, you need to sell. When people are scared and times are tough, you need to buy. This is where professional guidance can pay off the most. Having someone by your side, helping you make these tough decisions with a system of dependable signals can be invaluable and help you feel as though you are not adrift in the sea of the financial markets. And that’s why I call this old school investing. Nothing gives you gains like buying low and selling high.
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 and your Trusted Regina Financial planner
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:
Do you have too much life insurance?
People used to say you should have 10 times your earnings available as life insurance. I think they are wrong. Here are three things you should consider.
- Your net worth
- How the insurance money may be used
- Every estate should have some insurance
Life Insurance is a safety net for your family when you haven’t had the time to build your own. Consider this, if you are young with dependents and have a fair bit of debt, you will need more money than if you are retired, living debt-free and enjoying your grandchildren.
How the money may be used is important as well. Some insurance policies have tax advantages and estate planning provisions to bypass wills and streamline an estate. Sometimes survivorship is the main concern, for example, a young family with debt and children may need a different plan than someone who is retired. A clear understanding of your options will help you choose an insurance package that best meets your needs.
Time and again, every estate I’ve worked with that has insurance has been much easier to manage. Loved ones left behind have been in better financial shape than those without an insurance plan – regardless of age. Experience has shown me the value of an insurance plan.
I think everyone should carry some insurance. It’s important to note, any recommendation on dollar amounts need to be personalized to meet your needs. If you are looking at life insurance, you should consult a professional to make a better, more informed decision.
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