Trusted Tips and Resources

Trusted Tips & Resources

Chris Worby a Trusted Regina Financial Expert shares his brush with critical illness

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 he shares his brush with critical illness:

I spent last Thursday in the cardiac waiting room at our local hospital. My father was having sextuple-bypass surgery at the age of 59. It was a shock to him and a shock to me.

He’s now considering his options. Fortunately, his work is not physically demanding so he’ll be able to get back to work sooner than if he did something more active but he’s got to reconsider his future. He has options and things will work out for him but I know people who don’t have options – they can’t work means they can’t pay their bills.

Another reality is that many times these heart attacks or cancer come right when a person is peaking – making the most money they have made in their lives, career right at the top – and the financial toll this takes on them is huge. RRSPs take a back seat to survival and, even when people do recover, they end up having to work longer or make major lifestyle cuts in order to keep going.

There is a solution called ‘Critical Illness’ insurance which pays out a lump sum upon a heart attack, cancer, stroke – a list of 25 illnesses. If you had a life-changing event in which you are facing 3 to 6 months off of work or need some money to seek medical attention elsewhere – anything you choose – do you have the money available?

Critical illness can be a solution. Personally, I believe in insurance to cover a need. I have this coverage and I believe everyone should at least consider it.

Please contact me to do a review of this coverage for you.

 

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

 

 

Chris Worby your Trusted Regina Financial expert shares a tip on pension planning

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

 

Chris Worby a Trusted REGINA FINANCIAL EXPERT provides a Trusted Tip on Timing!

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

 

Chris Worby a Trusted REGINA FINANCIAL EXPERT provides a Trusted Tip on taking Risks!

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.

  • Risk is for a time and place

  • Markets move in cycles

  • Get some help with figuring out where we are in this cycle

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

 

Chris Worby your Trusted REGINA FINANCIAL planner and wealth management expert provides a Trusted Tip on Investing

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

  

 

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