Trusted Tips and Resources

Trusted Tips & Resources

Trusted Regina Financial Experts share tip on the New Education Grant Available

Trusted Regina’s Financial experts share their tip on the New Education Grant Available:

 

Get your extra 10% from the Government now!

 

RESP, Registered Education Savings Plan is an account set up to hold savings to grow tax free for educational expenses in the future. 

 

The Government of Saskatchewan has recently added to the existing 20% RESP contribution from the federal government. The increase of 10% is called the Saskatchewan Advantage Grant for Education Savings Plan (SAGES) program. Now some individuals are eligible for up to 30% contributed to their RESP plans!

 

A family annually contributing $2,500 into their child’s RESP could receive up to $750 from the government. Over 17 years this would amount to $12,750 in contributions from the government if you contributed $42,500.

 

In an environment where +4% is a struggle to get in your investments this is a must do at +30% gain when you max out the contributions!!!

 

This new grant is an OPT-IN program; you will not automatically be put into it! You must fill out a new form.

 

 

 

Check out our Cost of School info-graph below!  

 

Trusted Regina’s Finance Experts -give them a call to see how they can work for you!

Chris Worby a Trusted Regina Financial Expert provides a tip on Sensible Finances

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 

 

 

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

 

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Saskatoon, SK   S7K 1N7
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