Trusted Tips and Resources

Trusted Tips & Resources

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

 

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