“I took a break from Bay Street to co-write a musical”: Myron Genyk on his money values and getting financially cut off at 20 Jun 1st

Retirement planning getting you down? There are always smart ways to plan the financial aspects of your retirement.
Latest News

What time of year should you retire? Sep 7th

Is there a better time of the year to retire based on tax implications: December 31 versus June 30 versus January 30? —Laf The best date to retire for tax purposes For most Canadians planning their retirement, tax isn’t the primary factor, Laf. However, there are instances when tax can com.... More »

Watch: 4 things to consider before putting your money in a TFSA or RRSP Sep 28th

You know both can help lower how much income tax you pay—both are registered accounts, after all—but how do you decide whether to put your money into a tax-free savings account (TFSA) or a registered retirement savings plan (RRSP)? Watch this video to learn about the four things to consider befo.... More »

How much are withholding taxes on RRSPs and RRIFs? Jun 15th

I need to withdraw $6,600 from my RRIF over the next six months. This amount is in addition to my annual minimum. If I do the withdrawals in six monthly amounts of $1,100 (total of $6,600), will the tax withholding rate be 10% on each $1,100, or will it be a higher rate on the total $6,600 over the .... More »
 freedom 55

Best high-interest savings accounts in Canada 2022 + MORE Oct 5th

Generally, savings accounts offer very low interest rates. So, if you want to earn on your deposits (rather than simply using your account as a temporary “holding tank” or directing to longer-term saving and investing vehicles), a savings account with a high interest is a no-brainer. Howe.... More »
Who is Myron Genyk? As the CEO and co-founder of Evermore Capital, a Canadian asset management company, he introduced target date exchange-traded funds (ETF) for those with retirement goals from 2025 to 2060. With over 15 years of Bay Street experience, Myron has worked at BlackRock Canada and National Bank of Canada, overseeing ETF markets and managing multi-asset hedging portfolios. Also, Myron is Ukrainian-Canadian, and his company is donating 100% of its revenue for three months towards Ukrainian humanitarian relief. Here’s more on his views around values, money and investing.

Who are your finance heroes? 

My parents. They are of Ukrainian ancestry and immigrated to Canada as kids from Eastern Europe after World War II. They raised me with their Old-World values. Part of that included the idea that material goods come and go—so Buddhist, in hindsight—and things should be secondary to family and education. And there was the idea of scarcity and being OK with not having everything you want…

Continue Reading On moneysense.ca »

Share

PinIt
Compare insurance quotes through Kanetix.ca - save time and money!