Retirement planning getting you down? There are always smart ways to plan the financial aspects of your retirement.
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The best RRSPs in Canada for 2023 + MORE Jan 4th
Registered retirement savings plans (RRSPs) are often described as “tax-advantaged,” meaning they offer tax-efficient ways for savers and investors to build wealth for the future, usually for retirement. To maximize their potential, you must understand how RRSPs work compared to other registered.... More »
Can a LIRA be transferred to an RRSP with no contribution room in Ontario? Aug 10th
Can 50% of my LIRA be transferred to my RRSP if I do not have contribution room in Ontario Canada? Is it better to transfer to an RRSP or RRIF if funds are not needed and are used for investment purposes?—Katherine
How much can you transfer from a LIRA to an RRSP?
Katherine, Ontario resident.... More »
Is semi-retirement stressful? You bet—here’s what to do about it Jul 27th
One of my semi-retirement philosophies is that reducing stress can sometimes be more important than maximizing revenue. Assuming you’re self-employed in semi-retirement, as I am, you may find yourself juggling multiple clients and conflicting demands on your limited time and energy.
The topic o.... More »
CPP and disability: When should you retire and start your pension? Sep 28th
Ask MoneySense
I have a brain injury and I’m collecting CPP disability of $15,000 a year, along with a workplace disability income of $16,000 a year. I am 61 years old, married, and I can’t figure out if I should retire now and start my pension or wait until I turn 65. My pension projectio.... More »
Contribute to RRSP or pay off mortgage? Oct 12th
Ask MoneySense
We have a small mortgage, only $80,000, coming up for renewal. We have some money (approximately $25,000) that we can either put on the mortgage or invest or put into our RRSP. What is the best way to go?
—Linda
Which should Canadians prioritize: RRSP or mortgage?
Most of .... More »
“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
– moneysense.ca
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…
