Michael Tesler’s Writings

Withdrawing From Your RRSP Before Retirement: Important Things for Investors to Consider About RRSP Withdrawals

Issues, Lifestyle, SocialSeptember 15, 2020June 24, 2020 Michael

For most Canadians, an RRSP (or Registered Retirement Savings Plan) is a wise part of any retirement savings strategy. Any money deposited to this special type of savings account can be used to buy securities (stocks, bonds, mutual funds, GIC’s and more) and grow without being subject to income tax until the funds are withdrawn. This would typically begin at retirement when one’s income is substantially lower and would therefore have a lower income tax rate. The idea is that until retirement the money inside the plan would grow much faster when one doesn’t have to worry about taking any tax off the top from year to year.

But what happens if someone wants to use that money before they retire?

Ideally, investors should be very cautious if they are considering removing any funds from their plan before retirement. However, sometimes investors may encounter unforeseen situations such as unemployment, disability, or other emergencies that will require an infusion of cash. If that is the case, then taking funds out of the plan may be necessary.

RRSP Withdrawals are Subject to Withholding Tax

The first thing that every investor should know is that RRSP withdrawals are subject to a withholding tax. …

Water Heater Draining

LifestyleAugust 7, 2020June 24, 2020 Michael

There’s nothing that beats a hot bath or shower at the end of a long, hard day. For this you can thank your water heater. These helpful appliances sit in your garage, closet or other location and silently heat water using gas or electricity for your bidding. The water heater connects to your home’s fresh water supply so that as soon as the water inside is used, it’s immediately filled again and the heating process starts all over.

Water heater draining is an important maintenance task that should be done occasionally to help flush out the sediment inside your water heater.

Shut Off the Heater

The first thing to do when it comes time for water heater draining is to shut off the power for the water heater. Most water heaters are either powered by electricity or gas (unless you’re living off the grid and using solar). To cut the power for a gas water heater, you will simply need to turn off the gas supply valve. This will cut the gas supply and turn off the heater. The easiest way to turn off an electric water heater is by cutting the power at the main circuit breaker. Inside your …

How Gadgets Can Enhance Your Lifestyle?

LifestyleAugust 4, 2020August 9, 2020 Michael

There has been a huge change in the modern-day lifestyle as your life is driven mostly by technologies. There are different types of gadgets that have made your life super easy and you can now become even ‘smarter’. Yes, the new era is of smart gadgets, whether it is your phone, microwave oven, television or refrigerator. Do you want to know how smart and advanced gadgets can make your life easy? Such gadgets have made your household tasks simple and you get more time to do something fruitful and creative. Technology is changing every day and new gadgets are replacing the old one. If you want to stay updated and make your life smoother, you can use different types of gadgets. No, let’s find out how the latest gadgets can make your life simpler. Read on to know more-

Sleep in a Super Bed

How about sleeping in a bed that can control your sleeping pattern and does everything to make you feel comfortable? Yes, there are smart beds that keep your feet warm in the winter days and also control your snoring habit. By adjusting your head height, this bed can control your snoring habit and you can …

Desynchronizing the Rat Race Time Travel

LifestyleJuly 9, 2020June 24, 2020 Michael

Caught between two worlds
A long con of a card game
That appeared to be a speed bump
More than a continuing spinning top
Running extremely fast around snails
Focused on their own lethargy
Setting the ground and both feet on fire
Smelling burnt dirt and feeling large cuts
In both heels along with the wear of travel
Only to realize that the trip leads to the beginning
Not the end of the rusty yellow brick road
There’s no special wizard rewarding those who enter
And those willing to continue onto the next fork in the street
After such lack of instant gratification
The decision can go one of two ways: give up or fight
Time to decide which way to go that will lead to happiness,
Or the best alternative substitute that’s subject to debate.…

When Karaoke Singers Attack

America, IssuesJune 8, 2020June 24, 2020 Michael

When I first started going regularly to karaoke shows, my family and some of my friends weren’t thrilled.

“Why do you want to go to a bar? It’s just a place full of drunks!” they would say, as a gentle way to suggest I shouldn’t go every week.

“You could get hurt!” they would warn, as visions of barroom brawls straight out of Clint Eastwood films filled their heads.

“Don’t forget to wear sunblock!” they would add.

No, wait, that’s what they said when I went to the beach. The point is, they didn’t much like my hobby. I’m a tiny, tiny, woman (see previous articles), and they were convinced I would be beaten to a bloody pulp some Saturday night.

I went to the same bar every weekend for eighteen months, and I only witnessed two fights. Maybe I was just in a good neighborhood … maybe I was just lucky … maybe I have magical powers that promote peace and harmony … who knows? The first altercation was between two friends. She thought he was being a rude pig (he was). He thought she was overreacting (she was). A drink was hurled, a bottle was thrown … …

F%@K New Year’s Resolutions. Hard.

LifestyleMay 5, 2020June 24, 2020 Michael

These sentiments are all too common this time of year, and in a month, many of them will be after thoughts. We all know almost all New Year’s resolutions fail, so why do we continue to make them?

Because it makes us feel good about ourselves.

This is also why they fail. When we feel good about ourselves, we feel content, and contentment is one of the least actionable feelings there is. Contentment breeds security, and no one takes action when they feel secure. Warm and fuzzy does not yield results.

A New Year’s Resolution is nothing more than a deferred life. If you decide you want to change something, for whatever reason, the time to take action is NOW! That very minute. Start making the necessary changes so you can see the results and change you so desire. If you put something off, say like waiting until the New Year, you are already making excuses for yourself. You’re saying to yourself, “I want to change this or that, but first I’m going to sit on my ass for another three weeks and do nothing about it, and then when “the time” comes to actually make the necessary changes, you …

3 Reasons Introverts are Taking Over the World

LifestyleApril 3, 2020June 24, 2020 Michael

The movie Wolf of Wall Street sensationalized in many ways an era of business that is dead and soon to be gone. The over zealous, overly confident, audacious business professional portrayed in that film is an afterthought, and is being replaced with a new breed of entrepreneurs, and they’re going to take over the world because they listen.

Yes introverts are the new breed of wildly successful entrepreneurs. The global marketplace has left us with a business environment where you can sit behind a computer and run an empire. The board room is a thing of the past and is being replaced by a MacBook, a pair of headphones, and an over priced cup of coffee.

Here are three reasons Introverts are taking over the world:

They Listen.

Extroverts usually revolve the conversation around them, and when others are talking they are usually thinking of the next thing they will say in response and try to drive the conversation back to and around them. They are used to being the center of attention and this is the environment that they need to create to thrive.

Introverts on the other hand listen closely to what others are saying. They take in …

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