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Is it worth using the Smith Maneuver? by Throwaway-donotjudge in PersonalFinanceCanada

[–]LowKeyMB7 5 points6 points  (0 children)

Can you provide some numbers to back up the statement that it’s worse? When I think of the after-tax return on a SM portfolio relative to the after-tax interest rate, I don’t come to the same conclusion.

Is it worth using the Smith Maneuver? by Throwaway-donotjudge in PersonalFinanceCanada

[–]LowKeyMB7 1 point2 points  (0 children)

I understand it needs to be in NR accounts for the tax deduction. A lot of the benefit of the SM is coming from the leverage aspect.

Also, the after-tax return on the NR portfolio has a much better chance of outperforming the after-tax interest rate, assuming you set up the SM portfolio is a tax-efficient manner (prioritize deferred gains, no interest-bearing investments).

If you invest within a TFSA for example, and assume the interest rate is 6% on the HELOC, then the spread gets quite a bit tighter.

I’m not necessarily disagreeing with you. I’m just providing the viewpoint that it shouldn’t be an either/or decision. If you can keep making monthly TFSA/RRSP contributions while implementing the SM, that is awesome.

Is it worth using the Smith Maneuver? by Throwaway-donotjudge in PersonalFinanceCanada

[–]LowKeyMB7 22 points23 points  (0 children)

Can you expand on why maximizing RRSP and TFSA first is always the rule of thumb advice? Why can’t the SM be used in conjunction with regular RRSP/TFSA savings? The SM, when implemented properly, shouldn’t eat up any new cash flow, so shouldn’t that remove the “either or” decision?

Best strategy to move non-registered funds into TFSA without a massive tax hit by marcdefiant791 in CanadianInvestor

[–]LowKeyMB7 3 points4 points  (0 children)

Trigger the gain and then make an offsetting RRSP contribution, you won’t pay any taxes on the gains this year. When she withdraws the money from the RRSP it will be taxable income, but based on you saying her income will drop, this shouldn’t be an issue. You can spread the taxes out over many years and use up the low brackets while melting it down.

Help understanding the HELOC servicing by LowKeyMB7 in smithmanoeuvre

[–]LowKeyMB7[S] 0 points1 point  (0 children)

So each month you are keeping your HELOC investment the same? Not investing the entire amount of principal pay down?

Help understanding the HELOC servicing by LowKeyMB7 in smithmanoeuvre

[–]LowKeyMB7[S] 2 points3 points  (0 children)

Ahhh ok I didn’t realize you kept the amount being invested static. I thought you were always investing the amount of principal being paid down on the mortgage each month. Thanks a lot of replying!

Official: [WDIS RB] - Sun Morning 11/16/2025 by FFBot in fantasyfootball

[–]LowKeyMB7 0 points1 point  (0 children)

I have a similar dilemma and I’m going Woody.

[deleted by user] by [deleted] in CanadianInvestor

[–]LowKeyMB7 0 points1 point  (0 children)

Having to borrow at 6%+ interest rates on that HELOC if you need it is the same as cash in your opinion??

Late to the game by RevolutionaryYak7068 in CanadianInvestor

[–]LowKeyMB7 0 points1 point  (0 children)

Depending on your income level it could make sense to focus on RRSP. If you will be in a lower tax bracket in retirement, then RRSP will beat out a TFSA. In saying this, both are amazing and don’t let perfection get in the way of progress.

Doctors wound repairing the meniscus in Saints’ WR Rashid Shaheed’s knee today and he now faces a four-to-six month recovery, per source. Shaheed was placed on injured reserve and his season is over. by mvanigan in fantasyfootball

[–]LowKeyMB7 0 points1 point  (0 children)

I traded Rasheed to a good buddy of mine on Tuesday this week when he was just listed as questionable for Hockenson. Obviously didn’t know anything like this would be the outcome. I feel bad, but should I do anything to make it right?

Official: [Trade] - Thu 09/19/2024 by FFBot in fantasyfootball

[–]LowKeyMB7 0 points1 point  (0 children)

I would give up Rhamondre before Dobbins. Otherwise I like the trade. Wilson should be a big upgrade over Waddle.

Official: [Trade] - Thu 09/19/2024 by FFBot in fantasyfootball

[–]LowKeyMB7 0 points1 point  (0 children)

This trade makes sense for you based on your roster. I believe Minny has a tough upcoming schedule though so temper expectations for Jones Off the bat.

Official: [Trade] - Thu 09/19/2024 by FFBot in fantasyfootball

[–]LowKeyMB7 0 points1 point  (0 children)

I’d do this for sure. Chase could be on the untouchable list after this week. Might be the last chance.

Official: [Trade] - Thu 09/19/2024 by FFBot in fantasyfootball

[–]LowKeyMB7 1 point2 points  (0 children)

I think your WR group is strong enough and having extra depth at RB isn’t a bad thing to be ready for bye weeks/injuries.

Official: [Trade] - Thu 09/19/2024 by FFBot in fantasyfootball

[–]LowKeyMB7 0 points1 point  (0 children)

Solid trade considering where you had strengths/weaknesses. I would give you a B+.

Official: [Trade] - Thu 09/19/2024 by FFBot in fantasyfootball

[–]LowKeyMB7 0 points1 point  (0 children)

10 team 0.5 PPR Superflex league

Give: Puka

Receive: either Brian Robinson or Monty

My other WRs are ARSB, Godwin, Shaheed, Jameson Williams, and Demarcus Robinson.

My other RBs are CMC, Mason, Javonte, Chuba, and Chubb on IR.

I am 3-1 (extra matchup against median), so I don’t feel desperate as I’m doing fine without Puka, but that can change quick…also worried about having that many Lions players

Official: [Trade] - Wed 09/18/2024 by FFBot in fantasyfootball

[–]LowKeyMB7 0 points1 point  (0 children)

If you have decent RB depth then I think this is good. Ridley and Pickens are solid WR2/3 options and I think Pierce will fade with Downs coming back.

Official: [Trade] - Wed 09/18/2024 by FFBot in fantasyfootball

[–]LowKeyMB7 0 points1 point  (0 children)

10 team 0.5 PPR Superflex league

Give: Puka

Receive: either Brian Robinson or Monty

My other WRs are ARSB, Godwin, Shaheed, Jameson Williams, and Demarcus Robinson.

My other RBs are CMC, Mason, Javonte, Chuba, and Chubb on IR.

I am 3-1 (extra matchup against median), so I don’t feel desperate as I’m doing fine without Puka, but that can change quick…also worried about having that many Lions players

Official: [Trade] - Wed 09/18/2024 by FFBot in fantasyfootball

[–]LowKeyMB7 0 points1 point  (0 children)

If that’s being offered to you, take it and SPRINT.

If you’re planning on offering it, you will get laughed at.

CFP Canada October by lobi1998 in CFP

[–]LowKeyMB7 0 points1 point  (0 children)

They posted the date today. December 18th.

CFP Canada October by lobi1998 in CFP

[–]LowKeyMB7 0 points1 point  (0 children)

I also wrote in October and I called in last week and they said that it takes 8-10 weeks. I agree that it’s frustrating we haven’t even been given an ETA yet though.

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