Comments on: Crawling Out of Debt For Good http://blog.canadian-dream-free-at-45.com/2009/06/15/crawling-out-of-debt-for-good/ Wed, 08 Feb 2012 17:31:40 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Canadian Dream http://blog.canadian-dream-free-at-45.com/2009/06/15/crawling-out-of-debt-for-good/comment-page-1/#comment-27934 Canadian Dream Tue, 16 Jun 2009 12:32:49 +0000 http://blog.canadian-dream-free-at-45.com/?p=771#comment-27934 Guy, I might do a SM, but not right away. Chad, Sea sick. Good choice of words, it does describe things well. Thanks for the support. Tim Guy,

I might do a SM, but not right away.

Chad,

Sea sick. Good choice of words, it does describe things well. Thanks for the support.

Tim

]]> By: chad http://blog.canadian-dream-free-at-45.com/2009/06/15/crawling-out-of-debt-for-good/comment-page-1/#comment-27913 chad Tue, 16 Jun 2009 03:33:22 +0000 http://blog.canadian-dream-free-at-45.com/?p=771#comment-27913 100% agree with your choice can't beat the guaranted investment which is your house lots of market volitility and who really know s what's ahead for the markett " smart people" are even all over the map where this markett is going green shoots turning into tumble weeds in a hurry.this markett is a ride that most people are going to get sea sick 100% agree with your choice
can’t beat the guaranted investment which is your house
lots of market volitility and who really know s what’s ahead for the markett ” smart people” are even all over the map where this markett is going
green shoots turning into tumble weeds in a hurry.this markett is a ride that most people are going to get sea sick

]]> By: Dave http://blog.canadian-dream-free-at-45.com/2009/06/15/crawling-out-of-debt-for-good/comment-page-1/#comment-27892 Dave Mon, 15 Jun 2009 23:01:04 +0000 http://blog.canadian-dream-free-at-45.com/?p=771#comment-27892 I believe you have made a wise, safe, guaranteed choice for this point in time. I know someone who is doing the 'SM' and boy they are in trouble now with the losses over the last 6+ months, and no one seems to be expecting the markets to be great performers over the next few years. They are truely in for the long haul now if my understanding of the the SM is correct. With rates on the rise in the next year or so, getting that mortgage principal down will save you more money in the future. I believe you have made a wise, safe, guaranteed choice for this point in time.

I know someone who is doing the ‘SM’ and boy they are in trouble now with the losses over the last 6+ months, and no one seems to be expecting the markets to be great performers over the next few years. They are truely in for the long haul now if my understanding of the the SM is correct.

With rates on the rise in the next year or so, getting that mortgage principal down will save you more money in the future.

]]> By: Ben http://blog.canadian-dream-free-at-45.com/2009/06/15/crawling-out-of-debt-for-good/comment-page-1/#comment-27876 Ben Mon, 15 Jun 2009 20:15:19 +0000 http://blog.canadian-dream-free-at-45.com/?p=771#comment-27876 We used to put full 18% into RRSP's, and the rest to the mortgage. Now, it's 8% into RRSP's to get the company match, and mortgage with the rest. Bit of a no-brainer situation. I'm not entirely sure how I would direct the excess cashflow in the absence of the company match. I suspect I would continue to put away a nominal amount for retirement, even then. Like you say, don't think it matters a lot either way. The probability of higher after-tax returns through investmenting is balanced against guaranteed return on mortgage reduction, and the "security" factor. The security factor has to have some value: less stress = live longer! We used to put full 18% into RRSP’s, and the rest to the mortgage.

Now, it’s 8% into RRSP’s to get the company match, and mortgage with the rest. Bit of a no-brainer situation.

I’m not entirely sure how I would direct the excess cashflow in the absence of the company match. I suspect I would continue to put away a nominal amount for retirement, even then.

Like you say, don’t think it matters a lot either way. The probability of higher after-tax returns through investmenting is balanced against guaranteed return on mortgage reduction, and the “security” factor. The security factor has to have some value: less stress = live longer!

]]> By: Guy Davis http://blog.canadian-dream-free-at-45.com/2009/06/15/crawling-out-of-debt-for-good/comment-page-1/#comment-27856 Guy Davis Mon, 15 Jun 2009 16:10:33 +0000 http://blog.canadian-dream-free-at-45.com/?p=771#comment-27856 Why not do both? See your articles on the Smith Manoeuvre... Why not do both? See your articles on the Smith Manoeuvre…

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