Jef Gla

[Jef Gla @jef_gla]

@Xero your bank feed is terrible. Mine never works. And support just tells me to do the same things over again. What a waste of time I’ve spent on this. What am I’m paying for if I have to manually upload bank statements.

[Jef Gla @jef_gla]

@ChetSucks @cartermcclung True. You just need self employment income with no full time employees (1099, sole prop, llc, s corp, c corp).

[Jef Gla @jef_gla]

@JonLuskin It’s not supposed to be actual cash. It’s a chunk of money invested in 3M treasuries, like ustr etf. I’ve simulated it, 65% 3M treasury shield dropping to 0% over the first 5 years really does maximize the zero failure withdrawal rate %. A year or less of actual cash doesn’t work

[Jef Gla @jef_gla]

@Gubloinvestor Complaining about cleaning your yacht. 😘

[Jef Gla @jef_gla]

@AravindSitham Corp investments should avoid passive income like interest and dividends, focus on growth, to avoid clawback of the small business tax.

[Jef Gla @jef_gla]

@AravindSitham Live off the RRSP money, but don’t have to spend it all, top off TFSA and invest in a taxable account. Direct and keep/invest revenue in your corp to pay yourself someday via sh loan repay and dividends.

[Jef Gla @jef_gla]

@JoeC4281 @CDInewsletter Sorry. You are correct. I meant if you pay into cpp, apply for it, they don’t claw it back like OAS and GIS.

[Jef Gla @jef_gla]

@JoeC4281 @CDInewsletter Yeah, everyone gets CPP. OAS is extra and gets reduced based on income. There is also GIS, but god bless you if you get that, means you are very poor in retirement.

[Jef Gla @jef_gla]

@Jimmy_Edwardo @CDInewsletter Yeah. She probably has higher net income for longer but she still feels like she is losing becasue OAS is being taken away. It’s like being happy when you get a tax return, but you just have the gov a tax free loan.

[Jef Gla @jef_gla]

@shreditor @CDInewsletter Yes. Stop working sometime in 50s/early 60s. Meltdown RRSPs. Don’t have to spend it all, invest some in taxable account. Then when OAS clawback kicks in, you time income to prevent/minimize it. But this couple is surpressing returns, because they didn’t plan for it early enough.

[Jef Gla @jef_gla]

@CDInewsletter I see this all the time. Optimizing for OAS clawback and not max net income for the longest time. I think it’s shortsighted. But it’s not wrong to consider OAS clawback. But manage it with timing your income instead of suppressing returns.

[Jef Gla @jef_gla]

@AravindSitham I think this 50% to 2/3 cap gains incision rate for corps in Canada was outright canceled in 2025. So current rate is 50% and there is no planned date at which it rises to 2/3. Doesn’t mean the legislation won’t come back and be implemented later (2027+).

[Jef Gla @jef_gla]

@TheICHpodcast The interviewer had it right. Asking at what net worth it makes sense to have $5M in t bills. 100% of your assets in t bills is bad advice. Kevin has forgotten what it’s like to be a normal person investing for retirement.

[Jef Gla @jef_gla]

@TheICHpodcast This is terrible advice.

[Jef Gla @jef_gla]

@grok @ThiccTeddy @grok yeah but if the evidence comes from a single source who is highly respected individual with no trail of dishonestly on all their public interactions, then I would lean towards believing it. I guess that’s the difference between AI and humans.

[Jef Gla @jef_gla]

@grok @ThiccTeddy @grok Ok. I believe it. Just doesn’t sound like Munger. You know I asked ChatGPT if it thought munger said this and it said it/they doubted it.

[Jef Gla @jef_gla]

@grok @ThiccTeddy @grok do you think Lawrence McDonald would lie about attributing that quote to Munger? Is there any benefit to him? Does he have a history of bending the truth? Or has he been a consistent truth seeker in all his publications?