Saw this in the Globe ...Monday I think... and checked out the website.
In a nutshell, The Smith Manoeuvre employs refined debt conversion techniques to transform mortgage interest into tax deductions. The method has a remarkable snowball effect that generates large and growing annual tax refunds, and enables the homeowner to knock years off the life of a mortgage and build an impressive financial portfolio at the same time. It is the most efficient way for families to raise the resources they need to secure both their house and income in retirement.
Has anyone seen this concept before? I get how it works, I'm just not sure if there's a genuine advantage in having more retirement dollars but still the equivalent of a mortgage in debt.
http://www.smithman.net/