Date: Wed, 1 Jun 2005 12:38:39 CST
From: "HW \"Skip\" Weldon" 
Newsgroups: misc.invest.financial-plan
Subject: Re: increasing deductions after a home purchase
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On Wed, 1 Jun 2005 07:57:18 CST, Sandra Loosemore
 wrote:

>rwilson290@hotmail.com writes:
>
>> In any case, is it considered normal for a first time home buyer, and
>> more specifically a home buyer making 95k with a 2600 interest only
>> loan to change the number of deductions they claim at work due to the
>> tax benefits?  I believe I currently claim either 0 or 1.
>
>Yes, this is perfectly normal, and even if it isn't "normal" for other
>people, why not do what's right for *you*?
>
My preference is for the term "appropriate", and I agree with Sandra
that it is appropriate to have your payroll withholding approximate
your anticipated liability.

As to whether an interest-only loan, and particularly one of this
magnitude, is also appropriate... that is another matter.  


-HW "Skip" Weldon
 Columbia, SC