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Subject:  Response to zgriner's post Date:  5/1/1999  7:28 AM
Author:  dharmadollars Number:  10265 of 80460

Hi Zev. In your post #10029 you questioned my scenario of sheltering taxable IRA income with additional mortgage interest. Sorry for the delay. Work is the curse of the drinking class. Please bear with me through the detail required to respond to your observations.

First, all financial/asset planning decisions are contextual, i.e., they become good or bad decisions relative to "the particularity of objective conditions" they are intended to address. There is no such thing as a good investment or a good investment strategy. There are only good investments/strategies for a particular person in a particular situation with a particular set of goals. That said, let me move on.

In your post you suggest that I have proposed structuring a home equity loan to offset the taxable income from an IRA/401k. You then propose some terms for that loan. First, and not to be picky, but a home equity loan at 10% simple interest is higher than what is currently available. Second