Quote:
Originally Posted by JoMar
We did not pay it off.....won't live long enough to pay the full bond. The math for us, based on returns on investments, expected life (if I live 30 years don't expect to be in this house at 103) made a payoff not a good move for us. As stated, different personal situations equal different results.
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Is the bond like a mortgage ? Interest is paid on the unpaid balance ? Thus in the beginning little comes off the principal. Did you look at your 30 year analysis from this aspect ?