A lot of "voodoo" economics floating around this thread.
First of all, I agree that everyone should do what they think is right for their situation.
I chose not to pay it off, and here is why----
My bond is $28,742 for which I pay $2,004 for 30 years = $60,120
The same $28,742 invested in the stock market for 30 years at the 100 year statistical ROI of 8% ends up being $289,221. (Do the math) Food for thought for those that claim it is a "no-brainer" to pay it off, or suggest that a financial advisor is somehow an idiot for advising a client not to pay it off. But once again, it remains a personal decision for each individual to make.
Last edited by golfing eagles; 03-11-2017 at 10:49 AM.
|