Talk of The Villages Florida - View Single Post - Bond Payoff
Thread: Bond Payoff
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Old 03-12-2017, 03:13 PM
rustyp rustyp is offline
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Quote:
Originally Posted by ColdNoMore View Post
You do save 100% of the interest, but you also lose 100% of the cash used to pay off the bond...that would otherwise be invested/in the bank.

Cash that might be needed for unexpected expenses...or longevity that exceeds what you've 'planned' for.
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This is simple also - you just described the case in which one can not afford to pay off the bond.
Last edited by rustyp; 03-12-2017 at 03:33 PM.