Talk of The Villages Florida - View Single Post - Bond payoff
Thread: Bond payoff
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Old 11-26-2020, 12:26 PM
jbrown132 jbrown132 is offline
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Quote:
Originally Posted by TNLAKEPANDA View Post
When is the best time to pay off your Bond? Anyone know for sure?
I know that realtors do not recommend paying off the Bond... however the
Interest is around 6% which is very high.

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I think it’s pretty simple. These assumptions are based on the premise you are never going to move. If you are 70 and have 10 years left on the bond pay it off if you have 15 or 20 years left you just may want to pay yearly. If you are 60 and are in reasonable good health and have 10-20 years left I would pay it off. Anything over 20 it’s probably a crap shoot. If your 55 and can afford it, pay it off. If you are 80 or older. It’s not worth it.