Quote:
Originally Posted by M2inOR
Our goal is to minimize taxable income each year, taking out only enough to live on, take vacations, and to pay our bills.
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If you want to minimize your taxable income each year, you pay off the bond right now, because you are getting more on the investment income than you are deducting in tax deductible interest.
that's simple math.
So unless your investments are tax free, then paying off the bond minimizes your income more. . . if that is your truly stated goal.
finance guy