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Originally Posted by Bill14564
We paid off our bond. We calculated the break-even point to be about seven years (YMMV). We felt we would be in this house long enough that we would save money by not paying 8+ years of interest.
Some would argue that with a 3% interest rate you will be better off by investing the money. That's a good theory and sometimes it works to your advantage. However, if we had invested that $18,000 we would have something like $14,000 today and still have a bond payment due. Given what we are seeing today, we are happy with the choice we made.
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Depends how you invest that $18k. If you’re in “the Market”, yeah you’re taking a bath. There are other avenues. Look at “Self-Directed IRAs” and real estate…we took our money out of the market in 2019 and haven’t looked back. That was after the last “financial advisor” told us “you just gotta hold out for the “long-term!” I was 61 then…”the long-term is here”, I told him…greeted with only a blank stare