Ask Terry Questions Bond value

Bond value

By Terry Savage on December 31, 2018 | Wild Card

My mother purchased a bond in 2010 that will mature in 2030. Supposedly the bond is paying a little more than 5.5% interest but her monthly statements show her funds fluctuating (it seems) with the market. She is 89, and her broker advises keeping the bond but is that the best thing to do considering her age?

Terry Says

I’d have to know the exact description of the “bond” as it appears on her statement to respond to your question.  Please write back with more details.



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