Discussion and response 2 parts
When deciding whether to retire debt ahead of schedule, present value should be taken into account by considering the cost associated with paying off the debt early compared to how much could be saved by not carrying it for its full term. To calculate the present value, compare the total expected payments over the life of the loan versus what it would cost in cash today to pay off that same amount. If there is a significant difference between these two figures and you can afford to do so, then retiring your debt ahead of schedule may be beneficial as you will save money on interest payments over time. Additionally, reviewing any potential tax implications associated with retirement should also be considered when making this decision.