I am looking at my mom's finances and see that she has several bonds that expire in 10-13 years. I am filling out paperwork for assisted living for my mom, and see on one of her investment statements that she has several bonds, one taking a loss, that do not mature for another 10-13 years. My understanding is that these were sold to her sometime in the past couple of years. Is there anything that can be done to change this without taking a loss? It seems unethical that a company could sell an elderly person bonds that don't mature until potentially after death.
Think of those prices like stock prices. Similarly there's taxation on long term vs short. No problem buying or selling, and bonds are often the safest thing for most people going into nursing care. I'm not a financial advisor or CPA, just an old student of investing.