Gorbo:

I'll tell you what I did; w/out knowing yr financial structure, yr ? really can't be answered anyway but here's an anecdotal record.
I had a mortgage @ 9 1/2% when I hit 62; I took the $$ & proceeded to put it ALL into paying off my mortgage. In that I couldn't get a fixed return anywhere near the mortgage rate, it only made sense to me to pay off my note as quickly as possible which I did. I'm "tickled pink" that I made that decision. I think the issue is do you need the $$ to live on? If so, you should go on working & wait 'til 65. Otherwise, take it!!