Latest News
Retirement Financial Planning: Understanding the “Rule of 72”
One of the older axioms in popular financial planning is the “rule of 72,” an equation that mathematically enables one to estimate how long it will take to double a specific amount of money. Back in the heyday of financial growth was, say when interest rates were in the double digits, it presented a sort of pleasant scenario to think about. Nowadays, though, it can be depressing, although the low inflation attribute of interest rates gives one solace. Anyway, this piece by Karin Price Mueller of NJMoneyHelp.com for NJ.com, explains the math behind the “rule of 72.”
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.