
Rule of 72: What it is and how to use it
The Rule of 72 is a mathematical shortcut used to determine the time it takes to double your money.
Bankrate writer Rachel Christian covers investing and wealth management. Her work has been featured in publications across the country, including Business Insider, the Tampa Bay Times, Evansville Business and the Orlando Business Journal.
Christian is passionate about making personal finance accessible for everyone by providing clear, accurate information that breaks down complex topics for readers.
She’s a long-time journalist with a history of reporting on business and personal finance. During her career, she’s written extensively about investing, retirement, Social Security and Medicare.
Financial education is a priceless asset that pays lifelong dividends.
— Rachel Christian
The Rule of 72 is a mathematical shortcut used to determine the time it takes to double your money.
The special minimum benefit provides a crucial safety net for those who qualify.
As life expectancy increases, many retirees face the risk of outliving their savings.
It can help ensure the long-term financial security of a loved one with disabilities.
Thematic ETFs can help investors focus on a specific aspect of the market.
Fixed-income investors should be aware of rate cuts on the horizon.
The main difference is the timing of annuity payments.
The move aims to improve tax compliance and close loopholes.