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Hey everyone. First time poster. Age-21 and looking for a retirement plan

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11-03-2009, 10:06 PM	#1
Coach Full time employment: Posting here. Join Date: Nov 2005 Location: Colorado, USA Posts: 880	Roger, it sounds like your informant was mis-using the old "Rule of 72", which is used to approximate the doubling time of a single, compounded investment. Divide 72 by the interest rate to estimate how long it will take an investment to double. For example, a $1000 investment earning 6% will double to $2000 in about 12 years. Coach

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