This will be a shorter post and extremely basic for any experienced investor. The Rule of 72 helps you estimate how many years it takes to double your money, based on an average annual rate of return. This is a quick, simplified way to account for compound interest. It assumes you reinvest all of your … Continue reading Rule of 72
Month: September 2017
The 4% Rule
If you're ever thinking of retiring, you should familiarize with the 4% rule. The basics of the 4% rule: when you "retire", calculate what's 4% of your nest egg*¹, and withdraw no more than this amount annually (adjust/increase each year for inflation), and your nest egg will*² never be depleted throughout your retirement*³. Why 4%? … Continue reading The 4% Rule
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