Posted by Cindy on 15/05/16 - 02:03 am NST
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|Great post. I find this rule to be a great discussion tool with clients, prospects, and in front of groups. As an example, I often tell groups of 401(k) paicptriants that at a 3% inflation rate their purchasing power will be cut in half in 24 years. I use this application of the rule of 72 to help illustrate the need for older workers and retirees to not move everything to cash.|
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