Rule of 72: What it is and how to use it
You don’t need a finance degree to figure out how long it’ll take to double your money as an investor. The Rule of 72 offers a quick shortcut to estimate growth based on interest rates or, on the flip side, the ero... See more
How an annuity can help you delay Social Security and retire early
Claiming Social Security before your full retirement age can stunt your monthly payouts for the rest of your life. For people born in 1960 or later, full retirement age is 67, though you c... See more
Ordinary annuity vs. annuity due: The small difference that affects its value
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Key takeaways
- The key difference between an ordinary annuity and an annuity due is when payments are made, which can affect the overall value.
- Ordinary annui... See more
Rule of 72: What it is and how to use it
Expert verified
Key takeaways
- To use the rule, divide 72 by your interest rate to estimate how many years it’ll take to double your money.
- Use the Rule of 72 for ballpark planning, but lean on calculators or pr... See more
How to get out of an annuity: 4 options to get your money back
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Key takeaways
- You can cancel an annuity at no cost during the “free-look” period, but after that point it can be much harder and more costly.
- Some annuities have limited wi... See more
