Chief Managing Member Derek Miser of Miser Wealth Partners, Inc., in Knoxville, Tennessee, talks about the “Rule of 72” in regards to estimating value of savings and how it should be used [sparingly] in helping determine how much individuals should set aside to reach their goals. His main point, however, is to be realistic as the market fluctuates in the near term always affects the long term growth. All in all, not a bad tool to use but read the article below for Derek’s full take on this rule of thumb.
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