Presented by Richard Mangiameli
The Rule of 72 is a shortcut to determine how long it takes for capital to double, and double again. For example, if you invest $100,000 and earn 7% per annum, you can divide 72 by 7 and learn that your money doubles – $200,000 in about 10 years. If you have another 10 years and you’re still getting the 7% that $200,000 will become $400,000. This would help provide a good income for the rest of your life, never to be outlived. Call Richard Mangiameli LUTCF, FSS our Annuity Sales Manager to find out how money can double by earning only 6.5% per year and that earning could be guaranteed for up to 20 years!