The Rule of 72 vs The Rule of 108 Many are familiar with the - TopicsExpress

The Rule of 72 vs The Rule of 108 Many are familiar with the Rule of 72. If you take the interest rate you are getting on your money and divide it into 72, the result is an approximation of the number of years it takes your money to double. For example, if you have a lump sum of $10,000 earning a yearly rate of 3%, it would take around 24 years to grow to $20,000. However, taxes are assumed to be deferred until the money is withdrawn. The Rule of 108 will estimate the numbers of years it will take your money to double in a taxed account, assuming a 33% tax rate. If you have that same lump sum of $10,000 earning a yearly rate of 3%, it will now take around 36 years to double to $20,000. Growth Rate Rule of 72 Rule of 108 (Tax Deferred*) (Taxable @ 33%) 2% 36 Years 54 Years 3% 24 Years 36 Years 4% 18 Years 27 Years 5% 14 Years 22 Years 6% 12 Years 18 Years 7% 10 Years 16 Years We strive to find and utilize tax-deferred strategies, enabling your money to work harder for you.

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