The Importance of Compound Interest

Delaying retirement savings can keep you from realizing your retirement dreams because the power of compound interest only works when it has time. A quick estimator is to use the mathematical "rule of 72", where you divide the interest rate you receive on an investment into the number of 72, and the result is the number of years it will take for your money to double.

"The eight wonder of the world is compound interest." - Albert Einstein