Financial Planner Nicholas Ockenga was recently featured by MoneyGeek for his article "Expert Insight on Compound Interest."
In his piece, Ockenga explains the rule of 72 as a method to understanding compound interest. He offers insight into how "the longer you keep money invested, the more compound interest can work in your favor, whether it’s in a taxable account or a tax-deferred retirement vehicle." While compound interest can be used to your benefit, he also explains how it can work against you when it comes to debt.
MoneyGeek is a personal finance website that seeks to make personal finance more approachable and accessible. It covers a broad range of topics such as credit cards, loans, financial planning, insurance and mortgages.
Read Ockenga's insights here.
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