The Bucket Strategy® is usually explained with three core buckets: money you need soon, money you’ll need later, and money that has time to grow. But for some retirees, that basic structure may need extra support. This is where the flexibility of The Bucket Strategy® allows for another bucket or two.
Protected income and alternative investments are not for everyone, but for the right individuals, these "sub-buckets" may be very useful. Would a stronger floor of guaranteed income help cover your basic expenses? Are alternative investments worth considering as another source of diversification, or do the added risks, costs, and liquidity limits make them a poor fit? These are important questions that must be answered first.
When might these extra pieces belong in a Bucket Strategy, and when should they be left out? Find out from podcast host Johnny Dean and Rick “The Professor” Plum, CFP® on this week’s episode of Managing Your Financial Future!
