The Bucket Strategy is designed to give you cash flow from assets that are not affected by the whims of the stock market. You don’t want your income to be cut simply because the markets aren’t doing well, and this is the basic premise of Buckets.
Is it complicated? Yes and no. How each person’s Buckets should be set up is almost completely dependent on their goals and their risk tolerance. It’s not very often a matter of “set it and forget it.”
In this week’s episode of Managing Your Financial Future, podcast host Johnny Dean speaks with “Professor” Rick Plum, CFP® about what’s easy – and what’s not so easy – about designing a potentially effective Bucket Strategy.
