THE MONEY CYCLE.
Finding the right balance between protecting your current assets and building for the future can be difficult, and the need to preserve a portion of your assets as you approach retirement is critical.
When it comes to your retirement, it's important you have a clear understanding of the money cycle, a series of events that each person experiences in their life, and can be broken down into three distinct phases.
THE BUCKET PLAN.
The stability many Americans enjoy before they retire is not guaranteed after retirement. This can be a significant shift in your finances and will depend on the type of income sources you have during working years, like annual paychecks or Social Security benefits; how much money was contributed to various types of financial accounts such as IRAs ( Individual Retirement Accounts); government transfers such as pensions or social security payments that are regularly made each year.
However, finding the right balance between protecting your current assets and building for the future can be difficult, and the need to preserve a portion of your assets as you approach retirement is critical. Custom retirement income planning using the Bucket Plan approach can help ensure you have a steady income stream throughout every phase of your retirement.
The Bucket Plan helps preserve your money by segmenting it into 3-buckets (the NOW Bucket, the SOON Bucket, and the LATER Bucket) based on the purpose and time horizon before needing it.
AMAZON BEST SELLER IN WEALTH MANAGEMENT & RETIREMENT PLANNING
Do you want a secure retirement, free from worry, stress, and confusion? The Bucket Plan® is a must-read book for anyone serious about creating a practical and sensible financial plan for his or her retirement years. The financial planning process outlined in this book is based on a three-bucket philosophy of strategically positioning assets to plan for and mitigate the risks and dangers that can occur in retirement.