Would you like to simplify your retirement planning and create income you don't worry about? This episode is a revisit of my “buckets of money” approach to retirement income planning. This system divides your assets into short-, mid-, and long-term buckets, giving you a simple way to organize your money, create clarity around your investments for that money, and allows you to feel more confident about your retirement.

I’ve seen how much anxiety can come from having all your retirement assets sitting in one large investment account and then hoping for a great market performance. The buckets approach gives retirees a different way to think about their money, one that can make their retirement plan easier to understand and easier to live with. All of my clients who have adopted this approach tell me they love the simplicity of it and they remember how to do it, without a refresher - it really is that easy!

Key Takeaways:

• Know Your Needs: To begin this approach, you'll need to know how much monthly income you need to live on. We can subtract out your Social Security benefits to get what you'll need to withdraw.
• Stress-Free Living: This approach is meant to have you sleeping like you did prior to retirement, not worrying about your money and the market.
• Keep It Flexible: Your plan isn’t set in stone! Revisit your income needs, adjust your buckets as life changes, and make use of side accounts for travel or unexpected expenses.

Want to learn the full process? Listen to my latest podcast episode or reach out if you want to see how this could work for you!

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Disclaimer:

The information discussed in this podcast is for educational and informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, investments, or financial instruments. Private placements and alternative investments are speculative and involve significant risks, including the potential loss of your entire investment. These investments are often illiquid, meaning they may not be easily sold or converted to cash, and investors should be prepared to hold them for an extended period of time. These opportunities are typically suitable only for accredited investors and may not be appropriate for all listeners. Always consult with a qualified financial advisor, attorney, or tax professional before making any investment decisions. The hosts and guests of this podcast are not responsible for any actions taken based on the information presented.