S1: Episode 8 – The Bucket Approach to Financial Planning – Part 1
Nov 30, 2020•26 min•Transcript available on Metacast Episode description
One of the most common pieces of financial advice is that it’s important to diversify your portfolio. But did you know that there is a specific way that you should be strategically allocating funds when it comes to retirement income planning?
In the first part of this three-part series, Stephen Stricklin reveals the three-bucket approach to retirement income planning. Stephen provides a holistic view of the approach, and dives into the first bucket, discussing the importance of liquid assets for planned and unplanned expenses.
In this episode, you will learn:
The basics of the bucket approach
When you should be focusing on funding the liquid bucket
Why the liquid bucket is where you should plan for emergencies
The importance of being aware of planned expenses before you retire
And more!
Discover the importance of dividing your money strategically with the bucket approach to retirement income planning!
Resources: Wise Wealth
