How to Maximize Your Retirement Plan Using the Bucket System
Retirement isn't about life winding down; it is transitioning into a new season of life, and to do that comfortably it is crucial to have a solid retirement plan. You work hard for your money, and retirement planning is essential to ensure that the money you work hard for works for you in retirement. That is why Tina Wells Lee & Associates have developed the innovative Bucket System, which makes retirement planning effective and simple. The system separates your money into three buckets that aim to ensure you have the money you need now and the investments required to fund your life for years to come.
The Now Bucket
The first bucket of the Bucket System involves the cash you need now and within the next seven years. Short-term assets and liabilities are analyzed, and a portion of this bucket is invested in an account meant to set you up for life. The remainder is invested to be spent over seven years.
The Later Bucket
Money in the later bucket matches your mid-term assets to your mid-term liabilities to make investments that can potentially peak 8-15 years from now. The assets placed in the later bucket consider inflation and cost of living increases, so you can plan to have the funds you need to live comfortably.
The Long-Term Bucket
Money that you will need beyond 15 years into retirement is placed in the long-term bucket. These investments are meant to provide long-term growth. It can include your continued cost of living, charitable donations, and inheritance.
Contact Tina Wells Lee & Associates
Planning for retirement is critical for long-term quality of life and health. Whether you are newly beginning your retirement planning or want to maximize your retirement assets over the next few years, Tina Wells and Associates is here to help. Our team will work with each client to ensure their plan pursues their unique needs and lifestyle. For more information or questions, contact us today.