the bucket strategy

Your Bucket Strategy Questions, Answered!

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Two of the most popular posts I’ve ever written are about The Bucket Strategy, and how we’re using it to fund our spending in retirement.  

But…you still have “Bucket Strategy Questions”. Today, we’re answering specific questions raised by the readers regarding the bucket strategy, and how it actually works in retirement.

If you’re considering the use of The Bucket Strategy for your retirement, today’s post is for you!

This is Part #3 of The Bucket Strategy Series, the previous posts in the series are below:

The Bucket Strategy Series:

If you’ve not yet done so, I encourage you to read both of those posts before you get into the detailed Bucket Strategy Questions below.  In summary, The Bucket Strategy involves 3 buckets, with each bucket representing a different time period of spending needs.  Bucket 1 (cash) covers the first 3 years, Bucket 2 (income) the next 5-8 years, and Bucket 3 (growth) covers the rest.

We're using The Bucket Strategy to fund our retirement. Today, I answer your specific Bucket Strategy Questions. How does it REALLY work in retirement? Click To Tweet

your bucket strategy questions answer

Your Bucket Strategy Questions, Answered!

I was honored when Wade Pfau invited me to be a guest host on a recent Retirement Researcher webinar.  The topic was “The Ultimate Pre-Retirement Checklist”, and focused on the checklist I developed in my original article on the topic, including details about setting up The Bucket Strategy.  The response was overwhelming, with demand exceeding capacity.  For those of you who missed it, you can view this replay on Vimeo (link may expire, so watch it soon).

bucket strategy questions on retirement researcher
Hanging out with Wade Pfau and Bob French – Retirement Researcher

Fortunately, the folks at Retirement Researcher captured every question raised during the webinar and shared it with me after the webinar.  Those questions form the basis of today’s post.   The majority were “Bucket Strategy Questions”, so I decided to write a post to answer the questions.  

The Bucket Strategy Questions:

Below are the key questions I selected from all of the bucket strategy questions asked, along with my response:

Q: How often do you check your investments and rebalance?

A:  My goal with the bucket strategy is to keep Bucket 1 “full” (3 years of cash), so I’ve been refilling every 3-4 months in light of the strong stock market.  I initially considered doing only an annual “refill” at year-end but decided to do it throughout the year to minimize the sequence of return risk.  Consider a scenario where the market tanks in November and you’ve depleted 11 months of Bucket 1.  Better to keep it full while the market is in your favor, which results in 11 additional months of protection in this example.

By simply subtracting my CapitalOne360 balance at any point in the year from the January starting balance, I can see how much we’ve spent YTD.  This is the amount I target for a refill, using whatever asset class has performed the best YTD.  Primarily, I’ve been selling stocks from my after-tax accounts and moving the $ into cash.  I could go into detail about tax management and the “fungibility” of funds in different tax structures, but that’s beyond the scope of this article. If the markets have declined, I’ll pass on the refill to avoid selling after a market decline.

In addition to the small stock sales, I’ll also review my Asset Allocation using Personal Capital (affiliate link) every 3-4 months.  If my Stock allocation has fallen out of my 50 – 60% target range, I’ll rebalance.  In addition, every January I conduct a portfolio review, which includes a detailed rebalancing and refilling of the buckets.

Three relevant articles are below:

Q:  How do you estimate the bridge you’ll need – funds to cover between retirement and when you may access retirement accounts at 59 1/2?

A:  When I was deciding when to retire, I spent a lot of time estimating our retirement spending requirements (see the When Can I Retire Series for details of the process I used).  I then built an annual Retirement Cash Flow projection, showing how I would fund the first 5 years of my retirement (from age 55 to 60), including which accounts I planned to pull the funds from to cover the spending.  While we could have used the “Rule of 55” (one of the reasons I waited One More Year to retire at age 55), we had sufficient after-tax funds available to build the bridge without the need for tapping retirement accounts.

Q:  For retirement accounts, do you take the current value or discount it for taxes?

A:  Perceptive question, and a good reminder of the importance of including your tax obligations in your retirement planning.  In our case, I use the current value of the retirement accounts, but I include the estimated tax burden in our spending plan (including the additional taxes caused by annual Roth conversions, which I’m doing every year to the top of our marginal tax bracket). You could certainly discount the retirement value by the tax burden, but you’d have to ensure you still capture any other taxes in your spending calculation.  Bottom line, don’t forget about taxes.  Plan for them, and build the expense into your forecasts.

Q:  How do you figure in pensions and SS in your planning?

A: To determine the amount of money needed in each Bucket, I look only at the “gap” remaining between estimated spending and income.  For example, let’s assume you’re planning on spending $100k and expect $20k in SS and a $30k pension.  The “Gap” would be $50k (100k – 20k – 30k = 50k), and Bucket 1 would be $150k (50k x 3).  To address another question raised, make sure you know whether or not your pension is adjusted for inflation, most aren’t (unlike SS, which is).  If you’re lucky enough to have a pension, but it’s not adjusted for inflation, make sure you’re reflecting an increased need for withdrawals as your spending increases over time due to inflation (all else being equal).

Q:  What about “lumpy” spending (e.g., every so often the roof needs replaced)?

A:  I discussed this extensively on the webinar (and in my book, Keys To A Successful Retirement), but this is one of the most common bucket strategy questions I receive so I’ll include it here.  I explain my process in detail in Our Retirement Drawdown Strategy, which includes the following table of estimated “lumpy” spending:

Every January, I add $12k of cash to a sub-account in CapitalOne360, which I then use for “lumpy” spending.  This $12k is included in my Safe Withdrawal Rate calculation.  If no “lumpy” spending happens in year 1, I add another $12k in January of year 2.  In theory, this balance should build until a large “lumpy” expense happens, and it should avoid the need to overspend my SWR target due to unexpected (and yet, expected) bumps.  I call this type of spending “Expected Unexpected Spend” because you should expect it, but you just don’t know when it will occur.  I’m now three years into retirement, and the approach has worked well to date.

Q: What should I do if I have 80% of my retirement investments in Before-Tax accounts (IRA, 401k)

A:  Welcome to the club, having “too much” of our money in pretax is a common problem for baby boomers, who were encouraged to invest in those Before-Tax 401k’s to reduce the tax bite in our earning years.  Unfortunately, the Roth concept wasn’t available in our early careers, when our marginal tax rates were lower due to lower earnings.  As a result, many of us have a large % of our retirement savings in before-tax.  I’m with you, as I demonstrated in our Retirement Drawdown Strategy with this chart of my tax allocation one year before I retired:

Rather than wait until you’re mandated to take your Required Minimum Withdrawals at age 72, I encourage folks to plan for annual Roth conversions once you’ve retired and you’re in a lower tax bracket.  I’ve been doing this every year since I retired, and outline the process I’m using in How To Execute A Before-Tax Rollover Into A Roth.  By controlling the amount of your conversion to the top of your current marginal tax bracket, you can gradually reduce your before-tax amount, and (hopefully) reduce your tax obligation over time.

On a related topic, I often get Bucket Strategy questions about how you manage the buckets given the various tax structured accounts.  In it’s simplest form, I keep Bucket 1 in After-Tax accounts and Bucket 2 – 3 divided among Roth and Before-tax, though I also have some stocks and bonds in after-tax which make managing the refills a bit easier in my early retirement years. It’s helpful to realize your money is “fungible”, and focus on the appropriate asset allocation for your portfolio as a whole. In theory, you may have cash in an IRA and equities in after-tax, then sell the equities to raise cash in after-tax and buy stocks with the cash in your IRA.  You’d accomplish the goal of replenishing Bucket 1 cash without having to withdraw from your IRA.  Read it twice and it might make sense.  Wink. 

The bottom line:  In the withdrawal phase, you have flexibility to determine how you’d like to manage your withdrawals, and can use that flexibility to accommodate the Bucket Strategy as required (another example:  RMD’s from an IRA can be diverted into after-tax cash, if required).  I could write an entire post on this topic, but trust that this short explanation will suffice for today’s discussion.

Q: What is your Asset Allocation, and how does that fit with the Bucket Strategy?

A:  This is another of the frequent bucket strategy questions I receive, and the answer is pretty straightforward.  If you go strictly “by the math”, you can calculate the asset allocation that would result from a typical implementation of the bucket strategy.  Let’s assume, for simplicity, that Bucket 1 is 3 years of cash, Bucket 2 is an additional 8 years of bonds, and Bucket 3 (everything else) is stocks.

If you have 30X your annual spending (which equates to a 3.3% SWR), your asset allocation can be calculated as follows:

bucket strategy questions regarding asset allocation

Let’s look at Cash (Bucket 1) as an example.  Since you’re targeting 3 years of spending, and you have 30 years’ worth of spending in your portfolio, your cash allocation would be 10% (3 years / 30 years).  Using the same methodology for Bucket 2 and 3 results in a 63% stock / 27% bond / 10% cash allocation.

While this serves as a reasonable “rule of thumb” (I hate those), you should never determine your personal asset allocation target on a rule of thumb.  Think through your personal risk tolerance, and adjust as appropriate.  For the record, I target 50 – 60% in stocks (I’ve found a range is easier to use as a rebalancing strategy, and I rebalance whenever I fall outside my targeted range).  I also include 10% as “Alternatives” since I like the additional diversification it provides (REITS, precious, etc). From a simplistic standpoint, we target 60% Stocks/30% Bonds-Cash/10% Alternatives.

I map every asset to what I feel is its appropriate “bucket”, and it works well (for the record, I include REITs in Bucket 2).   Do what works for you, there are no hard and fast rules in how you decide to set up your Bucket Strategy, so long as you follow the general guidelines.  I use Personal Capital (affiliate link) to track our asset allocation – here’s an example of their Asset Allocation dashboard (NOTE: not the author’s data, this was pulled from a demonstration screen shot I found online):

Finally, one of the bucket strategy questions received was regarding HSA’s, and how I view them as part of the bucket strategy.  I do have an HSA, which I keep in cash and include in Bucket 1.  Others may choose to invest their HSA in stocks (tax-free growth and withdrawals), at which point I would include it in Bucket 3.

Q: Did you ever consider annuities?  How would they fit into The Bucket Strategy?

A:  Annuities are certainly one of the tools in the retirement toolbox and should be understood by everyone as they develop their retirement withdrawal strategy.  In return for giving the provider a lump of cash, you get an income stream for life, starting immediately (“Single Premium Immediate Annuity”).  Alternatively,  you could give them a lump of cash, but wait for 20 years to start your income stream (“Deferred” Annuity).  There are a lot of derivatives, but I’d encourage you to stick with the basics to avoid paying higher (and hard to calculate) fees.  With the basic model, the amount of income you receive is a function of the interest rate (lower interest = lower monthly payout for the same lump sum).  

I’ve avoided annuities thus far for two primary reasons:  1) I have a pension, so I don’t feel the need to build a “floor” of known income for life and 2) low-interest rates, which reduce the return on your lump-sum payment.  I am considering a potential deferred annuity at some point over the next 10 years or so, with a payout starting at ~age 85.  I view this as a longevity hedge, and am patiently waiting for interest rates to increase before doing a deep dive on the market.  

As far as the bucket strategy questions about how they fit, I’d view them the same as any other known income source – they would reduce “the gap” that you’re funding from your other investments.  So, using the example from earlier ($100k spend – $20k SS – $30k pension = $50k of annual spending), and assuming your annuity generates $10k/year in income, your known income would increase to $60k ($20+30+10) and your annual buckets would reduce from $50k to $40k.  


Thank you to all of you who attended my webinar with Retirement Researcher, it was one of the highlights of my blogging career.  I was overwhelmed by the positive response, and welcome all of the new readers who found my blog as a result.  I expect there may be more collaboration with Wade Pfau and his team in the future – stay tuned.  

For those who are new to my blog, my main goal (and my byline) is “Helping People Achieve A Great Retirement”.  I hope these answers to your bucket strategy questions have delivered on that goal.  I’ve been using the bucket strategy for 3 years of retirement, and I’m pleased with how well it’s worked.  We don’t spend much time thinking about money, we know what we can spend, and we enjoy our life within our defined spending limits.  Having the automated monthly paycheck transferring into our checking account from our CapitalOne360 account makes the process easy, and maintaining the buckets has been easier than I imagined.    

Your Turn:  What other Bucket Strategy questions do you have?  Are you using the bucket strategy in retirement, or have you found a different system that you prefer?  Let’s chat in the comments…


  1. Fritz – Thank you for the continued education. Upon retirement, I plan on capturing my dividends and capital gains into a ‘bucket’ without the need to sell my investments. I will use this bucket along with my SS and pension while having my investments continue to grow. Enjoyed reading your book! Mike

    1. Mike, capturing your dividends in Bucket 1 is certainly a viable strategy, I had mine set up like that initially, but decided to keep them reinvesting since I found myself with too much cash and decided to reinvest the dividends so I could more accurately do my ‘refill’. Glad you enjoyed my book!

  2. I enjoyed your recent webinar with Retirement Researchers. You covered a lot of ground in the allotted time. Also looking forward to our annual summer visit to Dillard/Clayton area in June. We vacation there twice yearly – summer and fall.

    1. Jack, thanks for sharing the resources. I’m a huge fan of M. Kitces, and agree with his “guardrail” approach. As part of my annual portfolio review, I calculate 3 – 4% withdrawal rate from my 12/31 portfolio, and make adjustments for the following year. With the strong returns, we’ve been able to increase our spending in each year of retirement thus far. Heading off to read the Estrada piece, I’ve read numerous articles on the reality that the “excess” cash in Bucket 1 can reduce the overall return of a portfolio, suspect that’s part of his argument. Since we’ve “made it”, I don’t really obsess over the opportunity cost of the cash buffer, it helps me sleep very well, and provides some dry powder to consider investing on market dips (as I did in March 2020, see the link in my post on the details). No system is perfect, and how you set up your retirement withdrawal strategy must be a very personal decision based on the pros and cons of each approach.

      Thanks again for sharing.

      1. Sure.

        My strategy is a little different since I am not yet subject to RMD, and I don’t have to rely on my savings for income. In my last plan sponsor role, we amended the 401k to bring plan loan processing into the 21st Century. So, when I need liquidity, I borrow from the plan (yes, initiate a loan post-separation). For the pat 12 years or so, the plan loan interest rate has exceeded the investment returns on fixed income options offered by the plan, AND it has generally been less than the rate I would have to pay on a loan from a commercial source. So, in that way, the loan improves both my retirement wealth AND my household wealth accumulation.

  3. Fritz, your the bucket man! After reading your installments of bucket development and strategy several years ago, I created a tab in my Excel retirement workbook named “Fritz Bucket” where I linked all my investments and budget. I proudly report that I have executed your strategy to the proverbial “T” and it has worked fantastically for me. As you aptly stated, everyone’s circumstance is different, therefore, be aware of the cookie cutter. For me, it is that fact that my wife still wants to work for 6 more years, therefore, I consider that a source of income until she retires and then collects a few years thereafter her pension. Therefore, we will make adjustments to the bucket as we go along. Thank you again for developing and wonderfully articulating such a great strategy because now I never panic when I write my own monthly paycheck.

  4. For someone who’s FIRE’d, they don’t have any SS or guaranteed income, how do you choose your bridge amounts and bucket allocations? There’s going to be 20 years of bridging but will eventually have something to look forward to. Would you be doing 3 years “cash” (every penny) for bucket 1, but then what about those other buckets? Would you count all or a percentage of dividends as income or must it be only for CD interest? and then from there figure out your “shortfalls” to be covered by the stock portfolio

    1. John, I don’t see much difference in the bucket strategy approach for someone who’s FIRE’d vs. those who have followed a more traditional retirement. With no guaranteed income, your bucket amount would be calculated on your entire annual spending, and you’d keep 3 years of that amount in cash. I don’t count dividends or interest as “income” when determining the bucket amounts, I simply look at that as return available to use to refill the buckets. Given that your bridge is 20 years (using yoru example), you’d consider Bucket 2 and part of Bucket 3 as that bridge, and make sure you have a plan to access sufficient funds outside your retirement accounts to get you to the age where you can tap into those at age 59 1/2.

  5. Hey Fritz, great summary. I retired two years ago at 61 with a pre-planned a bucket strategy. My “income” since retiring has been the dividends and capital gains that my after-tax accounts kick off each year; up until retirement I always had those reinvested in mostly mutual funds. I’ve been surprised how easily this annual total covers my expenses (~$50K/year), and I actually haven’t needed it all so it continues to build my Cash bucket. I started taking SS this year at 63 which adds even more to the cushion, making total income over $125K/year. Additionally, I have an equal amount invested in IRA and Roth IRA accounts after converting my former 401-k, but I don’t plan to touch these until 72 and by that point plan to have the bulk of that money into the Roth IRA so that RMDs will be minimal. So it’s a good problem to have, but also very comforting to know that I should not run out of money over the next 30 years. But when travel fully opens back up look out! You just can’t stress enough the process of live below your means, never spend more than you make, then save well and invest brilliantly. Thanks for your help to do that!

    1. Suzette, we were fortunate to have a “kind” market in the years since we both retired. I agree “it’s a good problem to have”, but also realize the tide can turn quickly and I’ll continue to keep my defenses well prepared for the next downturn. The bear never goes away, sometimes he just hides in the woods. Enjoy that travel as soon as the opportunity becomes available. In late April I’m taking my first flight since COVID appeared. Glad to see life slowly returning to “normal”…

  6. Fritz, watched the webcast with Wade and you did an awesome job of summarizing your “Pre-Retirement Checklist”. You’re finally being recognized as one of the top authorities for retirement planning (but your readers already knew that). Your presentation of the financial aspects of retirement were spot on. I wish there was another webcast for you to mention more about the non financial elements of retirement. Like fear of retiring, emotionally leaving your job, perpetual OMY and finding your purpose. They’re also very important.


    1. Thanks for your kind words, Francis. I’ll admit, it is rewarding to get invitations to present to respected audiences. I agree with you on the importance of the non-financial elements, and agree it’d be a good topic for a future webinar. Stay tuned…

  7. I also thoroughly enjoyed your presentation on the Retirement Researcher forum!!! I’d be interested in your thoughts on the amount of time prior to retirement that one should start ‘funding’ their cash bucket? I’ve intitially thought that I should start funding it one year prior to needing it. Some folks say start decreasing you’re stock allocation 5-10 years prior to retirement. There is an inherent risk of waiting too long. As an example, if I have a $1M portfolio and am planning on a 3% SWR and ‘need’ $30k in income, yet the stock market crashes prior to retirement. Then my $30k has become less than I ‘need.’ How early is too early or how late is too late?

    1. Thanks for the kind words on the presentation, pleased to hear it was helpful. I started funding Bucket 1 ~two years prior to retirement, though a reader suggested starting 3 years prior and funding 1 year in each of your last 3 years of work. There’s some flexibility, the important point is to have Bucket 1 fully funded by your retirement date. You’re absolutely right in citing the risk of waiting too long. In reality, “Sequence of Return Risk” starts in your last few years of work. I’d target anywhere from 2-3 years to start filling Bucket 1, assuming you already have a 6 month emergency fund stashed in cash.

  8. Fritz- question regarding bucket “2”. The bond portion- should these be intermediate bond ETFs or short term? SCHO vs. SPTI for example?

    thanks for a response.


    1. Bob, I tend to keep a variety of bond maturities in my portfolio, though I do have a tilt toward short- and intermediate- term given the very real risk of interest rate increases. I also keep some muni bonds in my after-tax account. Most of my bonds are in mutual funds, though I also buy i-bonds directly from the US Treasury every year (see my Inflation Hedge post from February).

      Another consideration is to build a bond ladder using specific maturity date bonds (e.g., Guggenheim has bond ETF’s that expire in specific years). I’ve not yet done this, but I’m considering it since it eliminates the interest rate risk as long as you don’t sell the bond fund prior to it’s maturity date. Something to consider…

  9. you always lay it out so clearly and concisely, fritz. i think it’s especially important that you reminded people they only have to fill the gap. in my house we are like you in that we put in a lot of work years so social security will be a real thing for one of us in the not too far future. that’s a nice annuity right there. i just did an interview with ms. liz who is an early retired accountant around our same age. she confirmed her strategy is a lot like yours and even threw you a credit.

    1. “Always”? You clearly missed some of my early posts. Wink. Thanks for the encouragement, and for sharing Ms. Liz’s credit, as well. For the record, I agree that SS should be viewed as an annuity, even better that it has inflation adjustment built in. As they say in England, “Mind The Gap”! Thanks for stopping by.

  10. Hey Fritz, do you have any thoughts on how to implement the bucket strategy along with using an equity glidepath. I suppose the bucket just shrinks over time as the stocks grow, but curious how you might navigate that? I laid out my Withdrawal Plan last week. But as I say it is a work in progress and entirely built around flexibility. So continuing to gather and learn as much as I can!

    1. AR, thanks for sharing your Withdrawal Plan, I see you have 2 years of cash but an 80% equity allocation. So long as you’re keeping the 2 years “full” (e.g., selling some stocks every 3-6 months and replenishing your stocks), you should be able to avoid anything but a prolonged bear. Typically, when I think of an “Equity Glidepath”, I think of the strategy where you start with a lower % equity and grow it back up over time as your Sequence of Return risk is reduced, you seem to be doing the opposite, so perhaps my understanding of the strategy is backward. I do think your HELOC is a nice tool to have in your back pocket, and a nice compliment to the Bucket Strategy thinking. In general, I’d encourage you to do a deep dive review at least annually, and make adjustments as needed to mitigate your risk of a downturn while also generating the returns required to fund your early “accidental” retirement. Hope that helps!

      1. Yeah that makes sense re: bucket strategy and cash. You are not wrong with the Equity Glidepath, the best results were starting at 60% and increasing to 100%. However, ERN did run some good simulations and 80-100 also yielded good results as well. Because I have some backup plans, I am OK with taking on more risk.

  11. Fritz, Great article! We retired a year and a half ago and have 5 years in cash in after tax due to house and business sale. We are between 50/50 and 60/40 overall. Have most of savings in pre tax IRAs and are keeping our income low this year for ACA, then ramping up Roth conversions next year since husband will be on Medicare. My question is, are you planning to pay all your Roth conversions with your after tax dollars? We don’t have enough in after tax to do that. Thanks.

    1. Renee, great question, and another example of the importance of tax considerations in retirement. Yes, we’re fortunate to have enough after-tax to cover the Roth conversion taxes, I had built that tax expense in when we did our cash flow projections. I believe you can apply some of the IRA withdrawal to tax expense, though of course that reduces the amount you’re putting into the Roth.

  12. Not retired yet but I plan on doing a variation of your bucket strategy. I plan to change the % allocations of the three buckets based on market CAPE value. So when the market is high (say CAPE > 30), I’ll have 5+ years of cash for living expenses in bucket 1 but will lower to 2-3 years cash and a lower bond allocation when CAPE is low (e.g. less than 20) to load up more on stocks. During normal times, I’ll likely initially stay at around 20/80 cash+bond / stock vs your 37 / 63 split.

    1. I like the CAPE ratio, but wanted to keep it simple, so settled on the 50 – 60% stock allocation. Theoretically, when CAPE increases, stock prices will be rising and I’ll be selling due to exceeding 60%. When CAPE is down, stock prices should be down and I’ll be buying since I’m below 50%. Your approach is certainly valid, but I suspect it will take a bit more time to manage.

  13. Fritz, nice article. Curious if you are considering a Qualified Longevity Annuity Contract (QLAC) when you eventually purchase an annuity? The QLAC potentially helps solve the RMD dilemma for your pretax IRA accounts – although the current limits are only $135,000 or 25%, whichever is less. Thoughts?

    1. Bob, I expect I’ll most likely go the QLAC route, though my focus at the moment is converting as much of my before-tax into ROTH before RMD’s kick in, so I hope I don’t have an “RMD dilemma”! In reality, I’ll still have a sizeable RMD, and if I do decide on a deferred annuity I’ll go the QLAC route. I’m ~10 years out from a decision, and I expect a lot will change in the tax law between now and then.

  14. Hey Fritz, what are your thoughts about using a bucket strategy that early-on relies more on bonds and dividends than on cash? I know bonds and dividends also can go down during a bear market but I don’t know by how much on average. With VTSAX throwing off around 2% in dividends and bonds a little better than that, one could pay themselves 2% from dividends and another 2% from bonds during a bear market avoiding the sale of stocks during this period. Using this strategy would lower the cash bucket requirement to say 1 year which is a better hedge against inflation. I just don’t know how to gauge the downside risk to this strategy.

  15. I meant to say this strategy would only draw half of my income from the dividends. The remaining 2% would have to come either from the cash bucket or selling bonds. If you assume you only get 2% from the cash bucket, that would cut in the cash bucket reserve need in half.

  16. Fritz, what an excellent live session at retirement research! Just two more questions if I may before putting the “Fritz strategy” into practice: – Do you have between the 3 buckets also a 4th emergency bucket or like the “lumpy expenses” are baked into the bucket 1? Size advise? – Any additional buffer assets as Wade Calls them? Size advise? Best, Chris

  17. Hi Fritz, thank you so much for the webinar I learned a lot about retirement! Lots of helpful information in the FAQ section! Looking forward for the next one.

  18. Thanks again for sharing some great insights into ‘responsible self financing’. I always learn something from your blogs. I retired 6 months ago at age 60 after working for Australia’s BIG4 banks for last 40 years. I spreadsheet my finances and was well prepared for the day I made a call to reward myself and notified my employer that it was time for me to ‘hang the gloves’. I was very much enjoying my job but was ready to go and explore the ‘I don’t know what I don’t know’ space. I chuckle when I hear people say things like ‘I won’t retire because I love my job’ and the other favourite one is ‘I will be bored in retirement’. Plan your retirement properly around health, wealth and happiness, and the playground is waiting for you. Being an ex-banker I cannot help myself from saying…’ Just saving money or frantically paying off debts won’t necessarily make you rich or financially comfortable’. You have to strategize your life and borrowing is a very important component of expanding your wealth and one is a fool not to be using someone else’s (bank’s) money to grow their wealth in the low interest environment. Any amount of money is enough in retirement but more money gives you more real choices.

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