The information I am providing is my opinion and not necessarily that of my firm or this platform.  I am only providing general educational information and not any customized investment recommendations. You should consult with your Financial Advisor, Tax Advisor or Attorney on your specific situation. Nothing shall be construed as Financial, Tax or legal advice or recommendations.

The bucket strategy is an innovative approach to retirement planning that involves segmenting savings into distinct categories based on time horizons and purposes, aiming to tackle inflation, market, and longevity risks. This strategy is praised by financial experts like Kris Flammang and Collin Habig, who consider it a game changer in managing retirement income efficiently. Both Flammang and Habig emphasize the strategy's ability to simplify decision-making, provide peace of mind, and maintain a sustainable lifestyle by addressing the key risks associated with retirement. Their belief in the bucket strategy is rooted in its flexibility and effectiveness in navigating the emotional facets of financial planning while ensuring retirees can confidently manage their finances over the long term.

Here’s what to expect this episode:

• The bucket strategy helps address inflation, market risk, and longevity risk by splitting retirement savings into different buckets based on time horizon and purpose.

• Bucket 2 provides stability during mid-years of retirement, while Bucket 3 is designed for growth in later years to combat the effects of inflation and ensure income keeps up with rising costs.

• Implementing the bucket strategy simplifies decision-making, instills confidence in the financial plan, and helps individuals manage retirement income effectively by aligning investments with specific timeframes and needs.

Connect with Collin Habig

https://www.linkedin.com/in/collinhabig/

Connect with Kris Flammang

https://www.linkedin.com/in/kristopher-flammang-lpfadv/

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