I met with someone in his 60s who wondered how much he should have in each one of the “3 buckets”.
This video goes over the process of finding the right amounts that fit his unique retirement plan.
-Dave Zoller, CFP®

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When it comes to retirement planning, the 3 Bucket Strategy is a popular and effective way to allocate your savings and investments. This strategy divides your retirement funds into three separate “buckets” based on your time horizon and risk tolerance. Each bucket serves a different purpose and is designed to provide you with income throughout your retirement years.

The first bucket is the short-term bucket, which is designed to cover your immediate expenses and emergencies. This bucket should typically hold enough cash or liquid assets to cover at least three to six months’ worth of living expenses. This bucket is important because it allows you to access funds quickly in case of unforeseen expenses or emergencies.

The second bucket is the midterm bucket, which is designed to cover your expenses in the medium term, typically over the next 5-10 years. This bucket should hold a mix of cash, bonds, and conservative investments that provide a steady income stream. The goal of this bucket is to ensure that you have a stable source of income to cover your expenses while also preserving your capital.

The third bucket is the long-term bucket, which is designed to cover your expenses in the long term, typically over 10 years or more. This bucket should hold a mix of stocks, mutual funds, and other growth investments that have the potential to generate higher returns over time. The goal of this bucket is to provide you with growth potential and inflation protection to ensure that your money lasts throughout your retirement years.

So how much should you have in each bucket? The answer will vary depending on your individual financial situation, risk tolerance, and retirement goals. However, a common rule of thumb is to allocate around 30-40% of your assets in the short-term bucket, 30-40% in the midterm bucket, and 20-40% in the long-term bucket.

It’s important to regularly review and adjust your bucket allocations as your financial needs and goals change. By following the 3 Bucket Strategy and properly allocating your retirement funds, you can help ensure that you have a secure and comfortable retirement. Consulting with a financial advisor can help you determine the best allocation for your specific situation.