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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As retirement planning evolves, there are many strategies that individuals can use to ensure a secure financial future. One popular approach is the 3 Bucket Retirement Strategy, which divides your retirement savings into three different categories based on the timeline of when the funds will be needed. Each bucket serves a different purpose and is invested in a way that aligns with those goals.

The three buckets are typically categorized as follows:

1. Cash Bucket: This bucket is designed to cover short-term expenses, such as living costs and emergencies, over the next 1-3 years. It should ideally hold enough cash or cash equivalents to weather any sudden financial setbacks without having to dip into investments that may be volatile or subject to market fluctuations.

2. Income Bucket: The income bucket is meant to provide a steady stream of income throughout retirement, typically covering expenses over the next 4-10 years. This bucket can be invested in more conservative assets, such as bonds or dividend-paying stocks, to generate regular income while minimizing risk.

3. Growth Bucket: The growth bucket is focused on long-term growth opportunities and should be the most aggressive in terms of investments. This bucket is meant to provide growth over the long term and is typically not tapped into for at least 10 years. This bucket can hold a mix of equities, real estate, and other growth-oriented investments.

When determining how much to allocate to each bucket, it’s important to consider your individual financial situation, risk tolerance, and retirement goals. A general rule of thumb is to have enough cash in the cash bucket to cover 1-3 years of expenses, with the rest of your savings divided between the income and growth buckets based on your timeline and risk tolerance.

For example, if you are close to retirement, you may want to have a larger portion of your savings in the cash and income buckets to ensure stability. On the other hand, if you have a longer time horizon, you may be able to take on more risk in the growth bucket to potentially reap higher returns over time.

Ultimately, the 3 Bucket Retirement Strategy provides a structured approach to managing your retirement savings while ensuring that you have a balance of liquidity, income, and growth throughout your retirement years. By carefully allocating your savings across the three buckets, you can optimize your portfolio for both short-term needs and long-term growth, providing peace of mind and financial security in retirement.