People often think of a “bucket list,” but do they have a “Bucket Plan”? Taking into consideration your objectives, assets, income and obligations, together we can design a strategy utilizing a framework of Now, Soon and Later buckets to try and help you reach your goals – maybe even help you mark off some bucket list items!

The three bucket approach divides your money into Now, Soon and Later buckets. The Now bucket is segmented money that is safe, liquid and is intended to be used in the next 12 months. It includes an emergency fund to try and deal with financial surprises. The Soon bucket is for money aimed at identified goals over the course of the next ten years, in other words, money that is not needed today, but sooner rather than later. The Later bucket is for long term goals, generally greater than ten years. Money in this bucket tends to be invested for greater growth potential.

Through this process, we work to educate clients on the concepts of the money cycle, market risk, interest rate risk, and sequence of returns risk. We also take into consideration catastrophic events that can prevent you from achieving your goals.

If you would like to know more about this planning approach and how it can benefit you, please watch the videos located on our home page or contact us for a free initial consultation!