One approach is to segment your expenses into three buckets:
Next, pair appropriate investments to each bucket. For instance, Social Security might be assigned to the Basic Living Expenses bucket.2
For the discretionary spending bucket, you might consider investments that pay a steady dividend and that also offer the potential for growth.3
Finally, list the Legacy assets that you expect to pass on to your heirs and charities.
A bucket plan can help you be better prepared for a comfortable retirement.
Call today and we can develop a strategy that may help you put enough money in your buckets to complete all the items on your bucket list.
Nisivoccia Wealth Advisors may be reached at (973) 298-8511 or firstname.lastname@example.org.
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