Ask Paula: Should I Take a Higher-Paying Job if I Can’t Save As Much for Retirement?
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The Three Buckets
A lot of financial advisers look at a strategy called the three buckets. You'll keep enough money for the next few years in a first bucket, which is cash or very low risk bonds like jinny mays. The second pot is maybe that mid term, five years to maybe ten to 12 years out,. Any money that dan's going to need for those years. So i think that making sure that you leave enough mone in that growth position, like he's had it already, leaving money in a growth spot is great idea.
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