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Dev Raga Personal Finance
340 what is the three bucket strategy?
Oct 3, 2023
This episode discusses the three bucket retirement strategy, including emergency savings, medium-term holdings, and longer-term holdings. It covers rebalance rules, pros & cons, and provides examples. The podcast also explores other retirement planning strategies and emphasizes simplicity in choosing a strategy.
22:59
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Quick takeaways
- The three bucket strategy for retirement planning involves dividing assets into emergency savings and liquid assets, medium-term holdings, and long-term holdings with higher risk investments.
- The allocation of assets in the three bucket strategy varies based on age and proximity to retirement, with younger individuals advised to focus on long-term holdings and older individuals adjusting their allocation between the buckets.
Deep dives
The Three Bucket Strategy for Retirement Planning
The podcast episode discusses the three bucket strategy for retirement planning. The strategy involves dividing assets into three categories. Bucket one is emergency savings and liquid assets, which cover operating expenses for one to three years. Bucket two consists of medium-term holdings that can be accessed in the three to five-year timeframe for expenses such as helping family members, car repairs, or dream holidays. Bucket three is for long-term holdings with higher risk investments, such as stocks and funds, meant to last for decades. The three bucket strategy allows for allocation according to risk tolerance and ensures liquidity and growth potential while protecting against downside risk.
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Discover
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