A proven way to financially prepare for retirement
Are you wondering if you can make your retirement savings last? Concerned about inflation reducing your purchasing power? Worried about the stock market's violent swings?
In Buckets of How to Retire in Comfort and Safety, nationally recognized Certified Financial PlannerTM and radio personality Ray Lucia offers you a smart and conservative way to protect and grow your nest egg-so you can enjoy a comfortable retirement without worrying about your money running out.
Developed by Lucia over his thirty-year career as a financial planner, the "Buckets of Money" technique is a proven way to achieve both income and growth, while guarding against the ravages of inflation. Buckets of Money is filled with in-depth insights and practical advice that will help you assess your retirement situation, save the money you need to last your entire lifetime, and adjust your plan to good times and bad.
Regardless of your age, income, net worth, or investment experience, you need to have a solid plan for your retirement years. Buckets of Money provides you with such a plan, and shows you the best way to implement it.
I really liked this book in 2004, it was part of my early retirement planning, but now that interest rates on CD's have been and probably will continue for some time to be sub 1% I don't think his system makes sense anymore.
This book was kind of all over the place, advice wise. While it gave some "extra tips" that were frankly better than the "buckets" strategy IMO, it also had some info that was counter-intuitive to what I've heard so far. Also of important note, this book was written before the housing bubble, I think around 2002 or so, which can either be considered as timeless or out of date, depending on what is being discussed.
An easy to follow way to look at your future personal finances. A really helpful read! "Buckets Of Money" has helped to simplify how you look at retirement planning and what you need to do.