What is The Bucket Plan®?
At Hammer Financial Group, we understand that navigating the complexities of retirement planning can be overwhelming. That's why we embrace the principles of The Bucket Plan®, a strategic approach designed to simplify your financial journey and provide clarity for your future.
The Bucket Plan® is a structured methodology that segments your assets into three distinct "buckets," each tailored to address specific financial needs and time horizons:
Now Bucket
This bucket focuses on immediate liquidity, ensuring you have access to funds for short-term expenses and emergencies.
Soon Bucket
Designed for the near future, this bucket aims to provide income and growth for the next 10 years, balancing stability with moderate growth potential.
How Can This Benefit You?
By applying The Bucket Plan® principles, we can help you:
- Mitigate Market Risks: Segmenting assets allows for a balanced approach, aiming to reduce exposure to market volatility, especially during retirement.
- Ensure Consistent Income: Structured planning seeks to provide a steady income stream, aligning with your lifestyle and financial goals.
- Simplify Financial Decisions: Clear segmentation offers transparency, making it easier to understand and manage your financial strategy.
Schedule a consultation today.
We invite you to a complimentary consultation where we'll apply The Bucket Plan® philosophy to your unique financial situation. Our experienced advisors will work with you to develop a tailored plan that aligns with your goals and aspirations.
Contact us today to schedule your consultation and discover how The Bucket Plan® can be the roadmap to your retirement success.
Take the first step toward a confident financial future.
Confidently Navigate Retirement with The Bucket Plan®
Your Questions About The Bucket Plan®, Answered
The Bucket Plan® is a time-segmented approach designed to help manage your assets for immediate, near-term, and long-term needs. Below, we address some of the most common questions about this strategic financial planning method and how it can apply to your retirement goals.
What is The Bucket Plan®, and how does it work?
The Bucket Plan® is a structured approach to retirement planning that segments assets into three "buckets" based on time horizon and purpose. The Now Bucket holds cash and short-term funds for immediate needs, ensuring liquidity for expenses and emergencies. The Soon Bucket is designed for the next 10 years, balancing stability and modest growth to provide a reliable income stream. The Later Bucket focuses on long-term investments aimed at sustaining wealth and outpacing inflation. This approach can help create a more predictable and efficient financial strategy by aligning investments with your evolving needs.
How can The Bucket Plan® help manage market volatility?
Market downturns can be a concern, especially in retirement when withdrawing funds from investments. The Bucket Plan® approach can help mitigate risk by keeping immediate funds in the Now Bucket, so you’re not forced to sell investments during market dips. The Soon Bucket, structured with more conservative assets, helps provide income stability. Meanwhile, the Later Bucket focuses on long-term growth, allowing investments more time to recover from fluctuations. By structuring assets this way, The Bucket Plan® helps to create a strategy that can provide financial confidence even during market uncertainty.
Who is The Bucket Plan® best suited for?
The Bucket Plan® is designed for individuals who want a structured approach to managing their retirement income while maintaining a balance between liquidity, stability, and long-term growth. It is particularly useful for retirees or those approaching retirement who need a strategy to help align their investments with income needs. It can also benefit individuals looking for a simplified approach to wealth management that accounts for market risks, inflation, and changing financial priorities over time. Each plan is customized to the client’s unique goals and risk tolerance.
How does The Bucket Plan® fit into my overall financial strategy?
The Bucket Plan® is not a one-size-fits-all model; it is integrated into a broader financial plan that considers your income sources, risk tolerance, tax strategy, and estate planning goals. By incorporating this approach, we can help structure your assets in a way that aligns with both short-term needs and long-term financial security. Additionally, we consider factors like tax efficiency, required minimum distributions (RMDs), and withdrawal strategies to help ensure that your plan supports your overall financial objectives.
How can Hammer Financial Group help with tax planning?
Our tax planning services focus on identifying opportunities to reduce your tax liability within the framework of current laws and regulations. We can help to integrate tax-efficient strategies into your broader financial plan, potentially increasing your ability to save and invest for the future. By staying informed about changing tax laws, we aim to help you make informed decisions that support your financial objectives.
How can I get started with The Bucket Plan®?
The best way to determine if The Bucket Plan® is right for you is through a consultation with our team. During this meeting, we’ll assess your financial situation, discuss your retirement goals, and outline how this strategy can be tailored to fit your needs. Our goal is to help create a personalized financial roadmap that considers your immediate liquidity needs, future income, and long-term investment strategy. Contact us today to schedule a consultation and take the next step toward a more structured retirement plan.
Overview
Location
Our Office
222 Indianapolis Blvd, Schererville, IN 46375, United States of America
Suite 201
Financial Planning and Advisory Services are offered through Prosperity Capital Advisors ("PCA") an SEC registered investment adviser with its corporate registered office in the State of Ohio. PCA and its representatives are in compliance with the current registration requirements imposed upon registered investment advisers by those states in which PCA maintains clients. PCA may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements. Any subsequent, direct communication by PCA with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. Hammer Financial Group] and PCA are separate, non- affiliated entities. PCA does not provide tax or legal advice.(Insurance, Medicare Supplements and Tax Services offered through Hammer Financial Group are not affiliated with PCA. Information received from this website should not be viewed as investment advice. Content may have been created by a Third Party and was not written or created by a PCA affiliated advisor and does not represent the views and opinions of PCA or its subsidiaries. This site may contain links to articles or other information that may be contained on a third-party website. PCA is not responsible for and does not control, adopt, or endorse any content contained on any third party website. For information pertaining to the registration status of PCA, please contact the firm or refer to the Investment Adviser Public Disclosure web site (www.adviserinfo.sec.gov). For additional information about PCA, including fees and services, send for our disclosure statement as set forth on Form ADV from PCA using the contact information herein. Please read the disclosure statement carefully before you invest or send money.
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Scott Luecke offers Securities through Innovation Partners, LLC (IPLLC) Member of FINRA/SIPC. IPPLC is a registered broker dealer. Scott Luecke is aRegistered Representatives of Innovation Partners LLC. Check the background of this investment professional on FINRA's BrokerCheck. Hammer Financial Group and Innovation Partners LLC are not affiliated entities.
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