#20 My Bucket Strategy
Solanki Ridhin
تفصیل
<p><strong>My Bucket Strategy</strong></p> <p><strong>Think of putting each investment objective in a bucket.</strong></p> <p>Link specific accounts to each goal (bucket).</p> <p><strong>My buckets:</strong></p> <p>- Cash / emergency fund bucket</p> <p>- 70 plus bucket (401k)</p> <p>- 59 to 69 (IRAs)</p> <p>- 50 to 59 (Taxable Account)</p> <p>- Kids College Bucket</p> <p>I have used MINT.com for a long time. It is a free investment account budget tool & aggregator. That means is one app that give you a view of all your accounts and real time net-worth.</p> <p>However - it also has a really cool goal feature on the when you use it on a laptop. It allows you to create a goal, for example, college savings. You can then set how much you want to save & by when. Next, you open the goal & select the accounts you want to assign to that goal. For example your 529 investment account.</p> <p>I went on to set a goal called "70 plus", which I created to hold all the money I needed for 70 and over, another 60 to 70, and another 50 to 60. I linked my 401k to the 70 plus. I linked my IRAs to 60 to 70 bucket. I linked my Brokerage account to the 50-60 bucket. I linked my High Yield Savings account to my emergency fund bucket.</p> <p>What is nice about this - is that you create the buckets that make sense for you. For the way I think, it made me feel better to know I had specific goal covered - and when I felt there was a gap in one of them, I could take action to correct & get it back on track. For example, about 10 years ago, I received a bonus at work, and dumped it all into my kids 529 plans. At the time, I expected it to grow and cover 50% of college expenses - thanks to bull market, it covered 100%. The point is you can routinely add to your buckets or if opportunity arises, toss a lump at a goal & be done with it.</p> <p>Hope this helps you build and live your best life!</p> <p>www.mint.com</p> <p>https://www.
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karlieSong
Creator