A New Way to Look at Your Bucket List
A Bucket Plan to Go with Your Bucket List
At Boedicker and Associates, we use the world’s first risk alignment platform, called Riskalyze, which mathematically pinpoints how much risk investors want, how much they currently have in their portfolio, and how much risk they need to take to reach their goals.
Built on a Nobel-Prize-winning framework, Riskalyze quantifies the semantics of the financial advice industry, replacing confusing and subjective terms like “moderately conservative” and “moderately aggressive” with a Risk Number®, a number between 1 and 99 that pinpoints a client’s exact comfort zone for downside risk and potential upside gain with a 95% Probability Range. Using your Risk Number, an investment portfolio can then be built to match and begin charting a clearly defined path to achieving your goals.
The first step is to take a few minutes to answer a questionnaire that covers topics such as portfolio size, top financial goals and what you’re willing to risk for potential gains. Then we’ll pinpoint your exact Risk Number to guide our decision making process.
Don’t worry; we can also stress test your portfolio against specific market conditions, illustrate various scenarios, discuss your 95% Probability Range, and set expectations for what is normal behavior for your investments.
What is a Bucket Plan?
People often think of a “bucket list,” but do they have a “Bucket Plan”? Taking into consideration your objectives, assets, income and obligations, together we can design a strategy utilizing a framework of Now, Soon and Later buckets to try and help you reach your goals – maybe even help you mark off some bucket
The three bucket approach divides your money into Now, Soon and Later buckets. The Now bucket is segmented money that is safe, liquid and is intended to be used in the next 12 months. It includes an emergency fund to try and deal with financial surprises. The Soon bucket is for money aimed at identified goals over the course of the next ten years, in other words, money that is not needed today, but sooner rather than later. The Later bucket is for long term goals, generally greater than ten years. Money in this bucket tends to be invested for greater growth potential.
Through this process, we work to educate clients on the concepts of the money cycle, market risk, interest rate risk, and sequence of returns risk. We also take into consideration catastrophic events that can prevent you from achieving your goals.
If you would like to know more about this planning approach and how it can benefit you, please watch the videos located on our home page or contact us for a free initial consultation!
This is a three bucket approach to having some peace during retirement.
Our first priority is helping you take care of yourself and your family. We want to learn more about your personal situation, identify your dreams and goals, and understand your tolerance for risk. Long-term relationships that encourage open and honest communication have been the cornerstone of my foundation of success.
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