For pre-retirees seeking steady income in retirement, one of the most popular options today is a so-called bucket strategy. And for good reason. Retirees like the security it offers. But bucket strategies can differ widelysome work well, while others, not so much. In fact, one version of this approach could lead you into a retirement trap.
Ill tell you the best way to use a bucket strategy and how to avoid missteps. But first, heres how buckets work:
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