No. of Recommendations: 3
His "Buckets of Money" approach is basically the good approach we know at TMF: Bucket number 1 has 7 years of living expenses very liquid, CD'S, or cash. Bucket 2 is the safety bucket, with another 7 years living expenses. Bonds, etc. Bucket 3 is the growth bucket, i.e. stocks, Real Estate, etc.

I think this is dumb, but not surprising from a huckster. Putting what amounts to 14 years of living expenses in fixed assets sounds just plain stupid to me, unless one is anxious to run out of money before they die. As for the growth bucket, most folks would consider their personal residence to be real estate, and one should never consider their personal residence to be a growth investment, unless they're young and in the defacto business of flipping houses.
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.