GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’ve got the option to read more about oureditorial guidelinesand our products and servicesreview methodology.
Its important to monitor your money throughout, including finding ways to reduce your taxes.
GOBankingRates spoke with finance experts who explained what to know about the bucket strategy andhow it works.
This helps ensure you have money when you need it while also letting other investments grow.
The goal of the bucket strategy is to never run out of income.
But theres another way to look at the bucket strategy to keep retirement planning in perspective.
Taxes can sneak up and eat away at your retirement plans if they arent managed properly, Mangold said.
I think many people believe that whatever taxes you pay are what you should pay and simply accept it.
More From GOBankingRates
Share This Article:
The Latest inRetirement
