Uploaded May 2019 | Updated September 2026, 2 weeks ago
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Not all retirement withdrawal strategies are created equal. And that makes perfect sense because not every retiree's goals are the same.
Some people are retiring well into their 70s, they realize that they likely don't have many years left to go and they're not too worried about outliving their money. They just want to enjoy life to the fullest for the time they have left. For those people, more dynamic withdrawal strategies such as the 1/N method may be a viable option to fit their needs and goals.
Other retirees are retiring at a more normal age or perhaps slightly early and expect to be needing to withdraw from their nest egg for 20 or 30 years. These people may have a little bit more concern when it comes to outliving their money, but in comparison to a bare-bones early retiree, maybe not so concerned that they would be willing to forgo too many of the lifestyle perks that they have become accustomed to over the years. As such many of these retirees may want to adopt a more moderate to conservative withdrawal strategy.
Still, others are retiring incredibly early or just wish to leave a lot of money to their heirs or to a charity or cause when they pass on. For these individuals, a truly conservative strategy may be in order.
As you can tell in today's video we are going to be continuing our series on retirement withdrawal strategies. Today we're going to be covering a strategy called the three buckets of retirement withdrawals. As always we're going to be going over what the three buckets strategy is, why we would use it, who it would work well for, and, of course, it's pros and cons in comparison to other popular strategies.
If you enjoyed this video and would like to see more I highly encourage you to check out some of the playlists below and subscribe for weekly videos:
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The Automatic Millionaire - amzn.to/2D9WfEk
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#FinancialIndependence #Retirement #EarlyRetirement
Disclaimers: All opinions are my own, sponsors are acknowledged. Links in the description are typically affiliate links that let you help support the channel at no extra cost to you.
START INVESTING FOR FREE:
📈 M1 Finance - m1finance.8bxp97.net/NextLevelLife
Audible Free Trial (Includes FREE Audiobook) - amzn.to/2zEFqhT
Not all retirement withdrawal strategies are created equal. And that makes perfect sense because not every retiree's goals are the same.
Some people are retiring well into their 70s, they realize that they likely don't have many years left to go and they're not too worried about outliving their money. They just want to enjoy life to the fullest for the time they have left. For those people, more dynamic withdrawal strategies such as the 1/N method may be a viable option to fit their needs and goals.
Other retirees are retiring at a more normal age or perhaps slightly early and expect to be needing to withdraw from their nest egg for 20 or 30 years. These people may have a little bit more concern when it comes to outliving their money, but in comparison to a bare-bones early retiree, maybe not so concerned that they would be willing to forgo too many of the lifestyle perks that they have become accustomed to over the years. As such many of these retirees may want to adopt a more moderate to conservative withdrawal strategy.
Still, others are retiring incredibly early or just wish to leave a lot of money to their heirs or to a charity or cause when they pass on. For these individuals, a truly conservative strategy may be in order.
As you can tell in today's video we are going to be continuing our series on retirement withdrawal strategies. Today we're going to be covering a strategy called the three buckets of retirement withdrawals. As always we're going to be going over what the three buckets strategy is, why we would use it, who it would work well for, and, of course, it's pros and cons in comparison to other popular strategies.
If you enjoyed this video and would like to see more I highly encourage you to check out some of the playlists below and subscribe for weekly videos:
Subscribe for weekly finance videos: youtube.com/channel/UCbsDR27rGCFdDKQVRl_tgEQ?sub_confirmation=1
All of my Personal Finance videos: goo.gl/3qMbXW
All of my Financial Independence & (Early) Retirement Videos: goo.gl/R5JU8E
All of my Stock Market & Investing Videos: goo.gl/swSUQN
All of my Debt-Related Videos: goo.gl/9HkrtF
All of my Budgeting Videos: goo.gl/D3iiSn
All of my Side Hustles/How to Make More Money Videos: goo.gl/oQui48
All of my Book Summaries: goo.gl/xmWeaD
SUPPORT THIS CHANNEL:
Audible Free Trial (Includes FREE Audiobook) - amzn.to/2zEFqhT
Bluehost (Web Hosting) - bluehost.com/track/nextlevellife
ConvertKit (Email Marketing) - mbsy.co/convertkit/42219440
TubeBuddy (Online Tool I Use to Grow My YouTube Channel) - tubebuddy.com/NextLevelLife
RECOMMENDED BOOKS:
The Total Money Makeover - amzn.to/2DaB3Ox
Rich Dad, Poor Dad - amzn.to/2SoMI0t
The Millionaire Next Door - amzn.to/2CJpWuS
The Index Card (Why Personal Finance Doesn't Have to Be Complicated) - amzn.to/2Q5Jz4h
Retire Inspired - amzn.to/2D7L12Z
Early Retirement Extreme - amzn.to/2yGKf9g
Your Money or Your Life - amzn.to/2Q1Ryzd
The Automatic Millionaire - amzn.to/2D9WfEk
The Behavior Gap - amzn.to/2CLdWJm
The Intelligent Investor - amzn.to/2PZtz3u
#FinancialIndependence #Retirement #EarlyRetirement
Disclaimers: All opinions are my own, sponsors are acknowledged. Links in the description are typically affiliate links that let you help support the channel at no extra cost to you.
