Lakhify's Three Bucket System for Retirement
🌟 Calling all South African legends! Isaac Lakhi here, your money guru, with a vlog tailor-made for boomers gearing up for retirement or already in it. Let's dive into the game-changing three-bucket strategy for retirement. 🚀 Unlike the outdated two-pot system, this innovative approach, pioneered by Harold Evensky, divides your retirement capital into three distinct investment buckets, each with a specific purpose over different time frames. First on the list is the Liquidity Bucket, ensuring immediate cash flow needs over the next two to three years. 💰 This short-term lifesaver covers emergency funds, routine expenses, and medical costs, with avenues like savings accounts and short-term fixed deposits. Next comes the Safety Bucket, strategically crafted to beat inflation while maintaining liquidity and returns. ⚖️ Covering cash flow needs for the next five years, this medium-term gem includes a mix of equity and debt instruments like bonds and Real Estate Investment Trusts. Last but not least, we have The Wealth Creation Bucket, geared for long-term growth beyond the initial eight years of retirement. 📈 This powerhouse accommodates investments in equity funds, real estate, and gold, leveraging compounding for stellar returns. By integrating the three-bucket strategy with other approaches, you can customize your retirement plan to fit your unique financial circumstances. 💼 And don't forget the importance of health insurance coverage, especially for those with lifestyle diseases. With the three-bucket strategy, your retirement years are set to be phenomenal! 🎉 This balanced approach ensures a steady income stream for short-term expenses while letting your investments flourish in the long run, maximizing the potential of your money. And let's tackle those frustrating moments together! 🤝 Ever struggled to reach your banker or financial advisor when you needed them most? Say goodbye to that hassle with Lakhify! Our AI-powered chatbots are at your service 24/7, or opt for a human touch with our live chat support via WhatsApp. Join our Lakhify Private community today and unlock a world of financial possibilities, from investments and insurance to economics and crafting a winning mindset. 🌟
