The buckets of money retirement solution the ultimate guide to income for life. - Description based on print version record

Investors, shell-shocked by the "Great Recession" of 2008-2009, are looking for answers, for something fresher than the old 'buy-and-hold' mantra. They hunger for stability, yet yearn for growth to rejuvenate their battered portfolios. Ray Lucia's The Buckets of Money Retirement Solution: The Ultimate Guide to Income for Life provides just that—a reassuring and scientifically proven strategy that gives investors both growth and income. Lucia, a Certified Financial Planner who's helped thousands of people invest more than $2 billion, explains how to spend down 'safe' buckets (containing, for example, Treasuries, CDs, bonds), while leaving a riskier bucket (real estate, stocks and alternative investments) to grow long-term. This strategy shields investors from the short-term ups and downs of the market. And it gives them the courage and discipline to stay invested no matter what the future holds. Written in a breezy, accessible style and loaded with tons of examples and clear, specific calculations, the book explains how to set your financial goals, divvy up your money accordingly, and then invest intelligently. With this book as your guide, readers will learn how to achieve both income and growth while at the same time reducing risk. "All in all," Lucia writes, "this plan is akin to a sports car that seats six, approximating the best of both worlds. In this case by being a conservative strategy that's also growth-oriented." Almost every kind of investment—stocks, bonds, commodities, real estate—plunged in the past year or two, turning off millions of investors who'd been planning for and counting on a reasonably comfortable retirement. These retirees or near-retirees need solutions ... something fresher than the old 'buy-and-hold' mantra. Yet here's what they hear from the financial-services industry: Set up an asset-allocation model, then take a systematic withdrawal to support your retirement ... remembering, of course, to rebalance the accounts to remain in sync with the model. Wrong! That maximizes the advisors' fees but doesn't protect the investors' assets during the tough times. The Buckets of Money Retirement Solution: The Ultimate Guide to Income for Life 1 Contents 9 Foreword 13 Acknowledgments 17 Introduction 19 A New Strategy? 20 The Fickle Fads 20 Stick with Cash? 21 What Else Is There? 22 Time-Tested Principles 22 How This Book Unfolds 23 The Importance of a Plan 23 My Bias 24 Part I: REGAIN YOUR BALANCE 31 Chapter 1: Adapt to the Changing Landscape 33 The End of Easy 33 The Lessons 39 A Final Word 40 Chapter 2: Prepare for Whatever the Future Holds 41 Rebuild Your Savings 42 Rethink Your Retirement Years 47 Retool Your Retirement Savings Plans 53 Reinvent Your Strategy 56 A Final Word 58 Part II: FORGE A NEW PLAN 61 Chapter 3: Grasp the Buckets of Money Concept 63 Put Time on Your Side 64 Other Risks 65 Wall Street’s Answer 68 Flawed Analyses 70 Main Street’s Myopia 71 “Reverse Dollar-Cost Averaging” 72 Proper Allocation 74 Proper Location 75 A Final Word 77 Chapter 4: Choose the Proper Investments 79 Bucket 1: The Income Bucket 79 Bucket 2: The Relative Safety Bucket, Mid-Term Investments 88 Bucket 3: The Growth Bucket, Long-Term Investments 98 A Final Word 106 Chapter 5: Execute the Buckets of Money Strategy 107 First, Check Goals 107 Art and Science 108 Filling the Buckets 109 Bucket 1 110 Bucket 3A 111 Planning for Inflation 112 Bucket 3B 113 The Bottom Line 115 The Fate of the Heirs 115 Another Scenario 116 How Much Risk? 117 How to Allocate 118 The Importance of Bucketizing Now 119 A Final Word 120 Part III: REFINE THE PLAN 121 Chapter 6: Take Another Look at Annuities 123 What’s an Annuity? 123 Predicting the Future 132 Good Evidence 132 What Academia Says 133 Recovery Strategy 134 Risks and Opportunities 135 A Final Word 136 Chapter 7: See What REITs Can Do for You 139 What Exactly Is a REIT? 140 Combining the Best Features 140 Public versus Nontraded REITS 143 Another Advantage 144 The Lowdown on Loads 146 Are All REITs Low-Leveraged? 148 What Kinds of Properties Are Best? 150 Differs from Homes 154 The Role of REITs in a Portfolio 154 What Should You Look For? 155 Getting Help 158 My Personal Bias 159 A Final Word 161 Chapter 8: Play It Smart When It Comes to Personally Owned Real Estate 163 Your Home and Your Future 163 Buying Other Real Estate 177 A Final Word 183 Chapter 9: Give Uncle Sam His Fair Share—But No More 185 Tax-Free Municipal Bonds 186 Tax Management of Stock Portfolios 187 Real Estate 187 Roth Conversion 189 Incorporating Your Business 192 Tax-Credit Investing 194 Choosing Smart Location of Assets 196 A Final Word 198 Part IV: LIVE HAPPILY EVER AFTER 201 Chapter 10: Craft a Workable Withdrawal Strategy 203 Beware of Averages 204 Pitfalls Abound 206 Getting Set Up 207 Drawing Down Your Total Retirement Resources 209 Keeping Taxes Low 213 A Few More Thoughts about Stocks 217 A Final Word 221 Epilogue 223 About the Authors 227 Recommended Resources 229 Index 233 0470581573,9780470581575,9780470906699

Raymond Lucia's The Buckets of Money Retirement Solution

"Ray Lucia has always been great on radio and TV. When you read The Buckets of Money Retirement Solution, you'll know why he is one of the nation's top retirement experts."
—Sean Hannity, radio/TV host and New York Times bestselling author of Conservative Victory

"If Albert Einstein were alive, he might have invented something as good as or better than Buckets of Money. He's not, so I think this is one of the best things you can do."
—Ben Stein, economist

"Buckets of Money is the most useful and comprehensive guide to retirement I have ever read."
—Neil Cavuto, Fox Business News

"The simple truth is that Ray Lucia probably knows more about retirement planning than anyone on the planet. For anyone who wonders how he or she is going to pay for retirement, The Buckets of Money Retirement Solution comes just in time. As the Zen master said, 'The answer is in your hands.'"
—Phil DeMuth, coauthor of The Little Book of Bulletproof Investing

"Ray Lucia's strategies of bucketizing your money have proven to be effective and easy to implement, no matter if the economy and market are soaring or plunging. This book gives you the road map you need to bucketize your money and to be able to ignore all the harmful noise that makes it difficult for most investors to succeed."
—Jordan E. Goodman, "America's Money Answers Man" and author of Everyone's Money Book

"If the past few years have tripped up your retirement plans, The Buckets of Money Retirement Solution provides a time-tested, commonsense approach to help you regain your balance and get your investments back on solid footing."
—Brent Burns, President, Asset Dedication

"Many financial books are either too technical or too simplistic, but Ray manages to walk the delicate line to achieve the best of both approaches. He backs everything up with statistics and facts. But he writes in such a conversational, breezy manner that you get the concept without really having to work at it. Wall Street hopes you will not read this book."
—Stephen J. Huxley, PhD, Professor of Finance and Quantitative Analytics, University of San Francisco

Many people head into retirement assuming they will have enough money to live on for the rest of their lives. But when issues such economicdisastercome into play, their financial cushion can become so thin that they may have to cut back drastically on their standard of living or go back to work just to survive. Dont let this happen to you! It's time to discard the old strategies and get a new one.The Buckets of Money Retirement Solutionprovides you with the tips and tools to adapt to the changing landscape and find long-term financial stability.In an easy-to-understand and accessible style, Lucia outlines his proven "Buckets of Money" technique. The concept behind Buckets of Money is amazingly simple. You match your assets to your liabilities. If you need income today, thats a short-term liability (Bucket No. 1) that requires short-term assets, such as CDs and Treasury Bills. If you want inflation-indexed income tomorrow, thats a mid-term liability requiring a match of mid-term assets, such as bonds and certain kinds of annuities, in Bucket No. 2. If you want your money to grow over the long run, thats a long-term liability to be funded with long-term assets, such as stocks and real estate, in Bucket No. 3. To win at the retirement game, you need to know your financial goals, divvy up your money accordingly, and then invest intelligently. With this book as your guide, youll learn how to achieve both income and growth, while reducing risk. "A proven way to protect your nest egg and financially prepare for retirement Many people head into retirement assuming they will have enough money to live on for the rest of their lives. But when issues such economic disaster come into play, their financial cushion can become so thin that they may have to cut back drastically on their standard of living or go back to work just to survive. Don't let this happen to you! It's time to discard outdated financial strategies and get new ones. Protect Your Buckets of Money provides you with the tips and tools to adapt to today's changing economic landscape and find long-term financial stability. Here, in an easy-to-understand and accessible style, author Raymond Lucia outlines his proven Buckets of Money technique. Outlines a proven approach to protecting your retirement nest egg while growing it in a smart and conservative manner filled with real life examples and a self-assessment section that helps you evaluate your investing style Details a workable plan for both saving and withdrawal of your money To win at the retirement game, you need to know your financial goals, divvy up your money accordingly, and then invest intelligently. With this book as your guide, you'll learn how to achieve both income and growth, while reducing risk."--Provided by publisher