Buckets of Money: How to Retire in Comfort and Safety

I purchased this book 2 years ago, read it and decided I'd actually DO something when we were closer to retirement. Well, now we are 3 months away from retirement, I moved our 401k's to cash this year (before the crash) and thanks to Ray Lucia's ideas, we have enough cash for 12-15 years' expenses and unlike most people in this melt-down stock market, we will not have to postpone retirement. His theory is simple: 3 buckets: a bucket of enough cash to get you thru the 1st 7 yrs of retirement; a bucket of bonds to get you thru the 2d 7 years of retirement; a bucket of growth investments that you won't need for 15 years, which will hopefully get you thru all this market volatility. He does makes specific recommendations for each bucket, but the basic idea is simple and removes the risk of retiring too early and running out of money.

My husband and I will be retiring next year, and because of the 3 Bucket book, we will not have to postpone it. I have recommended this book to all my friends who are nearing retirement. If you are within 10 years of retirement, you need to read this book and act on it!

This book is a great book, especially if you don't have a plan already. Ray Lucia puts his thoughts together in an organized manner, and easy to understand. Too often, financial books get into industry terminology that just get people confused. This should give any investor at any age a good grip on how to make financial markets easy.

The book is geared more for folks that are about to retire or are within a few years of retirement; however, the book is very good for those that have several years to retirement as well.

If you have no investment plan, then I recommend this book. If you have a plan that is working for you already, then you may want to stick with that plan. But it never hurts to look at another type of investment strategy, which is exactly what this book is...strategy.

So much has been written on how to accumulate assets from retirement, using dollar cost averaging, asset allocation and focusing on long-term returns. But when you retire the rules change - short term market volatility can destroy a portfolio in the draw down stage and dollar cost averaging is an awful withdrawal method. Ray's "Buckets of Money" method offers a logical approach to break down a long term retirement goal (30+ years) into shorter "investment" timeframes. Read this before you retire!

Buckets of Money: How to Retire in Comfort and Safety
Great read and very helpful for anyone who is saving for retirement or is already retired. Ray's radio show is also a good place to obtain investment planning material.

Very easy to locate, order, and receive book. Price was the best I could find along with quick shipping. This was for my husband and he was very happy with the purchase too.