Column: ‘Bucket’ approach to spending reduces stress of retirement
Mike Alves was quoted in this article, Published on Pittsburgh Post.
"Every client is different,”. Rather than building in an unsustainable long-term withdrawal rate to accommodate a few trips in the early years, he carves out another bucket for big-ticket items. Clients see that bucket and know that when it’s gone, it’s gone, and they are left with their long-term withdrawal rate that pays the essentials, said Mike Alves, CFP®, CLU®, CRPC®. Managing Director, Founder at Vida Private Wealth.