Most people think of “bucket lists” as those items they wish to accomplish or experience before they die. I have a “bucket list” for successfully withdrawing from your retirement to help assure that you don’t run out of money.
First, set aside enough cash to cover one to three years worth of fixed expenses.
Second, move up the risk ladder a bit to intermediate-term (less than 5 years maturity) bonds or bond funds for additional income. Along with the bonds, a diversified mutual fund portfolio of dividend paying equities will help provide income for additional spending.
Third, think long term. Most people look at the timeframe between now and when they will retire, ignoring that they may be retired for 25 years or more. A balanced portfolio geared toward growth will help fill this bucket.
Once the investment “bucket list” is filled – you can move on to the fun type.

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