Back to Bucket Plan® Basics: Episode 1

About the episode:

Learn a simplified approach to asset allocation that clients will actually understand. Host Dave Alison, CFP®, EA, BPC, President and Founding Partner of C2P, discusses the revolutionary concept of bucket planning with special guest Jason L Smith, CEP®, BPC, Founder and CEO of C2P, author and pioneer of The Bucket Plan®. Smith shares the philosophy of “bucketing” or segmenting money and how he developed this simplified asset allocation strategy. Together, they explore the benefits of simplifying financial strategies like The Bucket Plan® and how it helps clients streamline their wealth management and limit risk.

Tune in as they share real-world examples and discuss the powerful impact this approach has on client behavior during market volatility.

Key Topics Covered:

• The Origin of the Bucket Plan® Philosophy: How Smith naturally developed the approach by expanding on the concept of segmenting or “bucketing” different portions of a client’s assets for specific purposes while working with a client.
• The Bucket Plan® approach and implementation: By structuring a client’s finances into clearly defined buckets (now, soon, and later) advisors can easily break down their financial plan strategy and coach clients on how to behave during market fluctuations and economic uncertainties.
• Behavioral Coaching and Client Peace of Mind: One of the main benefits of the Bucket Plan® is reducing or eliminating what Jason Smith calls “freak out” risk. Clients gain peace of mind knowing that their immediate needs (now bucket) are covered during market downturns and that there is a plan for the future (soon and later buckets).
• The Power of Now, Soon, and Later Buckets: The strategy is easy for clients to understand, provides them peace of mind, limits risk, and even opens the door for conversations about Roth conversions, life insurance, and asset-based long-term care, providing protection and tax-efficient strategies.
• Real-Life Client Success Stories: How Bucket Planning® can revolutionize your client’s financial journey, whether they are wealth accumulators or retirees, and provide them with confidence and clarity in managing their wealth.

Resources:

• The Bucket Plan® Book
• The Bucket Plan® Audiobook
• The Bucket Plan® Training