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Back to Bucket Plan® Basics: Episode 2

The Bucket Plan® On-Demand Podcast

Back to Bucket Plan Basics: Episode 2, Design

In This Episode

About the episode:

Discover how to design personalized, comprehensive financial plans for your clients using The Bucket Plan® process with insights from Jason L Smith, CEP®, BPC, Founder and CEO of C2P and JL Smith Holistic Wealth Management, and Dave Alison, CFP®, EA, BPC, President and Founding Partner of C2P and founder, CEO, and lead advisor of Alison Wealth Management. These two discuss the foundational elements and sophisticated strategies that bring a client’s financial plan to life and the importance of proactive and comprehensive planning.

Key Topics Discussed:

  • Origin of The Bucket Plan®: Discover the history behind this financial planning process, how it originated from Jason’s practical use of notepads and dry erase boards and evolved into an innovative client engagement tool.
  • Asset Organization and Client Preparation: Learn about the crucial role of the Family Estate Organizer in compiling and categorizing client assets for effective financial planning, emphasizing the importance of a detailed asset review.
  • Detailed Analysis of Bucketing: An in-depth examination of the now, soon, and later buckets, focusing on their specific components like planned expenses, income needs, and emergency funds, along with the significance of tax implications in the planning process.
  • Navigating Complex Planning Challenges: Insights into managing intricate scenarios such as Social Security optimization and Medicare bridges, highlighting the need for a nuanced and tax-efficient approach to withdrawals.
  • Client Engagement and Financial Planning Strategies: Strategies for enhancing client participation in the financial planning process, utilizing visual aids and the conceptual framework of The Bucket Plan® to deliver tailored financial advice.

Tune in to gain a deeper understanding of how to effectively design plans that address your clients’ immediate needs while setting a solid foundation for their financial future.

Resources:

Back to The Bucket Plan® Basics: Episode 2, Design

About the guest hosts:

Jason L Smith is a nationally acclaimed speaker, financial planner, best-selling author, coach, and entrepreneur dedicated to simplifying financial planning for families worldwide and supporting advisors everywhere. He is the Founder and CEO of C2P, as well as his own holistically run financial services practice, JL Smith. Jason’s passion and expertise lie in all aspects of holistic financial planning, further evidenced by being Founder and CEO of Prosperity Capital Advisors, a nationally recognized planning-first RIA. As a skilled leader in the financial services industry, Jason truly enjoys helping advisors secure and scale their businesses and better serve clients through C2P’s trusted processes and models.

Dave Alison is an accomplished financial planner and business leader committed to helping advisors expand their reach and improve the quality of their service to clients. In addition to being the President and a Founding Partner of C2P and the Founder and CEO of Alison Wealth Management — his own financial services firm — he is also the President and Founding Partner of Prosperity Capital Advisors, an acclaimed planning-first RIA. Dave leverages his expertise in all things financial planning, particularly taxes and solutions for high-net-worth clients, to educate financial professionals on best practices and ways to raise the bar in their own practices. Wealth Management, his own financial services firm.