If stocks are at a new performance high, money is moved from Bucket #2 to Bucket #1, refilling Bucket #1 with assets for spending or withdrawal. Creating a financial plan for retirement.

The second bucket is for money you don’t anticipate needing for at least three years but no more than eight years. This bucket can be filled with a combination of stocks and bonds, or mutual ...

A year after the ALS Ice Bucket Challenge raised $115 million, about 40% of the money, $47.1 million, has been spent or budgeted toward specific purposes.

Many people dread making a budget -- but your budget shouldn't be difficult or constricting. Read Next: 4 Things You Must Do When Your Savings Reach $50,000 Find Out: Dave Ramsey: This Common ...

The first bucket is intended to cover near-term expenses during retirement. It comprises stable, liquid assets such as money-market funds and short-term bonds.