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US boomers are using these 2 strategies to enjoy fat monthly cash flows — while their nest eggs stay protected

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US boomers are using these 2 strategies to enjoy fat monthly cash flows — while their nest eggs stay protected.

Vanguard ’s bucket strategy recommends splitting assets into different categories depending on when you expect to spend the money.

Dynamic spending plan involves setting an annual budget based on how much your assets have earned over the previous year , how much inflation you expect, and what you want to spend money on in the year ahead .

The downside is that this strategy doesn’t give you long-term visibility and needs effort and assessment on an annual basis.

Again, hiring a financial advisor or using online tools to automate some of this process could help to make this a successful strategy for you.

This article provides information only and should not be construed as advice.

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