The Bucket Strategy, Is Not For Clowns!
You may remember The Grand Prize Game from The Bozo Show.
There were 6 buckets lined up in a row. One lucky child from the audience.
Get the ball in the first bucket and win a small prize. Get the ball to bucket 3 and you went home with some goodies.
I like to play with buckets as well, but, in this case, I’m not clowning around.
See, every asset you own, every dollar you have resides in a series of financial buckets. These buckets determine future tax treatment and there is a mathematically ideal amount of money you should have in each bucket to maximize your ability to save taxes.