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How retirees at 62 can structure a portfolio by “bucket” approach
The piece recommends splitting savings into separate needs buckets, including a portion for necessities funded with secure assets such as bonds or annuities.
Yahoo Finance and SmartAsset present a framework for people preparing to retire around age 62, emphasizing that portfolio allocation and composition remain important after employment income ends.
The article says a person who is 62 should plan for roughly another 20 to 25 years of retirement, balancing longevity and continued growth with risk management so assets can support both spending and preservation.
It outlines a “bucket” style approach, starting with calculating a monthly budget for necessities and targeting that portion to generate income using secure assets such as bonds or annuities.
A second bucket is described for lifestyle spending that could be reduced if needed, with the remainder placed into a longer-term growth portfolio more focused on equities.