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The Bucket Strategy for Generating Income
Manage episode 418155506 series 3561330
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In this episode of Financial Straight Talk, Jim Fox discusses the importance of focusing on long-term financial planning rather than getting caught up in short-term noise and market fluctuations. He emphasizes the need for a non-emotional, methodical, and mathematical approach to retirement planning. Jim introduces the concept of Market Guard, a system that helps eliminate emotional decision-making and ensures a balanced portfolio. He also highlights the significance of having a solid income strategy in retirement and explains the bucket strategy for generating income.
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