Finance expert Mike Periu on the “financial bucket” concept for retirement planning.
October 26, 2012 A successful investment portfolio needs to include a combination of investment types with different risk/reward profiles. But how do you translate that into specific decisions that will build the investment portfolio you need to enjoy a good retirement? Many people are turning to the “financial bucket” concept.
Each bucket represents a different phase of your retirement. The first bucket represents the first phase and should include the safest investments since you’ll need that money soonest. The second bucket is the middle phase of retirement and should have a blend of safe and risky investments so you have a chance to make good returns while playing it safe at the same time. The third bucket represents the last phase and here you can choose your riskiest assets because you need this money to grow the most. If something goes wrong you still have time to take corrective action.
Who is Mike Periu?
Mike Periu is the President of Proximo, LLC, a company that markets education and training programs to small business owners, entrepreneurs and consumers.
Mike Periu has been interviewed over 500 times for broadcasters including CNN, NBC TVE, RTE and others. Mike is a contributing author to OpenForum, Yahoo! Finanzas and the Huffington Post.
Mike graduated from Georgetown University in Washington, DC. His degrees are in Finance and International Business. In addition to his work Mike is also on the Board of the Council for Economic Education.
Learn more about Mike Periu
Mike works with small businesses to teach them about finance and management. He started Proximo, LLC, a company that offers small business education and training services focused on finance and technology.
Periu also writes for OpenForum, Yahoo! Finanzas the Huffington Post contributor.
Mike went to Georgetown University where he studied Finance and International Business. He also serves on the Board of the Council for Economic Education and was a Fellow at the Kauffman Foundation.
