The old way of investing for retirement was to keep a little pile of money at the bank and the rest of your money in a bigger pile in investments and hope that it would last a lifetime. 

Today, however, market risk, interest rate risk, and sequence of returns risk present some of the biggest dangers facing investors at or near retirement. As such, a more sophisticated planning philosophy is essential to stretch retirement dollars to cover your many needs throughout retirement. 

For this purpose, JL Smith has developed The Bucket Plan® philosophy to segment money into three buckets based on your investment time horizon, volatility tolerance, and income needs.