Reduce retirement corpus anxiety using 3 Bucket Strategy and Skill Monetization

Retirement planning, including estimating expenses and accumulating a sufficient corpus, should be prioritized early, as it is the only financial goal for which a loan cannot be obtained. However, alternative strategies such as the “Three Bucket Strategy” and “skill monetization” can help reduce the anxiety around retirement. The former involves asset allocation of retirement funds into different buckets, while the latter involves diversifying and monetizing skills to provide an extra income stream and sense of purpose during retirement. The biggest risk to retirement may be the concentration risk of doing just one job throughout one’s working life.