The bucket approach (also called agebanding) to retirement income planning is the idea that we think about a client’s retirement years in segments. A simple strategy would be to develop a 30-year retirement income plan for a 65-year-old client with three buckets, each of which covers a 10-year period.
Woerheide, Walt, "Why the “Bucket Approach” to Retirement Income Planning is Conceptually Unsound" (2012). Faculty Publications. 382.