Retiring Americans are quietly rewriting one of personal finance's most famous rules, trading the simplicity of a fixed 4 percent withdrawal for a more flexible "bucket" system that separates cash, ...

Setting an asset allocation and figuring out a mechanism for drawing cash flow from your portfolio is a daunting exercise. That's why the Bucket strategy can be so useful: It can help you visualize an ...

Note: This article is part of Morningstar's September 2016 Retirement Matters Week special report. The bucket strategy for retirement income appears to be a model of simplicity, at least on the ...