Bucket Two: Financial Stability
Bucket Two is financial stability. Bucket 2 doctors now have earnings with which to fund their basic expenses plus the taxes on those earnings. They rely on experts to provide guidance year to year on the structure to maximize the efficiency, control and safety of the protection of their earnings. This includes protection of your earnings from catastrophic loss due to disability, early death and critical or terminal illness.
Earnings in Bucket Two are allocated to three to six months of lifestyle costs in a savings account as an emergency fund, life insurance, disability income insurance, long-term care insurance (unique properties and tax treatment also qualifying the latter for Bucket Five).