When you have a bucket list, you also need a bucket of money to go with it. To get to the places you want to go it takes both time and money. Retirement guarantees that you have a lot of time on your hands, but that bucket of money often develops leaks. On the other hand, your bucket list tends to grow as you begin to explore new places, so you might need a bigger bucket to hold your dreams. Life in its simplest form is nothing more than a “Bucket Battle.”

Those of us from Indiana know the true significance of “The Bucket.” More specifically, the Old Oaken Bucket. It’s the prize the winning team receives when Indiana University and Purdue University play football every fall. The coveted traveling trophy was first awarded in 1925. The actual bucket was found on the Bruner family farm between Kent and Hanover in southern Indiana. An “I” or “P” is attached to its chain each year in honor of the victor. However, the inaugural battle ended in a tie, so an “I-P” link was added. My mom had a miniature replica of this trophy that she passed along to me.

The Old Oaken Bucket
By: Samuel Woodworth (1784–1842)

HOW dear to this heart are the scenes of my childhood,
When fond recollection presents them to view!
The orchard, the meadow, the deep-tangled wildwood,
And every loved spot which my infancy knew;
The wide-spreading pond and the mill which stood by it,
The bridge, and the rock where the cataract fell;
The cot of my father, the dairy-house nigh it,
And e’en the rude bucket which hung in the well,—
The old oaken bucket, the iron-bound bucket,
The moss-covered bucket which hung in the well.

That moss-covered vessel I hail as a treasure;
For often, at noon, when returned from the field,
I found it the source of an exquisite pleasure,
The purest and sweetest that nature can yield.
How ardent I seized it, with hands that were glowing!
And quick to the white-pebbled bottom it fell;
Then soon, with the emblem of truth overflowing,
And dripping with coolness, it rose from the well;—
The old oaken bucket, the iron-bound bucket,
The moss-covered bucket, arose from the well.

How sweet from the green mossy brim to receive it,
As, poised on the curb, it inclined to my lips!
Not a full blushing goblet could tempt me to leave it,
Though filled with the nectar that Jupiter sips.
And now, far removed from the loved situation,
The tear of regret will intrusively swell,
As fancy reverts to my father’s plantation,
And sighs for the bucket which hangs in the well;
The old oaken bucket, the iron-bound bucket,
The moss-covered bucket which hangs in the well.

As the poem describes, the bucket was how we once retrieved life-giving fresh water, as opposed to just turning on the tap. The “green mossy” references do not exactly sound appetizing. It was also made into a song that only Hoosiers like myself would recognize. The poem was written 8 years before the Old Oaken Bucket became a football trophy and long before making a “bucket list” was considered to be a positive exercise.

“Kicking the bucket” was once a common phrase in reference to death. The “bucket list” therefore originally meant a list of things to do before dying. There was a popular 2007 movie starring Morgan Freeman and Jack Nicholson called “The Bucket List” that perhaps inspired each of us to make one. However, to fulfill your list, you need to be constantly filling a real bucket with cash in the form of an IRA. The real life “battle,” as opposed to just a game, is how many buckets do you need to fill before you retire, and how do you keep them from leaking?