No other generation in history has ever had to plan for this long a retirement. Up to 30 years of income is what they're going to need to create from their savings.

It was a 1-0 count, and coach called a hit-and-run. I just choked up and tried to hit the ball hard, and it went. The guys were going, so it just made it easier for them to score.

Our expectation was that it would have to do with Social Security, pensions, or health care.

That last inning was the best I threw all game.

Fill the bucket with the cash that you'll need for the next two to three years and keep the rest of your portfolio invested for growth. Every six to 12 months, rebalance by trimming from the best-performing assets to replenish the cash.

We run into people who are withdrawing 8 percent a year — more than a sustainable rate. You end up devastating your portfolio.