Who doesn't want to retire rich?
But, here's the reality. More than 10,000 baby boomers are retiring every day, according to AARP. And most have not saved properly for their golden years.
But, not TheStreet readers. Why? Well, Robert Powell, a.k.a. Mr. Retirement, has been working hard to answer all of your questions. Powell launched Retirement Daily, a premium subscription newsletter, in April of 2018. His goal? To give you the insider's edge on how to maximize and protect your most important investment, your retirement savings. Learn more now.
So, as a special holiday gift - Here are the best secrets and some of TheStreet's MOST popular retirement stories that published during 2018.
What are you waiting for? Get Reading. You've got some work to do before 2019 rolls around.
1. Banish the R-Word From Your Vocabulary
Our most popular retirement story, might not be what you really want to hear. But, it's coming straight from the mouth of 83-year-old business tycoon Jack Welch. He says the concept of retirement is outdated. A little background, the former chief executive officer of General Electric Co. (GE) started working at the company in 1960, a freshly-minted chemical engineering PhD, at a plant in Pittsfield, Massachusetts. He had a starting salary of $10,500. What other tips does Welch have for retiring smart?
Read more: Legendary General Electric Chief Jack Welch Has One Big Retirement Tip (Published April, 2018)
2. Look for Sustained Returns Over the Long Run
Warren Buffett, the chief executive of Berkshire Hathaway Inc. (BRK.A) , has long been described as one of the greatest value investors of this lifetime. His preferences are smart for long-term retirement investors especially - after all, Buffett's favorite holding period, he has said, is "forever."
- Have assets to cash out on a rainy day is key to ensuring that a mini-retirement does not jeopardize your full retirement.
- Resist the urge to co-mingle their travel savings and their other investments.
- Keep your nest egg growing when you're not contributing
- Retirees Should Avoid These 7 Stocks (Published June, 2018)
- Is General Electric Stock Still Good for Your Retirement Account? (Published March, 2018)
- Should Alibaba Be in Your Retirement Portfolio? (Published March, 2018)
Before you add any stocks to your portfolio, talk to your financial advisor.
Retirement Questions Answered, 'Ask Bob'
You're in luck. We're sharing 6 of our favorite and most popular 'Ask Bob' questions with you!
11. 'Ask Bob' How Much Money Is Needed for Retirement?
14. 'Ask Bob' Should Millennials Be Investing With Apps?
15. 'Ask Bob' When Is it Time to Prep For Retirement?
16. 'Ask Bob' What Are the Biggest Mistakes Retirees Make?
TheStreet Archives: A few of our favorite videos!
17.Video: This Is the One Number You Need to Know to Rescue Your Retirement (Published January, 2018)
18. Video: Hey Millennials! Fix These Two Things and Retire Rich! (Published March, 2018)
So, what are they? Well, here's one: When filling out your 401(k) contribution form, sign up for the auto-escalation option. That will automatically increase your annual contribution each year. Odds are good you'll get a pay increase as well so you won't even feel it. And let's face it, left to our own volition, we don't often increase those things on our own.
You'll have to watch the video below for the second one!
19. World Series of Poker Champ Talks Retirement (Published March, 2018)
Annie Duke, former World Series of Poker champion, says she had to think about what the "75-year-old Annie" will need, instead of bowing to a desire now, more than 20 years earlier, to spring for a Lamborghini, for instance, or some other luxury item. Some of that involves setting up safeguards that guarantee retirement money is put away, such as automatic deposits into an account. Watch the video for more.
20. How Robert Powell Got Into Retirement Reporting (Published December, 2018)
Haven't you wondered just a little... How did Bob become Mr. Retirement. Watch the video to find out.
We're not done yet! Five more stocking stuffers..
5 of our favorite Retirement Daily Podcasts!
21. Podcast: How to Pay For Health Care Expenses In Retirement (Published July, 2018)
A 65-year-old couple will need on average $280,000 to cover health care and medical expenses throughout retirement, according to Fidelity Investments' 16th annual retiree health care cost estimate. But do you really need that much? Not necessarily says Carolyn McClanahan, the founder of Life Planning Partners. Why? One, you're not average and two, you'll likely fund health care expenses in retirement with cash flow from assets, Social Security, and maybe earned income.
22. How To Withdraw Money From Your Retirement Accounts in the Most Tax-Efficient Manner Possible (Published December, 2018)
When it comes to generating income in retirement from your various accounts, conventional wisdom would have you withdraw money from your taxable accounts first, then your tax-deferred accounts and, finally, your Roth account. Robert Powell walks you through it. Only have two minutes? Check out the audiogram here.
Two-thirds of households have less than $100,000 saved for retirement. That's the bad news. The good news? Millennials - those born 1981 - 1996 - often get a bad rap when it comes to all things money. But that generation, according to CFP Board research, has its eye on the prize.
And that's good given this stat: "By 2060, there will be more than 98 million Americans who are 65 or older," Kevin Keller, chief executive officer of the CFP Board. Listen to the full conversation below.
When it comes to retirement, there are several critical decisions pre-retirees must make. So says Steve Vernon, author of Retirement Game-Changers, a new book that reveals strategies for a healthy, financially secure, and fulfilling long life.
In our Retirement Daily podcast, Vernon spoke with us about the most important decisions that older workers face as they transition out of the workplace, and into retirement.
Retirement Daily Podcast sits down with Michael Falk the author of Let's All Learn How to Fish . . . to Sustain Long-Term Economic Growth.
Hear how Falk wants us to reimagine health care, retirement, and education policies so that we can usher in what he calls a new ERA (from Entitlement to Responsibility with Appreciation) of sustainable long-term economic growth.
Bookmark Retirement Daily's Playlist below:
A special invitation: Let TheStreet's new premium subscription newsletter, Retirement Daily, give you the insider's edge on how to maximize and protect your most important investment, your retirement savings. Learn more now.
Happy Holidays from Robert Powell and TheStreet Staff!