For a while the key to a successful pension plan was to assume that the stock market will grow at some unrealistic number, and if your numbers did not add up, just throw in another unrealistic number to boost the forecast.

As it currently stands, the global economy is awash in capital, so low rates and tepid economic growth are here to stay.

Outside of Thomas Picketty no one is able to run a large-scale investment fund that consistently generates annual returns of 10%+ year-over-year.