Predictions about what the markets will do or how the economy will perform are often wrong. That’s why it’s better to “prepare” rather than “predict,” and that requires establishing some basic assumptions.
A good plan for retirement income relies on assumptions about future economic results like stock market performance, interest and dividend yields and inflation. In case you were wondering, sometimes assumptions run off the tracks. Just to confirm my theory, I scrolled back to December 2021 for the predictions for 2022.