Financial planning for retirement is tricky. In spite of guidelines, average savings amounts and rules for how much you can draw down your investments each year, there’s no way to predict how long you’ll be retired for. Derek Jones, chartered financial analyst at Scratch Capital, notes, “There are virtually endless scenarios based on different dates of death that will each pose their own unique considerations and levels of complexity. The more prudent move is always to plan for the worst-case scenario” (1 ...