Frederick Vettese

That's right.

I wouldn't be in agreement with all that.

Like, for example, the whole life insurance thing and all that.

My problem with it is I haven't fully tried to get my hands really dirty to understand all the angles, I guess, involved with these, whether these really are good things or not.

If I don't fully understand it, then I have to figure that the average individual out there wouldn't fully understand.

I'd say do all the things that make sense to you with an advisor you trust before you start doing anything really esoteric like that.

I wouldn't be doing it unless I fully ever got there, and I just haven't got there yet in terms of saying, yeah, these products make a lot of sense.

I got a feeling that they probably do make sense in certain situations from a tax point of view, but...

You know what?

I think back to my own dad when he was like 65, 70.

He started getting investments on the advice of his accountant based on tax.

And whenever you invest in something just based on the tax aspect and nothing else, it usually ends up being a mistake.

And it was definitely a mistake.

So that's why I'm a little bit worried about it.

I have to keep an open mind because I haven't really delved into it yet.

Maybe there ends up being a thing, but

I think I would have known by now if this was the best thing since sliced bread.

Yeah, that's right.

It's different from the advice I used to give.

I used to say, make sure that you paid off the mortgage before you retire.