Frederick Vettese

You're also getting the mortality credit on top of that.

The fact that you survived and other people haven't survived

The longer you live with it, with that annuity, the more of that mortality credit you're getting.

And it ends up being a better and better deal.

You know what?

I actually talked about that in my book.

That actually is my step five.

They're like a five-step way of securing your retirement income.

And that's the last one.

I talked about the importance of having a backstop.

So everything else fails.

I mean, you already spent, you deferred your CPP until age 70.

You saved it off.

You used a tool like PERC in order to figure out how much income you can actually draw.

So you did all the right things.

Then step five is if those things all fail because you lived too long, your investment returns were even worse than you thought, then you want to be able to tap into your home equity.

What are you going to do with all that home equity when you're

You have a paid off home and you're 88.

And now all of a sudden you have a need for some money.

What would you do with that otherwise?