3 Reasons To Take CPP At Age 60 - Boomer & Echo
Taking CPP early may not be the most optimal decision but there are some cases where it makes sense. Here are 3 reasons to take CPP at age 60| Boomer & Echo
When should early retirees take CPP? There's no definitive answer, but having the right data will help inform your decision.| Boomer & Echo
When can you retire and how much you need to save? Here are 5 retirement planning options to help you adjust course and reach your retirement goals.| Boomer & Echo
This guide lays out the puzzle pieces: what to do before you retire, what happens in the first year, and how three different retirement scenarios look in practice.| Boomer & Echo
A guide to Old Age Security, including OAS payments dates, when to apply for OAS, and how much you can expect to receive from the government.| Boomer & Echo
One way you may be able to increase your CPP benefits is by taking advantage of the Child Rearing Dropout Provision. Here's how it works:| Boomer & Echo
In previous articles I've looked at reasons to delay taking CPP until age 70, along with explanations why you might want to take CPP earlier at age 60. But in this article I'm going to explain why you shouldn't take CPP at age 65. The most compelling reason to defer CPP is the increase or enhancement of your benefit - 0.7% for every month you delay past 65. Wait until age 70 and you'll receive 42% more CPP than if you took it at age 65. Taking CPP early can also be an attractive option for th...| Boomer & Echo
Taking CPP early may not be the most optimal decision but there are some cases where it makes sense. Here are 3 reasons to take CPP at age 60| Boomer & Echo
It might seem counterintuitive to spend down your own retirement savings while deferring government benefits such as CPP and OAS past age 65. But that's exactly the type of strategy that can increase your income, save on taxes, and protect against outliving your money. Indeed, the key to more lifetime income for many retirees is to defer CPP until age 70. Why Take CPP at age 70? Here are three reasons to take CPP at age 70: 1. Enhanced Benefit - Take CPP at 70 and get 42% more! The typical ag...| Boomer & Echo
