@tadtalksmoney: Many Canadians Take CPP too soon. Here’s Why That’s a Mistake Taking CPP at 60 cuts your pension by 36% for life. Timing matters more than you think. Let me know what you think in the comments ➡️ Link in bio to schedule a complimentary zoom consultation Disclaimer: All videos are for educational/entertainment purposes only. Figures used are to demonstrate concepts, not financial advice. This message is an expression of the author’s personal opinions. The company will not be held liable in any way for the opinions expressed herein. #CPP #RetireSmart #PersonalFinanceCanada #EarlyRetirement #RetirementPlanning
How much money did you loose by holding off 5 years? If you were to take ccp at 60 and strictly invest it. It would benefit more than waiting till 65 ..
2025-08-01 09:43:51
11
Thunder :
Took it at 60, invested it with returns between 10-14% from 2019-2024
2025-08-01 13:30:18
30
Jack🇨🇦 :
By the time we turn 70.1700 a month is what it will cost for a weeks worth of food.
2025-08-01 11:19:47
20
Mario rules :
Wait till Carny decides that we should move the retirement age to 70...
2025-08-01 14:26:47
11
OCR - Old caucasion retired :
I get almost $1k and I took it at age 60
2025-08-01 16:55:04
8
Jim :
I took it and banked the 40 k I received from 60 to 65
2025-08-01 07:06:07
7
J :
its not a benefit! sadly, its treated like one...but its your money!! The "rules" to use your own money are a political game that should not be played!!
2025-08-01 12:57:59
19
the_great_white_horse :
If the liberals remain in power in 20 years there will be no cpp.
2025-08-02 20:17:45
14
murrfurr80 :
Who has anything to do at age 70? life expectancy is drastically lower that 70
2025-08-01 12:18:43
5
richlife🇨🇦 :
you have to look at the whole financial picture of each individual before making the decision.
2025-08-01 03:56:35
9
user3658207043572 :
CPP is a scam.
2025-08-02 01:26:21
13
heididoe123 🇨🇦🍁 :
If you’re single and don’t take it early, but die, say at 64, your estate gets a minimal death benefit and that’s it. Not another dime. Take it at 60 and invest it within an RRSP for as long as you can.
2025-08-03 03:14:20
5
65divaprincess🇨🇦 :
My husband took it at 60 and his CPP increased every year and now at 65 is exactly where he should be if he waited to 65. I say take it at 60 now a days every penny counts
2025-08-02 01:38:27
6
supermar :
I'm taking it at 60
2025-08-01 17:38:35
17
debbieheidinger :
The way we are getting taxed to death and people aren’t living long and can’t survive now never mind later retire take it at 60!
2025-08-01 16:29:55
5
User :
Take it as soon as you can, my brother passed away at 64 and didn’t get anything back except the death benefit which is 2500. But taxes you pay in that is 600.00 so in actuality you only get 1800. After paying into in for 45 or more years 😡💔
2025-08-02 02:37:22
5
TL :
take it at 60
if you wait ti 65 you won't catch up till your 76
2025-08-01 23:42:58
13
Dee :
Statically speaking, 62 is the age you should start taking cpp. There are a zillion graphs that show the break even point will be well into your seventies, when you consider the $12,000 your taking 3 years early😉
2025-08-01 10:20:35
8
Tim Senger :
All true. The only thing I'd add to that another factor is one's health. If one isn't that healthy, take it early so at least you collect something for 10 yrs vrs nothing if you don't make it to 70. Goes to surviving spouse
2025-08-01 05:13:08
5
Nem :
Nahh..just take it as soon as you can🤔
2025-08-02 03:28:26
6
StormTaker :
We are now paying into 2 CPP.
2025-08-01 11:42:53
6
Retirehappy :
Yeah. And if you wait. Your spouse doesn’t get anything if you die
2025-08-01 15:55:08
5
Go Jets go 🇨🇦 :
Yes but the average age is only around 75. So gonna pay into it for 50 years and only get it for 5??? No!!!
2025-08-01 13:51:40
9
Dave :
I don't think im going to live a long life and am going to fully retire at 60. I have a union pension already . knees and back are getting ready bad and if I try to work to 65 70 I will be in a wheelchair and won't enjoy the rest of my life. im not doing that. if.i have to work after 60 I will work 1 day a week or everywhere week to make ends meet. I can make 500 a day tax free so won't hurt my tax income.
2025-08-01 12:28:00
5
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