When is the best time to begin taking CPP?

When should you start taking CPP? For many Canadians, this may be one of the most important retirement wealth decisions they ever make. Delaying CPP from age 60 to 70 can dramatically increase your monthly benefit—and for some retirees, the lifetime difference can reach six figures. But is waiting always the right choice? In this episode, we break down the CPP breakeven age, longevity risk, taxes, investment returns, survivor benefits, OAS, and the unique considerations that can affect your decision. You’ll discover: How delaying CPP can permanently increase your retirement income. How to think about the CPP breakeven age and your personal life expectancy. How CPP timing can interact with OAS, taxes, investments, and your spouse’s retirement strategy. The math may make delaying CPP attractive, but your health, financial situation, risk tolerance, and family circumstances all matter. Watch to understand the wealth decision behind when you should take CPP. Worried about the current investment climate and your money? Click the link below and book a call for personalized advice to help you feel secure and protected about your retirement: https://makebetterwealthdecisions.s.gy/YT