"Unretired" & Inspired - A Retirement Planning Podcast 49: The guide to your $500k CPP decision
Your decision of when to begin receiving CPP could be worth $545,550! In this episode we are getting the rundown on CPP from Riley Many people make this decision on a whim. They may not think it matters, or they may just do what their friends or parents did. However if you want to maximize your income in retirement, there is a better way to go about it. Many people make the decision of when to begin taking their CPP on a whim. They may not think it matters, or they may just do what their friends or parents did. However if you want to maximize your income in retirement, there is a better way to go about making this decision.This is what we dive into today. Learn more about:
- How to calculate the most optimal time for you to begin receiving your CPP
- Common cases when it makes sense to take CPP early and the financial benefits of delaying your CPP
- A simple question framework for you and your planner to use to assist you in making the best decision
Memorable Quotes:
- The majority of people choose to start CPP as early as possible. In fact, over 9 out of 10 people choose to start CPP at or before the age of 65. As an accountant, financial planner, someone that wants to help people maximize their money - this breaks my heart!
Resources:
Hosted by Caleb Miller and Riley Anderson of InvestorDNA Meet Caleb and Riley Book a Call Subscribe on Apple Podcasts Subscribe on Spotify Subscribe on Google Podcasts