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:

Canada.ca CPP Retirement pension Overview

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

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