Average vs Maximum CPP and OAS: What's Your Real Retirement Income?
In this video, we break down the maximum CPP and OAS benefits you can expect in 2024, and more importantly, how to calculate and maximize your payouts for a more comfortable retirement. With the average monthly retirement income often falling short of what you need, knowing how to optimize your benefits is crucial.
I’m Joe Macek, Cross Border Investment Advisor and Portfolio Manager with iA Private Wealth, and today, we’ll explore how much you can truly expect from Canada Pension Plan (CPP) and Old Age Security (OAS) benefits, whether you're single or a couple. I’ll also guide you on how to use my CPP and OAS calculator to estimate your retirement benefits, adjust for inflation, and even consider deferring your benefits to boost your monthly payouts by up to 42%.
Whether you’re planning to retire soon or decades from now, this video will give you practical tips to ensure you make the most out of your retirement income. Don’t forget to visit joemacek.com for additional tools and calculators to help with your retirement planning.
Watch now to learn:
The maximum CPP and OAS benefits for 2024.
How to calculate your CPP and OAS benefits.
Strategies to increase your retirement income by delaying your CPP and OAS.
The realistic differences between average and maximum payouts.
Start planning your retirement the right way today!
If you would like a personal one-on-one consultation, please contact me here:
https://joemacek.com/contact-us/
Links to Website Calculators
https://joemacek.com/resources/
https://financialcalculators.net/iapr...
Studies Showing Advisor Value!
https://advisors.vanguard.com/content...
https://www.pm-research.com/content/i...
Link of Sources:
https://www.movingwaldo.com/where-to-...
https://joemacek.com/resources/
https://www.theglobeandmail.com/inves...
https://www.bankofcanada.ca/rates/rel...
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