If You Only Watch One CPP Video, Make It This
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Most Canadians start CPP early and could be leaving hundreds of thousands of dollars on the table, and I don’t want that to be you. In this video, we’ll break down why the true CPP breakeven age is a lot earlier than you think, challenge the common reasons people start CPP early, like wanting to spend more in the early years of retirement or invest the payments themselves, and finally, look at how retiring early impacts your CPP and why delaying it to 70 can still make a lot of sense.
PWL CPP calculator: https://research-tools.pwlcapital.com...
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DISCLAIMER: This presentation is for informational purposes only and should not be considered financial, investment, tax, or estate planning advice. All investments carry risk, and past performance does not guarantee future results. Any forward-looking statements are based on assumptions and may not reflect actual outcomes.
The content on this channel is for educational purposes only and does not provide specific investment or planning recommendations. Viewers should consult a qualified professional for retirement, tax, or estate planning guidance. Parallel Wealth and Adam Bornn are not responsible for any decisions made based on this content.
TIMESTAMPS:
0:00 - Debunking the CPP breakeven point
11:08 - "Take CPP early and enjoy it"
22:06 - "Invest your CPP, you'll be better off"
33:28 - The zero contribution years timing myth