Taking CPP at 60 Makes Sense — Here’s the Math Behind It. скачать в хорошем качестве

Taking CPP at 60 Makes Sense — Here’s the Math Behind It.

Here's my FREE Newsletter -https://cpa-money-mentor.kit.com/9d9f... Thinking about taking CPP at 60? Everyone tells you to wait until 70, but that advice isn't right for everyone. In this video, I'm making the case for why taking CPP early might actually be the smarter choice for YOUR situation. I'm Toyin, a CPA and financial planner here in Canada, and today I'm covering: ✓ The real numbers: CPP at 60 vs 65 vs 70 ✓ 4 legitimate reasons to take CPP early (health, finances, lifestyle, peace of mind) ✓ The counter-arguments (so you can make an informed decision) ✓ How to decide what's right for YOUR situation ⏱️ TIMESTAMPS: 0:25 - Why this decision matters 1:15 - The basic numbers explained 2:30 - Reasons to take CPP early 5:15 - The counter-argument (why some say wait) 7:00 - Decision framework: When to take early vs delay 8:30 - 5 questions to ask yourself 📊 KEY FACTS COVERED: CPP at 60 = 36% reduction ($917/month if max contribution) CPP at 70 = 42% increase ($2,034/month if max contribution) Average life expectancy: 87 years Estate break-even age with tax planning: Often around 71 (not 82!) 🔗 RESOURCES: Get your CPP Statement of Contributions: https://www.canada.ca/en/services/ben... 💬 COMMENT BELOW: Are you planning to take CPP at 60, 65, or 70? What's driving your decision? --- ⚠️ DISCLAIMER: This video is for educational purposes only and should not be considered personalized financial advice. Your CPP timing decision depends on your unique health, financial situation, and retirement goals. Consider speaking with a qualified financial planner about your specific circumstances. #CPP #CanadaPensionPlan #RetirementPlanning #CanadianRetirement #CPPat60 #CPAMONEYMENTOR