Learn when is the best time to start taking your CPP payments with guest speaker Scott Edgington.
Taking CPP early or deferring until age 70 is a common question with pre-retirees. It’s important to speak with your financial advisor and work through a financial plan.
Knowing in advance your income needs and the projected income of your investments is key to understanding when to begin receiving your CPP benefits.
“Do I have enough money to retire?“
There are variations of this question:
“Will I have enough money to retire?” or “Can I retire on time?”
They all lead to one glaring issue:
You’re not confident about your advisors’ process.
A Second Opinion Portfolio Review will provide you with a clear unbiased direction.
Free, No Obligation
Before you consider meeting with me here are a few things to consider:
There are very few employers that provide Defined Benefit Pension Plans. This means your retirement income will have to come from your own personal investments.
The dark blue on the chart below represents Pension Income. If you don’t have a Defined Benefit Pension Plan through your employer, what is your plan to replace $30,000 of annual pension income?
We are conditioned to believe retirement starts at 65.
Statically speaking it doesn’t. More than 1/2 of the people who state they will retire at a certain age don’t.
The table below illustrates why.
Your financial plan should address these facts.
