The Outdated CPP Death Benefit Is Hurting Canadians – Here’s A Solution

Описание: ➡️ Learn more about our services at https://www.parallelwealth.com/planning

The CPP death benefit is currently a flat $2,500 (with some contributors eligible for an additional $2,500 top-up), and this amount hasn’t changed since 1998. In this video, we’ll discuss the challenges of having such a small death benefit and then go over a potential solution that could help Canadians make a better decision around when to start CPP.

➡️ Advisor.ca article: https://www.advisor.ca/economy/policy...
➡️ Additional CPP death benefit information: https://www.canada.ca/en/services/ben...

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TIMESTAMPS
0:00 - Intro
0:35 - CPP decision making
1:47 - Bias to take CPP early
3:44 - Money-back guarantee
5:04 - Fear of running out of money
5:51 - Financial vs psychological decision making
6:27 - What would be the cost?

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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.