What happens to your CPP if you retire at 55?

Описание: It's one of the most common CPP myths: if you retire early at 55, you must take CPP at 60 to avoid hurting your pension with zero-contribution years. We're here to tell you that's usually wrong. Using a real-world case study, we show how the penalty for taking CPP early almost always outweighs the impact of those zero-income years, and why delaying still leads to a bigger cheque.

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Chapters:

00:00 The Age 55 Retirement Question
00:11 The Myth: Do Zero-Contribution Years Hurt Your CPP?
00:51 CPP Basics: A Quick Refresher
01:44 Case Study: Meet "Jack" the Early Retiree
02:33 Scenario 1: Taking CPP at Age 60
03:41 Scenario 2: Taking CPP at Age 65
04:35 The Full Comparison: 60 vs 65 vs 70
05:35 Considerations & Takeaways

#Retirement #FinancialPlanning #CPP

WHO ARE WE?
Clinton and Kevin are with Becker Orr Wealth Management and are both Portfolio Managers with Canaccord Genuity Wealth Management. Combined they have over 40 years of experience.

DISCLAIMER
All views expressed in this (video or presentation) are provided for informational purposes only and does not constitute an offer or solicitation to buy or sell any securities. The statements expressed herein are not intended to provide tax, legal or financial advice, and under no circumstances should be construed as a solicitation to act as a securities broker or dealer in any jurisdiction. All views are intended for general circulation only and do not have any regard to the specific investment objectives, financial situation or general needs of any particular person, organization or institution. Please do not hesitate to contact us should you want to know more about the information contained in this (video or presentation) or have any related questions.

Canaccord Genuity Wealth Management is a division Of Canaccord Genuity Corp., Member-Canadian Investor Protection Fund (CIPF) and The Canadian Investment Regulatory Organization (CIRO)