Most of the time I do not recommend taking Canada Pension Plan early. But there are some cases where it makes sense. And sometimes a lot of cents. So if you’re wondering when to take CPP, you’re in the right place.

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Links:
CPP, OAS & GIS Deepdive:    • KEY Details About Canada's Government...  
Doug Runchey CPP Calculations: https://www.drpensions.ca/
Sunlife CPP Study: chromeextension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.sunlifeglobalinvestments....


Intro (0:00)
Consequences of Taking CPP Early (0:35)
#1. Need the Money (2:02)
#2. Shortened Life Expectancy (2:32)
#3. GIS Eligibility (3:12)
#4. Invest the CPP Benefit (4:13)
#5. Avoid OAS Clawback (5:28)
#6. Market Turmoil (6:15)
#7. 8+ Years of Past Low Income (7:57)
#8. Do Not Trust the Government (9:12)
Planning It Out First (10:26)


DISCLAIMER: All videos on this channel (including this one) are for educational or entertainment purposes only. They are not (and are not intended to be) financial, investment or legal advice. It is our firm position that everyone has a unique situation and should seek professional advice on how best to navigate it. Rhys Martell is a Chartered Investment Manager (CIM), a Fellow of the Canadian Securities Industry (FCSI), a Qualified Associate Financial Planner (QAFP) and more. However, he is not registered to provide investment advice and, therefore, does not provide specific investment recommendations. Those looking for specific investment advice should seek out a registered professional.