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Life & Money

#MoneyMythMondays — CPP

November 17, 2014

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#MoneyMythMondays — CPP

Life & Money

This week’s Money Myth:
“I should take CPP early.”

Based on recent life expectancy data from StatsCan and changes in the CPP withdraw rules, we estimate that the average person will maximize their total CPP payout by starting closer to age 65.

Here’s a WealthBar Pro Tip: Based on your personal health you may even want to wait as long as possible to maximize your total CPP payout. Read more on why we think it’s worth waiting to withdraw from CPP.

Have a suggestion or want to add to the discussion? Tweet us with the hashtag #MoneyMythMondays! 

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