FP Answers: Does it ever make sense to take CPP at age 65?

FP Answers: Does it ever make sense to take CPP at age 65?

If you don’t have any money saved for retirement or very little saved, then it probably makes sense to take CPP early. Article content

By Julie Cazzin with Allan Norman Article content

Q : I’m 62 years old and planned to take my Canada Pension Plan (CPP) at age 65. With all the talk about the benefits of delaying until 70, I wonder if taking it at age 65 is still a good decision? — Mehmet FP Answers. Mehmet, the three main reasons to delay your CPP benefits to age 70 are to protect yourself against rising inflation, […]

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.