Canada Pension PLan at 65 or 70?
Callum Sutherland - Apr 13, 2023
While many think of CPP as an income stream, I believe envisioning it as an investment account holding a 25-year high-interest rate GIC can lead to better decisions in terms of when retirees should elect to start receiving the pension.
Here is an article discussing one way to look at the Canada Pension Plan. I like the way Jason explains his perspective. I do find many people underestimate their longevity when making this decision Psychology is also mentioned as a factor and it is. Many people in today's world are not good at delayed gratification even when it benefits them most. Read here