4 Advantages to take CPP at age 60 | Canada Pension Plan Explained

The Canada Pension Plan CPP was created to provide income assistance during retirement. If you qualify, income can start as early as age 60 with a 36% reduction of income, and can be delayed until age 70 with an increase of 42% in income.

In this video, we examine 4 Advantages to take CPP at age 60. Everyone's individual situation must be considered before adopting any of the advantages of taking CPP at age 60.

Video Timestamps:
00:00 Introduction
02:26 CPP Overview
04:41 CPP Breakeven Point
05:25 Advantage #1 to take CPP at age 60
05:47 Reason why to take CPP at age 60 You Need the Money
06:09 Reasons why people retire early
08:37 Show Me the Money!
09:12 Longevity
10:41 Avoiding OAS Clawback
12:20 Seeing the Outcome before you commit to them
12:31 Financial Dashboard

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