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Title:Taking CPP At 60 And Investing It Back Into Your RRSP...Is This Strategy Smart?
Duration:12:06
Viewed:42,234
Published:25-06-2021
Source:Youtube

Fee for service financial planning: www.parallelwealth.com/ffs We've gotten a lot of questions about whether it's a smart idea to take CPP early and invest your payment. I've been clear in many videos that if your situation allows it, it's best to take CPP as late as possible, and that remains true in this video. However, for some of you, it may actually be beneficial to take CPP early and invest your payments depending on your historical investment risk. If you have any further questions about this video's topic or any financial planning questions in general, I encourage you to find a certified financial planner in your area or book a consultation with us to get your savings plan on track.  You can learn more about our services at www.parallelwealth.com/planning OUTLINE: 0:00 - Introduction to Scenario 2:56 - CPP At 65 4:02 - CPP At 60 With Investment 6:11 - Equalizing the Scenarios 7:12 - Advice & Feedback ----------------------------------------- DISCLAIMER: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Adam Bornn is not registered to provide investment advice and as such does not provide recommendations - those looking for investment advice should seek out a registered professional. Adam is not responsible for investment actions taken by viewers and his content should not be used as a basis for investment trades. Take our Retirement Ready Assessment www.parallelwealth.com/retirementready My daily read to stay connected www.morningbrew.com/daily/r?kid=a0b3e8c4 Book recommendation: www.amazon.ca/Start-Why-Leaders-Inspire-Everyone/d…

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