Retirement

It might seem counterintuitive to spend down your own retirement savings while at the same time deferring government benefits such as CPP and OAS past age 65. But that’s precisely the type of strategy that can increase your income, save on taxes, and protect against outliving your money. Why Take CPP at age 70? Here…

It’s generally not wise to voluntarily take up to a 36 percent reduction in income, especially if that income is paid for life. But that’s exactly what happens to retirees who elect to take CPP at age 60. I’m a big proponent of delaying CPP up to age 70 to help protect against longevity risk…