You’ve got 5 years until retirement at age 65, but you have the opportunity to begin taking CPP payments now at age 60. You don’t need the money to live on, but you are wondering if you should take the money from CPP and invest it with the hopes that you can do better in the long run.

In this video I am going to walk through this decision for our sample retiree couple – Johnny and Janey. We will look at the impact that taking CPP early and investing the money has on their retirement plan. And we’ll close the video with discussing some reasons why you may consider taking CPP as early as age 60.