Canada Pension Plan (CPP) Breakeven Calculation: CPP at 60 vs 65 vs 70?

Start your retirement plan! https://app.adviice.com/start-discovery?utm_source=youtube&utm_medium=video&utm_campaign=canada-pension-plan-cpp Don't have a detailed retirement plan yet? Build your retirement plan using our AI Strategies for just $9/month. This includes a comprehensive 30-day email/video course with detailed instructions. --- In this video we explore the CPP breakeven calculation. We're going to use financial planning software as a CPP breakeven calculator to find the breakeven point when starting CPP at 60 vs 65 vs 70. Starting CPP at age 60 vs 65 vs 70 is greatly impacted by certain assumptions within your retirement plan. A simple CPP breakeven analysis does not include those specific assumptions. In this video we'll first explain why a simple CPP breakeven analysis is wrong. We'll also explore some common CPP breakeven myths and the important factors that can affect CPP breakeven calculations. Then at the end of the video we explore three detailed CPP breakeven points. We use financial planning software as a CPP breakeven calculator so show how higher investment returns can lead to a higher CPP breakeven age. --- Disclaimer: This video is for educational purposes only and does not constitute investment advice or financial advice. All information provided is for illustrative purposes only and you should not rely on such information as the primary basis of your investment, financial, or tax planning decisions. Every effort has been made to ensure the accuracy of its contents. No representations, warranties or guarantees are made as to the accuracy of any estimates or calculations provided. Nothing in this material should be construed as investment or tax advice, or a solicitation or offer, or recommendation, to buy or sell any financial product or securities. Before making any financial decision, you should review your situation with a financial planner.