Should You Delay CPP to Increase GIS?!?
K4 Financial K4 Financial
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 Published On Feb 23, 2024

Hey there from K4! Kent has a bit of a scenario here: the video explores the planning in a scenario where someone is relying solely on Canadian pension plans (CPP, OAS, and GIS) for retirement income. We delve into the strategy of delaying CPP to maximize GIS benefits between ages 65 and 70, using average Canadian retirement benefits as a basis for the scenario. We've done up a bunch of shiny excel sheets highlighting the importance of strategic financial decisions in enhancing long-term income.

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00:00 Intro
00:43 Delaying CPP for Increased GIS Benefits
01:15 Assumptions
02:55 Comparing OAS, CPP, and GIS Strategies
04:39 The Impact on Taxes and Benefits
07:10 Strategy Comparison and Long-Term Benefits
10:21 Planning for Retirement with Minimal Assets
11:09 How K4 Financial Can Help
11:59 Let's Stack the Chairs
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The content on this channel is provided solely for informative and educational purposes and does not represent investment advice.
The hosts are not liable for the viewers' financial decisions, and their content shouldn't be used as a foundation for investing transactions.

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