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Posthaste: Canadians are missing out on a CPP opportunity— and it's costing them thousands, says report [Financial Post (Toronto, Ontario, Canada)]

NVIDIA Corporation (NVDA)  More Company Research Source: Financial Post
Last nvidia corporation earnings: 2/13 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
Most Canadians, in fact nine out of 10, say the Canada Pension Plan is an important source of their retirement income and six out of 10 say it's essential and they can't do without it. Article content Yet according to a new report from the National Institute on Aging , the vast majority are not making the most of the government retirement plan. Canadians can start claiming at age 60, but the earlier you start, the lower your payments. You can defer your pension until age 70 and the longer you wait the higher the payments climb. Article content According to the report, waiting until 70 would more than double your monthly pension than if you start collecting CPP at age 60. A Canadian with median CPP income and average life expectancy is losing out on more than $100,000 worth of income, in current dollars, by taking CPP at age 60 rather than 70, said Bonnie-Jeanne MacDonald, the NIA's director of financial security research and head author of the report. Yet nine out of 10 [Read more]
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Stockreport

Posthaste: Canadians are missing out on a CPP opportunity— and it's costing them thousands, says report [Financial Post (Toronto, Ontario, Canada)]

NVIDIA Corporation  (NVDA) 
More Company Research Source: Financial Post
Last nvidia corporation earnings: 2/13 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
Most Canadians, in fact nine out of 10, say the Canada Pension Plan is an important source of their retirement income and six out of 10 say it's essential and they can't do without it. Article content Yet according to a new report from the National Institute on Aging , the vast majority are not making the most of the government retirement plan. Canadians can start claiming at age 60, but the earlier you start, the lower your payments. You can defer your pension until age 70 and the longer you wait the higher the payments climb. Article content According to the report, waiting until 70 would more than double your monthly pension than if you start collecting CPP at age 60. A Canadian with median CPP income and average life expectancy is losing out on more than $100,000 worth of income, in current dollars, by taking CPP at age 60 rather than 70, said Bonnie-Jeanne MacDonald, the NIA's director of financial security research and head author of the report. Yet nine out of 10 [Read more]
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