It was announced in July of 2022 that there would be a 10% increase in OAS payments when you turn 75, so does this affect when you should start taking the benefit? In this video we'll go through a few scenarios to determine what is the optimal time to start your OAS/CPP benefit from a financial and psychological perspective.
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OUTLINE
0:00 - OAS 10% Increase
1:42 - Scenario 1: CPP & OAS at 65
3:15 - Scenario 2: CPP at 70, OAS at 65
4:50 - Scenario 3: CPP & OAS at 70
6:06 - Psychological Factors
This presentation is intended for information purposes only and does not constitute an offer to buy or sell our products or services nor is it intended as investment and/or financial advice on any subject matter. Every effort has been made to ensure the accuracy of its contents. Certain of the statements made may contain forward-looking statements, which involve known and unknown risk, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Returns are not guaranteed and past performance may not be repeated.
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DISCLAIMER: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Adam Bornn is not registered to provide investment advice and as such does not provide recommendations - those looking for investment advice should seek out a registered professional. Adam is not responsible for investment actions taken by viewers and his content should not be used as a basis for investment trades.
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