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In this episode of the Retirement IQ Podcast, retirement wealth coach John Stregger tackles some of the most common misconceptions about the Canada Pension Plan (CPP). Many Canadians wonder if the CPP will still exist when they retire or how much income they can really expect. John breaks down the facts to help you plan with confidence.
Learn how CPP benefits are calculated, when it might make sense to start or defer payments, and why the plan remains financially stable for decades to come. John also explores how CPP fits into the bigger retirement picture, alongside strategies to reduce taxes, optimize investment portfolios, and secure reliable income.
Whether you’re approaching retirement or just starting to plan, this episode will help you understand how to make CPP work for you.
Chapters
1. Episode #6: CPP and Your Retirement Income Strategy (00:00:00)
2. Introduction to Retirement IQ (00:00:09)
3. Misconceptions About Canada Pension Plan (CPP) (00:00:19)
4. Role of a Retirement Planner (00:00:51)
5. Importance of Understanding CPP (00:01:23)
6. Basics of Canada Pension Plan (00:01:55)
7. CPP Income Example (00:02:28)
8. CPP Retirement Benefits (00:03:10)
9. Myth 1: CPP Stability (00:04:02)
10. Myth 2: Significance of CPP Income (00:05:05)
11. Calculating CPP Income (00:05:25)
12. Checking Your CPP Projections (00:06:41)
13. Planning Your CPP Benefits (00:07:05)
14. Early and Late CPP Income Start (00:07:25)
15. Deferring CPP Income (00:08:07)
16. Inflation Adjustment and Long-term Benefits (00:09:11)
17. Tax Benefits of Deferring CPP (00:09:55)
18. Free Retirement Report (00:10:16)
19. Free Retirement Report (00:10:41)
20. Disclaimer and Professional Advice (00:11:04)
6 episodes