Here’s my contribution to this thread. Assuming this is not specific continuation from the layoffs thread.
Don’t wait till 65 to collect CPP, start at 60 at reduced rate.
The 5 extra years of receiving CPP far outweighs the little higher amounts of money you’d otherwise get starting at 65.
If you are still working after 60, put the CPP money in RRSP to lower your taxes. Or get that Corvette you have always wanted.
Good idea? Bad? Hope our resident financial gurus can comment.
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