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On a recent video, we received a comment that discussed a strategy of taking CPP early and delaying RRSP withdrawals until later. In this video, we'll go through the numbers behind this strategy, and you'll realize that it could cost you around $156,000 of income!

If you have any further questions about this video's topic or any financial planning questions in general, I encourage you to find a certified financial planner in your area or book a consultation with us to get your savings plan on track.  You can learn more about our services at https://www.parallelwealth.com/planning

OUTLINE:
0:00 - Proposed Strategy
1:31 - Background Information
2:18 - CPP At 60
5:13 - CPP At 70
7:24 - Summary

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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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