Friday, April 27, 2018

Short Takes: Delaying CPP, Credit Card Mix-up, and more

I wrote only one post in the past two weeks, but I think it’s important:

Bitcoin

Here are some short takes and some weekend reading:

Fred Vettese explains why delaying taking CPP until age 70 is the right choice for most people. I’m able to spend more in early retirement today because of my plan to delay taking CPP and OAS until I’m 70. But I’ve had little success explaining this to others.

Big Cajun Man found a way to get his daughter to pay off his credit card. He tells the story a little differently.

Preet Banerjee interviews Melissa Agnes about company crisis management.

Robb Engen at Boomer and Echo explains his mortgage renewal strategy.

5 comments:

  1. I am glad someone understood the nuances of that story!

    ReplyDelete
  2. Good link from Fred Vettese. Only problem is that he mentions Figures 1 and 2 in his article, but I can't access them using the link provided. Without Figure 2, the article is loses much of its impact.

    ReplyDelete
    Replies
    1. @Anonymous: I just checked the Vettese article, and both figures were there. Perhaps something was wrong temporarily and it's been fixed?

      Delete
  3. Vatesse’s analysis is incomplete. Firstly, he ignores growth in value of pension money received and reinvested if taken early. Secondly, he automatically assumes that whatever the current rules are right now will remain unchanged in perpetuity. That’s a bad assumption.

    ReplyDelete
    Replies
    1. @BHCh: Because CPP is indexed, he has ignored real growth (not nominal growth). However, if you take into account a reasonable level of real growth, you'll end up with the same conclusion: most people who have enough assets to pay their way until age 70 should take CPP at age 70. If you're worried about CPP cuts, I'd gladly buy your future CPP payments for a lump sum if it can be done legally.

      Delete