tag:blogger.com,1999:blog-5433839636644874439.post8233297245875299171..comments2024-03-04T13:37:11.022+00:00Comments on Canadian Financial DIY: More reasons to buy an annuityCanadianInvestorhttp://www.blogger.com/profile/05645767559302303541noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5433839636644874439.post-81792108438723445142015-04-07T19:03:46.723+00:002015-04-07T19:03:46.723+00:00Why do you bother with the off-topic editorializin...Why do you bother with the off-topic editorializing? <br /><br />"TFSAs, which are viewed in some politically-correct quarters.." etc add nothing to your real point, and dissolve your creditability with anyone who doesn't 100% agree with your point of view.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5433839636644874439.post-28589838027213534192015-03-20T10:52:29.077+00:002015-03-20T10:52:29.077+00:00Garth,
Perceptive question. Yes, normally deferrin...Garth,<br />Perceptive question. Yes, normally deferring CPP to 71 is the best way to maximize indexed annuity income. In my case, I have been receiving a CPP survivor pension since my wife died some years ago. CPP is only ever a maximum of $1065/mth, whatever my own and the survivor portion might sum to, so I am now receiving the maximum standard CPP (65 yrs) despite being several years away from 65. It's the sum of the survivor portion and my own reduced (taken early) CPP. It made no sense to defer taking my own CPP.CanadianInvestorhttps://www.blogger.com/profile/05645767559302303541noreply@blogger.comtag:blogger.com,1999:blog-5433839636644874439.post-85665126330321875122015-03-20T01:12:46.074+00:002015-03-20T01:12:46.074+00:00Curious as to why you chose to take CPP early if y...Curious as to why you chose to take CPP early if you were at the same time considering an annuity purchase in the future. Seems to me that deferring CPP and OAS to the max is the cheapest way to "purchase" an indexed and government guaranteed (implicit) annuity. Does require that one spends down his savings during the deferral period, but this can be an opportunity to redeem RRSP's while paying little in the way of taxes...Garthhttps://www.blogger.com/profile/14367654772040176371noreply@blogger.com