CPP is More Valuable than Most People Realize

People like to complain about CPP, but it is one of the most valuable retirement assets available to Canadians.

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[SPECTREFTW]

From a behavioral standpoint, it's easier to tolerate a 100% equities portfolio like XEQT when you have CPP and OAS to compliment your retirement portfolio.

[meltedsnowman]

Ben Felix with the back-to-back. No wonder he was a baller.

[Fhfjdodebrmsowe]

At a time where most social insurnace porgrams are running out of money CPP is consistently growing assets at a faster rate than their drawdown, they are fully funded for at least thr next 75 years

[tannermcnabb]

Such a good video, holy moly. Can't believe how hyper partisan the world is, that even the friggin' CPP is being attacked like it's some MLM scam.

This video is practically a public service announcement

[BiesTV]

This video does a great deal of public service - it helps countering Brandolini's law. There is so much disinformation on CPP.

[papacharlie-niner]

I'm a US bro, so this is all news to me. Let me get this straight: It's like an annuity, so lifetime income with survivor benefits. It's inflation indexed, so unlike any annuity I could buy in the US. It's payroll contribution funded with employer matching, like a US 401k, but with a single "investment option" with a good track record. And it's mandated, so everyone (excluding Quebec on QPP) gets the benefit and there's less of an age demographic funding problem like SS has. And all this is ON TOP OF OAS?? I think this is the first time I've ever been envious of Canadian investors.

[petert]

Thank goodness for the CPP. Think of how screwed so many retirees would be if required to live on what they saved/invested voluntarily. Having so many seniors in such deep poverty would be bad for everyone.

[TenOfZero]

We're getting a lot of good content, thank-you !

[IsaiahMutex]

I was a CPP hater for the longest time but after this video i have changed my ways..

[garthsproule]

There is another benefit to deferring CPP that is poorly understood, underappreciated, and seldom gets mentioned. Knowing that you have a larger CPP starting sometime in the future allows the retiree to "safely spend more" now. This is because the "nest egg" required to fund future spending no longer needs to be nearly as large. Would love for you to do a deep dive on this aspect in future videos. Thanks Ben for all your hard work.

[benlamprecht]

Excellent advice. Maximizing CPP should be ONE of the pillars of your investments

[frustratedalien]

I was shocked by how the Alberta government characterized CPP as a money grab when I moved here lol. Having spent more than a decade in the US, the CPP is a welcome change for me. The number of people I worked with who had zero contributions in their 401k when they were well into their 40s always scared me

[markbarbieri]

Great information as always. For people in the US, most of this applies just as well to Social Security. And I'm a strong proponent of waiting to collect. Yes, you'll lose money if you die young, but you are less likely to need it in that circumstance. What you want is extra protection in case you outlive your savings.

[mmbarbon]

CPP was not well planned originally (to the benefit of current retirees). But going forward it is. Current investment performance is also helping build the cushion reqd for future pensions.

[ZorakWars]

Hey Ben, great video. I've watched all of your videos and love the insights you provide. I know you're Canadian-focused with your content, but I'm a US investor and would find it fascinating to see a comparison of the CPP with US social security. When I run numbers against our pension program, they do not come out quite as favorably as the Canadian investor's CPP does, but I'd love to see a video on your analysis of it.

[jaredong]

I like this video because I already got from the other Ben Felix videos that we just need to invest in a globally diversified low-cost portfolio. But because there's so much more than just picking the right stock and bond allocations, videos like this I find very educational

[stoepsi]

Thank you. This was an eye opener, even for someone living in Germany.

[GreenPhoton]

As an American, I'm so jelly of Canadian retirement stuff. Be it the CPP here vs American Social Security, or Canadian's equivalent of Trad and Roth IRA accounts rolling over unused contributions to the next every year.

You guys got it good

[Esg]

Love these shorter videos that give great info!

[Icecold]

I’d rather put that money in to a special untouchable account for 40 years personally. But since we can’t. Here we are.