020 | CPP Survivor Benefit Explained

In episode 20 of Retirement Unpacked, Brett and Jon dive into CPP survivor benefits and whether delaying CPP can impact your survivor payout, the tax implications of moving investments from a non-registered account to your TFSA or RRSP, whether it makes sense to keep your emergency fund in a chequing account, and much more. 

Later on in the episode, one of our planners, Gord Manzer, joins to discuss car accident benefits in retirement and how upcoming changes in Ontario, including many of the mandatory benefits becoming optional on July 1, could affect retirees. 

Chapters

00:00 Intro 

00:43 Balance a large non-registered and RRSP 

4:50 Understanding CPP survivor benefit 

12:32 Laddered GICs for cash wedge 

15:43 Moving investments from non-registered to TFSA and RRSP 

18:44 PWL CPP estimate vs. Service Canada 

23:43 Why do we always delay CPP to 70? 

27:39 Should your emergency fund sit in a chequing account? 

36:30 Selling rental properties with RRSP meltdown in mind 

40:35 Why delay CPP and OAS when you'll get clawback? 

44:03 Car accident benefits in retirement 

50:27 Jon's favourite song right now 

51:30 Article review: Kevin O'Leary's formula to becoming a millionaire