Should You Delay OAS With The New 10% Increase In 2022?

It was announced in July of 2022 that there would be a 10% increase in OAS payments when you turn 75, so does this affect when you should start taking the benefit? In this video we'll go through a few scenarios to determine what is the optimal time to start your OAS/CPP benefit from a financial and psychological perspective.

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TIMESTAMPS
0:00 - OAS 10% Increase
1:42 - Scenario 1: CPP & OAS at 65
3:15 - Scenario 2: CPP at 70, OAS at 65
4:50 - Scenario 3: CPP & OAS at 70
6:06 - Psychological Factors

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DISCLAIMER: This presentation is for informational purposes only and should not be considered financial, investment, tax, or estate planning advice. All investments carry risk, and past performance does not guarantee future results. Any forward-looking statements are based on assumptions and may not reflect actual outcomes.

The content on this channel is for educational purposes only and does not provide specific investment or planning recommendations. Viewers should consult a qualified professional for retirement, tax, or estate planning guidance. Parallel Wealth and Adam Bornn are not responsible for any decisions made based on this content.

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