046 | Brutally Honest CPP Advice Every Canadian Needs To Hear

In episode 46 of Retirement Unpacked, Adam Bornn and Kyle Martins discuss how CPP adjusts for inflation, the risk of delaying to 70, how to manage and replenish your cashflow wedge as you walk through retirement, the trade-offs of selling your home to rent, where to save after maxing out your RRSP and TFSA, and much more.Later in the episode, Paul Grenier joins the show to discuss a unique client situation where a 65 year old used the Home Buyers’ Plan to withdraw from her RRSP and purchase a home. He explains why she was eligible, how the strategy fit into her retirement plan, and why you shouldn’t assume you don’t qualify for certain government programs.Chapters0:00 Intro0:24 CPP inflation adjustments explained3:11 How the CPP survivor benefit works5:52 The risk of delaying CPP to 708:27 Should my holding company be out of the market?11:47 How to manage your cashflow wedge during strong markets14:41 How to replenish your cashflow wedge17:03 Can bonds be used as your cashflow wedge?20:59 Spousal RRSP strategy before retiring24:15 The trade-offs of selling your home to rent29:01 Where to save after maxing out your RRSP and TFSA32:10 Using the Home Buyers' Plan at age 65 (case study)38:50 The tax benefits of donating investments in-kind