CPP Breakeven - Friday May 20

I recently ran the numbers comparing taking the CPP at age 60, 65 or age 70 from a present value perspective with 3% discount rate. If you took your CPP at age 60 versus age 65 the breakeven point is at age 72. This means that if you expect to live beyond age 72 you would be better off waiting till age 65 to take your CPP. If you took your CPP at age 65 versus age 70 the breakeven point is at about age 77. This assumes that you are eligible for your maximum. Whether you are making this decision at age 60 or age 65, the real question is what is the probability that you will live 12 years? You can call to order your CPP pension statement or go online to request it at HRDC government services website.