Here, we have the option of taking an early pension at 60, at a reduced payment of course. Those born after 1959 have to wait til they are 67 to draw the full pension, unless the government repeals that fairly recent law. We can also wait to draw a pension up to 72 years of age, with a corresponding increase each year. One has to do the math and figure out what your earning potential is from now on, how long you calculate you are going to live and how any capital assets and their disposal will affect your income, and thus your taxes, and ultimately any government claw back of your pension if your income is high enough. Figure that one out......Ben
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Today's Featured Article - History of the Cockshutt Tractor - by Danny Bowes (Dsl). The son of a very successful Toronto and Brantford, Ontario merchant, and himself quite an entreprenuer, James G. Cockshutt opened a business called the Brantford Plow Works in 1877. In 1882, the business was incorporated to become the Cockshutt Plow Company. Along with quality built equipment, expedious demand and expansion made Cockshutt Plow Works the leader in the tillage tools sector of the farm equipment industry by the 1920's.
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