My Canada Public Pension subtracts 0.5% for every month from my maximum I retire early before age 65 to a floor of about $607CAD, not really much anyway in one of the most expensive and highest taxed cities to live in. My Defined Benefit pension is similar in the early retirement penalty but it's more well managed and would have better perks, and my own retirement savings plan will have to fill the gap plus savings. I have a rental giving me a decent passive income. My home is now mortgage free. The big question is inflation. I may have to peruse a career in Pizza delivery.
!PIZZA
My Canada Public Pension subtracts 0.5% for every month from my maximum I retire early before age 65 to a floor of about $607CAD, not really much anyway in one of the most expensive and highest taxed cities to live in. My Defined Benefit pension is similar in the early retirement penalty but it's more well managed and would have better perks, and my own retirement savings plan will have to fill the gap plus savings. I have a rental giving me a decent passive income. My home is now mortgage free. The big question is inflation. I may have to peruse a career in Pizza delivery.
!PIZZA