Gerry and Janet were shocked when they got a letter from Social Security that their monthly benefit would be reduced by over $500 because of their Canada Pension Plan. $500 a month less income made a very comfortable retirement a little more stressful. If you have lived and worked in the U.S. and Canada, you want to watch this video.
In this video, we discuss the following:
– CPP basics for U.S. residents
– The Windfall Elimination Provision (WEP) reduction
– Strategies for maximizing your CPP and Social Security
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