Q. My wife, Rina, and I are both 63 years old, and will retire at age 65. I know there are many advantages to delaying Canada Pension Plan (CPP) and Old Age Security (OAS) until 71, as you get higher monthly payments for life. But our parents all died in their late 70s. I also have some chronic health issues. Should I take OAS and CPP at 65, forgoing the larger payments at age 71? My wife plans to take her CPP and OAS at age 65, with her CPP being about half of a full CPP. Our assets include $350,000 in registered retirement savings plans (RRSPs) split equally at $150,000 each, as well as $100,000 each in our tax-free savings accounts (TFSAs). We have a paid off house worth $700,000 and need about $50,000 net a year to live comfortably. We have no company pensions. —Thanks, Francesco and Rina Read More