Home Economy Ain’t no party like an OAS party: Retirement guru Jonathan Chevreau on...

Ain’t no party like an OAS party: Retirement guru Jonathan Chevreau on turning 65

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Age 65 is really just a number.Illustration by Chloe Cushman/National Post files

I’ve been writing about retirement and personal finance off and on since I was 40, when I joined the staff of the Financial Post. All that time, there has been one magic number, looming in the distance, the one traditionally associated with the beginning of retirement: Age 65.

Early in April, I became one of the 1,100 Canadian baby boomers who hit that milestone each day.

So how does it feel?

Well, for starters, I’m already planning to throw a party when my first Old Age Security cheque arrives, sometime in May.

I opted for OAS as soon as I was eligible, with tax deducted at source, because I worry that after 71, forced RRIF withdrawals will result in much of my OAS being clawed back. (While CPP is available as early as 60, I will defer it closer to 70, or until I really need the money to live on.)

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