Frederick Vettese

I'm sorry, you should start that late as well at age 70.

And for all the reasons you said, because there's still a compelling financial argument for it.

But another reason for doing it later

is because it's going to be indexed to inflation for the rest of your life.

And what we're finding is that you want to have as much inflation protected income as you can get.

So if you have a much bigger, not much bigger, somewhat bigger old age security, that's inflation protected the rest of your life, you're better off than having a small amount.

and then having all your other assets being at risk of getting an investment loss at some point.

People, I think, are becoming a little bit complacent.

We've had about 15, 17 years, I guess now, of pretty damn good investment returns.

Obviously, there have been some poor years, but there hasn't been a long stretch.

We'll have really bad results.

So people are starting to think it's always going to be like this, but it's not going to be like this.

And at some point, they're going to say, you know what?

I wish I had more inflation-protected sources, and OES might then be better.

However, having said that, yeah, there is that chance that they would claw it back.

I hate to think that they're going to start calling it back from people who are already retired and already over 70.

I mean, these are voters and these are the people who will vote you out of office if you end up doing that.

You like to think that's not going to happen, but I can't rule out that possibility.

What I would rule out is the people who say, well, you know what, I don't want to start my CPP late because I want to get it now because it maybe won't be around when I retire.

That's nonsense.