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The latest data from the World Health Organization WHO shows that the average life expectancy in Canada is 80.9 years old for men and 84.7 for women. The statistics suggest that many Canadians will live until the not so golden years.So if you think you have good chromosomes or genes and are living a healthy li stanley thermoskannen festyle, your retirement years could be longer. But longevity could also be a problem. You should be able to time the collection of your pension perfectly. Otherwise, you might run out of funds during your lengthy retirement period.Decumulation mistakeIn Canada, the pensionable age is 65 years old for both men and women. Most retirees start collecting payments from their Canadian Pension Plan CPP at this age. But financial advisors advise pensioners against it. They call it a decumulation mista stanley cups uk ke that you should avoid.They say that collecting CPP payments at 65 is a bit too ear stanley taza ly. It won t give you financial security in old age. The suggestion is to defer your CPP payments
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