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In this video, Angelo Mancias discusses why individuals should not defer their Canada Pension Plan (CPP) benefits. He argues that taking CPP at retirement, particularly at age 60, is financially advantageous, as deferring until age 65 could lead to a loss of tens of thousands of dollars. Mancias challenges the notion that delaying CPP until 65 is beneficial, stating that the break-even point for doing so is around age 74. He illustrates this by explaining that if CPP provides $1,000 a month from 65 to 74, delaying benefits results in a total loss of $108,000, while taking it early, despite a reduction, allows access to government funds sooner.