Maximizing Retirement & Credit Health: Finance Friday | Dec 1, 2023 | FirstOntario Credit Union

Title: Maximizing Retirement & Credit Health: Finance Friday Insights | Dec 1, 2023 | FirstOntario Credit Union
Welcome to the December 1 episode of Finance Friday, brought to you by FirstOntario Credit Union! Join us on CHCH Morning Live as we dive into essential financial literacy topics, empowering you with the knowledge to succeed in your financial journey. #FinanceFriday #FirstOntario #FinancialLiteracy
In this episode, Dave answers your pressing financial questions, giving you the insights you need to make informed decisions.
🕒 Timestamps:
00:00 - Introduction
00:30 - Understanding CPP and GIS eligibility at age 60
02:30 - Can canceling a zero-balance credit card affect your credit score?
03:51 - CHCH Toy Drive
🔍 Topics Covered:
- Navigating CPP (Canada Pension Plan) and GIS (Guaranteed Income Supplement) for optimal retirement planning.
- The impact of cancelling a credit card with zero balance on your credit score.
💡 Dave's Financial Tips:
1. Consider the long-term benefits before taking CPP at 60.
2. Understand how your credit utilization ratio affects your credit score.
📩 Got questions? Please email us at [e-mail] and get a chance to have your query featured and answered on air!
👉 Don’t forget to subscribe for more insightful episodes of Finance Friday. Like and share this video to help spread financial literacy!
At FirstOntario Credit Union, we are committed to financial literacy. We know that strong financial literacy is key when making confident, informed decisions about money, including when you should spend it, why you should save it and how to make it grow. Dave Schurman, visits CHCH Morning Live every other week for a live Finance Friday segment. He discusses different ways to make the most of your money and addresses viewer questions. If you would like to submit your questions to Dave, send them by email at [e-mail].
#FinanceFriday
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