Hey ChatGPT, When Should I Take CPP?

Stacks of coins, growing from small to large, with plants growing out of each of them.

I’ve seen all sorts of test cases for ChatGPT, with some responses being good and some bad. Just for the heck of it, I thought I would ask it for some serious financial advice:

With $xx in an RRSP and a current pension of $yy per month, when is the best time to take CPP? I am zz years old.

The answer was amazingly insightful, and pretty much matched up with my own thoughts.

Screenshot of ChatGPT output.
Click image to enlarge

If you’re in a similar situation, why not give ChatGPT a shot and see what it recommends. Remember though that it’s free advice, and shouldn’t be acted upon without a good knowledge of your financial situation and perhaps corroborating advice from your personal banker.

Your thoughts? Would you trust this advice?

What is ChatGPT?

ChatGPT is an artificial-intelligence chatbot developed by OpenAI and launched in November 2022. It is built on top of OpenAI’s GPT-3 family of large language models and has been fine-tuned using both supervised and reinforcement learning techniques.

ChatGPT is available at https://chat.openai.com.

Justin Trudeau is Wrong About Google’s Response to Bill C-18

Canadian Prime Minister Justin Trudeau criticized Google for removing links to Canadian news articles in search results as part of a test for a small percentage of users, stating that it is a “terrible mistake”. However, his comments mislead on several critical issues with Bill C-18, a bill that mandates payments for links to news articles.

It cannot reasonably be said that Google is preventing Canadians from accessing news, since the removal of links from search results does not remove or block the site itself nor prevent anyone from accessing it directly. Furthermore, the bill would require payments to hundreds of broadcasters without any actual journalism or original news content.

Bill C-18 is not about payment for the reproduction of journalists’ work, but payment for links, indexing, and any other mechanism that facilitates access to news. The bill threatens the free flow of information online, and if it passes in its current form, it could create a framework that would threaten the foundational principles for how information flows online.

Google is rightly taking a stand against the bill’s threat to the free flow of information online by considering not linking to Canadian news articles.

(This article has been summarized using ChatGPT from Michael Geist’s excellent article found here. Posted date: 2023-02-25)