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.