Your client is $59$ years old and has come to you for some retirement planning. They have worked pretty much full time since they were $18$ years old, with the exception of a couple years they didn$$t work around when their children were born. They provided you with the following data as a screen shot from their My Service Canada account regarding their potential future Canada Pension Plan benefits.

$-$ At age $60$ they could receive $$781\mathrm{.}02$ per month

$-$ At age $65$ they could receive $$1,220\mathrm{.}35$ per month

$-$ At age $70$ they could receive $$1,732\mathrm{.}90$ per month

They$$re trying to decide if they should sign up to receive their CPP pension at age $60,$ or wait.

They are planning to continue to work full$-$time until they are $62,$ at which time they will switch to self$-$employment contract income for a few more years. They are currently in the highest marginal tax bracket, and when they consult they will be mid$-$range for income $/$ tax brackets. They know they would pay a lot of tax on their CPP now, but they could also invest the money and grow it$.$

When they turn $65$ their defined benefit pension payments will start and are estimated at $$3,500$ per month. They also have some RRSP$$s but are not planning on drawing anything from those until they reach $71$ and it converts to a LRIF.

What advice would you give them? Ensure you consider both quantitative and qualitative advice.