Question $2(1$ point$)**$ In Canada$**$

Eiichi, $64,$ is retiring this year and requires a minimum pre$-$tax income of $$38,000$ to

meet his needs in retirement. He may work part$-$time for the first few years of

retirement to earn some extra spending money, but he wants his pension and

government benefits to completely cover his living expenses by the time he is $70.$

Eiichi will receive income from the following sources in retirement:

pension income of $$2,000$ per month starting at age $64,$

CPP income of $$475$ starting at age $65,$ and

OAS income of $$550$ starting at age $65.$

To meet his retirement income goal, which of the following options is most suitable

for Eiichi? Eiichi should:

delay his retirement by $27$ months.

defer his CPP income by $43$ months.

advance his OAS income by $11$ months.