n NISM Certifications
XVII NISM Series XVII
Medium

Essential expenses in retirement should primarily be met through pension and annuities, providing a stable and predictable income source for unavoidable costs.

Practice question from NISM Series XVII- Retirement Adviser Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Rental income

  2. B

    Income from investments which can give very high returns

  3. Pension and annuities

    Correct answer

  4. D

    All of the above

Why this is the answer

Pension and annuities offer guaranteed income, making them ideal for covering essential and fixed expenses in retirement.

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