n NISM Certifications
X NISM Series X
Medium

For a 52-year-old client with projected lower expenses post-retirement, what should you advise?

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Save more to spend lavishly in retirement

  2. B

    Expenses will decrease post-retirement

  3. C

    Manage within current means

  4. Expenses need adjustment for inflation

    Correct answer

Why this is the answer

Retirement expenses must be projected by accounting for inflation to ensure adequacy of savings and planning.

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