n NISM Certifications
XVII NISM Series XVII
Medium

Health-related costs are a significant expense during retirement because they tend to increase with age.

Practice question from NISM Series XVII- Retirement Adviser Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Loan repayment cost

  2. B

    Travel cost

  3. C

    Discretionary cost

  4. Health related cost

    Correct answer

Why this is the answer

Healthcare expenses rise notably in old age, impacting retirement budgets.

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