n NISM Certifications
XVII NISM Series XVII
Medium

In the 'Bucket Strategy' for retirement, what is the primary purpose of the first bucket?

Practice question from NISM Series XVII- Retirement Adviser Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Cover essential expenses for 3-5 years

  2. B

    Pay for travel and discretionary goals

  3. C

    Hold the entire retirement corpus excluding first 3-5 years

  4. Meet the first 3-5 years of expenses

    Correct answer

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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