n NISM Certifications
X NISM Series X
Medium

Mr. Sundar, aged 45, seeks advice on early retirement planning. How should you guide him?

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

    Work till age 55 before retiring

  2. B

    Work till age 60 before retiring

  3. Calculate his financial needs and plan savings accordingly

    Correct answer

  4. D

    Work as long as he wishes; the government will provide support

Why this is the answer

Effective retirement planning begins with assessing one’s expenses and income requirements, then devising a savings strategy aligned with those needs.

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