n NISM Certifications
XVII NISM Series XVII
Medium

The best practice for dealing with debt before retirement is to aim for complete repayment to reduce liabilities and ensure financial security.

Practice question from NISM Series XVII- Retirement Adviser Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Debt can be taken to buy appreciating assets

  2. B

    One can retain high cost debt in retirement

  3. Repay all debts

    Correct answer

  4. D

    Repay debt which do not have tax benefits

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

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