n NISM Certifications
XVII NISM Series XVII
Medium

The size of the retirement corpus depends mainly on the expected income and expenses during retirement, ensuring sufficient funds to maintain the desired lifestyle.

Practice question from NISM Series XVII- Retirement Adviser Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. What are the expected income and expenses in retirement?

    Correct answer

  2. B

    What is the last drawn salary of the retiree?

  3. C

    What is the pension accruing to the retiree?

  4. D

    What is the rate of return expected to be earned on the investments?

Why this is the answer

Anticipated expenses and income levels during retirement are fundamental in estimating the required corpus to sustain post-retirement living standards.

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