n NISM Certifications
XVII NISM Series XVII
Medium

To handle outstanding debt before retirement, the recommended strategy is to increase investments in fixed and guaranteed income options to meet debt obligations.

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

    A portion of the retirement fund should be used to pay off the debt

  2. B

    Consider a second career to earn additional income to pay off the debts

  3. Increase funds allotted to fixed and guaranteed income to meet the debt obligations

    Correct answer

  4. D

    The retiree should take some risks and invest money in high returns securities to get extra money to pay the debt

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

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