n NISM Certifications
XVII NISM Series XVII
Medium

What is the ideal way to manage outstanding debt when preparing for retirement?

Practice question from NISM Series XVII- Retirement Adviser Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Keep high-cost debt

  2. B

    Take debt to buy appreciating assets

  3. C

    Repay debts without tax benefits

  4. Repay all debts

    Correct answer

Why this is the answer

Clearing all debts before retirement reduces financial burdens and enhances financial security.

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