n NISM Certifications
XVII NISM Series XVII
Medium

When planning for retirement, the needs of both the retiree and their dependents should be analyzed to determine the necessary corpus.

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

Options

  1. The Retiree and his / her dependents

    Correct answer

  2. B

    The Retiree or Dependents depending on who has a higher cost of living

  3. C

    Only the Retiree

  4. D

    Only the Dependents

Why this is the answer

Both parties' needs influence the size of the required retirement fund.

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