n NISM Certifications
XVII NISM Series XVII
Medium

Which statement about expenses in retirement is TRUE?

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

    Heads of expenses stay the same pre- and post-retirement

  2. B

    Heads of expenses are distinct before and after retirement

  3. C

    Expenses are accurately forecasted with modern techniques

  4. The importance of expense heads changes in retirement

    Correct answer

Why this is the answer

Expenses such as health and leisure may increase, while others like transportation may decrease after retirement.

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NISM Series XVII- Retirement Adviser Moc…