NISM Series XVII: Retirement Adviser Certification Examination Notes
Page 1 Of 110
Go to:
Need for Retirement Planning: Retirement planning is essential to ensure financial security post-retirement when regular income ceases.
Financial Independence: The goal of retirement planning is to achieve financial independence, covering living expenses without reliance on employment income.
Longevity Risk: Increased life expectancy requires a larger retirement corpus to sustain expenses over an extended period.
Inflation Impact: Inflation erodes purchasing power, necessitating a larger corpus to maintain the same standard of living in retirement.
Expense Patterns: Retirees’ expenses shift over time, with leisure and health costs becoming significant in later years.
MODELEXAM® 
www.realsoftinfoplan.com