FPSB® Retirement & Tax Planning QnA

Which of the following correctly describes one of the fundamental assumptions that must be determined for each individual when developing a retirement distribution strategy?

What are the most common types of annuities in India?

Indian families’ biggest threat when it comes to structure is?

Mr. X covered under payment act 1974 has worked for 15 years at a Private company. How much gratuity is he entitled to? His basic is 25000 HRA is 20000.

It is important for advisors to “plan for the worst and work for the best especially when it comes to retirement planning. Which of the following strategies would help accomplish this goal?

Which of the following cannot be an example of a variable and terminable retirement expense?

Which of the following is not a type of annuity?

What is the real rate of return assuming a 7% investment return rate and a 2% inflation rate?

client is able to save $6000 at the beginning of each year. They have no current savings or other anticipated income sources in retirement. As their advisor you estimate that they can earn 8% from their investments. If their projected retirement funding need is $750000 in today’s dollars how many years will it take them to save this amount?

Are Indians retirement ready?

Why is MGNREGS important in India?

Which type of employer-sponsored plan provides the most predictable pension benefit?

Which of the following would be the most important information for an advisor to collect before estimating a client’s retirement expenses?

What is the average retirement age in India?

Which of the following is not a potential source of cash flow in retirement?

Which of the following is a pension paid to persons whose income assets pension income or a combination of these falls below designated levels?

What are the top 3 reasons that push people in India to save for retirement?

Which of the following advisor activities should take place before all of the others when assisting a client with retirement planning?

If Mr. X has 15 lakhs on retirement in his Superannuation fund how much can he withdraw tax free?

Do families in India plan their retirement independently of other goals/ family members?

The new pension system is based on Individual Retirement Account in what ways?

Which of the following best describes what types of investments to include in “bucket #2” of the “three bucket” distribution strategy?

Which of the following is least likely to be a common tactic to reduce taxation of retirement cash flow?

Which of the following statements are TRUE in case of Pradhan Mantri Vaya Vandana Yojana (PMVVY)? PMVVY is exclusively available to those who are 60 years of age and above. The maximum investment that can be made in PMVVY is restricted to Rs 25 lakh per senior citizen. The maximum monthly pension in PMVVY is Rs 9250 per senior citizen