Retirement Strategies and Reverse Mortgage

Retirement Strategies and Reverse Mortgage

Assessment

Interactive Video

Business

10th Grade - University

Hard

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Quizizz Content

FREE Resource

The video covers various retirement strategies, including PPF, EPF, gratuity, and NPS, highlighting their benefits and tax implications. It also explains reverse mortgage as a financial tool for senior citizens to access home equity without selling their property. The session emphasizes the importance of diversified financial planning for a secure retirement.

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7 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the Public Provident Fund (PPF) and what are its key features?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the Employee Provident Fund (EPF) work and what benefits does it provide?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the eligibility criteria and calculation method for gratuity under the Gratuity Act, 1972?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

Explain the National Pension System (NPS) and its investment options.

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What is a reverse mortgage and how does it benefit senior citizens?

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

Describe the repayment process of a reverse mortgage.

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the important considerations one should keep in mind before opting for a reverse mortgage?

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