Retirement Strategies and Reverse Mortgage

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.

What is the minimum and maximum investment limit for PPF in a financial year?

• Rupees 1,000 and Rupees 2,00,000

• Rupees 500 and Rupees 1,50,000

• Rupees 100 and Rupees 1,00,000

• Rupees 500 and Rupees 2,50,000

Which of the following is true about EPF contributions?

• Neither employee nor employer contributes to the EPF.

• Only the employee contributes to the EPF.

• Only the employer contributes to the EPF.

• Both employee and employer contribute to the EPF.

Under what condition can an employee receive gratuity?

• After serving continuously for 10 years

• After serving continuously for 7 years

• After serving continuously for 5 years

• After serving continuously for 3 years

What is the age range for Indian citizens to participate in the National Pension System (NPS)?

• 18 to 60 years

• 25 to 70 years

• 18 to 70 years

• 21 to 65 years

Which of the following is a benefit of the Short Service Commission?

• No retirement benefits

• Retirement benefits such as pensions and gratuity

• Lifetime employment in the armed forces

• Guaranteed promotion to higher ranks

What is a reverse mortgage primarily designed for?

• Middle-aged individuals to refinance their mortgage

• Senior citizens to access home equity without selling

• Young professionals to buy a new home

• Investors to purchase multiple properties

How is the loan amount in a reverse mortgage typically repaid?

• Through government subsidies

• By refinancing the loan

• By selling the home or upon the borrower's death

• Through monthly payments by the homeowner