← Planning for Big Goals: Child Education and Retirement

Quick quiz: Planning for Big Goals: Child Education and Retirement

5 questions. No time limit. See how much you have understood; your answers are explained at the end.

1. Which three things define a financial goal? Amount (today's cost), year needed and inflation Colour, size and brand Bank name, branch and IFSC Only the amount

2. Why include inflation in goal planning? Costs rise over time, so the future cost is higher Inflation reduces costs It is not needed Banks require it

3. What happens if you delay starting a goal plan? The monthly amount needed increases Nothing changes Returns become guaranteed The goal cost falls

4. What should protect a goal plan? Term insurance and health insurance Credit cards Gold loans Nothing

5. As a goal comes close, many families: Gradually move money to safer options Move everything into risky shares Stop reviewing Spend the money

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