Chartered Investment Manager (CIM) Practice Exam · Question
Ms. Chen, a 45-year-old software engineer, earns $150,000 annually and expects to retire at age 65. She has $500,000 in her RRSP and $100,000 in a TFSA. Her monthly expenses are $4,000. She wants to ensure her portfolio can support her lifestyle in retirement. What is her primary time horizon for her long-term investment goals?
Ms. Chen expects to retire at 65 and is currently 45, making her accumulation phase time horizon 20 years. Her post-retirement time horizon would be longer, but
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Question: Ms. Chen, a 45-year-old software engineer, earns $150,000 annually and expects to retire at age 65. She has $500,000 in her RRSP and $100,000 in a TFSA. Her monthly expenses are $4,000. She wants to ensure her portfolio can support her lifestyle in retirement. What is her primary time horizon for her long-term investment goals?
Answer options:
- 10 years ✅ 20 years
- 30 years
- 40 years
Correct answer: 20 years
Explanation: Ms. Chen expects to retire at 65 and is currently 45, making her accumulation phase time horizon 20 years. Her post-retirement time horizon would be longer, but the question asks for the primary time horizon for long-term investment goals.
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