Guerdy has been eagerly planning her upcoming retirement. While she has accumulated a sizable$$portfolio$,$ she anticipates living well into her $90$s based on her family history and current health. The$$market has been strong for the past several years and Guerdy fears that it will contract significantly just$$at the time she is ready to retire, causing her portfolio to be depleted more rapidly than anticipated. This$$an example of which type of risk?

Question $5$Select one:

a$.$

Longevity risk

b$.$

Inflation risk

c$.$

Sequence$-$of$-$returns risk

d$.$

Asset allocation risk