Which of the Following Is Not a Major Category of Retirement

question 25

Multiple Choice

Which of the following is not a major category of retirement risk?

• A)Longevity risk
• B)Extraordinary expenses
• C)Liquidity risk
• D)Inflation risk
• E)All of the above are major categories of retirement risk

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Definitions:

Contractual Duties

Obligations that a party is bound to fulfill as per the terms of a contract.

Professional

An individual who offers specialized services or advice based on formal training or expertise.

Common Law Fraud

A type of fraud that involves making false representations of fact intentionally or recklessly for the purpose of inducing another to act to their detriment.

Privity of Contract

A doctrine stating that only the parties involved in a contract have the rights and obligations under that contract.