Which of the following statements about the ‘Longevity and Sequencing Risk’ section of the lecture material are TRUE:

1. Longevity Risk refers to the risk that you will outlive your retirement savings. Contributing factors include relationship breakdowns and investing either too conservatively or too aggressively.
2. Two investors both have similar $1 million investment portfolios comprised of shares and property investments. They are both working full-time on similar incomes. One is aged 40 while the other is aged 60. Neither has any debt. A significant fall in stock or property prices would have a similar long-term impact on both investors.