Systematic withdrawal plan allows the investor to have a check for specified amount sent to whom ever they wish monthly or quarterly.
systematic withdrawal program. An arrangement by which a deferred annuity contract owner makes withdrawals at regular intervals from the annuity's accumulated value.
Systematic Withdrawal Plan. It is the opposite of SIP and facilitates regular withdrawals. This helps investors in meeting their regular financial needs.
A client can choose to have a set amount of money withdrawn (redeemed) periodically from their mutual fund account.
Systematic Withdrawal Plan. An automatic withdrawal program in which a shareholder receives regular payments, usually monthly, quarterly, semiannually, or annually, from a mutual fund account or retirement plan.
Systematic Withdrawal Plan. A feature offered by Transamerica IDEX where money is paid to shareholders by direct deposit or check as a result of periodic redemptions (sales) of shares from their Transamerica IDEX account. As with most any redemptions, there are tax consequences of selling mutual fund shares.
Systematic Withdrawal Plan. A plan offered with some schemes under which post-dated cheques for fixed amounts (as may be fixed by the fund) are issued to the investors for monthly, bi-monthly or quarterly withdrawals. The withdrawals are as per the requirements of the investor specified by him/ her at the time of investment.
Systematic Withdrawal Plan. A plan offered by a mutual fund company under which a fixed dollar amount of a mutual fund is redeemed at regular intervals. An SWP can drain a portfolio rapidly.
Systematic Withdrawal Plan. Regular automatic redemption of a specified amount of money or specified number of shares from a mutual fund account.
Systematic Withdrawal Plan. A program which permits shareholders to have a specified amount automatically redeemed either monthly, quarterly, semi-annually or annually, and paid per the shareholder's instructions.
Stands for "systematic withdrawal plan," which is the automatic withdrawal of funds from your mutual fund account on a regular basis ( e.g., monthly, quarterly, annually). The plan is used as a way to supplement a shareholder's income, while also maintaining an investment. Payments are made either via EFT or check.
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