Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 2 terms
Redeeming a fixed amount from a fund at regular intervals to create an income.
The alternative to an annuity: keeps the capital, keeps growth, keeps flexibility — and exposes you to the order in which returns arrive.
Systematic Withdrawal Plan — a fixed amount redeemed from a fund at regular intervals.
More tax-efficient than dividends: only the gain portion is taxed, and at capital gains rates.