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Systematic Withdrawal Plan - SWP
What does it mean?
A service offered by a mutual fund that provides a payout to the shareholder at predetermined intervals.
In Other Words...
Two main reasons for using a SWP are to meet living requirements (usually when retired) or to accomplish tax planning purposes.
Related Links
Mutual Fund Basics Tutorial - Learn about the basics--and the pitfalls!--of investing in mutual funds.
Related Terms
Mutual Fund | Redemption
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