Withdrawal Plans Flashcards
1
Q
Fixed Dollar Withdrawal Plan
A
Clients request a periodic fixed amount of money through the redemption of units of their mutual fund
2
Q
Ratio Withdrawal Plan
A
Request to receive a fixed % of the fund value. Always based on the current portfolio value
3
Q
Fixed Period Withdrawal Plan
A
Receive money over a period of time until the mutual fund investment is completely paid out
4
Q
Life Withdrawal Plan
A
Similar to the fixed period plan except the period is the expected remaining lifetime of the client
5
Q
Annuities
A
Contract between an individual and a life insurance company in which the individual gives a certain amount of money to the insurance company. In exchange the insurance company agrees to make regular payments to the individual
6
Q
A
