SWP for Golden Years
Ratin Biswass / 17 Oct 2024/ Categories: DSIJ_Magazine_Web, DSIJMagazine_App, Letters to Editor, MF - Letter to Editor, Mutual Fund
Your article on the SWP was quite informative for me as a senior citizen.
Your article on the SWP was quite informative for me as a senior citizen. However, as I approach my retirement, can a Systematic Withdrawal Plan support me in my golden years without any hindrance? - K. Srinivasan[EasyDNNnews:PaidContentStart]
Editor Responds : Thank you for writing to us. An SWP can be a valuable financial tool during your golden years by providing a steady and predictable income stream. One key benefit of SWP is its tax efficiency, especially in equity funds where only the capital gains portion of your withdrawal is taxed.
Additionally, as only a portion of your investment is withdrawn, the remaining amount continues to grow, helping you preserve your capital and ensure your savings last longer.
SWP also introduces a disciplined approach to managing withdrawals, minimising emotional decisions and providing a structured way to meet your financial goals. Overall, an SWP can give you peace of mind, ensuring you enjoy a stable income in retirement while preserving and potentially growing your wealth for the future.
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