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Withdrawal Plan

Withdrawal Plan In this scenario, an investor will receive a fixed payment periodically, which is very similar to a living allowance. This is usually used when an investor has retired so that the individual can have the equivalent of a paycheck still coming in, which makes managing one's finances much easier. This is also used for things like a child's education, as the money can be taken out whenever a new semester's payments are due, but cannot be withdrawn at any other time. This is done in order to make sure that the money is used for its intended purpose and that these investors do not have to worry about holding onto larger amounts of money long term.

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Definition of the Day Australian Securities Exchange

Australian Securities Exchange - The Australian Securities Exchange is the largest stock exchange in all of Australia, and is also known as the ASE, which opened for operation in 1987. Although its operations and functions have change with the times, it was transformed in 2006 after becoming the product in...

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