Systematic Withdrawal Schedule
- Systematic Withdrawal Schedule
- A method of withdrawing funds from an annuity account by which the annuitant withdraws funds from the account in specified amounts for a specified payment frequency. The annuitant is not guaranteed lifelong payments as he or she is with the standard annuitization method. With the systematic withdrawal schedule, the annuitant chooses instead to withdraw funds from his or her account until it is emptied, bearing the risk that the funds become depleted before he or she dies.
This method of fund withdrawal from an annuity, by not guaranteeing a lifelong income stream for the annuitant, places the risk of a longer-than-expected lifespan on the shoulders of the annuitant instead of on the insurance company offering the annuity. An annuitant choosing this withdrawal method instead of the annuitization method would not be limited to a small amount of funds every month, and could in fact remove his or her funds from the account relatively quickly, should he or she desire to do so.
Investment dictionary.
Academic.
2012.
Look at other dictionaries:
Benzodiazepine withdrawal syndrome — ] Various studies have shown between 20–100% of patients prescribed benzodiazepines at therapeutic dosages long term are physically dependent and will experience withdrawal symptoms. [cite book |last= Ashton |first= CH |editor= A Baum, S. Newman … Wikipedia
25th Infantry Division (United States) — Infobox Military Unit unit name=25th Infantry Division caption=US 25th Infantry Division shoulder sleeve insignia nickname= Tropic Lightning motto= colors= march= ceremonial chief= type=Light Infantry branch=Regular Army dates=October, 1941 –… … Wikipedia
Alprazolam — Alprazolam … Wikipedia
Temazepam — Systematic (IUPAC) name 7 Chloro 1,3 dihydro 3 hydroxy 1 methyl 5 phenyl 1,4 benzod … Wikipedia
Benzodiazepine — Benzodiazepines … Wikipedia
Methadone — Phy redirects here. For the abbreviation for the physical layer of the OSI Model, see PHY. Not to be confused with Methedrine, Methedrone, Mephedrone, or Methylone. Methadone … Wikipedia
international relations — a branch of political science dealing with the relations between nations. [1970 75] * * * Study of the relations of states with each other and with international organizations and certain subnational entities (e.g., bureaucracies and political… … Universalium
Diazepam — Systematic (IUPAC) name 7 chlo … Wikipedia
china — /chuy neuh/, n. 1. a translucent ceramic material, biscuit fired at a high temperature, its glaze fired at a low temperature. 2. any porcelain ware. 3. plates, cups, saucers, etc., collectively. 4. figurines made of porcelain or ceramic material … Universalium
China — /chuy neuh/, n. 1. People s Republic of, a country in E Asia. 1,221,591,778; 3,691,502 sq. mi. (9,560,990 sq. km). Cap.: Beijing. 2. Republic of. Also called Nationalist China. a republic consisting mainly of the island of Taiwan off the SE coast … Universalium
