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Cover the content of this ppt and explain it Minimum drawdown rules Income is determined by applying a percentage factor to the current account balance
Cover the content of this ppt and explain it
Minimum drawdown rules Income is determined by applying a percentage factor to the current account balance at the start of each financial year - This sets the lower limit - There is no maximum limit (unless taking a TTR income stream, see slide 47) - Members are free to select any income stream above the minimum Step by Step Solution
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Case Studies In Finance
Authors: Robert F. Bruner
4th Edition
0072338628, 978-0072338621
