Why systematic withdrawal plans in mutual funds work best for senior citizens

It is common knowledge that Systematic Investment plan (SIP) is a popular tool to invest in mutual fund schemes. But did you know that Systematic Withdrawal Plan (SWP) is just as efficient to get regular income in your hands? In an SWP, you choose the withdrawal amount, the frequency and the duration according to your needs. Money comes in your bank account, automatically. SWP is an efficient tool to earn regular income after retirement. If you invest regularly and accumulate a tidy corpus in the initial years leading up to your retirement, the SWP facility can be successfully triggered upon your retirement.

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