Business, Legal & Accounting Glossary
An investment vehicle whereby an investor receives a set monthly payment typically used by that individual as a source of income. These types of plans are helpful for retirees in that they ensure that the investor will receive a regular income without the need to make sporadic or random withdrawals from their retirement savings in order to pay for their living expenses.
MIP
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This glossary post was last updated: 21st November, 2021 | 0 Views.