Understanding Systematic Withdrawal Plans (SWP) and Protecting Principal

Imagine you've saved money like you're putting it in a piggy bank (SIP).

Now, SWP is like taking money out of that piggy bank in a planned way.

You get to decide how much and how often.

The key is to make sure your money grows faster than you take it out.

If it does, your original savings stay safe.

If you take out too much, you might start using your original savings.

If things aren't going well, you can adjust how much you take out or even stop for a while.