{"id":4801,"date":"2022-06-19T22:29:05","date_gmt":"2022-06-19T14:29:05","guid":{"rendered":"https:\/\/blog.roboadvisor.com.tw\/?p=4801"},"modified":"2022-06-19T22:29:05","modified_gmt":"2022-06-19T14:29:05","slug":"%e7%84%a1%e7%97%9b%e5%ad%98%e9%80%80%e4%bc%91%e9%87%91%e3%80%8b%e8%a9%b2%e5%a6%82%e4%bd%95%e5%89%b5%e9%80%a0%e6%9b%b4%e5%a4%9a%e8%a2%ab%e5%8b%95%e6%94%b6%e5%85%a5-6%e7%a8%ae%e9%80%80%e4%bc%91","status":"publish","type":"post","link":"https:\/\/blog.roboadvisor.com.tw\/?p=4801","title":{"rendered":"\u9000\u4f11\u91d1\u63d0\u9818\u7b56\u7565\uff1a6\u7a2e\u5b8c\u6574\u4ecb\u7d39"},"content":{"rendered":"\n

\u73fe\u4eca\u79d1\u6280\u8207\u91ab\u7642\u7684\u9032\u6b65\uff0c\u4f7f\u5f97\u4eba\u53e3\u8001\u9f61\u5316\u5df2\u6210\u70ba\u65e2\u5b9a\u7684\u4e8b\u5be6\uff0c\u96a8\u8457\u9577\u58fd\u8207\u4f4e\u5229\u7387\u7684\u74b0\u5883\uff0c\u653f\u5e9c\u9000\u4f11\u91d1\u7684\u63d0\u4f9b\u5df2\u7d93\u7121\u6cd5\u6eff\u8db3\u9ad8\u9f61\u5316\u793e\u6703\u4e0b\u7684\u9700\u6c42\uff0c\u4eba\u5011\u958b\u59cb\u91cd\u8996\u9000\u4f11\u5f8c\u7684\u8ca1\u52d9\u898f\u5283\u3002<\/p>\n\n\n\n

\u56e0\u6b64\uff0c\u9000\u4f11\u91d1\u63d0\u9818\u5728\u904e\u53bb\u7684\u6578\u5341\u5e74\u9593\u4e00\u76f4\u70ba\u4eba\u5011\u6240\u71b1\u70c8\u8a0e\u8ad6\u7684\u8b70\u984c<\/mark>\u3002<\/mark><\/strong><\/p>\n\n\n\n

\u81ea\u5df1\u7684\u9000\u4f11\u91d1\u81ea\u5df1\u6e96\u5099\uff0c\u4ee5\u4e0b\u8ddf\u5927\u5bb6\u5206\u4eab\u5be6\u52d9\u4e0a\u5404\u7a2e\u7684\u9000\u4f11\u91d1\u63d0\u9818\u7b56\u7565\uff0c\u85c9\u7531\u9019\u4e9b\u7b56\u7565\uff0c\u81ea\u5df1\u53ef\u4ee5\u5275\u9020\u66f4\u591a\u7684\u88ab\u52d5\u6536\u5165\uff0c\u6253\u9020\u7a69\u5b9a\u5b89\u5fc3\u7684\u9000\u4f11\u751f\u6d3b\u3002<\/p>\n\n\n\n

\n\n\n\n

\u9000\u4f11\u91d1\u63d0\u9818\u7b56\u7565<\/h2>\n\n\n\n

\u9996\u5148\uff0c\u4ec0\u9ebc\u662f\u63d0\u9818\u7b56\u7565?<\/h5>\n\n\n\n

\u767d\u8a71\u5c31\u662f\u5f9e\u6295\u8cc7\u5e33\u6236\u7684\u6301\u80a1\u4e2d\uff0c\u8ce3\u6389\u4e00\u4e9b\u6301\u80a1\u90e8\u4f4d\uff0c\u4f86\u7576\u4f5c\u9000\u4f11\u91d1\u3002<\/mark><\/strong><\/p>\n\n\n\n

\u904e\u5f80\u591a\u6578\u4eba\u9760\u80a1\u7968\u7684\u80a1\u606f\u6216\u50b5\u5238\u7684\u50b5\u606f\uff0c\u4ee5\u652f\u6490\u4ed6\u5011\u7684\u9000\u4f11\u91d1\u6d41\uff0c\u4f46\u662f\u901a\u5e38\u5b58\u80a1\u5b58\u5230\u8b8a\u6210\u5b58\u9aa8\uff0c\u8cfa\u4e86\u80a1\u606f\u8ce0\u4e86\u50f9\u5dee\uff0c\u5be6\u969b\u6c92\u6709\u8cc7\u7522\u589e\u9577\u3002<\/p>\n\n\n\n

\u53e6\u4e00\u65b9\u9762\uff0c\u53f0\u7063\u80a1\u5e02\u6709\u7279\u6709\u7684\u9ad8\u6b96\u5229\u7387\u6587\u5316\uff0c\u56e0\u6b64\u8a31\u591a\u6295\u8cc7\u4eba\u53ea\u77e5\u9053\u914d\u606f\uff0c\u4e0d\u77e5\u9053\u5176\u4ed6\u66f4\u5b89\u5fc3\u8207\u79d1\u5b78\u5316\u7684\u63d0\u9818\u65b9\u5f0f\uff0c\u53ea\u9700\u8981\u4e00\u4e9b\u6295\u5165\u8cc7\u91d1\uff0c\u5c31\u53ef\u4ee5\u9054\u5230\u9000\u4f11\u5f8c\u88ab\u52d5\u6536\u5165\u63d0\u9818\u4e0d\u5b8c\u7684\u5883\u754c\u3002<\/p>\n\n\n\n

\u8981\u5982\u4f55\u81ea\u5df1\u5275\u9020\u66f4\u5b89\u5fc3\u7684\u9000\u4f11\u91d1\u73fe\u91d1\u6d41? \u524d\u63d0\u662f\u4f60\u7684\u6295\u8cc7\u5546\u54c1\u9808\u8981\u6709\u53ef\u9810\u671f\u7684\u9577\u671f\u7a69\u5b9a\u5408\u7406\u5831\u916c\uff0c\u6709\u4e86\u9019\u6a23\u7684\u5546\u54c1\u57fa\u790e\uff0c\u5c31\u53ef\u4ee5\u9032\u4e00\u6b65\u53cd\u63a8\u6211\u8ce3\u6389\u6301\u80a1\u6240\u5275\u9020\u7684\u5408\u7406\u91d1\u6d41\uff0c\u7ad9\u4e86\u6574\u9ad4\u90e8\u4f4d\u7684\u591a\u5c11\u6bd4\u4f8b\uff0c\u5373\u53ef\u6c42\u77e5\u5408\u7406\u7684\u63d0\u9818\u6bd4\u7387\u3002<\/mark><\/strong><\/p>\n\n\n\n

\u4f8b\u5982: \u82e5\u6295\u8cc7\u5168\u7403\u80a1\u50b5 8 \u6bd4 2 \u7684\u7d44\u5408\uff0c\u904e\u53bb\u5e74\u5316\u5831\u916c\u7387\u4ecb\u5728 7 % ~ 9 % \uff0c\u6240\u4ee5\u53ea\u8981\u63d0\u9818\u7387\u5728 3 ~ 4 %\uff0c\u57fa\u672c\u4e0a\u53ef\u4ee5\u6eff\u8db3\u9019\u6a23\u7684\u689d\u4ef6 ( \u56e0\u70ba\u8cc7\u7522\u6210\u9577\u901f\u5ea6 > \u8cc7\u7522\u6e1b\u640d\u901f\u5ea6 )\u3002<\/p>\n\n\n\n

\u7576\u63d0\u9818\u6bd4\u7387 < \u9577\u671f\u6295\u8cc7\u5831\u916c\u7387\uff0c\u4e00\u822c\u4f86\u8aaa\uff0c\u5f88\u6709\u6a5f\u6703\u5be6\u73fe\u9000\u4f11\u5f8c\u6e90\u6e90\u4e0d\u7d55\u88ab\u52d5\u6536\u5165\u7684\u7f8e\u5922\uff0c\u4f46\u5207\u8a18\uff0c\u91d1\u878d\u5e02\u5834\u7e3d\u662f\u6703\u51fa\u73fe\u6975\u7aef\u7684\u4e0d\u5b8c\u7f8e\uff0c\u6545\u4ecd\u5efa\u8b70\u8981\u5b9a\u671f\u6aa2\u8996\u3002<\/mark><\/strong><\/p>\n\n\n\n

\u7121\u8ad6\u4f60\u7684\u5e33\u6236\u91d1\u984d\u7e3d\u5171\u6709\u591a\u5c11\uff0c\u6bcf\u500b\u4eba\u90fd\u6709\u81ea\u5df1\u652f\u51fa\u7684\u7fd2\u6163\u8207\u60f3\u8981\u5b8c\u6210\u7684\u5922\u60f3\uff0c\u4ee5\u4e0b\u6703\u5206\u4eab 6 \u7a2e\u63d0\u9818\u7b56\u7565:<\/p>\n\n\n\n

\n\n\n\n

1\u30014%\u6cd5\u5247\u63d0\u9818\u662f\u4ec0\u9ebc\uff1f( 4 % withdrawal rule)<\/h2>\n\n\n\n

4 % \u6cd5\u5247\u662f\u6307\u4f60\u5728\u9000\u4f11\u7684\u7b2c\u4e00\u5e74\u63d0\u53d6 4 % \u7684\u9000\u4f11\u5132\u84c4\u6e96\u5099\u91d1\uff0c\u5728\u96a8\u5f8c\u7684\u5e7e\u5e74\u4e2d\uff0c\u6bcf\u5e74\u589e\u52a0 2 % \u4ee5\u61c9\u5c0d\u901a\u8ca8\u81a8\u8139\u3002<\/mark><\/strong><\/p>\n\n\n\n

\u4f8b\u5982\uff0c\u5982\u679c\u4f60\u5728\u9000\u4f11\u6642\u7d2f\u7a4d\u4e86 100 \u842c\u53f0\u5e63\uff0c\u4f60\u5c07\u5728\u9000\u4f11\u7684\u7b2c\u4e00\u5e74\u63d0\u9818 40,000 \u53f0\u5e63\uff0c\u7b2c\u4e8c\u5e74\uff0c\u60a8\u5c07\u63d0\u9818 40,800 \u53f0\u5e63\uff08\u539f\u59cb\u91d1\u984d\u52a0\u4e0a 2%\uff09\uff0c\u7b2c\u4e09\u5e74\uff0c\u60a8\u5c07\u63d0\u9818 41,616 \u7f8e\u5143\uff08\u4e0a\u4e00\u5e74\u7684\u91d1\u984d\uff0c\u52a0\u4e0a 2 %\uff09\uff0c\u4f9d\u6b64\u985e\u63a8\u3002<\/p>\n\n\n\n

\u4e86\u89e3\u66f4\u591a: 4 % \u6cd5\u5247\u662f\u7121\u6575\u7684\u55ce ?<\/a><\/p>\n\n\n\n

— > \u6f5b\u5728\u512a\u52e2\uff1a<\/mark><\/strong>\u9019\u662f\u4e00\u500b\u9577\u671f\u7684\u9000\u4f11\u63d0\u9818\u7b56\u7565\uff0c\u8a31\u591a\u4eba\u91cd\u8996\u9019\u7a2e\u7b56\u7565\uff0c\u56e0\u70ba\u5b83\u6613\u65bc\u9075\u5faa\u8207\u4e86\u89e3\uff0c\u4e26\u4e14\u6bcf\u5e74\u70ba\u4f60\u63d0\u4f9b\u53ef\u9810\u6e2c\u7684\u6536\u5165\u3002<\/p>\n\n\n\n

— > \u6f5b\u5728\u7f3a\u9ede\uff1a<\/mark><\/strong>\u6700\u8fd1\uff0c\u9019\u7a2e\u65b9\u6cd5\u56e0\u6c92\u6709\u8003\u616e\u5229\u7387\u4e0a\u5347\u548c\u5e02\u5834\u6ce2\u52d5\u7684\u5f71\u97ff\u800c\u53d7\u5230\u6279\u8a55\u3002\u4e8b\u5be6\u4e0a\uff0c\u5982\u679c\u4f60\u5728\u80a1\u5e02\u6025\u5287\u4e0b\u8dcc\u6642\u9000\u4f11\uff0c\u4f60\u5c31\u6709\u53ef\u80fd\u63d0\u524d\u8017\u76e1\u4f60\u7684\u5132\u84c4\u3002<\/p>\n\n\n\n

\n\n\n\n

2\u3001\u56fa\u5b9a\u91d1\u984d\u63d0\u9818\u662f\u4ec0\u9ebc\uff1f( fixed – dollar withdrawals )<\/h2>\n\n\n\n

\u5728\u7279\u5b9a\u6642\u9593\u6bb5\u5167\u53d6\u51fa\u56fa\u5b9a\u7684\u91d1\u984d\u3002\u4f8b\u5982\uff0c\u4f60\u53ef\u80fd\u6c7a\u5b9a\u5728 65 \u6b72\u81f3 70 \u6b72\u671f\u9593\uff0c\u6bcf\u6708\u63d0\u53d6 40,000 \u53f0\u5e63\uff0c\u7136\u5f8c\u5728\u4e94\u5e74\u671f\u7d50\u675f\u5f8c\u91cd\u65b0\u8a55\u4f30\u63d0\u9818\u91d1\u984d\u3002<\/mark><\/strong><\/p>\n\n\n\n

\u96d6\u7136\u9019\u63d0\u4f9b\u4e86\u53ef\u9810\u6e2c\u7684\u88ab\u52d5\u6536\u5165\uff08\u53ef\u4ee5\u5e6b\u52a9\u9032\u884c\u76f8\u61c9\u9810\u7b97\u8a08\u7b97)\uff0c\u4f46\u5b83\u5c0d\u9632\u6b62\u901a\u8ca8\u81a8\u8139\u4e26\u6c92\u6709\u591a\u5927\u4f5c\u7528\uff1b\u4e26\u4e14\u6839\u64da\u4f60\u9078\u64c7\u7684\u56fa\u5b9a\u91d1\u984d\uff0c\u53ef\u80fd\u6703\u4fb5\u8755\u672c\u91d1\u3002\u6b64\u5916\uff0c\u5982\u679c\u4f60\u7684\u6295\u8cc7\u56e0\u5e02\u5834\u6ce2\u52d5\u800c\u8cb6\u503c\uff0c\u53ef\u80fd\u9700\u8981\u51fa\u552e\u66f4\u591a\u8cc7\u7522\u4ee5\u6eff\u8db3\u63d0\u6b3e\u9700\u6c42\u3002<\/p>\n\n\n\n

— > \u6f5b\u5728\u512a\u52e2\uff1a<\/mark><\/strong>\u9019\u7a2e\u65b9\u6cd5\u53ef\u4ee5\u7c21\u5316\u60a8\u7684\u500b\u4eba\u8cc7\u91d1\u7ba1\u7406\uff0c\u4ea6\u662f\u4e00\u7a2e\u6f5b\u986f\u6613\u61c2\u7684\u4f5c\u6cd5\u3002<\/p>\n\n\n\n

— > \u6f5b\u5728\u7f3a\u9ede\uff1a<\/mark><\/strong>\u9019\u7a2e\u65b9\u6cd5\u4e0d\u80fd\u9632\u6b62\u901a\u8ca8\u81a8\u8139\uff1b\u4f8b\u5982\uff0c\u5f9e\u4e00\u5e74\u5230\u4e0b\u4e00\u5e74\uff0c 40,000 \u53f0\u5e63\u7684\u8cfc\u8cb7\u529b\u53ef\u80fd\u4e0d\u540c\u3002\u6b64\u5916\uff0c\u5728\u5e02\u5834\u4f4e\u8ff7\u6642\uff0c\u53ef\u80fd\u9700\u8981\u6e05\u7b97\u66f4\u591a\u8cc7\u7522\u4ee5\u6eff\u8db3\u56fa\u5b9a\u91d1\u984d\u63d0\u6b3e\u3002<\/p>\n\n\n\n

\n\n\n\n

3\u3001\u56fa\u5b9a\u767e\u5206\u6bd4\u63d0\u9818\u662f\u4ec0\u9ebc\uff1f( fixed – percentage withdrawals )<\/h2>\n\n\n\n

\u6bcf\u5e74\u63d0\u53d6\u4e00\u5b9a\u6bd4\u4f8b\u7684\u6295\u8cc7\u7d44\u5408\uff0c\u63d0\u9818\u7684\u91d1\u984d\u5c07\u6839\u64da\u4f60\u6295\u8cc7\u7d44\u5408\u7684\u6bcf\u5e74\u5e74\u5e95\u7684\u5be6\u969b\u6de8\u503c\u800c\u6709\u6240\u4e0d\u540c\u3002<\/mark><\/strong><\/p>\n\n\n\n

\u96d6\u7136\u9019\u7a2e\u65b9\u6cd5\u6703\u7522\u751f\u4e00\u5b9a\u7684\u4e0d\u78ba\u5b9a\u6027\uff0c\u4f46\u5982\u679c\u9078\u64c7\u4f4e\u65bc\u9810\u671f\u5831\u916c\u7387\u7684\u767e\u5206\u6bd4\uff0c\u4f60\u5be6\u969b\u4e0a\u53ef\u4ee5\u589e\u52a0\u6536\u5165\u548c\u8cec\u6236\u50f9\u503c\u3002\u53e6\u4e00\u65b9\u9762\uff0c\u5982\u679c\u767e\u5206\u6bd4\u592a\u9ad8\uff0c\u53ef\u80fd\u6703\u904e\u65e9\u8017\u76e1\u60a8\u7684\u8cc7\u7522\u3002<\/p>\n\n\n\n

\u8207 4 % \u6cd5\u5247\u4e0d\u540c\u5728\u65bc\uff0c 4 % \u6cd5\u5247\u662f\u57fa\u65bc\u9000\u4f11\u7b2c\u4e00\u5e74\u7684\u7e3d\u8cc7\u7522\u6de8\u503c\u8a08\u7b97\u63d0\u9818\u91d1\u984d\u5f8c\uff0c\u6bcf\u5e74\u901a\u81a8\u8abf\u6574\u3002\u800c\u56fa\u5b9a\u767e\u5206\u6bd4\u5247\u70ba\u6bcf\u5e74\u4f9d\u7167\u7e3d\u8cc7\u7522\u6de8\u503c x \u56fa\u5b9a\u767e\u5206\u6bd4\u3002<\/p>\n\n\n\n

— > \u6f5b\u5728\u512a\u52e2\uff1a<\/mark><\/strong>\u9019\u7a2e\u65b9\u6cd5\u662f\u4e00\u500b\u7c21\u55ae\u7684\u516c\u5f0f\u3002<\/p>\n\n\n\n

— > \u6f5b\u5728\u7f3a\u9ede\uff1a<\/mark><\/strong>\u4f60\u6c7a\u5b9a\u63d0\u9818\u7684\u56fa\u5b9a\u6bd4\u4f8b\u4e0d\u592a\u53ef\u80fd\u6bcf\u5e74\u7b49\u65bc\u76f8\u540c\u7684\u91d1\u984d\u3002\u4f60\u5f9e\u4e2d\u63d0\u9818\u7684\u7e3d\u8cc7\u7522\u6de8\u503c\u53ef\u80fd\u6bcf\u5e74\u90fd\u6703\u589e\u52a0\u6216\u6e1b\u5c11\uff0c\u56e0\u6b64\u53ef\u80fd\u7121\u6cd5\u7372\u5f97\u7a69\u5b9a\u7684\u88ab\u52d5\u6536\u5165\u3002<\/p>\n\n\n\n

\n\n\n\n

4\u3001\u7cfb\u7d71\u6027\u63d0\u9818\u8a08\u5283\u662f\u4ec0\u9ebc\uff1f( systematic withdrawal plan )<\/h2>\n\n\n\n

\u5728\u7cfb\u7d71\u6027\u63d0\u9818\u8a08\u5283\u4e2d\uff0c\u4f60\u53ea\u5f9e\u6295\u8cc7\u7d44\u5408\u4e2d\u76f8\u95dc\u6295\u8cc7\u6240\u7522\u751f\u7684\u6536\u5165\uff08\u4f8b\u5982\u80a1\u606f\u6216\u5229\u606f\uff09\u63d0\u9818\u91d1\u984d\uff0c\u4e5f\u5c31\u662f\u4f9d\u8cf4\u80a1\u606f\u8207\u50b5\u606f\u3002<\/mark><\/strong><\/p>\n\n\n\n

\u7531\u65bc\u4f60\u7684\u672c\u91d1\u4fdd\u6301\u4e0d\u8b8a\uff0c\u9019\u76ee\u7684\u5728\u9632\u6b62\u60a8\u7684\u8cc7\u91d1\u7528\u5b8c\uff0c\u4e26\u53ef\u80fd\u70ba\u4f60\u63d0\u4f9b\u96a8\u8457\u6642\u9593\u7684\u63a8\u79fb\u589e\u52a0\u6295\u8cc7\u7684\u6f5b\u529b\uff0c\u540c\u6642\u4ecd\u7136\u63d0\u4f9b\u9000\u4f11\u6536\u5165\uff0c\u76f8\u53cd\u5730\uff0c\u9078\u932f\u6a19\u7684\u4e5f\u6703\u8b93\u4f60\u7684\u6295\u8cc7\u6e1b\u640d\u3002<\/p>\n\n\n\n

\u800c\u4e14\uff0c\u4f60\u5728\u4efb\u4f55\u4e00\u5e74\u6536\u5230\u7684\u6536\u5165\u91d1\u984d\u90fd\u6703\u6709\u6240\u4e0d\u540c\uff0c\u56e0\u70ba\u9019\u53d6\u6c7a\u65bc\u5e02\u5834\u548c\u4f01\u696d\u8868\u73fe\uff0c\u53e6\u4e00\u500b\u98a8\u96aa\u662f\u4f60\u80fd\u5920\u63d0\u9818\u7684\u91d1\u984d\u8ddf\u4e0d\u4e0a\u901a\u8ca8\u81a8\u8139\u7684\u6b65\u4f10\u3002<\/mark><\/strong><\/p>\n\n\n\n

— > \u6f5b\u5728\u512a\u52e2\uff1a<\/mark><\/strong>\u9019\u7a2e\u65b9\u6cd5\u53ea\u6d89\u53ca\u6536\u5165\u2014\u2014\u800c\u4e0d\u662f\u4f60\u7684\u672c\u91d1\u3002<\/p>\n\n\n\n

— > \u6f5b\u5728\u7f3a\u9ede\uff1a<\/mark><\/strong>\u4f60\u4e0d\u6703\u6bcf\u5e74\u63d0\u53d6\u76f8\u540c\u6578\u91cf\u7684\u8cc7\u91d1\uff0c\u4e26\u4e14\u53ef\u80fd\u6703\u88ab\u901a\u8ca8\u81a8\u8139\u4fb5\u8755\u3002\u901a\u5e38\u8f03\u9069\u5408\u672c\u91d1\u975e\u5e38\u5927\u7684\u6295\u8cc7\u4eba\u3002\u53e6\u5916\uff0c\u82e5\u4f01\u696d\u7372\u5229\u5dee\u6216\u666f\u6c23\u5dee\u6642\uff0c\u53ef\u80fd\u9818\u5230\u7684\u91d1\u984d\u6e1b\u640d\u8a31\u591a\u3002<\/p>\n\n\n\n

\n\n\n\n

5\u3001\u6c34\u6876\u63d0\u9818\u7b56\u7565\u662f\u4ec0\u9ebc\uff1f( withdrawal \u201cbuckets\u201d strategy )<\/h2>\n\n\n\n

\u4f7f\u7528 \u201c\u6c34\u6876\u201d \u63d0\u9818\u7b56\u7565\uff0c\u60a8\u53ef\u4ee5\u5f9e\u4e09\u500b \u201c\u6c34\u6876\u201d \u6216\u6301\u6709\u4e0d\u540c\u985e\u578b\u8cc7\u7522\u7684\u7684\u8cec\u6236\u4e2d\u63d0\u9818\u91d1\u984d\u3002<\/mark><\/strong><\/p>\n\n\n\n

\u5728\u9019\u7a2e\u7b56\u7565\u4e0b\uff0c\u7b2c\u4e00\u500b \u201c\u6c34\u6876\u201d \u53ef\u4ee5\u5b58\u653e\u4e00\u5b9a\u6bd4\u4f8b\u7684\u73fe\u91d1\u8207\u5132\u84c4\uff0c\u901a\u5e38\u662f\u4e09\u5230\u4e94\u5e74\u7684\u751f\u6d3b\u8cbb\u7528\u3002<\/p>\n\n\n\n

\u7b2c\u4e8c\u500b \u201c\u6c34\u6876\u201d \u4e3b\u8981\u6301\u6709\u8f03\u4fdd\u5b88\u7684\u56fa\u5b9a\u6536\u76ca\uff0c\u7b2c\u4e09\u500b\u201c\u6c34\u6876\u201d\u70ba\u8f03\u7a4d\u6975\u578b\u7684\u80a1\u7968\u6295\u8cc7\u3002<\/p>\n\n\n\n

\u5728\u9000\u4f11\u521d\u671f\uff0c\u4f60\u5148\u4f7f\u7528\u7b2c\u4e00\u500b \u201c\u6c34\u6876\u201d \u4e2d\u7684\u73fe\u91d1\uff0c\u901a\u904e\u7559\u51fa\u5e7e\u5e74\u7684\u6642\u9593\uff0c\u7406\u60f3\u60c5\u6cc1\u4e0b\uff0c\u4f60\u53e6\u5916\u5169\u500b\u6c34\u6876\u7684\u6295\u8cc7\u5c07\u6709\u66f4\u591a\u6642\u9593\u589e\u9577\uff0c\u5f85\u7b2c\u4e00\u500b\u6c34\u6876\u5c07\u8017\u76e1\u6642\uff0c\u53ef\u4ee5\u958b\u59cb\u4f7f\u7528\u7b2c\u4e8c\u500b\u548c\u7b2c\u4e09\u500b\u6c34\u6876\u7684\u6536\u5165\u4f86\u88dc\u5145\u5b83\u3002<\/mark><\/strong><\/p>\n\n\n\n

— > \u6f5b\u5728\u512a\u52e2\uff1a<\/mark><\/strong>\u9019\u7a2e\u65b9\u6cd5\u53ef\u4ee5\u8b93\u5132\u84c4\u96a8\u8457\u6642\u9593\u7684\u63a8\u79fb\u800c\u6301\u7e8c\u589e\u9577\u3002\u900f\u904e\u4e0d\u65b7\u6aa2\u67e5\u4f60\u7684\u8cc7\u91d1\uff0c\u9084\u53ef\u4ee5\u5c0d\u8cc7\u7522\u7684\u63a7\u5236\u611f\u4e2d\u53d7\u76ca\u3002<\/p>\n\n\n\n

— > \u6f5b\u5728\u7f3a\u9ede\uff1a<\/mark><\/strong>\u9019\u7a2e\u65b9\u6cd5\u8017\u6642\u4e14\u8017\u529b\uff0c\u4e0d\u592a\u5bb9\u6613\u64cd\u4f5c\uff0c\u9700\u8981\u8907\u96dc\u7684\u6f14\u7b97\u3002<\/p>\n\n\n\n

\n\n\n\n

6\u3001\u52d5\u614b\u63d0\u9818\u7b56\u7565\u662f\u4ec0\u9ebc\uff1f ( dynamic withdrawal strategy )<\/h2>\n\n\n\n

\u9019\u7a2e\u65b9\u6cd5\u5982\u5176\u540d\u5b57\uff0c\u6c92\u6709\u4e00\u500b\u56fa\u5b9a\u7684\u63d0\u9818\u91d1\u984d\uff0c\u63d0\u9818\u91d1\u984d\u6703\u52d5\u614b\u8abf\u6574\u3002<\/p>\n\n\n\n

\u4e3b\u8981\u6703\u6839\u64da\u6295\u8cc7\u5e02\u5834\u5831\u916c\u7684\u8868\u73fe\u8207\u500b\u4eba\u907a\u7522\u91d1\u984d\u7684\u671f\u5f85\uff0c\u5728\u80fd\u5920\u6eff\u8db3\u6700\u4f4e\u751f\u6d3b\u652f\u51fa\u7684\u60c5\u6cc1\u4e0b\uff0c\u6975\u5927\u5316\u9000\u4f11\u5f8c\u6bcf\u5e74\u7684\u63d0\u9818\u91d1\u984d\uff0c\u63d0\u9818\u91d1\u984d\u6703\u52d5\u614b\u8abf\u6574\u3002<\/mark><\/strong><\/p>\n\n\n\n

\u767d\u8a71\u4f86\u8aaa\uff0c\u6295\u8cc7\u5831\u916c\u597d\uff0c\u63d0\u9818\u91d1\u984d\u8f03\u591a\uff0c\u6295\u8cc7\u5831\u916c\u5dee\uff0c\u63d0\u9818\u91d1\u984d\u8f03\u5c11\uff0c\u4f46\u6700\u5c11\u4e00\u5b9a\u8981\u6eff\u8db3\u6700\u4f4e\u751f\u6d3b\u652f\u51fa\u7684\u91d1\u984d\u3002<\/p>\n\n\n\n

\u9019\u7a2e\u5f48\u6027\u65b9\u6cd5\u80fd\u5920\u4fdd\u8b77\u9000\u4f11\u8005\u514d\u65bc\u9577\u58fd\u98a8\u96aa\uff0c\u540c\u6642\u96a8\u8457\u6642\u9593\u5c07\u82b1\u8cbb\u91d1\u984d\u589e\u81f3\u6700\u5927\u3002<\/p>\n\n\n\n

— > \u6f5b\u5728\u512a\u52e2\uff1a<\/mark><\/strong>\u9019\u7a2e\u65b9\u6cd5\u8b93\u9000\u4f11\u5f8c\u7684\u63d0\u9818\u91d1\u984d\u6975\u5927\u5316\uff0c\u6eff\u8db3\u60f3\u8981\u4eab\u53d7\u9000\u4f11\u751f\u6d3b\u7684\u65cf\u7fa4\uff0c\u53e6\u5916\uff0c\u4e5f\u80fd\u5920\u6eff\u8db3\u6b32\u7559\u4e0b\u907a\u7522\u7684\u898f\u5283\u3002<\/p>\n\n\n\n

— > \u6f5b\u5728\u7f3a\u9ede\uff1a<\/mark><\/strong>\u9019\u7a2e\u65b9\u6cd5\u9700\u8981\u4f9d\u9760\u5f37\u5927\u7684\u7cfb\u7d71\u6f14\u7b97\uff0c\u63d0\u9818\u91d1\u984d\u6bcf\u5e74\u4e5f\u4e0d\u4e00\u5b9a\uff0c\u8f03\u96e3\u9810\u4f30\u63d0\u9818\u91d1\u984d\u3002<\/p>\n\n\n\n

\n\n\n\n

\u6c92\u6709\u6700\u597d\u7684\u9000\u4f11\u63d0\u9818\u65b9\u5f0f\uff0c\u9069\u5408\u5c31\u662f\u6700\u597d<\/h2>\n\n\n\n

\u4ee5\u4e0a\u4ecb\u7d39 6 \u7a2e\u9000\u4f11\u63d0\u9818\u7b56\u7565\u7684\u65b9\u5f0f\uff0c\u4f60\u6703\u767c\u73fe\u90fd\u4e00\u5b9a\u6709\u512a\u7f3a\u9ede\uff0c\u6709\u4e9b\u8a08\u7b97\u65b9\u5f0f\u7c21\u55ae\uff0c\u6709\u4e9b\u9700\u8981\u7cfb\u7d71\u5e73\u53f0\u6f14\u7b97\u8f14\u52a9\uff0c\u4f46\u7c21\u55ae\u7684\u65b9\u6cd5\uff0c\u901a\u5e38\u96e3\u4ee5\u56e0\u61c9\u5e02\u5834\u7684\u8b8a\u5316\uff0c\u6240\u4ee5\u4e26\u6c92\u6709\u7d55\u5c0d\u597d\u7684\u65b9\u5f0f\u3002<\/p>\n\n\n\n

\u4f60\u53ef\u4ee5\u6df7\u5408\u642d\u914d\u4e0a\u8ff0\u65b9\u6cd5\uff0c\u4ee5\u6839\u64da\u4f60\u500b\u4eba\u7684\u60c5\u6cc1\u5236\u5b9a\u6700\u4f73\u9000\u4f11\u63d0\u9818\u8a08\u5283\uff0c\u6216\u662f\u8207\u81ea\u5df1\u7684\u8ca1\u52d9\u9867\u554f\u8a0e\u8ad6\uff0c\u53e6\u5916\uff0c\u963f\u723e\u767c\u900f\u904e\u5927\u6578\u64da\u6a21\u64ec\uff0c\u8b93\u4f60\u53ef\u4ee5\u8f15\u9b06\u898f\u5283\u81ea\u5df1\u7684\u9000\u4f11\u63d0\u9818\u65b9\u5f0f\u3002<\/p>\n\n\n\n

\u91cd\u9ede\u4e0d\u662f\u4f60\u63a1\u7528\u4f55\u7a2e\u65b9\u5f0f\uff0c\u800c\u662f\u4f60\u958b\u59cb\u63a1\u7528\u5f8c\uff0c\u6709\u6c92\u6709\u5b9a\u671f\u6aa2\u8996\u72c0\u6cc1\u8207\u4fdd\u6301\u7d00\u5f8b\u5730\u9075\u5b88\uff0c\u624d\u80fd\u78ba\u4fdd\u5728\u9000\u4f11\u5f8c\u8cc7\u7522\u4e0d\u6703\u8017\u76e1\u7684\u98a8\u96aa\u3002<\/mark><\/strong><\/p>\n\n\n","protected":false},"excerpt":{"rendered":"

\u73fe\u4eca\u79d1\u6280\u8207\u91ab\u7642\u7684\u9032\u6b65\uff0c\u4f7f\u5f97\u4eba\u53e3\u8001\u9f61\u5316\u5df2\u6210\u70ba\u65e2\u5b9a\u7684\u4e8b\u5be6\uff0c\u96a8\u8457\u9577\u58fd\u8207\u4f4e\u5229\u7387\u7684\u74b0\u5883\uff0c\u653f\u5e9c\u9000\u4f11\u91d1\u7684\u63d0\u4f9b\u5df2\u7d93\u7121\u6cd5\u6eff\u8db3\u9ad8\u9f61 […]<\/p>\n","protected":false},"author":2,"featured_media":4802,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[127,146,271,468],"class_list":["post-4801","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-16","tag-127","tag-146","tag-271","tag-468"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"_links":{"self":[{"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/posts\/4801","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4801"}],"version-history":[{"count":0,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/posts\/4801\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/media\/4802"}],"wp:attachment":[{"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}