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What is the difference between a gross and net withdrawal from a retirement fund?
Wiki User
∙ 10y ago
Gross withdrawal . . . - the amount taken out of your fund;
- the amount that your fund shrinks;
- the amount smaller your fund becomes;
- the dollars you won't see again. Net withdrawal . . . - the amount you actually get;
- the amount handed to you after the bank or fund takes their fee
as a token consideration in return for the intense discomfort that
they had to suffer while storing and handling your money.
Wiki User
∙ 10y ago
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The difference between a gross and net withdrawal from a fund has to do with how much money you will receive. The gross withdrawal is the amount taken out of your fund which includes fees that you will not get to keep, the net withdrawal is the amount you receive after the bank's fees and any others are taken out.
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