实用指南

累积型与分配型

这不是理念之争，而是与你的人生阶段和现金流需求有关。

要点

With accumulation, dividends stay inside the fund and are reinvested.

With distribution, you receive periodic cash and then decide whether to spend it or reinvest it.

Usually during the capital-building phase, when the goal is long-term growth with fewer decisions.

It also reduces the number of operational choices you have to make.

It can make sense when you want regular cash flow, for example during decumulation.

You still need to evaluate tax impact and the sustainability of the full plan.

Define your phase: building capital or seeking cash flow. Once the why is clear, the product choice becomes simpler.

信息和教学内容：不构成个性化财务建议。