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Spending Phase |
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Spending Phase The time of one's life during retirement. The spending phase is the period during which one accepts payments from an annuity, pension, or a similar fund. Income almost always declines during the spending phase (unless one has a particularly fantastic pension), but expenses are usually less as well. For this reason, some companies market luxury products, such as cruises or vacations, to persons in the spending phase; they have few other items on which to spend their money. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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