Spending Phase

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.
References in periodicals archive ?
Unfortunately, experts nearly universally agree that the spending phase of retirement planning is much more subtle and potentially difficult to control than the relatively straightforward effort of accumulation.
is term it has been a dierent story with both teams spending phase two in the bottom six.
The spending phase is where we are subject to the most risk because too many variables are unknown.
Minco will initially make a firm commitment to earn a 10% interest in CMC by spending phase one expenditures of $1.
The spending phase announced comes on the heels of a forecast presented by the Washington-based Institute of International Finance (IIF) that the country's real GDP will grow by 13.
However, the time horizon shortens over this period to arrive at the spending phase.
I've always tried to console myself by feeling my accumulation of debt demonstrates a certain flair, at least while the spending phase is in motion.
I was already in a pull back from spending phase and will continue this.
But there has been relatively little focus on the spending phase - the years in retirement when employees need to turn those accumulated assets into their primary source of sustainable spending.
The income portfolios are designed for investors who are in the spending phase of their lives, and offer three levels of income generation based on the client's individual needs.
The book argues that not only are there inefficiencies in the current system during the accumulation phase - such as wasteful investment management practices - but there are also inefficiencies in the spending phase after retirement, to which too little attention is paid.
Over the course of our lives, this "retirement planning pendulum" will swing from the beginning of our working years on through retirement: from the retirement savings phase through the retirement spending phase.