The spending phase is when earned income (such as wages) ends and investment income is needed from accumulated retirement and non-retirement funds to meet living expenses.
However, the time horizon shortens over this period to arrive at the spending phase. During this phase, the client typically can tolerate moderate to higher risk in order to achieve higher returns.
Many US aid-funded reconstruction projects entered their "spending phase
" earlier this year, when allocated funds started turning into "cheques going out the door", US officials say.
Now that the company's partner in Donlin Creek--Placer Dome--has taken over operatorship and that giant-sized project's next spending phase
, NovaGold can focus on its new goal of becoming a major gold producer in Alaska.
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."
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.
I explain it to my clients this way: "Your growing phase is ending, and you are now embarking on your spending phase
." The spending phase
is where we are subject to the most risk because too many variables are unknown.
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 13.9 per cent this year and 10.2 per cent in 2011.