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.

单词	spending phase
释义	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.
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