| 释义 |
Spending Phase Spending PhaseThe 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. |