One of the main goals of investing is to provide for income in retirement – spending! A critical part of any retirement plan is a spending plan (which is not the same as a budget!), that sets out how much money can be safely spent each year, and how this amount may vary depending on changing circumstances and changing market returns. Ultimately, a good spending plan helps keep clients’ investments on track. - Tim Farrelly, farrelly's Investment Strategy. Earn 0.25 CE/CPD hrs on Portfolio Construction Forum