In financial planning, there is “accumulation” and there is “decumulation”. “Accumulation” is the phase of acquiring assets that can provide you with a income when the process of accumulation stops. “Decumulation” is the reverse – when you stop “accumulation” and rely on the invested assets to give you the yields and income required when you stop working. When to commence “decumulation” is important because your assets may face different market conditions that either result in higher or lower yields. Check out this article for details.