The third phase of the financial life cycle can be very comfortable for those who have adequately saved for it. Rather than accumulating more wealth at this point (for the average person), financial health is about not spending more than you have coming in and beginning to think about what will become of assets when they’re gone. During this stage, individuals should start to think seriously about gifting and estate distribution, choosing a financial power of attorney, and ensuring that their affairs are put together as they wish.