diff --git a/src/lib/calculations.ts b/src/lib/calculations.ts
index b148eae..160a302 100644
--- a/src/lib/calculations.ts
+++ b/src/lib/calculations.ts
@@ -187,13 +187,42 @@ export function computePlan(plan: PlanInput): PlanComputed {
     }
 
     // --- Elemente dieser Phase berechnen ---
+    const orderedElements = [...plan.elements].sort((a, b) => a.orderIndex - b.orderIndex);
+
+    // --- Vorlauf: Quoten-Vorzeichen bestimmen (Einkommen inkl. Renten minus Ausgaben) ---
+    // Wird VOR der Element-Schleife gebraucht, damit sonstiges Vermoegen in Verzehrphasen
+    // die Rate abzieht (Bezug) statt sie zu addieren (Sparen).
+    let preIncome = 0;
+    let preExpense = 0;
+    for (const e of orderedElements) {
+      const carry = carries.get(e.id)!;
+      if (carry.status !== "ACTIVE") continue;
+      const pd = e.phaseValues[phase.id] ?? {};
+      const owner = e.ownerRole && e.ownerRole !== "HOUSEHOLD" ? personByRole(persons, e.ownerRole) : null;
+      const ownerWorking = owner ? workingByPerson.get(owner.id) ?? false : anyWorking;
+      switch (e.category) {
+        case "INCOME":
+          preIncome += Math.round(num(pd.amount));
+          break;
+        case "EXPENSE":
+          preExpense += Math.round(num(pd.amount));
+          break;
+        case "AHV":
+          if (owner && !ownerWorking) preIncome += ahvFinal.get(owner.id) ?? 0;
+          break;
+        case "PENSION_FUND":
+          if (!ownerWorking && carry.pkPensionAnnual > 0) preIncome += carry.pkPensionAnnual;
+          break;
+      }
+    }
+    const isConsumptionPhase = preIncome - preExpense < 0;
+
     const elementsComputed: ElementPhaseComputed[] = [];
     let incomeTotal = 0;
     let expenseTotal = 0;
     let quotaAllocated = 0;
     let capitalUsed = 0;
 
-    const orderedElements = [...plan.elements].sort((a, b) => a.orderIndex - b.orderIndex);
     for (const e of orderedElements) {
       const carry = carries.get(e.id)!;
       const pd = e.phaseValues[phase.id] ?? {};
@@ -312,11 +341,13 @@ export function computePlan(plan: PlanInput): PlanComputed {
           ec.startValue = start;
           ec.capitalUse = topUp;
           capitalUsed += topUp;
-          // In Erwerbsphasen Sparbeitrag, in Verzehrphasen Bezugsrate -- beides zaehlt gegen
-          // die Quote (Vorzeichen ergibt sich aus der Phasenquote).
+          // In Erwerbsphasen Sparbeitrag (wird eingezahlt/waechst), in Verzehrphasen
+          // Bezugsrate (wird entnommen/mindert das Vermoegen). Beides zaehlt betragsmaessig
+          // gegen die Quote.
           ec.quotaUse = contribution;
           quotaAllocated += contribution;
-          ec.endValue = growAsset(start, r, contribution, phase.durationYears);
+          const annual = isConsumptionPhase ? -contribution : contribution;
+          ec.endValue = growAsset(start, r, annual, phase.durationYears);
           ec.summary = fmt(ec.endValue);
           break;
         }