SPIAs, Suitability and Economic Value

The trend of fixed-pension incomes being replaced by baskets of assets continues. At the same time, one's home is an asset that is always presumed to be secure and safe -- without fail. Yet here, the subprime debacle is rewriting the value of America's most treasured asset. As markets change and forces converge, aggregate economic consumption is not being sustained by income or revenue growth. Instead, aggregate consumption is likely being fueled by asset sales such as homes, equities, savings accounts and depletions of IRA and 401(k) accounts by post-retirees.

SPIAs, Suitability and Economic Value
Source: Producers Web