Once the fix is in to nationalize retirement assets, then means testing will redistribute them.
Imagine your pension fund (made up of your earnings you chose to defer or to save or to invest) being run by the people now running our economy into the ground. The economic geniuses who call tax cuts “spending” and unemployment checks and rampant govt pork spending “stimulus”
Imagine your pension being managed by the people who run the Post Office.
Retirees who own their own homes mortgage free, being “wealthy”, will get only half a mule. Actually a piece of paper entitling them to half a mule, payable over 10 years.
Once you begin to hear that they are raising the penalties/fines/fees for early withdrawal, that’s right before they take your IRA.
Anyone who thinks that the govt will not eventually take over your IRA is being naive. Even if its 25years from now. Too much money.