this is the plan....cause you to withdraw, and with inflation consume at a higher rate, thus you and up at the mercy of Obamacare where they can euthanize you because you are no longer viable
They are drawing money out because they are in desperate need of money to live on. NOBODY withdraws 401K or IRA money before 59 1/2 without a desperate need because of the huge penalties and tax implications caused by such a move. Remember, those with this type of savings are generally middle class and often professional and educated people.
Responsible people who saved their whole lives are being forced into poverty because their previous jobs have gone. They are in their late forties and early fifties and they are unable to get ANYTHING in their area of knowledge or field and any open jobs are going to the young because they are able to work for much less, are usually single (much cheaper to insure), and have a fifty percent unemployment rate.
There is real desperation out there and it effects real people. Many who have done everything right their whole lives. Their lives are burning while O’Bumbler and the Democrats fiddle.
I’ve been thinking of withdrawing my IRA to avoid confiscation. I’m 60 te
years old and had hoped to keep it longer, but I don’t trust this president. The question is where to put it. I need something the greedy b-tard can’t touch.