Of course, us little poor widows with tiny IRAs are being told not to “panic” and hang tough, while the billionaires freak out, sell sell sell, and leave us with nothing.
See posts 50 and 61
Way back prior to ...months prior to the 2008 election, they were already making plans to protect your little IRA, 401K, etc.
That plan has been maturing now for nearly a decade and they now need a ‘crisis’ to implement it.
As I retired last year, I intentionally took a lump sum to the extent of the law in every account. I’d had the accounts cut in half twice before. All the annuity numbers I was given looked miniscule compared to my own future value calculations. The only conclusion for me was that the number crunchers at the financial houses were building in a huge drop in value of the funds.