Then one moves their savings elsewhere. Like offshore.
There are other ways to save your money, go back to freezers, mattresses, burying in the back yard.
Problem is, people aren’t really saving anyway, so if someone reaches 3mil in an IRA, that is no small feat and I believe they have savings/investments elsewhere as well.
Funny to see outrage about saving 3mil, is seems like a challenge to me to actually get to that point. Come on, lets do it! I am going for it, my new goal is to take on the government, be part of the .03% with 3m in n IRA.