Sorry to bring it back in then.
No need to apologize, I lost control of this thread many moons ago...
Sorry to bring it back in then.
The assumption that $1 million in savings/retirement accounts makes a retiree rich is really laughable.
As some of us tried to point out, the ignoramuses (read majority of the people) do not understand the 4%SWR. As Firedreamer points out, perception may become political reality. What if they decide that these "rich" people must be soaked, or their SS reduced? Who cares if you have been a LBYM'er? The fact is that you have "more", and must "share".
I hope it will not happen, but stranger things have happened in my life.