Unless consumer spending goes up significantly (also possible, and also good for the economy), the actual funds will likely get rolled into other investments af

Unless consumer spending goes up significantly (also possible, and also good for the economy), the actual funds will likely get rolled into other investments after paying taxes, though. That's what I did after inheriting my dad's IRA: I didn't need the money, so it came out as an RMD and then went straight back into a different investment account. I guess it could also go toward the down payment of a house, inflating the housing market even more. If lots of old people die the stock of houses on the market should go way up though, somewhat blunting the impact of this.