U.S.Senator Thompson proposes an "incentivized IRA" bill that would encourage savings among people who do not have an employer-sponsored retirement plan.One key incentive is:
A) making a single choice to automatically save from each paycheck rather than deciding whether or not to save when each paycheck arrives.
B) searching for a better job,even while staying at one's current job.
C) mandating an earlier retirement age to strengthen the need to start saving earlier.
D) creating a negative income tax so that lower-income workers get cash back each year that they can put into savings.
Correct Answer:
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