Of means tested programs and IRA's,which lower the rate of return on saving?
A)Both means-tested programs and IRA's.
B)Means-tested programs,but not IRA's.
C)IRA's but not means-tested programs.
D)Neither means-tested program,or IRA's.

Question

Quizplus · Accepted Answer

Means-tested programs can lower the rate of return on saving because they reduce benefits as income or assets increase, creating a disincentive to save. IRA's, on the other hand, are designed to encourage saving by offering tax advantages.

Of Means Tested Programs and IRA's,which Lower the Rate of Return