But the new plan is to increase the retirement savings, how can we assume that the other savings accounts are for their retirement savings? If they have deposited the money for temporary purpose and if they have moved to the new account now then the plan is working right?
'atleast some' is bothering me in A but I am with it.
It says ,tax will be exempted the money is not withdrawn..so if no tax is exempted..this plan will be no different from the plans that tax people...
So the success of this plan would for sure depend on the withdrawal...
I go with A...
Let us get the Official Answer
Both E, my initial choice, and B seem to strengthen the conclusion. The plan will only succed if people do not withdraw atleast some amount of money and hence that money is utilized during people's retirement.
Last edited by NishantG; 10-07-2008 at 11:54 AM.
Reason: Changed the answer after reviewing
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