Once the funds are earmarked in retirement accounts, the prospect of taxes and penalties for early withdrawals might induce some households to save more outside of retirement accounts to achieve nonretirement goals.
When the funds are in retirement accounts, taxes and penalties for early withdrawals might make people save more outside of retirement accounts.
mnli hypothesis: When the funds are in retirement accounts, taxes and penalties for early withdrawals might make people save more outside of retirement accounts. premise: Once the funds are earmarked in retirement accounts, the prospect of taxes and penalties for early withdrawals might induce some households to save more outside of retirement accounts to achieve nonretirement goals.