A government incentive that encourages individuals to save for retirement given the tax benefit they stand to gain is contribution matching:
Roth IRA is a special type of IRA which is different from the traditional IRAs with regard to how tax is being deducted.
ROTH IRA, which is named after Senator William Roth, is an individual retirement account (IRA), whereby individuals pay taxes on money that enters the account.
However, they can individuals can later in the future make withdrawals that are tax-free from the account. This tax benefits being offered encourages people to save for retirement.
Therefore, a government incentive that encourages individuals to save for retirement given the tax benefit they stand to gain is contribution matching:
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