Updated Thursday, April 24, 2014 as of 10:04 PM ET
Practice - Retirement Planning
Gen Y = Gen Roth 401(k)
by: Donald Jay Korn
Wednesday, July 24, 2013
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As Roth 401(k) plans continue to spread, young workers increasingly are voting to go Roth. In the first quarter of 2013, 10% of all participants in Wells Fargo-administered defined contribution plans contributed to a Roth 401(k), when available, up from 8.9% a year earlier. Leading the way were employees under age 30: 16.9% chose the Roth route, a jump from 15.2% participation in last year’s first quarter. (Only 4% of participants in their 60s chose the Roth version this year.)

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