Popularity of Roth 401(k)s rises among young investors

07/25/2013 | Financial-Planning.com

Nearly 17% of under-30 investors in Wells Fargo-administered defined-contribution plans chose Roth 401(k)s in the first quarter of 2013, an increase from 15.2% a year earlier, the company said. "This suggests that they are aware that their tax rates will likely go up as they age," said Laurie Nordquist, director of Wells Fargo Retirement. Meanwhile, only 4% of participants in their 60s invested in Roth 401(k)s.

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