Filippobacci | E+ | Getty ImagesRetirement savers, take note: more employers have added a Roth savings option to their workplace 401(k) plans. That's up from 89% in 2022 and 62% a decade ago, according to the survey, which polled more than 700 employers with 401(k) plans of varying size. How Roth, pretax 401(k) savings differRoth refers to how retirement savings are taxed. So, a Roth 401(k) lets higher earners access a Roth account directly, and allows all savers to contribute more money to a Roth account than they could otherwise. Why Roth 401(k) adoption will increaseMore savers will likely soon have a Roth 401(k) option available to them if they don't already.

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Persons: Roth, Olga Ismail, — Roth, Ismail Organizations: of America, Finance, Biden, Medicare