3/31/2013 – Waiting periods can be costly for workers (Boston Globe)

At 33 years old, Nimesh Trivedi owns a home and is saving money with his wife for their children’s education. But investing for retirement had not been a priority.

That changed when Trivedi recently took a job at Massachusetts Mutual Life Insurance Co. in Springfield, where colleagues encouraged him to join the company’s 401(k) retirement plan right away. Trivedi’s last employer had a waiting period to join the retirement program, and eventually he just forgot about it.

Now that he has access to an attractive plan — available on day one, with a generous match from the company — Trivedi wishes the opportunity had come sooner. “We missed out on so much,” he said.

Read the full article at the Boston Globe.

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