https://longevity.stanford.edu/wp-content/uploads/2017/05/new-logo2-01-300x107.png 0 0 admin https://longevity.stanford.edu/wp-content/uploads/2017/05/new-logo2-01-300x107.png admin2013-04-01 16:19:042013-04-01 16:19:043/31/2013 - Waiting periods can be costly for workers (Boston Globe)
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.