First Investors Encourages Clients to Contribute to Their IRAs

New York, NY, March 11, 2009 - Income tax returns are due shortly, but many investors may still have a chance to take one more deduction.

Americans have until filing day—April 15, 2009—to contribute to their Traditional IRAs and potentially claim a deduction on their 2008 tax returns. The contribution limit for tax year 2008 is $5,000—and investors age 50 or older are also eligible to make an additional "catch-up" contribution of $1,000.

Some IRA investors will be able to take a tax deduction this year—and all have the potential to gain from the tax-deferred growth of their IRA investments. For these reasons, contributing as much as you can to an IRA is always a good idea.

"Statistics show that the average IRA balance is extremely low, yet an increasing number of people will have to fund their own retirements," said Robert M. Flanagan, President of First Investors Corporation. "That's why First Investors and its representatives are encouraging clients to contribute to their IRAs this tax year, and beyond."

First Investors Financial Services Representatives do not offer tax or legal advice. Please consult your personal tax and legal advisers before making tax-related investment decisions.

First Investors has been in business since 1930. During that time we have successfully navigated many difficult economic periods in our nation’s history. Through the personalized service of financial services representatives located in our nationwide network of offices, First Investors uses a face-to-face approach to offer a range of products and services, including mutual funds, annuities and life insurance. Our representatives understand the cyclical nature of the markets, and work closely with clients to establish a disciplined approach to achieving long-term financial goals.

For more information on any First Investors fund, you may obtain a free prospectus by calling (800) 423-4026; writing to First Investors Corporation, 110 Wall Street, New York, NY 10005; or visiting the website www.firstinvestors.com. You should consider the investment objectives, risks, charges and expenses of the fund carefully before investing. The prospectus contains this and other information about the fund, and should be read carefully before investing. An investment in a fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. Past performance is no guarantee of future results.

First Investors Corporation
Executive Office
110 Wall Street
New York, NY 10005
(800) 423-4026
www.firstinvestors.com

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