First Investors Celebrates National Save for Retirement Week

New York, NY, October 15, 2008 - Congress has declared October 19-25, 2008 to be National Save for Retirement Week. Currently, traditional sources of retirement income—such as corporate pensions and Social Security—are being called into question, while many costs, such as health care, are rising. This initiative reflects the need for Americans to take a more active approach in preparing for their own retirement.

"Now that many of the 79 million members of the Baby Boom generation are approaching retirement, the question about how retirees will support themselves in an era of dwindling pensions and rising health care costs has become a vital topic," says Robert M. Flanagan, President of First Investors Corporation. "Initiatives such as National Save for Retirement Week and the Pension Protection Act—which, among other things, allows employers to automatically enroll employees in a defined-contribution plan such as a 403(b)—are evidence that saving for retirement has become an issue of national importance."

First Investors offers a wide array of mutual funds, life insurance and annuities, as well as 403(b)s and IRAs, which can aid people with their retirement preparations. In addition, First Investors Financial Services Representatives offer personalized service to each and every client, making home visits and assuring that investors' portfolios are in line with their needs and goals.

In honor of National Save for Retirement Week, First Investors and its representatives will be making a concentrated effort to educate clients about their retirement savings options, such as workplace contribution programs and IRAs. With the help of new educational materials and First Investors' unique Retirement Needs Analysis, representatives will provide free retirement information to clients during National Save for Retirement Week, and beyond.

"Helping our clients prepare for long-term goals, such as retirement, has always been our top priority at First Investors," says Mr. Flanagan. "We hope that by promoting the message of National Save for Retirement Week, we can increase awareness of the importance of personal retirement savings, as well as help many Americans attain these financial goals."

First Investors has been serving the needs of investors since 1930. Through the Great Depression, World War II, numerous recessions and bull and bear markets alike, the Company has remained committed to its mission—helping clients reach their financial goals. Today, First Investors offers a wide range of financial products and services, including mutual funds, annuities, and life insurance. The Company prides itself on delivering financial services with a “personal touch.” A First Investors Financial Services Representative is a licensed professional who will take the time to learn about your current financial situation and future goals in order to assist you with your financial needs. .

First Investors Corporation
110 Wall Street
New York, NY 10005-3830
1-800-832-7783
www.firstinvestors.com

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