New York, NY, September 02, 2009 --(PR.com
)-- As teachers return to the classroom this fall, First Investors Corporation is reminding them to educate themselves about their retirement options.
One advantage public school employees have is the ability to open a 403(b) account to invest for their retirement. Contributions made to a traditional 403(b) will be deducted before taxes, and interest will grow tax deferred until the employee is ready to withdraw it.
A 403(b) is an excellent way to build a nest egg, and the sooner a person can begin contributing to an account, the more time it will have to grow. That is why First Investors is encouraging all eligible teachers to get started, and open a 403(b) account this fall.
Educators who have already opened 403(b) accounts, and are concerned about how the recent downturn has affected their investments, are encouraged to speak with a financial professional, such as a First Investors Financial Services Representative. Now may be the right time for them to adjust their current strategies and rebalance their assets among stocks, bonds and cash to a mix that better suits their needs.
“Teachers have a very difficult and important job,” said Robert M. Flanagan, President of First Investors Corporation. “That is why we want to make investing for retirement easier for them. At First Investors, our representatives work with school districts and their employees nationwide, providing quality products and services for their 403(b) programs. This fall, we hope to help even more educators with their 403(b) needs.”
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