18th Annual Retirement Confidence Survey Finds that

American Retirement Confidence has Dropped to its Lowest Level in the Surveys History Daniel J. Houston (pronounced HOW-ston), President, Retirement and Investment Services, the Principal Financial Group Jack VanDerhei, Ph.D., CEBS, Employee Benefit Research Institute (EBRI) Fellow, Faculty member, Temple University Background: According to the 18th annual Retirement Confidence Survey (RCS), American retirement confidence reached its lowest level in the surveys history in 2008. The findings of the survey also reveal a decline in workers confidence that they will have enough money to live comfortably throughout their retirement. Financial expert Daniel Houston and Jack VanDerhei, Temple University and EBRI, will be available to discuss the complete survey results and help your viewers get on the right financial track. Topics of discussion will include: Highlights and major findings from the 2008 RCS Worker confidence about having enough money for retiree medical expenses has decreased. Strategies to achieve financial goals; tips for saving for retirement and other important life stages. Public confidence about the future of Social Security, Medicare and pensions. *** Results of the 2008 RCS are Ebargoed Until April 9, 2008 12:01 AM ET *** * The Retirement Confidence Survey (RCS) is a comprehensive study on the attitudes and behaviors of American workers and retirees toward all aspects of saving, retirement planning, and long-term financial security. The RCS contains a core set of questions that is asked annually, providing trend data on how peoples views towards a variety of money management issues have changed over time. More About Dan Houston AND Jack VanDerhei: Daniel Houston is President of retirement services at the Principal Financial Group. The Principal, the nations 401(k) leader and a Fortune 500 company, specializes in helping American workers achieve financial and retirement security. Houston, a well-known retirement security expert, frequently appears before policymakers and the media on key issues. Jack VanDerhei is a faculty member at Temple University’s School of Business and Management (Department of Risk, Insurance, and Healthcare Management) and the Research Director of the EBRI Fellow’s Program . He is currently the project director of both the Defined Contribution and Participant Behavior Research Program and the Retirement Security Research Program ?