subject: CEO Tim Phillips says Time to Reevaluate 401k Strategies States [print this page] CEO Tim Phillips (of Phillips and Company) has been a pivotal player in deciphering the best move in regards to the 401k of thousands of employees across Oregon State and also the country. In 2008 the stock market plunged to low points that hadn't been seen for decades. Sure, the stock market may now be clawing its way back into a semblance of normalcy however, to get the point where it was prior to 2008 or even 2005 it will require a great deal of work which is nowhere near over. CEO Tim Phillips has stated that the more recent surge of activity and resultant growth might be the best time to stand back and reevaluate the strategies surrounding long term investment and 401k and retirement packages to best suit companies and individuals to keep everyone on track.
CEO Tim Phillips has stated that a possible course of action may include looking at moving 401k packages and money into lower risk and longer term investment funds to ensure that they are given a stable rate of growth over the long term rather than quick bursts of growth that come with transferring the funds from investment to investment. With this form of investment it becomes smarter for the individual to take some control over what goes into the 401k fund as the more that is contributed the more that can become of it over the longer term. CEO Tim Phillips states that this may be the best way for many people to keep their retirement on track.
CEO Tim Phillips also states that this method can be better for the company because it reduce overheads associated with maintaining the 401k program in place for their employees. It puts the power back into the hands of the employee and ensures that the employee has adequate responsibility over their retirement funds that will essentially come from adequate management of their 401k. CEO Tim Phillips' company has been responsible for overhauling the 401k system for a variety of different companies including Signature Northwest. CEO Tim Phillips' company has offered mentor and individual support for the employees whilst guiding the company in ways to reduce their costs associated with 401k management for a large amount of employees.
CEO Tim Phillips believes that this strategy will lead to a long term impact on the company's survivability in a volatile financial climate. It will also ensure that the employees will have an excellent understanding of how their 401k is going to be managed and ways to increase the output of their 401k investments to enable them to retire as per their original plans. CEO Tim Phillips' firm believes in interacting with the employees while managing their 401k in a way that best suits all involved. CEO Tim Phillips' company has been providing Oregon and nationally based companies develop financially sound and investment planning solutions. They have been around for over 15 years and have a massive client base that consists of over 8,000 businesses and individuals.
CEO Tim Phillips says Time to Reevaluate 401k Strategies States
