Morrical Financial Services

A 2015 study by the Federal Reserve Board of Governors showed us a few alarming statistics about retirement plans. Almost half of the respondents couldn’t afford to cover a $400 emergency expense. Nearly a third had no retirement plan or pension at all. Further still, another half was either only slightly or not at all confident in their abilities to manage their investments. Now, how does that link with the late Walter Mischel’s famous psychological study called the Marshmallow Test, and how can we bridge the gap in employees’ understanding of retirement plans? Learn more: https://morricalretirementplans.com/what-the-marshmallow-te

When it comes to post-retirement living, there are a few key factors that tend to predict quality of life. Today we’ll be examining some recent statistics regarding this factor and others, as measured by a study from the University of Michigan. Surprisingly, the No. 1 factor in life satisfaction has nothing to do with finances. Yet there was one area of spending that stood out as particularly significant. Learn more: https://morricalretirementplans.com/check-out-these-statist

I've previously spoken about how to save so that you have enough money when you enter retirement. Now, however, I want you to meet my friend and former running club coach, Frank. He is currently retired and is here to speak about his personal journey to retirement with a pension and investments. Still working part-time, he has a very good income because of his planning. Learn more: https://morricalretirementplans.com/a-first-hand-account-of

Are you caught up to speed on all of the fees and expenses involved with sponsoring a retirement plan? If not, you’re in luck, because we’re going to go over a few of them today. Not only are there print materials that you need to pay for, but there is also administrative work, testing, and investment management services to contend with. How will you pay for it all? Learn more: https://morricalretirementplans.com/how-will-you-pay-for-yo

If you’re a fiduciary or plan sponsor and you want to transfer your liability, you’re in luck. There are actually three different ways in which you can do that. For example, the (3)38 is also known as the Cadillac of fiduciaries. There’s a great article that I’d like to share that covers all the different ways in which you can do this. To learn more about it, watch this short video.