GRAND RAPIDS, Mich (WOOD) – The number one concern for retirees today is outliving your retirement savings. That can be a scary thought, but there is help. Global Financial Trust joined eightWest in studio to explain how to create a retirement plan. Some facts that are surprising:
- 17% of women will live to be age 100, 25% will live past age 90
- Cost of living doubles every 20 years and triples every 30 years
- Women are 80% more likely to be impoverished in retirement
- When a spouse passes away the remaining spouse will often lose 30-50% of their income
Global Financial Trust has been in the financial services industry for 23 years specializing in safe and secure retirement planning. First and foremost, they work to protect your retirement savings. If you have questions or concerns about outliving your retirement savings, call Global Financial Trust, 616-956-9900 or go to their website.