Fear of becoming a “bag lady” is a very real for some women, even some very rich and famous celebrities have admitted to the fear of going broke!  This phobia affects women more than men because, on average, women live longer than men, they often save less because they interrupt their careers for family reasons, and a divorce may wreak havoc on both party’s finances, but women can’t always bridge the pay gap while men often recover after child support is finished.  The key to getting over this fear is to become more knowledgeable about your current financial affairs and to work with a trusted professional to help navigate the road to a successful retirement.