How to Avoid the Bag Lady Syndrome

The bag lady syndrome is a fear of many women and a reality for others. In one impromptu survey we conducted, most of the women said they didn't fear the syndrome. Additional research proved that some had not considered various scenarios that could negatively impact them, such as the need and cost of long-term care coverage and losing their spouse's Social Security Benefit when their spouse dies. Today's episode is designed to empower you with the knowledge and tools you need to ensure your finances are in order. By understanding and planning for the bag lady syndrome, you can worry less and enjoy life more! Overview of what you will learn in this episode: >> (4:17) The inside scoop on the syndrome >> (6:10) Research and the risks of running out of money >> (10:53) Getting free money and how much you should save >> (11:34) The risk of long-term care coverages and potential solutions >> (16:03) 3 Insights to Avoid the Bag Lady Syndrome >> (17:12) The benefit and problem of affirmations and why people go broke >> (21:00) Keeping up with the Joneses >> (22:30) The highs that come when you have money Links Referenced in the Show: The Retirement Planning Checklist: https://themillionaireinsider.com/rpc Get your Free Financial Checkup:  https://themillionaireinsider.com/fc Show notes and more information: https://themillionaireinsider.com/62 This information is for educational purposes only and is not intended to provide financial, investment, or planning advice.