Why Single People Need A Different Money Plan | Money Unscripted | Fidelity Investments

Being single can bring flexibility, freedom, and independence. It also means every financial decision is on your shoulders. On this episode of Money Unscripted, host Ally Donnelly talks to Rachel, a writer who is happily single, but realized she needed to take charge of her financial plan–for life on a single income. Fidelity's Alex Roca joins the conversation to break down the essentials of solo planning: building a realistic budget for money management, investing with confidence, and thinking ahead for retirement and estate planning. 00:00 Welcome to Money Unscripted 01:08 Financial planning for singles: An introduction 06:29 As a single person, how should I approach my budget and overall money management? 07:40 How can I save for an emergency as a single person? 08:42 How should I be saving for retirement as a single person? 10:40 How can I help make my money last in retirement on a single income? 12:12 How should I approach investing as a single person? 12:53 As a single, how can I pay for health care in retirement? 13:51 As a single person, how should I approach estate planning? 15:41 Financial planning for singles: Key takeaways Questions? Drop them below 👇and we’ll reply right in the comments. 6 money considerations for single women A guide to help get your solo planning started https://www.fidelity.com/learning-cen... Estate planning for singles See tips for singles on key financial, health care, and charitable decisions. https://www.fidelity.com/viewpoints/w... • To see more videos, subscribe on YouTube:    / fidelityinvestments   • Follow Fidelity on Reddit:   / fidelityinvestments   • Follow Fidelity on Instagram:   / fidelityinvestments   • Follow Fidelity on TikTok:   / fidelityinvestments   • Follow Fidelity on Facebook:   / fidelityinvestments   • Follow Fidelity on LinkedIn:   / fidelity-investments   • Ask Fidelity on X:   / fidelity   Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917 1207230.2.0