Retirement Weekly Valentine’s Day: 4 tips for the financially single Getty Images/iStockphoto We’ve all been there: Single on Valentine’s Day. And while finding yourself in such a situation can range from mildly irritating to downright heartbreaking, there is at least one type of singleness on Valentine’s Day where financial advice can help: being “financially single.” What does it mean to be ‘financially single’? This can include all kinds of situations, from single parents to those in a relationship but keeping finances separate, or simply those living and maintaining your finances all on your own. Whatever the case, being financially single can often feel like a weighty responsibility, but the good news is that there are some simple strategies that can help you plan for the unique opportunities and challenges that come with independence. As a financial single, you will have different tax options than married couples. You’ll also have sole responsibility over covering your expenses, earning an income, and planning for your future in terms of retirement, eldercare, and estate planning. On the other hand, you’ll likely also have fewer financial obligations to others, which may translate into being able to save and invest more in what interests you. […]