A single person, frankly, has to save more. They should have a good sized emergency fund because if they're unable to work, they won't be able to rely on a spouse to bring home the money. Unfortunately, even though single people should be saving more, most surveys indicate that a single person is actually less likely to be saving for retirement than a married couple. While one financial benefit of being single is that you don't have to compromise with any one else on spending where and when you want to retire, or even where to put the thermistat there is challenge that you doesn't have anyone you can lean on to help you manage your finances.
Ford Motor CEO Jim Farley is attempting to grow the electric vehicle part of his company while not alienating any stakeholders, especially employees.
(0:20) John Rotonti discusses: - Farley's plan to create a separate division for Ford's EV business - The likelihood of other automotive companies following suit - Home Depot's highlights after a stellar fiscal year - Whether today's stock drop creates a good entry point for long-term investors looking to add Home Depot to their portfolio (14:30) Now that we're well past Valentine's Day, Alison Southwick and Robert Brokamp offer financial planning tips for singles. Stocks discussed: F, TSLA, GM, HD Host: Chris Hill Guests: John Rotonti, Alison Southwick, Robert Brokamp Producer: Ricky Mulvey Engineer: Rick Engdahl
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