If you don't have a relationship, you need to look at your options for retirement.

If you are not married, do not have a life partner and do not have children, you need to take a different look at your retirement package, according to ABC Action News in “Single? How you should plan differently for retirement.”

 Those individuals with a partner can, in most instances, rely on their partner to help out with expenses and be a caregiver, if they should become ill. However, when you are single, or without children, you need to plan in advance, and you need to plan better.

Most important of all: making sure that decisions about your health and well-being are made the way you want them to be made, if you are not able to make them for yourself. You also want to be sure that the things you own, personal possessions and assets, are given to the people you want to have them.

If you rely solely on your own income, it's necessary to have an emergency fund in place. It's also a smart idea to have disability insurance. That way, if you need to stop working, you will have some income. Unless you have another stream of income or significant personal assets, you'll need the benefits of disability insurance, especially if you are disabled and can't work for an extended time.

Someone turning 65 has a nearly 70% chance of needing long-term care in remaining years. It's important to have a network of reliable friends, so that someone you know, and trust will be able to be named power of attorney for your health care decisions.

Whether you are single or married, you should have a plan in place for finances and retirement.

An estate planning attorney can advise you on creating an estate plan that fits your unique circumstances whether married, have a life partner, have children or you are single.

Reference: ABC Action News (Sep. 11, 2018) “Single? How you should plan differently for retirement”