Latest News
AI’s Social Security Advice is Not Always Correct - LarryKotlikoff.substack.com
AI is often cited as the reason so many people are losing their jobs. But when it comes to Social Security advice, the answers you receive may not be correct. Larry Kotlikoff, a well-known author of Social Security books, has written a very detailed article on the use of “Artificial Intelligence” (AI) and getting the proper Social Security answers you are seeking.
AMAC Foundation Social Security Advisors tested AI with common Social Security questions we get daily. Important questions were answered incorrectly. AI fails to distinguish between ‘old’ and ‘new’ rules. We’ve encountered people basing their retirement plans on strategies that are no longer available to maximize benefits.
In his article, he states, “Roughly one-in-three workers is using AI to make Social Security as well as other retirement decisions. Many others are using conventional financial planning tools developed to make Wall Street money, not deliver proper advice. And since AI has been trained on Wall Street’s “advice”, almost all of which is wrong, what AI spits back is worse than worthless. It can cost you a ton.” Read his article here …
The link provided above connects readers to the full content of the posted article. The URL (Internet address) for this link is valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or socialsecurityreport.org.…
Contact an NSSA Accredited Social Security Advisor by emailing your questions to ssadvisor@amacfoundation.org or by calling (888) 750-2622.