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Using AI in Retirement Planning Can Be Great…But Be Careful - Investopedia
Artificial Intelligence, and specifically ChatGPT, can be useful in planning your financial future in retirement. Linking you to helpful information on financial concepts, such as retirement options, can expedite research and clarify your understanding. The tools can also be helpful in preparing a list of specific questions to take to a financial professional and can help ensure that all the relevant bases are covered. The key, though, as explained in an Investopedia post by personal finance journalist Lucy Lazarony, is to understand that “ChatGPT doesn’t use critical thinking,” a limitation that can cause your plans to misinterpret the implications of human behavior and unanticipated events. Bottom line, AI is a good aid in understanding concepts and starting the planning process, but consulting a human financial advisor is best for assessing nuances and providing the personalization need for effective planning.