How artificial intelligence is reshaping retirement planning for advisers and DIY investors

I've just returned from a financial adviser conference whose central theme was artificial intelligence. This article briefly discusses how I now believe AI may reshape financial planning for retirement savers.

How artificial intelligence is reshaping retirement planning for advisers and DIY investors. I've just returned from a financial adviser conference whose central theme was artificial intelligence. This article briefly discusses how I now believe AI may reshape financial planning for retirement savers. Squeezing insight out of data The first iteration of AI tools has already improved retirement planning. Forward-thinking advisers are using AI note-taking tools, for example. An AI note-taker allows advisers to focus and listen more closely, instead of frantically trying to jot down notes. A good AI tool will then summarize the meeting, complete with a list of follow-up items. For DIY investors, chatbots like Claude or ChatGPT are useful tools for researching financial products, tax rules and difficult questions around topics like when to cl...