AI Financial Planning - User Beware

Will AI eventually replace human financial advisors? Evan shares how a client recently used ChatGPT to learn about their financial plan and prepare for a more productive meeting. Evan explains the difference between using AI to make investment decisions for you and using it as a tool to become a more confident investor. Listen along as Evan brings in an article that explains the biases and weaknesses of AI and discusses why technology can provide information but cannot ask the right questions, care about your goals, or help you connect your money to its true purpose.  Later in the episode, Evan shares the 20 questions confident investors are able to answer and why understanding your true purpose for money is about more than just your financial well-being but also your mental health and physical health.    Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Investing involves risk, including the possible loss of principal. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.