Summary
AI is changing how people plan for retirement. It affects jobs, retirement savings, and investment strategies. While AI offers tools to improve planning, it's important to combine these tools with human advice to avoid mistakes.
Key Facts
- AI is changing traditional ideas about retirement, like having a steady job and employer savings.
- Job changes due to AI mean fewer retirement savings options and lower Social Security benefits for gig and temporary workers.
- Some tasks that humans used to do are now done by AI, affecting how people fund retirements.
- People using AI to enhance their work might see better retirement outcomes.
- AI investment in retirement accounts could be risky if there is a market correction.
- AI can help with retirement planning by modeling scenarios and identifying savings gaps.
- Using AI alone can be risky, especially for personal or complex life events.
- Combining AI with human financial advice can provide the best outcomes.
