Can AI Really Build My Entire Retirement Strategy? Testing It Live

Challenge: Can you create a retirement planning tool quickly and easily with AI? Chat GPT and similar tools are impressive, and they can make spreadsheets for you—complete with formulas and helpful ideas about how to run your retirement numbers.

Figure out if you have enough saved, how long your money will last, what happens with bad returns, how much you’ll pay in taxes, and more. It’s all possible, and you can ask in plain English.

But how good is it? The output is surprisingly robust, but there are a few things to watch out for.

One issue is that it didn’t use 2025 tax brackets, although it did offer to make things flexible enough to update the income levels and tax rates fairly easily. You could ask Chat GPT, Claude, Gemini, or any other tool to fix that, but the more complexity you add, the more likely it is you'll have problems or errors. Plus, keeping a model like that updated as tax laws and other rules change is a challenge.

After this experiment, I’d say AI might be helpful for some quick ideas or to get you started, but it’s not ready to completely plan your retirement.

Get free retirement planning resources: https://approachfp.com/2-downloads/
🔑 9 Keys to Retirement Planning
🐢 6 Safest Investments

Learn about working with me at https://approachfp.com/
✔️ Flat-fee options
✔️ One-time projects available
✔️ Investment advice (optional)

Justin Pritchard, CFP® is a fee-only fiduciary advisor who can work with clients in Colorado and most other states.

IMPORTANT:
Use AI at your own risk, and do not enter any private or sensitive information into AI tools. The calculations, assumptions, and answers may be wrong. Your information might not be kept private. It may be used to train models, and staff at AI companies (or others) may be able to view your prompts. Always triple-check numbers, rules, and strategies with a professional before making any decisions.

It's impossible to cover everything you need to know in a video like this. The only thing that's certain is that you need more information than this. Always consult with a CPA before making decisions or filing a tax return. This is general information and entertainment, and is not created with any knowledge of your circumstances. As a result, you need to speak with your own tax, legal, and financial professional who is familiar with your details. This video is not a substitute for individualized, personal advice. Please verify with your plan administrator when employer plans are involved. This information may have errors or omissions, may be outdated, or may not be applicable to your situation. Investments are not bank guaranteed and may lose money. Opinions expressed are as of the date of the recording and are subject to change. “Likes” should not be considered a positive reflection of the investment advisory services offered by Approach Financial, Inc. The Comments section contains opinions that are not the opinions of Approach Financial, Inc., and you should view all comments with skepticism. Approach Financial, Inc. is registered as an investment adviser in the state of Colorado and is licensed to do business in any state where registered or otherwise exempt from registration.

Видео Can AI Really Build My Entire Retirement Strategy? Testing It Live канала Justin Pritchard, CFP® on Retirement Planning