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Will AI Take Over the Role of Financial Advisors and Planners?
#Replace #Financial #Advisors #Planners
It is hard to read the news without coming across an article about artificial intelligence (AI). It is a very powerful technology with substantial applications and various pros and cons. But, can it help you make better financial decisions? What are the pitfalls of using AI to manage your money?
he Difference Between AI and Sophisticated Financial Models for Answering Financial Questions
There are so many different ways to make a financial decision. AI is one option and it will get better. Using a comprehensive financial model is another approach that may be more reliable as of now.
Using a tool like the NewRetirement Planner gives you control, accuracy, customization, and consistency. It is the most comprehensive planning model available online and currently has huge advantages over AI because it has much more insight into a user’s financial situation and goals. The tool can provide more nuanced and accurate forecasts than AI can currently.
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