Wealth Planning

The day when you no longer need to work to cover your current and future cost of living, including realizing your retirement dreams—that’s your financial independence day. To identify it, some people try using one of the many online retirement calculators that ask you to input information so you can find out if you can retire at a specific age. Others look to retirement guidelines, such as needing annual retirement income that’s 70% of your pre-retirement income. But these me

From education and entertainment to medicine and transportation, artificial intelligence (AI) is having an impact on virtually every sphere of existence. That includes our financial life. AI is already making inroads into wealth planning and can be a valuable tool for advisors. For example, AI can be used to present potential outcomes of different strategies to achieve a specific financial goal. But can AI take over the advisor’s role? Here are a few reasons why AI can be a h