MIT Golub Center for Finance and Policy

How Accurate is AI Retirement Planning?

By

MIT GCFP - Viewpoints

The CBS MoneyWatch article More people are using AI for retirement planning, but how accurate is it? Here's what experts say features insight from Andrew Lo, Charles E. and Susan T. Harris Professor at the MIT Sloan School of Management and the director of MIT's Laboratory for Financial Engineering. "AI struggles with tax optimization, doesn't understand regulatory nuance and — unlike a human financial adviser — isn't subject to legal requirements, such as acting in a client's best interest."

Read More

Related Posts

President Tharman Shanmugaratnam receiving the Miriam Pozen Prize from Bob Pozen MIT Golub Center for Finance and Policy President Tharman Shanmugaratnam’s Miriam Pozen Prize Lecture Promotional poster for an event titled ‘What’s Ahead for the Fed, and All of Us? A Fireside Chat with Peter Fisher and Andrew W. Lo.’ The poster includes two headshots of the speakers, and the logos for MIT Sloan School of Management, the Golub Center for Finance and Policy, and the Laboratory for Financial Engineering. MIT Golub Center for Finance and Policy A Fireside Chat with Peter Fisher and Andrew W. Lo MIT Golub Center for Finance and Policy logo 12th Annual Conference Image: Background, grayed-out image of the US Capitol building; foreground image of an old-fashioned brass scale with a green assets graph on the left pan and a red liabilities graph on the right pan (slightly tilted to show more weight), both containing value and GDP axes; Text: Reassessing Government Assets and Liabilities: Putting the Finance into Public Finance MIT Golub Center for Finance and Policy 12th Annual Conference