Have you ever plugged your financial info to a website and gotten a retirement projection? As technology improves, how much can you trust these bots? Ben tried it for himself and got surprising results. We’ll share those plus talk about how useful these bots can be for planning.
Check out The Washington Post bot here: https://www.washingtonpost.com/graphics/2020/business/retirement-planning-bot/
Read more and get additional financial planning resources here: https://www.baschrock-fg.com/podcast/ep-43-financial-bots-are-here/
Today's show schedule:
1:06 – Ben wrote an article for Kiplinger about the topic of technology in the financial world.
2:16 – What was Ben’s first impression of this when he went through it.
2:48 – Ben got surprising results when he plugged in his info.
4:00 – Limitations of these bots.
4:58 – Great idea to get a second opinion on these results.
6:05 – How often do these get referenced when clients come in?
7:33 – How much has technology changed since Ben got into the industry?
9:12 – What technology does BA Schrock use with clients?