Artificial Intelligence and Retirement Planning
By John Cutler, J.D
Any views and ideas expressed in the essay are the author’s alone and may not reflect the views and ideas of the Society of Actuaries, the Society of Actuaries Research Institute, Society of Actuaries members, nor the author’s employer. The premise for this essay is that retirees (and pre-retirees) are unlikely to have had experience with artificial intelligence (AI) to any great degree. If you think about most advanced technologies, individuals learn about them in the workplace or at least as adjuncts to work. This isn’t always true (think smart TVs, Alexa, Google, and so on). However, that still leaves those retirees and pre-retirees well behind others in the workforce who experience (if that is the right way to say it) AI in a more comprehensive and immersive way. With this in mind, we need to examine how AI could help retirees with the various components of retirement, primarily financial in this essay, mostly to keep the search parameters under some control.
