Artificial intelligence (AI) isn’t new, but it is evolving. The latest ChatGPT, or Chat-generated pre-trained transformer, is the newest AI to hit the headlines. Its developers claim it has numerous applications in everyday life. One such application is finance. Specifically, it could possibly be used for portfolio-allocation suggestions. But what are the strengths and limitations…
Will ChatGPT Impact Finance?
March 23, 2023
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Investing for Longevity
March 21, 2023
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By Sandra Block From Kiplinger’s Personal Finance As you approach retirement, you may be tempted to shift most of your savings to more-conservative assets. That temptation may be particularly strong in today’s volatile market. But this strategy could increase the risk that you’ll outlive your money. If you retire in your early sixties, you may…
Job Plus a Side Gig? Avoid These Mistakes
March 17, 2023
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At the beginning of the year, many people have their eyes set on goals. Some of these goals may include increasing your income, starting a dream business, or both if you’re reaching for the stars. Before you get your hands dirty in the sometimes chaotic combination of formal employment and entrepreneurship, here are a few…
Using AI for Employee Recruitment
When a job opens and is advertised, employers are inundated with hundreds of resumes. And 52 percent of talent acquisition leaders claim that screening all these candidates is the hardest part. To ease the recruitment load and speed up the hiring process, HR departments are using artificial intelligence (AI) to screen applicants. But how does…
How to Use Cost-Effective Strategies to Leave Your Assets to Your Beneficiaries
After accumulating many assets over the years, you want a way to pass them on to your beneficiaries and do it as cost-effectively as possible. Many cost-effective strategies are available to pass an estate and assets to your loved ones. Establish a Trust One of the best ways to do it, which is expensive, is…
A Guide to Using a Family Wealth Office
In today’s world of economic uncertainty, managing your finances can seem like a daunting task. Shifts in the market and inflation are making it harder to make ends meet for millions of people. Heck, even buying eggs has become financially complicated this year. Being in charge of a business during this time takes a team…
Retirement: When Your Second Act is Becoming an Independent Contractor
February 15, 2023
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By Yvette C. Hammett From Kiplinger’s Personal Finance There is a learning curve for those retiring from typical employment to join the world of independent contracting because you’ll now be your own boss. Here are some steps to get you started. Come up with a business plan. As an independent contractor, you’ll need one, according…
Millennial Money: Should Unmarried Couples Have One Account?
When a couple joins financial forces, it’s typically so they can accomplish a joint savings goal or contribute to shared expenses, such as those that come from living together. This is a typical step for married couples, but more unmarried couples are taking the plunge to combine households: The number of unmarried partners that live…
Retirement Income Distribution Strategies
February 10, 2023
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During pre-retirement, most people are in saving mode. They’re putting away as much money as they can before leaving the workforce. Sitting down with financial advisors to develop an accumulation strategy is paramount. But that’s not the only financial strategy that should be devised. Retirement income distribution should be part of the strategy. Taking funds…
Millennial Money: 6 Ways to Move out of Your Parents’ House
Nearly a quarter of millennials (22 percent) are living with their parents, and more than half of those living with them (55 percent) made the move in 2022, according to a December survey from PropertyManagement.com. Many said they’re back home due to high rent, money concerns or job losses—and 9 in 10 say they would…
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