As AI tools like ChatGPT are increasingly capable of analysing financial data, generating reports, and answering complex questions in seconds, many have asked: Could AI truly replace a human wealth adviser?
Being trusted advisers to our affluent clients for over two decades, this Providend series began with an article by our Client Advisers on clients navigating major life transitions. The podcast goes further, exploring the thoughts behind these transitions.
In this podcast episode, Jit Hwee and our host, Isaac, explore three major retirement challenges through the case of Bob and his wife Elsie, both 45, who hope to retire at 60. They discuss how clients often find it difficult to navigate the mental gymnastics of evaluating trade-offs, particularly when faced with information overload about the steps needed for a successful retirement.
Jit Hwee also highlights three key limitations of using AI in retirement and career transition planning, and poses an important question: would you trust AI with your non-negotiable ikigai goals and life events, or for achieving clarity and peace of mind? Listen to the podcast to find out more.
To better understand the discussion, you may start by reading Jit Hwee’s article here: Case Study: Can AI Replace a Human Adviser for Retirement and Career Transitions?
Music courtesy of ItsWatR.
The host of this episode, Isaac Ong, is a Client Adviser at Providend, the first fee-only wealth advisory firm in Southeast Asia and a leading wealth advisory firm in Asia.
For more related resources, check out:
1. Why the Reliability of Income Is More Important Than Investment Returns in Retirement
2. RetireWell® Part 1: Drawing Down Retirement Money
3. The Principles Behind RetireWell®
To learn more, download our RetireWell® eBook here.
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