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In theory, AI is an amazing concept that has the potential to improve lives in so many ways. But what about its use in the investment world? Is it the latest and greatest idea for revolutionizing the financial world? I say no, for a variety of reasons. And this week I’d like to dig a little deeper into AI’s benefits as well as its drawback when it comes to your finances.

most Americans are behind on this lofty goal. In fact, according to Federal Reserve Survey of Consumer Finances, a mere 10% of Americans have saved a million or more for retirement. Just how far off are they? Quite a bit.

For a variety of reasons, many women already feel they are behind when it comes to being financially prepared for retirement. There are many ways their financial lives can be thrown off-track during their working years that can affect their retirement security.

Before 2023, we hadn’t experienced a bank failure since 2020, during the Covid pandemic, so this might make you wonder just what in the heck is going on with these banks? And how can I possibly protect my money if even our banks can fail?

ESG stands for Environmental, Social and Governance and refers to the three key factors when measuring the sustainability and ethical impact of an investment in a business or company.

A growing number of individual investors are also starting to evaluate companies using ESG criteria to screen their own investments as a way to support their personal social agenda.

While I understand the simplicity of having a savings number that you’re striving for, but this can’t be your only savings goal. Once you stop working, that paycheck stops coming in and you need to rely on your savings to produce the income you need to live.