Americans Fear AI Will Derail Retirement — Here’s How To Stay Secure

Core Insights - A survey by Thrivent indicates that 53% of non-retirees fear AI will reduce job opportunities, negatively impacting their retirement prospects [1] - 45% of respondents believe that changes in the type of work due to AI will also adversely affect their retirement [1] Investment Strategies - Diversifying investments across various asset classes and industries is recommended to mitigate risks associated with AI's uneven effects on market performance [3] - Fixed annuities are suggested as a stable income source for retirement, independent of job security or stock performance [4] - Multiple income sources, such as side gigs or passive income, can enhance financial resilience in retirement [4] Retirement Planning - Flexibility in retirement plans is crucial due to the uncertain impact of AI on careers and income [5] - Options like phased retirement or part-time employment can help maintain income and protect against career disruptions [5] - Early saving is emphasized as a key strategy for maximizing retirement growth through compound interest [5]