While you should always consult a human professional for any and all financial matters before putting your money into any type of investment, artificial intelligence can give you a taste of some ideas you can use, even when it comes to retirement. As an experiment, GOBankingRates asked ChatGPT for a 2026 retirement plan. The chatbot noted that in order to personalize this, it would have to know your current age and target retirement date, country of retirement, current savings or accounts for retirement, ...

If you’d like to do a thorough review of your portfolio and plan, here are the key steps to take. I recommend doing them over a series of sessions, not all at once. Step 1: Gather your documentation This could be your current investment statements, plus Social Security and pension. Pro tip: Set up a My Social Security account to get an overview of your benefits and earnings history. Step 2: Ask and answer: How am I doing? To find out if you’re on track to reach your financial goals, review your curren ...

The average American contributes a percentage of their paycheck to their 401(k). Here's how your savings rate compares. https://t.co/rvIDUmUxJE ...

Core Insights - The couple has enjoyed a fulfilling life but faces financial challenges in retirement due to past financial decisions [1][2] - They rely solely on Social Security for income, which limits their savings capacity to approximately $1,000 per month [2] - The couple has $120,000 in a regular savings account, indicating a need for better financial planning [2] Financial Planning Considerations - The couple's monthly savings of $1,000 represents about 28% of their gross monthly income if both receive the average Social Security benefit of $1,800 [7][8] - Even if they were to receive the maximum Social Security benefit, their savings would still exceed 10% of their gross income, suggesting a potential overemphasis on saving [8] - The emotional aspect of saving may be influencing their financial decisions, indicating a need to reassess their savings strategy for better financial relief [8]

Wealth Building Strategies - Avoid lifestyle inflation when income increases [1] - Prioritize maximizing 401(k) contributions over increasing car payments [1] - A 20% savings rate is a strong financial strategy [1] - Wealth accumulation benefits from long-term, consistent investment [1] - Wealth creation is a gradual process built over time [1]

Want to lock in a high savings rate? Fourteen top-paying CDs offer 4.50% or more through 2027, while rates of 4.28% and up can be locked in for three to five years. https://t.co/wRURQcdNWo ...

Wealth Building Strategies - Resisting lifestyle inflation is a key wealth-building move [1] - Increasing savings rate with each salary increase is crucial [1] - Utilizing tax-advantaged accounts like Roth, 401(k), and HSA is beneficial [1] - Staying invested during market downturns is important [1] - Minimizing portfolio monitoring (99% of the time) can be advantageous [1]

Interest Rates - Fourteen top-paying CDs offer rates of 450% or more through 2027 [1] - Rates of 428% and up can be locked in for three to five years [1]

Interest Rate Trends - Top-paying CDs offer rates of 4.50% or more through 2027 [1] - Rates of 4.28% and up can be locked in for three to five years [1]