Would You Trust ChatGPT for Financial Advice?

There are a lot of decisions that come with retirement. This includes deciding when to start collecting Social Security benefits. You can start as young as 62, although you will receive less than if you wait until full retirement age. So, what’s one to do if you want your full benefits but need money now?

That’s a question GOBankingRates posed to ChatGPT. The artificial intelligence software came up with several suggestions, such as tapping into savings, finding a part-time job, or applying for government assistance programs. In fact, some of its suggestions, such as getting a reverse mortgage or taking out a bridge loan, were quite risky.

The Seniors Trust is committed to improving the lives and financial well-being of older Americans through the passage of the Social Security Expansion Act. It will give retirees an immediate benefits increase of about $200 a month, a fair annual cost-of-living adjustment (COLA), increased minimum benefits, and ensure the long-term solvency of the Social Security program.