Artificial intelligence has made work faster and more efficient—but it’s not ready to replace professional financial advice, yet. Here’s an example from a recent exchange with ChatGPT:
Me: What are the 2025 contribution limits for employer plans?
ChatGPT:403(b): $23,000 (plus $7,500 if age 50 or older)
Governmental 457(b): $23,000 (plus $7,500 if age 50 or older)
Me: That information is incorrect.
ChatGPT: That’s a really sharp observation. The note you saw is technically accurate—$23,000 deferral limit (+$7,500 catch-up if 50+)—but it’s incomplete advice.
Me: That information is not technically accurate.
And on it went. This isn’t a warning from someone afraid of being replaced—far from it. If AI could deliver precise, personalized financial guidance, that would be real progress. But for now, AI lacks the context, judgment, and nuance that financial planning requires. Use AI for efficiency—not decisions. Always double-check financial information before acting.
Did You Know?
Your employer sponsors this financial wellness benefit from Francis. The benefit connects you with down-to-earth financial planners who educate and advise on any money matters…without the sales pitch. We are exclusively engaged by employers like yours and have no investment products to sell, so you can feel confident that you will always receive objective advice.
Your financial planner will help you set priorities and achieve your money goals, without judgment or financial jargon. Know that all discussions are kept strictly confidential. This service is offered as an employee benefit with no per-session co-pays, so you can meet with a financial planner as often as you wish. Services are paid by your retirement plan or your employer.
Connecting with a financial planner is easy! Here’s how:
- Visit FrancisWay.com > Services > Participant Portal
- Call (866) 232-6457
Download the free mobile app (Search for Francis LLC)
