Episode 295: How Soon Will AI Replace Financial Advisors?

Today’s video is part four of David’s interview with the co-founder of Power of Zero, Larry DeLegge. They discuss whether AI will replace financial advisors and if Congress will take away the tax advantages of cash value life insurance. According to David, financial planning is more of an art than a science. This is why he is not all that convinced that AI has the capabilities to successfully handle people’s unique and complex financial situations.  2043 will be a big year for our country. Once we hit a 200% debt to GDP, no combination of increasing taxes or reducing spending will arrest the fiscal collapse of our nation. David breaks down the options and solutions we still have to put our country back on a sustainable fiscal path.  David shares his thoughts on whether Congress will change the rules on cash value life insurance.  The book, Power of Zero, works best for people who have already accumulated money and are looking for ways to wring the most efficiency out of their savings w...