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Posted on 8/11/25 at 7:14 pm to JL
What was factored in for healthcare?
Posted on 8/11/25 at 7:23 pm to Bard
quote:
Good luck with that. The average annual inflation rate (CPI) going back to 1913 is 3.1%. Thanks, Congress
When planning for retirement you need take into account Healthcare inflation which is around 8% as well the CPI.
Posted on 8/12/25 at 7:20 am to TorchtheFlyingTiger
quote:
I asked AI some straight forward.retirement tax questions and it gave me incorrect answers.
I think ChatGPT is amazing. I'll run a straightforward scenario, then add different variables, such as selling a second home at some future date, which reduces expenses and adds investment capital back in. I'll also ask it to reduce travel and entertainment expenses at an advanced age, and it quickly does a calculation.
As great as it is, it can miss something pretty basic, and example being that it recently missed my inflation assumption. I just reminded ChatGPT to account for it. You still need to check the results to be sure that it does not miss anything.
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