AGP Executive Report
Last update: 8 hours agoRetirement Planning Update: The classic “4% rule” is getting a makeover—Bill Bengen says it should be revised to a “4.7% rule,” a reminder that retirement math can’t stay frozen when markets and portfolios change. AI + Your Money: OpenAI is rolling out ChatGPT personal finance tools in preview for Pro users, including the ability to connect bank accounts via Plaid and get spending and planning help—convenient, but it raises trust questions. Social Security Watch: A bigger 2027 Social Security COLA is being forecast, but the catch is it may not help as much as you’d hope if inflation keeps running hot. Credit Reality Check: Closing an old card usually won’t wreck your score long-term, but utilization can—so the real risk is losing available credit. Wealth Inequality: New data says India’s richest 1% now take 40% of income, underscoring how growth can concentrate at the top. Everyday Safety: A sheriff’s office warns about scam calls/texts demanding payment and personal info.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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