Episode Transcript
[00:00:00] Hello and welcome everybody to the Annuity straight talk podcast 2026 edition.
[00:00:06] Did you guys miss me?
[00:00:08] My name is Brian Anderson, founder and creator of annuitystraighttalk.com answering all of your retirement questions, giving you the best strategies that you will ever find.
[00:00:20] And we're going to talk today about another option that's come up for you guys in the past few years. I'm going to talk about how legitimate that is and where it's useful and where you might realize it falls short a little bit. Please, like subscribe or comment on any of your favorite podcast platforms or on YouTube to schedule a call with me. Top right corner of any page on annuitystraighttalk.com Episode 209 Annuity answers from Chat GPT. Who's done it? Everybody raise their hand. Oh, I haven't. I have all the answers. I don't need to ask AI. Let me share my screen, stay on point and go through this with you guys.
[00:01:00] Would love to know what your experiences are with using this.
[00:01:04] And here it is. Artificial intelligence has promised to make life easier.
[00:01:10] Now, everyone I talk to agrees that it's going to bring plenty of complications.
[00:01:15] Conspiracy theories abound, right?
[00:01:18] And to be honest, in the long run, corporations are going to profit at the expense of the working class. A lot of jobs are going to be replaced, right?
[00:01:26] Look what's happening in the stock market. They're all making a ton of money. If you got money in there, you're making money.
[00:01:31] But it's also marching us towards something that may be unintended consequences. Who knows? So life could be more convenient in a lot of ways, but it's a lot less profitable as well.
[00:01:44] So my position in my business is in serious jeopardy because financial companies would love to eliminate the cost of someone who can explain the rules and strategies if they can figure out how to replicate that.
[00:01:56] At the point where you can get the same thing from a computer, my experience is going to be worthless. But there's still a lot of value now in human assistance with financial matters, but there's no telling how long it will last.
[00:02:09] I'm going to put up a hell of a good fight, I'll tell you that.
[00:02:12] So Chat GPT and other publicly available AI search engines have become incredibly popular in the past few years.
[00:02:19] It's always funny on the entertainment side. It has basically made everyone into a graphic designer or, or a movie producer. Funny memes, generated videos, voiceovers.
[00:02:30] It is really hard to figure out what's real and what's not.
[00:02:34] Now If I see Mr. Rogers having a conversation with Tupac, okay, that's not real, but it's funny. And that's where you got to be careful when you're looking for serious answers. To be honest with you, if you ask a legitimate question, it will search the Internet for the answer and give you something that's at the very least, slightly more true than anything else.
[00:02:57] It's basically an advanced search engine that saves you the time of reading several pages of information and making up your own mind. That's the biggest lesson here. Do not use it as an excuse to not think.
[00:03:10] A lot of people are doing that. AI search engines are limited by the information you can get. For the most part, you're only going to get what is already available online, or maybe a summary of available information.
[00:03:22] So my conspiracy theorists out there, who loves a good one, have tried to get answers. Things like, who did 9, 11, did we really land on the moon? And who really shot jfk? I don't trust the results on that unless it's been declassified and somebody dug it up and put it on a website.
[00:03:39] Publicly available information is about all you can trust right now. But there are plenty of sources for misinformation as well.
[00:03:48] You're like that comedian that's like.
[00:03:51] You don't believe in any conspiracy theories. I think they're fun, he said. I don't. I don't mean all of them, or even most of them, but not any.
[00:03:59] Anyway, so a few weeks ago, I had a meeting with Tom. Very technical person. I just got off phone with him. Sharp guy.
[00:04:05] We ran some retirement income and portfolio management scenarios. He liked my Flex strategy, wanted to learn more about annuities.
[00:04:12] He asked a lot of good, detailed questions. Just can tell. We actually did a zoom call. I can tell he's a thinker.
[00:04:18] At the end of the second meeting, he settled on one path in particular that was of interest to him. Now he had a little bit of homework to do to establish his goals, and I promised to put together a little more information for the next meeting.
[00:04:30] And before we parted ways, or maybe in an email, he said, I'm also going to ask ChatGPT what it thinks.
[00:04:37] I don't consider that a threat. I think it's good due diligence. Why not check out what the.
[00:04:42] You know, have something summarized, all the information that's available online.
[00:04:47] So I just said, hey, let me know what it says. So a day or two later, he sent me an email with the chat GPT response copied into it.
[00:04:57] I don't know exactly what he searched for but the response I saw more or less told me that he asked for comparisons of Mygas. Those are fixed annuities with multi year guaranteed rates, fixed index annuities where you've got protected downside and upside and single premium immediate annuities. So two for accumulation, one for income.
[00:05:18] And I scanned through to report that it's essentially what I expected.
[00:05:23] It offered a good synopsis of the details and features of the three different products. So it was more or less factual information.
[00:05:30] It did state a few things as fact that are only partially true and again not saying they're wrong. But the truth comes down to what your purpose is and what your goals are. That's why you need to think about it a little bit and you need someone who can help you do that.
[00:05:45] It didn't really say any strategies for using the product, nothing mentioned there.
[00:05:51] And that's where this falls short for the time being. Yeah, you can get some information from it, but are you really going to get guidance and assistance? No, that's not happening yet.
[00:06:00] You still have to think so. If 20 different people made the same query, there would be 20 different ways to use the products mentioned. And the best path would depend entirely on the individual situation. Each of those 20 people.
[00:06:13] That's what you got to remember. You're different than anyone else.
[00:06:16] Helps to have someone who's seen thousands of cases right now, knowing what I know about how these systems works, it made sense to see the response as it was presented. It aggregated all the available information and summarized it in one place.
[00:06:29] It probably even used information from my website. I'll bet it did. Or it will just realize that as it stands, a lot of what's available is someone's opinion. That's why you're going to get kind of that cut and dry answer.
[00:06:43] So that is likely to infiltrate the results for quite some time. For the time being it will give you a no pressure second opinion or even help you frame some questions for your chosen financial professional.
[00:06:55] And I'm not going to tell you to stay away from it because you can use it to benefit yourself again. I really like, honestly I like that idea of you'll see the information one place and it'll maybe cause you to think of new questions. There's a word, think again.
[00:07:09] So if I told you to stay away from it, I'd be a coward. I'm up for the challenge. I can handle it. I think it's good. Nobody seems to like the prospect of AI running our lives, but everyone seems to be happy with the convenience I could do a whole episode on this, and I might later this year. But no one's going to complain about the stock market returns that have been driven entirely by AI companies. That is, the bulk share of the growth in the market is stuff that did not exist in the s and P500 even 10 years ago. If you don't like it, then don't use it in any form.
[00:07:38] Know what that is right there?
[00:07:40] Silver. Tangible. I don't care if the stock market crashes. Maybe I'll talk about that too. So otherwise, be very clear about its limitations and don't accept any answers as fact. It's only as good as the people who publish the original information. And we know humans make mistakes all the time. Except me.
[00:07:58] Just kidding. I make mistakes, but I own up to them. I have in the podcast.
[00:08:02] As long as this website is viable, everything will be written by my hand and created through my years of experience and the meetings I have with you guys. Expect nothing less from me as the world around us becomes more and more automated. You want a real person? That's right here.
[00:08:18] The truth is, your retirement deserves more than a computer generated answer. Use it, but do not consider it the final source.
[00:08:26] It deserves someone who's going to listen, ask the right questions, and build a plan around what matters most to you. I'm here to have that conversation with you when you're ready. Pick a time on my calendar and you'll get the real me. No robots included. That's the top right corner of any page on annuitystraighttalk.com.
[00:08:45] please like subscribe or comment on any of your favorite podcast platforms or on YouTube.
[00:08:51] I appreciate you guys being here and I'm looking forward to a good year of helping you guys all again.
[00:08:59] This has been episode 209, annuities and chat, GPT. Thank you guys so much for joining me. I'll see you next week for episode 210. All right, have a great day. Bye.
