Do you know what annuities are? Could you explain them in simple terms and accurately be able to demonstrate your knowledge of them in the real world? It’s okay if your answer is “no” because ChatGPT ...

GOBankingRates asked ChatGPT to explain 401(k) plans to us like we're 12 years old. The explanation is very simple, maybe a little too lighthearted.

Some of these questions are easier to answer than others — especially when using an asset like ChatGPT, which is adept at synthesizing complex information into easy-to-understand terms. Which, for ...

Artificial intelligence can be a magical tool for all sorts of things, including financial literacy. While there are still a few bugs to be sorted out, and it’s not a 100% accurate answer generator, ...