Author: Arabian Media staff

Yes, it is risky to ditch your advisor and rely solely on ChatGPT for financial planning. Although AI can assist with basic tasks, it lacks the personalization, regulatory oversight, and accountability that licensed financial advisors offer.  Key Takeaways AI is a starting point, not a finish line: Use chatbots to explore topics like Roth IRAs, but always verify important decisions with qualified humans who understand your situation. Generic advice can be dangerous: What works for the “average person” in AI’s training data might be completely wrong for your age, income, family situation, or financial goals. Financial planning mistakes have costly…

Read More

Making the transition from working to retirement can be exciting, but it is also a challenging time in your life. There are several key financial steps to ensure that you have enough resources to enjoy your retirement. “Proactively planning for retirement helps ensure you have enough for when you choose to retire or in the event unforeseen life changes present themselves, such as your health, job loss, disability, or caring for your loved ones, ” said Alissa Maizes, a financial planner and founder at Amplify My Wealth. Key Takeaways Moving from working to retirement can be a big transition, and…

Read More

Traveling as a group isn’t for everyone, but many people enjoy it, and some wouldn’t go any other way. Besides offering readymade companionship, it can sometimes lead to substantial discounts. So if you’re looking for a way to save on your next summer vacation, joining a group—or even forming your own—could be the route for you. Here is what you need to know to enjoy the perks and bypass the pitfalls. Key Takeaways Traveling in a group can result in savings and other benefits. You can join a tour group run by a travel operator or form your own group…

Read More

Nearly 25% of the $1.6 trillion federal student loan portfolio could default in the near future, considering that nearly 10 million borrowers were over 90 days delinquent as of April 2025. Given that the U.S. Department of Education restarted collections on student loan defaults in May, and many borrowers are already facing tighter budgets, the broader economy could suffer long-term consequences if millions of workers have their wages garnished. Key Takeaways A federal student loan is considered to be in default if a payment hasn’t been made for at least 270 days after the due date.Mass student loan defaults could…

Read More

Stay informed with free updatesSimply sign up to the Renewable energy myFT Digest — delivered directly to your inbox.A consortium led by Saudi utilities giant ACWA Power is to invest $8.3bn to build 15 gigawatts of solar and wind farms in the kingdom as it accelerates its push into renewables.ACWA Power, owned by the country’s sovereign wealth fund, is joined by Aramco Power, part of Saudi Aramco, in the consortium that has signed power purchase agreements with the state-owned electricity buyer to build five solar and two wind projects in four regions across the kingdom.The deals mark a significant step…

Read More