Good morning:
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​Reminder: The next live show will be Monday, July 7th at 7 pm ET. You can subscribe to the YouTube channel where the show is broadcast here.

3 Things

1. Retirees: Doing Better with Less (PDF) (David Blanchett)

2. Financial Lessons from My Family’s Experience with Long-Term Care Insurance (WCI)

3. How Does Your 60/40 Portfolio Allocation Compare With the Pros? (Morningstar)

My Videos & Articles

• ​Individual TIPS vs TIPS Funds--Which Offers Better Inflation Projection? (FQF)

ICYMI

• AI, Productivity, and Human Finitude: A Conversation With Oliver Burkeman (Behavioral Scientist)
• Why there's an unexpected surge in people claiming Social Security (NPR)
• The 'First Year of Retirement' Rule (Kiplinger)
• The Separate + Joint Method: How My Spouse and I Manage Our Money (Of Dollars And Data)
• The Taliban has banned a lot of things ... but chess? (NPR)
• What’s Happening to Reading? (The New Yorker)
• The Reciprocity of Interest (A Reflection) (More to That)
• One Million Two-Factor Authentication Codes Were Recently Exposed (Lifehacker)
• 38 (Or So) Lessons On The Way To 38 (Ryan Holiday)
• Walking time & speed can significantly reduce chronic low back pain risk (New Atlas)
• Meet the members of the Dull Men’s Club: ‘Some of them would bore the ears off you’ (The Guardian)

What I'm Reading, Listening To, and Watching Thinking About AI.

• That there are two ways to think about AI: (1) it can help us do things faster, and (2) it can help us do things better.
• Faster is easy. "Hey ChatGPT, draft a reply to this email I received today." In some contexts, faster is good enough.
• Better is hard. It requires thought about what AI tools to use and how to use them. It requires thought about how to use what AI generates. It increases the time it takes to accomplish a task, at least initially. And the investment in tools and time may not lead to better results in a timeframe that's workable.
• ​Prompt engineering, a fancy term for what you ask AI to do, is an important skill to learn for those who want to use AI effectively. The good news is that you can learn 80% of what you need to know in 30 minutes. You can ignore the other 20%.
• Disregard any Youtube video or article that claims to have discovered the master prompt. It doesn't exist. Neither does the perfect retirement withdrawal strategy or investment portfolio, by the way.
• The real power of AI in business comes when you add your data and fine-tune a model. That's what I've been spending my time on lately. I hope to show you the results soon.
• I did not use AI to write any part of this newsletter. If I had, maybe it would have been better. Then again, maybe not.

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Resource

• You can see a list of all of my Youtube videos here.
• You can see a list of the budgeting, investing and retirement planning tools I use here.

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Best,
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Rob Berger
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P.S. Feel free to hit reply and send me a message. I read every email.