With Apex Money, I try to share interesting and eye-opening articles about personal finance.
Sometimes, the articles aren’t about money directly but they are so important that I think you should read it anyway.
Today’s first article is one about Bill Gates’ thoughts on the rise of AI. As someone who helped, and benefited greatly from, the rise of the personal computer, I think his thoughts on this revolutionary technology is worth reading.
The Age of AI has begun [Gates Notes] – “The development of AI is as fundamental as the creation of the microprocessor, the personal computer, the Internet, and the mobile phone. It will change the way people work, learn, travel, get health care, and communicate with each other. Entire industries will reorient around it. Businesses will distinguish themselves by how well they use it.”
http://Free Roth 401k Calculator (Beware—The Roth Cost Me $379k) [Life and My Finances] – “I started investing in a Roth ten years ago, thinking it was earning me more money. It wasn’t. I should have done the math.” Always do the math!
Instant-Issue Term Life Insurance: What Are The Costs Of Low-Hassle Coverage, And When Are They Worth It? [Kitces Nerd’s Eye View] – “Although these policies make it possible to fast-track the insurance application process for some individuals (who might otherwise be stymied by the traditional underwriting process), they aren’t necessarily right for everyone. For instance, because instant-issue policies require insurers to arrive at a decision without knowing the full details of an applicant’s current health or medical situation, they are generally only offered to the healthiest individuals – while those with pre-existing health conditions (who might still be eligible for insurance through the traditional underwriting process) might be declined after applying for an instant-issue policy. Which frustratingly can make it more difficult (or expensive) to subsequently be insured through traditional underwriting, since the fact of having been declined – albeit for an instant-issue policy with higher health standards than traditional underwriting – can create a ‘black mark’ on the individual’s health history.”