AI Tool Empowers Israelis to Manage Pension Savings and Save Hundreds of Thousands

Dalia Bayda, an artificial intelligence expert, presented a new technological solution that enables individuals to manage and analyze their personal pension funds using AI tools like Google's Gemini. In an interview with "HaOlam HaBoker," Bayda explained that the goal is to give citizens control over their pension numbers and increase their awareness of their savings status.

The process is straightforward: users download their annual pension summary report from their pension company’s website and upload it to the AI tool. The AI then uses a precise prompt to generate a personalized, interactive web dashboard instead of a simple text response. This dashboard is divided into four main sections: a current savings overview, identification of issues and opportunities such as high management fees or unsuitable investment tracks, an interactive simulator to test how changes like fee reductions affect future pension amounts, and a prioritized action plan with recommendations for improvement.

Bayda highlighted the significant financial impact of this approach, noting that a simple negotiation to reduce management fees could increase future pension savings by approximately 400,000 shekels. The full prompt for using the AI tool is available on the program’s Instagram page for those interested in trying the method themselves.