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System for utilizing a retirement score to receive benefits

  • US 10,019,760 B2
  • Filed: 03/20/2015
  • Issued: 07/10/2018
  • Est. Priority Date: 03/20/2015
  • Status: Active Grant
First Claim
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1. A system for utilizing generated retirement scores for benefit presentment, the system comprising:

  • one or more memory devices; and

    one or more processing devices operatively coupled to the one or more memory devices, wherein the one or more processing devices are configured to execute computer-readable program code to;

    access assets and liabilities of a user over a distributive network of servers via private access to a financial institution database and perform an assessment of the assets and liabilities;

    determine a financial trend of the user based on the assessment, wherein the financial trend comprises at least one of a spending behavior, investment behavior, and savings behavior calculated over a past time period;

    transform the financial trend into a retirement score for the user, wherein the retirement score indicates preparedness of the user for retirement at a future predetermined date;

    display the retirement score on a retirement planning interface on a user device;

    retrieve, from the user device via the retirement planning interface, the retirement score;

    parse the retirement score into individual scores for each of one or more parameters making up the retirement score including individual scores for asset values, liability values, an estimated rates of return, and financial behavior of the user;

    distribute the parsed retirement score to systems within the financial institution and store the parsed retirement score within a framework of the systems within the financial institution;

    receive communication from one or more of the systems within the financial institution identifying benefits available to the user based on the parsed retirement score;

    present, via an interface on a user device, the benefits by communication the benefits to the user device;

    augment the retirement score at one or more historic points in time illustrating user utilization of recommended steps at the one or more historic point in time; and

    illustrate, via the interface on the user device, user retirement score with the augmented user retirement score, wherein the illustrating further comprises illustrating the augmented retirement score at the one or more historic points in time illustrating an impact of the recommended steps at one or more historic points in time on a current user retirement score, wherein illustrating the augmented user retirement score changes graphical data of the current user retirement score.

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