System for relating investment account information to an investment objective
First Claim
1. A computer-implemented method of allocating an individual'"'"'s retirement contributions and assets for enhancing retirement income, the method comprising the steps of:
- obtaining an investor'"'"'s current and historical personal and account data;
determining an attainable retirement goal based on current salary;
calculating a likely retirement income based on the investor'"'"'s current personal and account data and a calculated expected investment rate of return;
providing at least two alternative strategies for the investor'"'"'s retirement contributions and assets to improve the likely retirement income to the attainable retirement income goal;
calculating and displaying periodic account balances and the present value of the attainable retirement income goal in a computer generated format, the format comprising a comparison between historical account values and the corresponding present values of the account balance required to reach the attainable retirement goal.
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Abstract
A computer-implemented method, computer program, and Internet web site that provides key investment and planning tools for use by individuals in planning their retirement. The invention provides investors with a complete account analysis and investment advisory report that quantifies meaningful saving goals, determines the effectiveness of the investor'"'"'s current strategy, establishes investment performance expectations, offers investment guidance, and monitors and reevaluates their progress. Through a form of artificial intelligence, the invention brings the same sophisticated investment analysis techniques used by large pension plans and money managers to the individual investor, allowing him to interpret account statement information from current and previous periods and easily relate it to two quantifiable goals.
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Citations
15 Claims
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1. A computer-implemented method of allocating an individual'"'"'s retirement contributions and assets for enhancing retirement income, the method comprising the steps of:
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obtaining an investor'"'"'s current and historical personal and account data;
determining an attainable retirement goal based on current salary;
calculating a likely retirement income based on the investor'"'"'s current personal and account data and a calculated expected investment rate of return;
providing at least two alternative strategies for the investor'"'"'s retirement contributions and assets to improve the likely retirement income to the attainable retirement income goal;
calculating and displaying periodic account balances and the present value of the attainable retirement income goal in a computer generated format, the format comprising a comparison between historical account values and the corresponding present values of the account balance required to reach the attainable retirement goal. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15)
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Specification