System and Method for Facilitating Management of a Financial Instrument
First Claim
1. A non-transitory computer-readable media comprising logic operable, when executed by a data processing system, to:
- determine and store an account balance for a financial account, the financial account comprising an investment portfolio and a springing guarantee of an income base for a retirement income, the retirement income comprising periodic monetary transfers to be commenced at a target retirement date, each periodic monetary transfer having a respective value based on the income base, the springing guarantee of the income base to be activated on an activation date, wherein the account balance is stored in memory of a computer system;
periodically update the stored account balance based at least in part on market performance of the investment portfolio;
determine and store the activation date, the determination of the activation date based at least in part on the target retirement date, the activation date antedating the target retirement date by a defined period of time, the activation date postdating an inception date of the financial account, wherein the activation date is stored in memory of the data processing system;
determine and store the income base, the income base being a value fixed at a time proximate the activation date, the determination of the income base based at least in part on the stored account balance at the time proximate the activation date, wherein the income base is stored in memory of the data processing system, and wherein the springing guarantee of the income base provides that the income base will not decrease over time so long as discretional withdrawals from the financial account do not exceed a defined limit; and
output the respective value for each one of the periodic monetary transfers, the respective value of each one of the periodic monetary transfers being based on the value of the stored income base at a time proximate the one of the periodic monetary transfers.
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Accused Products
Abstract
A computer-implemented method for facilitating the management of a financial instrument includes determining an account balance for a financial account. The financial account includes an investment portfolio and a springing guarantee of an income base for a retirement income. The retirement income includes periodic monetary transfers to be commenced at a target retirement date. Each periodic monetary transfer has a respective value based on the income base. The springing guarantee of the income base may be activated on an activation date. The account balance is stored in memory of the data processing system. The stored account balance is periodically updated based at least in part on market performance of the investment portfolio. Using a computing system, the activation date is determined based at least in part on the target retirement date and the income base is determined. A respective value is outputted for each one of the periodic monetary transfers. The respective value of each one of the periodic monetary transfers is based on the value of the stored income base at a time proximate the one of the periodic monetary transfers.
108 Citations
48 Claims
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1. A non-transitory computer-readable media comprising logic operable, when executed by a data processing system, to:
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determine and store an account balance for a financial account, the financial account comprising an investment portfolio and a springing guarantee of an income base for a retirement income, the retirement income comprising periodic monetary transfers to be commenced at a target retirement date, each periodic monetary transfer having a respective value based on the income base, the springing guarantee of the income base to be activated on an activation date, wherein the account balance is stored in memory of a computer system; periodically update the stored account balance based at least in part on market performance of the investment portfolio; determine and store the activation date, the determination of the activation date based at least in part on the target retirement date, the activation date antedating the target retirement date by a defined period of time, the activation date postdating an inception date of the financial account, wherein the activation date is stored in memory of the data processing system; determine and store the income base, the income base being a value fixed at a time proximate the activation date, the determination of the income base based at least in part on the stored account balance at the time proximate the activation date, wherein the income base is stored in memory of the data processing system, and wherein the springing guarantee of the income base provides that the income base will not decrease over time so long as discretional withdrawals from the financial account do not exceed a defined limit; and output the respective value for each one of the periodic monetary transfers, the respective value of each one of the periodic monetary transfers being based on the value of the stored income base at a time proximate the one of the periodic monetary transfers. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. A computer-implemented method for facilitating the management of a financial instrument, the method comprising:
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using a data processing system, determining an account balance for a financial account, the financial account comprising an investment portfolio and a springing guarantee of an income base for a retirement income, the retirement income comprising periodic monetary transfers to be commenced at a target retirement date, each periodic monetary transfer having a respective value based on the income base, the springing guarantee of the income base to be activated on an activation date; storing the account balance in memory of the data processing system; periodically updating the stored account balance based at least in part on market performance of the investment portfolio; using the data processing system, determining the activation date, the determination of the activation date based at least in part on the target retirement date, the activation date antedating the target retirement date by a defined period of time, the activation date postdating an inception date of the financial account, wherein the activation date is stored in memory of the data processing system; using the data processing system, determining the income base, the income base being a value fixed at a time proximate the activation date, the determination of the income base based at least in part on the stored account balance at the time proximate the activation date, wherein the income base is stored in memory of the data processing system, and wherein the springing guarantee of the income base provides that the income base will not decrease over time so long as discretional withdrawals from the financial account do not exceed a defined limit; storing the income base in memory of the data processing system; and outputting the respective value for each one of the periodic monetary transfers, the respective value of each one of the periodic monetary transfers being based on the value of the stored income base at a time proximate the one of the periodic monetary transfers. - View Dependent Claims (14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24)
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25. A non-transitory computer-readable media comprising logic operable, when executed by a data processing system, to:
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determine and store an account balance for a financial account, the financial account comprising one or more investments and a springing guarantee of an income base for a retirement income, the retirement income comprising periodic monetary transfers to be commenced at a target retirement date, each periodic monetary transfer having a respective value based on the income base, the springing guarantee of the income base to be activated on an activation date, wherein the account balance is stored in memory of a computer system; periodically update the stored account balance based at least in part on market performance of the one or more investments; determine and store the activation date, the determination of the activation date based at least in part on the target retirement date, the activation date antedating the target retirement date by a defined period of time, the activation date postdating an inception date of the financial account, wherein the activation date is stored in memory of the data processing system; determine and store the income base, the income base being a value fixed at a time proximate the activation date, the determination of the income base based at least in part on the stored account balance at the time proximate the activation date, wherein the income base is stored in memory of the data processing system, wherein the springing guarantee of the income base provides that the income base will not decrease due to negative market performance of the one or more investments, and wherein the springing guarantee of the income base provides that the income base will increase due to positive market performance of the one or more investments; and output the respective value for each one of the periodic monetary transfers, the respective value of each one of the periodic monetary transfers being based on the value of the stored income base at a time proximate the one of the periodic monetary transfers. - View Dependent Claims (26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36)
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37. A computer-implemented method for facilitating the management of a financial instrument, the method comprising:
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using a data processing system, determining an account balance for a financial account, the financial account comprising one or more investments and a springing guarantee of an income base for a retirement income, the retirement income comprising periodic monetary transfers to be commenced at a target retirement date, each periodic monetary transfer having a respective value based on the income base, the springing guarantee of the income base to be activated on an activation date; storing the account balance in memory of the data processing system; periodically updating the stored account balance based at least in part on market performance of the one or more investments; using the data processing system, determining the activation date, the determination of the activation date based at least in part on the target retirement date, the activation date antedating the target retirement date by a defined period of time, the activation date postdating an inception date of the financial account, wherein the activation date is stored in memory of the data processing system; using the data processing system, determining the income base, the income base being a value fixed at a time proximate the activation date, the determination of the income base based at least in part on the stored account balance at the time proximate the activation date, wherein the income base is stored in memory of the data processing system, wherein the springing guarantee of the income base provides that the income base will not decrease due to negative market performance of the one or more investments, and wherein the springing guarantee of the income base provides that the income base will increase due to positive market performance of the one or more investments; and storing the income base in memory of the data processing system; and outputting the respective value for each one of the periodic monetary transfers, the respective value of each one of the periodic monetary transfers being based on the value of the stored income base at a time proximate the one of the periodic monetary transfers. - View Dependent Claims (38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48)
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Specification