Method, apparatus and system for financial planning incorporating calculated health costs and health-based longevity
First Claim
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1. Apparatus for financial planning, comprising:
- a financial management tool for providing as an output the amount of money that an individual needs to save to cover retirement expenditures, said tool adapted to include as an input thereto calculated health care expenses based on the health of the individual and health-based life expectancy based on the health of the individual; and
,a display coupled to said financial management tool for displaying said output.
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Abstract
A financial management tool includes calculated health care costs and health-based longevity to provide information to retirees to be able to calculate the amount of money that needs to be saved to cover retirement expenditures.
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Citations
19 Claims
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1. Apparatus for financial planning, comprising:
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a financial management tool for providing as an output the amount of money that an individual needs to save to cover retirement expenditures, said tool adapted to include as an input thereto calculated health care expenses based on the health of the individual and health-based life expectancy based on the health of the individual; and
,a display coupled to said financial management tool for displaying said output. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. A method for providing an individual with information relating to the amount of savings necessary to cover health care costs in retirement, comprising the step of:
providing the individual with a calculated estimate of the savings necessary to cover health care costs by including in the calculation the individual'"'"'s health status. - View Dependent Claims (15, 16, 17, 18, 19)
Specification