LIFETIME INCOME ANALYSIS TOOL

• US 20130318007A1
• Filed: 05/23/2013
• Published: 11/28/2013
• Est. Priority Date: 05/23/2012
• Status: Abandoned Application

• Current Assignee: Putnam Investments
• Original Assignee: Putnam Investments
• Inventors: Van Harlow, William, O'Connell, Paul P., Nguyen, David R., Dubovik, Staci, Sagalyn, Eric H.
• Application Number:
  US13/900,978
• Publication Number:
  US 20130318007A1
• Time in Patent Office: Days
• US Class Current: 705/36.R
• CPC Class Codes: G06Q 10/10 Office automation; Time management
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

A lifetime income analysis tool (LIAT) that includes a client-based application that provides selective information relating to an individual'"'"'s retirement. The client-based application processes the selective information to be sent as a request. A server-based application receives the request and processes the request to evaluate the feasibility of an individual'"'"'s retirement income goal. The server-based application also provides a customized estimate of expected future monthly income needed to cover a broad range of health-care costs in retirement utilizing a plurality of LIAT factors. The server-based application sends its findings as a response to the client-based application for viewing by a user.

Claims

1. A lifetime income analysis tool (LIAT) comprising:

a client-based application that provides selective information relating to an individual'"'"'s retirement, and allowing users to customize and visualize their retirement plan to determine viability and estimate expected future monthly income needed to cover a broad range of health care costs in retirement utilizing a plurality of LIAT factors; and

a server-based application that receives and processes requests from the client-based application to retrieve and store retirement plan information.

2. The LIAT of claim 1, wherein the client-based application leverages HTML, CSS, and JavaScript.

3. The LIAT of claim 2, wherein the client-based application runs in a web browser.

4. The LIAT of claim 1, wherein the server-based application utilizes third party providers to access information.

5. The LIAT of claim 1, wherein the server-based application comprises a database to store LIAT factors.

6. The LIAT of claim 5, wherein the server-based application stores actuarial data to compute the LIAT factors.

7. The LIAT of claim 1, wherein the server-based application comprises asset data that is stored in a database or secured memory.

8. The LIAT of claim 1, wherein the server-based application utilizes a third party service provider to maintain selective client'"'"'s record keeping information.

9. The LIAT of claim 1, wherein the client-based application provides a user interface that allows a user to customize and visualize LIAT analysis data.

11. The method of claim 1, wherein the client-based application leverages HTML, CSS, and JavaScript.

12. The method of claim 2, wherein the client-based application runs in a web browser.

13. The method of claim 1, wherein the server-based application utilizes third party providers to access information.

14. The method of claim 1, wherein the server-based application comprises a database to store LIAT factors.

15. The method of claim 5, wherein the server-based application stores actuarial data to compute the LIAT factors.

16. The method of claim 1, wherein the server-based application comprises asset data that is stored in a database or secured memory.

17. The method of claim 1, wherein the server-based application utilizes a third party service provider to maintain selective client'"'"'s record keeping information.

18. The method of claim 1, wherein the client-based application provides a user interface that allows a user to customize and visualize LIAT analysis data.

10. A method of performing retirement planning analysis comprising

providing selective information relating to an individual'"'"'s retirement using a client-based application, and allowing users to customize and visualize their retirement plan to determine viability and estimate expected future monthly income needed to cover a broad range of health care costs in retirement utilizing a plurality of LIAT factors;

and

receiving and processing requests from the client-based application using a server-based application to retrieve and store retirement plan information.