SYSTEM FOR OPTIMIZING INVESTING AND/OR DEBT REDUCTION

• US 20160275610A1
• Filed: 03/20/2015
• Published: 09/22/2016
• Est. Priority Date: 03/20/2015
• Status: Abandoned Application

• Current Assignee: Bank of America Corp.
• Original Assignee: Bank of America Corp.
• Inventors: Dintenfass, Katherine, Hanson, Carrie Anne, Nicholson, Daralyn Marie, Wadley, Cameron Darnell
• Application Number:
  US14/664,226
• Publication Number:
  US 20160275610A1
• Time in Patent Office: Days
• US Class Current: 1/1
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

Embodiments of the invention are directed to systems, methods, and computer program products for assessing retirement planning based on a retirement score. The system is configured to access the assets and the liabilities of a user over a network of servers, wherein the assets include illiquid assets and liquid assets, wherein the assets and the liabilities comprise a balance sheet; determine asset values and liability values; determine a retirement score based on the asset values and the liability values; and in response to determining the retirement score is equal to or greater than a threshold score, provide a first recommendation to the user, the first recommendation comprising an investment plan for at least a portion of the liquid assets.

Claims

1. A system for assessing retirement planning based on a retirement score, 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 the assets and the liabilities of a user over a network of servers, wherein the assets include illiquid assets and liquid assets, wherein the assets and the liabilities comprise a balance sheet;

determine asset values and liability values;

determine a retirement score based on the asset values and the liability values; and

in response to determining the retirement score is equal to or greater than a threshold score, provide a first recommendation to the user, the first recommendation comprising an investment plan for at least a portion of the liquid assets.

2. The system of claim 1, wherein the one or more processing devices are configured to execute computer-readable program code to:

in response to determining the retirement score is less than the threshold score, provide a second recommendation to the user, the second recommendation comprising a payoff plan for paying off at least a portion of the liabilities using at least one of the illiquid assets or the liquid assets.

3. The system of claim 1, wherein the one or more processing devices are configured to execute computer-readable program code to:

present the balance sheet on a graphical user interface.

4. The system of claim 1, wherein the one or more processing devices are configured to execute computer-readable program code to:

present the investment plan on a graphical user interface, the investment plan comprising a plan for investing in at least one of stocks, bonds, or real property.

5. The system of claim 4, wherein a type of stocks, bonds, or real property is based on the retirement score.

6. The system of claim 1, wherein the one or more processing devices are configured to execute computer-readable program code to:

receive a physical health score associated with the user, the health score being associated with the physical well-being of the user, wherein the investment plan is further based on the physical health score.

7. A computer program product for assessing retirement planning based on a retirement score, the computer program product comprising a non-transitory computer-readable medium comprising computer-readable program code to:

access the assets and the liabilities of a user over a network of servers, wherein the assets include illiquid assets and liquid assets, wherein the assets and the liabilities comprise a balance sheet;

determine asset values and liability values;

determine a retirement score based on the asset values and the liability values; and

in response to determining the retirement score is equal to or greater than a threshold score, provide a first recommendation to the user, the first recommendation comprising an investment plan for at least a portion of the liquid assets.

8. The computer program product of claim 7, further comprising computer-readable program code to:

in response to determining the retirement score is less than the threshold score, provide a second recommendation to the user, the second recommendation comprising a payoff plan for paying off at least a portion of the liabilities using at least one of the illiquid assets or the liquid assets.

9. The computer program product of claim 7, further comprising computer-readable program code to:

present the balance sheet on a graphical user interface.

10. The computer program product of claim 7, further comprising computer-readable program code to:

present the investment plan on a graphical user interface, the investment plan comprising a plan for investing in at least one of stocks, bonds, or real property.

11. The computer program product of claim 10, wherein a type of stocks, bonds, or real property is based on the retirement score.

12. The computer program product of claim 7, further comprising computer-readable program code to:

receive a physical health score associated with the user, the health score being associated with the physical well-being of the user, wherein the investment plan is further based on the physical health score.

13. A method for assessing retirement planning based on a retirement score, the method comprising:

accessing, using a computing device processor, the assets and the liabilities of a user over a network of servers, wherein the assets include illiquid assets and liquid assets, wherein the assets and the liabilities comprise a balance sheet;

determining, using a computing device processor, asset values and liability values;

determining, using a computing device processor, a retirement score based on the asset values and the liability values; and

in response to determining the retirement score is equal to or greater than a threshold score, providing, using a computing device processor, a first recommendation to the user, the first recommendation comprising an investment plan for at least a portion of the liquid assets.

14. The method of claim 13, further comprising:

in response to determining the retirement score is less than the threshold score, providing a second recommendation to the user, the second recommendation comprising a payoff plan for paying off at least a portion of the liabilities using at least one of the illiquid assets or the liquid assets.

15. The method of claim 13, further comprising:

presenting the balance sheet on a graphical user interface.

16. The method of claim 13, further comprising:

presenting the investment plan on a graphical user interface, the investment plan comprising a plan for investing in at least one of stocks, bonds, or real property.

17. The method of claim 16, wherein a type of stocks, bonds, or real property is based on the retirement score.

18. The method of claim 13, further comprising:

receiving a physical health score associated with the user, the health score being associated with the physical well-being of the user, wherein the investment plan is further based on the physical health score.