SYSTEM UTILIZING A RETIREMENT SCORE TO ASSESS AN ABILITY TO SURVIVE A MARKET EVENT BASED ON USER INVESTMENTS

• US 20160275611A1
• 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:
  US14/664,239
• Publication Number:
  US 20160275611A1
• Time in Patent Office: Days
• US Class Current: 1/1
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis
• CPC Class Codes: G16H 50/30 for calculating health indices; for individual health risk assessment
• CPC Class Codes: G16Z 99/00 Subject matter not provided for in other main groups of this subclass

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 determine a market event; and determine an increase or decrease in the retirement score based on the market event.

Claims

1. A system for assessing retirement planning based on a retirement score and a market event, 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;

determine a market event; and

determine an increase or decrease in the retirement score based on the market event.

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

determine a social network associated with the user;

determine an increase or decrease in a social health score based on the event.

3. The system of claim 2, 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 an investment plan based 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 and the market event.

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 and a market event, 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;

determine a market event; and

determine an increase or decrease in the retirement score based on the market event.

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

determine a social network associated with the user;

determine an increase or decrease in a social health score based on the event.

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 and the market event.

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 and a market event, 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 market event; and

determining, using a computing device processor, an increase or decrease in the retirement score based on the market event.

14. The method of claim 13, further comprising:

determine a social network associated with the user;

determine an increase or decrease in a social health score based on the event.

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 and the market event.

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.