System for relating investment account information to an investment objective

• US 20020035527A1
• Filed: 04/17/2001
• Published: 03/21/2002
• Est. Priority Date: 04/17/2000
• Status: Abandoned Application

• Current Assignee: William R. Corrin
• Original Assignee: William R. Corrin
• Inventors: Corrin, William R.
• Application Number:
  US09/836,833
• Publication Number:
  US 20020035527A1
• Time in Patent Office: Days
• US Class Current: 705/35
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

A computer-implemented method, computer program, and Internet web site that provides key investment and planning tools for use by individuals in planning their retirement. The invention provides investors with a complete account analysis and investment advisory report that quantifies meaningful saving goals, determines the effectiveness of the investor'"'"'s current strategy, establishes investment performance expectations, offers investment guidance, and monitors and reevaluates their progress. Through a form of artificial intelligence, the invention brings the same sophisticated investment analysis techniques used by large pension plans and money managers to the individual investor, allowing him to interpret account statement information from current and previous periods and easily relate it to two quantifiable goals.

Claims

1. A computer-implemented method of allocating an individual'"'"'s retirement contributions and assets for enhancing retirement income, the method comprising the steps of:

obtaining an investor'"'"'s current and historical personal and account data;

determining an attainable retirement goal based on current salary;

calculating a likely retirement income based on the investor'"'"'s current personal and account data and a calculated expected investment rate of return;

providing at least two alternative strategies for the investor'"'"'s retirement contributions and assets to improve the likely retirement income to the attainable retirement income goal;

calculating and displaying periodic account balances and the present value of the attainable retirement income goal in a computer generated format, the format comprising a comparison between historical account values and the corresponding present values of the account balance required to reach the attainable retirement goal.

2. The method of claim 1, further comprising the step of periodically recalculating the likely retirement income based on actual performance of a selected strategy for the investor'"'"'s retirement contributions and assets and determining changes to the selected strategy for the investor'"'"'s retirement contributions and assets to improve the likelihood of reaching the attainable retirement income goal.

3. The method of claim 1, wherein the step of providing at least two alternative strategies for the investor'"'"'s retirement contributions and assets comprises calculating a likely end of working career income.

4. The method of claim 3, wherein the attainable retirement income goal is less than the end of working career income.

5. The method of claim 3,wherein the attainable retirement income goal is at least the same as the end of working career income.

6. The method of claim 3, wherein the attainable retirement income goal is selected by the investor.

7. The method of claim 1, wherein the step of providing at least two alternative strategies for the investor'"'"'s retirement contributions and assets comprises calculating a maximum return on investment required to reach the attainable retirement income goal, selecting from a plurality of suggested asset allocations to meet the maximum return on investment, and if no suggested asset allocation meets the maximum return on investment, calculating a maximum amount of periodic retirement contributions necessary to reach the attainable retirement income goal, and if the maximum amount of retirement contributions exceeds a predetermined limit, calculating a maximum number of years required to work before retirement.

8. The method of claim 1, wherein the step of providing at least two alternative strategies for the investor'"'"'s retirement contributions and assets comprises calculating a maximum amount of periodic retirement contributions necessary to reach the attainable retirement income goal, and if the maximum amount of retirement contributions exceeds a predetermined limit, calculating a maximum return on investment required to reach the attainable retirement income goal, selecting from a plurality of suggested asset allocations to meet the maximum return on investment, and if no suggested asset allocation meets the maximum return on investment, calculating a maximum number of years required to work before retirement.

9. The method of claim 2, wherein the step of periodically recalculating occurs at least once a year.

10. The method of claim 1, wherein the step of calculating and displaying further comprises displaying a potential range of returns on current investments.

11. The method of claim 1, wherein the step of calculating and displaying comprises showing a calculated rate of return for the time periods comprising year-to-date, one year, three-year, five-year, ten-year, and since beginning of investments, and compares the calculated rate of return for the longest period with an expected rate of return.

12. The method of claim 1, wherein the step of calculating and displaying comprises showing a calculated quarterly percentage change in value of the investor'"'"'s periodic account balances and showing a calculated trend line.

13. The method of claim 1, wherein the step of calculating and displaying comprises showing a calculated comparison of expected retirement income from pursuing a first suggested strategy with expected retirement income from the investor'"'"'s existing strategy of non-participation in an employer'"'"'s retirement plan.

14. The method of claim 1, wherein the step of calculating and displaying comprises showing a calculated comparison of expected retirement income from pursuing a first suggested strategy with expected retirement income from the investor'"'"'s existing strategy.

15. The method of claim 1, wherein the step of calculating and displaying is performed periodically for each of a plurality of members of a participating retirement plan without input from the plurality of members.