Patent ID: 8370179
Filing Date: 2013-02-05
Classification: G06Q

Abstract:
1. A non-transitory computer-readable media comprising logic operable, when executed by a data processing system, to: determine and store an account balance for a financial account, the financial account comprising an investment portfolio and a springing guarantee of an income base for a retirement income, the retirement income comprising periodic monetary transfers to be commenced at a target retirement date, each periodic monetary transfer having a respective value based on the income base, the springing guarantee of the income base to be activated on an activation date, wherein the account balance is stored in memory of a computer system; periodically update the stored account balance based at least in part on market performance of the investment portfolio; determine and store the activation date, the determination of the activation date based at least in part on the target retirement date, the activation date antedating the target retirement date by a defined period of time, the activation date postdating an inception date of the financial account, wherein the activation date is stored in memory of the data processing system; determine and store the income base, the income base being a value fixed at a time proximate the activation date, the determination of the income base based at least in part on the stored account balance at the time proximate the activation date, wherein the income base is stored in memory of the data processing system, and wherein the springing guarantee of the income base provides that the value of the income base will not decrease over time so long as discretional withdrawals from the financial account do not exceed a defined limit; and output the respective value for each one of the periodic monetary transfers, the respective value of each one of the periodic monetary transfers being based on the value of the stored income base at a time proximate the one of the periodic monetary transfers.