Patent ID: 8639538
Filing Date: 2014-01-28
Classification: G06Q

Abstract:
1. A non-transitory processor-readable medium storing code representing instructions to be executed by a processor, the code comprising code to cause the processor to: receive, from a user, an input of a plurality of values associated with financial information of a married couple; calculate, using the plurality of values, an average indexed monthly earnings (AIME) value and a primary insurance amount (PIA) value for each individual from the married couple; calculate, using at least one of the AIME value or the PIA value for each individual from the married couple, a plurality of Social Security election outcomes using each election strategy from a plurality of election strategies for each primary age combination from a plurality of primary age combinations paired with each secondary age combination from a plurality of secondary age combinations for the married couple, each secondary age combination from the plurality of secondary age combinations including at least one of an election age for auxiliary Social Security benefits, an election age for spousal Social Security benefits, an election age to receive Social Security benefits as a child, or an election age to receive Social Security benefits as a widow; select, from the plurality of Social Security election outcomes and for each primary age combination from the plurality of primary age combinations, an optimal result and an election strategy used to calculate the optimal result for that primary age combination; and present the optimal result for each primary age combination from the plurality of primary age combinations to the user in a selectable user-interface grid such that the user can view, for each primary age combination from the plurality of primary age combinations, (1) a secondary age combination from the plurality of secondary age combinations and associated with the optimal result for that primary age combination and (2) the election strategy used to calculate the optimal result for that primary age combination.