Patent ID: 8583529
Filing Date: 2013-11-12
Classification: G06Q

Abstract:
1. A method for automatically allocating funds within a retirement investor's investment vehicle, comprising the steps of: storing personal information corresponding to the retirement investor in a computerized database; using a computer to deduct funds automatically from the pay of the retirement investor, and automatically placing those deducted funds in deferred annuity associated with the retirement plan; informing the retirement investor of the specifics concerning the annuity and that the retirement investor may opt out of the purchase; providing the retirement investor with a choice to opt out of the purchase of the deferred annuity; where the retirement investor does choose to opt out using a computer to cease the use of related deductions to purchase the deferred annuity; and using a computer to record the decision of the retirement investor and transmit information to the payroll processor of the retirement investor's employer concerning the retirement investor's decision.