Patent ID: 6430542
Filing Date: 2002-08-06
Classification: G06Q

Abstract:
A financial planning system comprising:a computer processor communicating with a data entry device, wherein said data entry device is configured to input economic group data; a goals and assumptions identifier communicating with said processor, wherein said goals and assumptions identifier is configured to input and associate at least one goal and at least one assumption with said economic group data; and a simulator communicating with said processor; wherein said simulator is configured to simulate the passage of time, to analyze an economic group's available financial resources with respect to fulfilling said at least one goal based upon said at least one assumption, and to process at least one financial position for an economic group based upon an analysis of said available financial resources and in response to at least one hypothetical event or transaction; wherein said simulator obtains demographic data and financial data pertaining to said economic group; and wherein said simulator analyzes and solves said at least one goal in an efficient order, accounting for any dependency of future goals upon prior goals, based upon said at least one assumption, said demographic data, and said financial data.