Abstract:
A system and an apparatus may include: a memory coupled to at least one processor, the at least one processor being configured to execute a method to determine a risk adjusted wealth score based on a variety of parameters and data such that a user can be made aware of a likelihood of achieving a financial goal.

Description:
BACKGROUND 
     Technical Field 
       [0001]    The present disclosure relates to electronic devices, in general, and, more particularly, to a method and apparatus for determining the likelihood of meeting a financial goal. 
       Description of the Related Art 
       [0002]    While every generation has its own set of challenges and adversities to overcome, the current generation of millennial (i.e., those who reached young adulthood around the year 2000) face a uniquely challenging financial environment resulting from a variety of events including, for example, the fall of companies like Enron™ and WorldCom™, the housing bubble and the economic crisis of 2008. Such events have contributed to an “economic post-traumatic stress disorder” and ongoing economic difficulties for millennials. 
         [0003]    For those who graduated college between the years 2006 and 2010, 14% cannot find full-time work and only 55.3% of young adults aged 16-29 have jobs. With such problems, retirement planning is at the bottom of most to-do lists for those within this age bracket. However, long-term financial security remains important for everyone. 
         [0004]    Conventional methods for calculating financial goals, retirement gaps, and more generally, trends in one&#39;s financial health, work poorly for millennials because there are an increasing number of factors that were not considered by those models. 
         [0005]    Accordingly, new methods and systems for calculating one&#39;s financial health and goals are needed. 
       SUMMARY 
       [0006]    The present disclosure relates to a methods and systems based on statistical and mathematical approaches that allow a user to easily and quickly perform a variety of calculations relating to, for example, financial planning, financial goal calculation, retirement gap calculation planning, wealth accumulation, and pension analysis. In an embodiment of the present disclosure, a method and system for calculating the likelihood of meeting financial objectives is disclosed. 
         [0007]    An apparatus in accordance with the present disclosure may include a computing device including a display, a memory coupled to at least one processor, the at least one processor being configured to: execute a method to determine a wealth score, wherein the method calculates a wealth score based upon a projected income, a projected contribution to savings, and a projected portfolio balance based upon a plurality of parameters. Statistical data may be applied to determine a statistical annual investment yield and wherein the wealth score is adjusted based upon a risk profile of a user, and displaying the wealth score. The parameters may include a current age of a user, an expected retirement age of the user, a current income of the user, and a credit score of the user. The data and parameters utilized in the method may be updated in real-time. 
         [0008]    The method executed by the apparatus may include: forecasting the projected income based upon an age of the user and an expected retirement age of the user; forecasting the projected contribution based upon a contribution rate, a credit risk, the age of the user, and the expected retirement age of the user; forecasting an investment portfolio balance based upon the projected income and the projected contribution, the age of the user, and the expected retirement age of the user; calculating the wealth score based upon the projected portfolio balance, expected lifespan after retirement, average income before retirement, and desired percentage of income at retirement; and adjusting the wealth score based on a risk factor. 
         [0009]    More particularly, the method of calculating a likelihood of meeting a financial objective may be based on a plurality of parameters that are specific to particular user including, for example, the following: (1) age; (2) annual gross income; (3) initial contribution to an investment account to start retirement savings; (4) non-discretionary expenses; (5) discretionary expenses; (6) credit score; and (7) whether the user has identity protection insurance. Other parameters are also considered but are not user specific as they are the same for all users. These parameters include: (1) tax rate (R tax ), which is specific for individuals within a particular tax bracket); (2) inflation rate (R inf ); (3) retirement horizon, i.e., age of retirement; (4) retirement longevity (RL), which is the expected lifespan of the user after retirement; (5) a retirement discount factor (RDF), which is the percent of the user&#39;s average annual income that is desired for retirement (e.g., 70%); (6) an income growth rate (R inc ), which is an annual rate of personal income growth; (7) a credit risk factor for identity protection (GRIP), which is a credit risk factor resulting from a lack of identity protection insurance; (8) a credit risk factor for bad credit score (CRCS), which is a credit risk factor resulting from a low credit score; and (9) an investment rate (R inv ), which is an expected investment rate for the user&#39;s investment account. 
         [0010]    The likelihood of meeting the financial objective may be provided by a risk adjusted wealth score, which corresponds to a percentage of likelihood of meeting the financial objective. At least some of the above described parameters are used to determine the user&#39;s projected income and savings overtime such that the likelihood of meeting a particular financial objective can be provided. To that end, a combined credit risk factor may be calculated by adding CRIP to the quantity CRCS multiplied by a constant divided by the user&#39;s credit score, where the constant may be 300, which is the worst possible credit score out of 850 as traditionally scored. Also, a real investment rate (R real ) which takes into account the inflation rate may be calculated, R real  is equal to the investment rate (R inv ) (an expected investment rate for one&#39;s investment account) minus the inflation rate (R inf ). Also, the monthly net income may be calculated by subtracting the percentage thereof which is taxed, in particular, the monthly net income may be calculated by taking the portion of the yearly income that is not lost to taxes and dividing by the number of months in the year, i.e., 12. In addition, the contribution rate, i.e., the portion of the monthly income that may be contributed to the retirement investment account may be calculated by subtracting from the monthly net income the user&#39;s expenses including both discretionary and non-discretionary expenses and dividing by the monthly net income. Forecasting user&#39;s financial balance until the user&#39;s retirement age is determined by the following equation: Projected Income i =Projected Income i-1 *(1+R inc −R inf ), where current age&lt;i≦retirement age. The user&#39;s portfolio balance may be calculated as a function of the initial contribution to the user&#39;s savings and the projected contribution, and may be calculated by adding the contribution to the projected balance and multiplying by the quantity of 1 plus R real . In particular, the portfolio balance at the user&#39;s retirement may be determined by the following equation: (Portfolio Balance i-1 +Contribution i )*(1+R real ), where current age&lt;i≦retirement age. The average income may be determined by taking the sum of the projected income for a given number of years and dividing the the given number of years. 
         [0011]    For example, the average income over 10 years may be provided by the following equation: 
         [0000]      Income average =Σ i=retirement age−10   retirement age   PI   i /10.
 
         [0012]    Thereafter, a raw wealth score (RWS) may be calculated. The RWS is a function of the portfolio balance at the retirement age, the retirement horizon (RL) (i.e., age of retirement), the average income, and a retirement discount factor (RDF) (i.e., a percent of the user&#39;s average annual income that is desired for retirement (e.g., 70%)). 
         [0013]    In particular, RWS may be provided by the following equation: 
         [0000]    
       
         
           
             RWS 
             = 
             
               
                 
                   
                     ( 
                     
                       Portfolio 
                        
                       
                           
                       
                        
                       Balance 
                     
                     ) 
                   
                   
                     retirement 
                      
                     
                         
                     
                      
                     age 
                   
                 
                 RL 
               
               * 
               
                 ( 
                 
                   
                     Income 
                     avg 
                   
                   * 
                   RDF 
                 
                 ) 
               
               * 
               100 
                
               % 
             
           
         
       
     
         [0014]    The RWS may be adjusted for risk. For example, a risk adjusted wealth score (RAWS)=RWS*(I−Risk Factor), where Risk Factor is a constant value for a particular age. 
         [0015]    The above and other aspects, features and advantages of the present disclosure will become apparent from the following description read in conjunction with the accompanying drawings, in which like reference numerals designate the same elements. 
     
    
     
       BRIEF DESCRIPTION OF THE DRAWINGS 
         [0016]      FIG. 1  is a diagram of an example of a system according to aspects of the present disclosure; 
           [0017]      FIG. 2  is a diagram of an example of a client device according to aspects of the present disclosure; 
           [0018]      FIG. 3  is a diagram depicting a system according to aspects of the present disclosure; 
           [0019]      FIG. 4  is a diagram depicting the interrelationship between various components of a system according to aspects of the present disclosure; 
           [0020]      FIG. 5  depicts steps of a method utilized by a system according to aspects of the present disclosure; 
           [0021]      FIG. 6  depicts a flowchart detailing steps of a portion of the method according to aspects of the present disclosure; 
           [0022]      FIG. 7  depicts a flowchart detailing steps of a portion of the method according to aspects to the present disclosure; and 
           [0023]      FIG. 8  depicts a diagram detailing factors considered in determining one of the parameters of the method according to aspects of the present disclosure. 
       
    
    
     DETAILED DESCRIPTION 
       [0024]    Reference will now be made in detail to embodiments of the invention. Wherever possible, same or similar reference numerals are used in the drawings and the description to refer to the same or like parts or steps. The drawings are in simplified form and are provided only for illustrative purposes. 
         [0025]      FIG. 1  is a diagram of an example of a system  100  according to aspects of the disclosure. As illustrated, the system  100  may include a commercial service system (CSS)  101 , client devices  102 - 105 , and a communications network  106 . 
         [0026]    According to aspects of the disclosure, the CSS  101  may include one or more servers (e.g., a single server, a server farm, etc.) that are used to provide a commercial service (e.g., a stock portfolio management service). In operation, CSS  101  may maintain a consumer or user profile database (CDB) that includes records for the consumer or users who have joined the commercial service (e.g., the members of the service). Additionally, or alternatively, the CSS may include hardware and/or software for performing stock trading transactions and/or any other suitable type of transaction on behalf of the consumer or users who have joined the service. 
         [0027]    The client devices  102 - 105  may include any suitable type of computing device. For example, any of the client devices  102 - 105  may include a smartphone, a desktop computer, a laptop, a gaming console, a digital media player, etc. The communications network  106  may include one or more of a local area network (LAN), a wide area network (WAN), a wireless network (e.g., 802.11, 4G, etc.), and or any other suitable type of network. Each of the client devices  102 - 105  may be associated with a respective user  102   a - 105   a  who is a member of the service. 
         [0028]      FIG. 2  is a diagram of an example of the commercial service system (CSS)  101 , according to aspects of the disclosure. As illustrated, the CSS  101  includes a processor  201 , a communications interface  203 , and a memory  205 . According to aspects of the disclosure, the processor  201  may include any suitable type of processing circuitry, such as a general-purpose processor (e.g., an ARM-based processor), an application-specific integrated circuit (ASIC), or a Field-Programmable Gate Array (FPGA). The communications interface  203  may include any suitable type of communications interface, such as a WiFi interface, an Ethernet interface, a Long-Term Evolution (LTE) interface, a Bluetooth Interface, an Infrared interface, etc. The memory  205  may include any suitable type of volatile and non-volatile memory, such as random-access memory (RAM), read-only memory (ROM), a hard disk (HD), a solid state drive (SSD), a CD-ROM, flash memory, cloud storage, or network accessible storage (NAS). In some implementations, the memory  205  may store a consumer or user profile database (CDB)  207  and service logic  209 . 
         [0029]    The CDB  207  may include any suitable type of data structure that is arranged to store one or more consumer or user profile records. By way of example, the CDB  207  may include one or more of a file system folder, a relational database, an SQL database, etc. Each profile record may include a data structure containing consumer or user profile information. 
         [0030]    The service logic  209  may include one or more of a load balancer, a service frontend that is arranged to interface with instances of a mobile application (e.g. an App) that are executed on the client devices  102 - 105 , and a service backend arranged to provide the particular service. For example, the service backend may be arranged to provide various portfolio management functions, such as buying stock, selling of stock, generating of portfolio reports. Additionally or alternatively, as another example, the service backend may implement an online store, a shopping cart, a billing system, etc. 
         [0031]    Although in this example the CSS  101  is presented as an integral device, in some implementations the CSS  101  may be implemented as a network of computers, and/or a server farm. For instance, the CDB  207  and the service logic  209  may be hosted on different computers. Moreover, any of the CDB  207  and the service logic  209  may be hosted on multiple computers. 
         [0032]    In particular, as shown in  FIG. 3 , the CSS  101  is depicted as including multiple computing devices  301 - 303  which may include a cloud server  301 , the Internet  302 , external service(s)  303 , as well as a mobile terminal M (e.g., a smartphone) which includes an application A running thereon and a display D. The application A referred to herein as a “wealth score” app or application provides consumer or user U with a wealth score that may be displayed on the display D of the mobile terminal M. It is to be understood that the mobile terminal M described herein may be any computing device including, for example, a personal computer. The wealth score corresponds to a likelihood of a user U of reaching a particular financial goal. The wealth score may be based upon inputs and data inputted by or received from the user U and the other computing devices  301 - 303 . For example, the application A may instruct the mobile device M to receive information from the computing devices  301 - 303  or to request said computing devices  301 - 303  to perform various calculations. For example, the external services  303  may communicate a variety of information such as, for example, a credit score or other information from a credit bureau, e.g., a credit reporting and/or scoring bureau. 
         [0033]    The wealth score calculation method utilizes an algorithm that is a function of various inputs, parameters and/or data. For example, the wealth score algorithm may take at least one of the following inputs into consideration: age, initial contribution to savings, income, retirement savings, contribution rate (e.g., percent of income saved), spending (e.g., non-discretionary spending), input safety net (e.g., other sources of wealth or income), credit score, and/or identity protection. 
         [0034]      FIG. 4  depicts a block diagram depicting how data and parameters are used to generate a wealth score. In particular, consumer or user U may try to achieve certain financial goal(s) G. These financial goals G may include for example saving a certain amount of money by retirement and/or having an income from savings of a certain amount by retirement. The user&#39;s current, projected, and targeted savings define the user&#39;s financial path toward the financial goals G and serve as a primary input for wealth score app A to perform a calculation which instructs the execution of a method, which is a logical aggregation of all available public data sources such as industry indices, trends, historical data, etc. 
         [0035]    As shown in  FIG. 5 , a flow chart details basic input factors  401 - 405  in the execution of the app A. In particular, the user U may input various information including, for example, the current funds  401 , investments  402 , retirement longevity  403  (i.e., how many years post retirement one expects to live), retirement age  404 , and current income  405 . Based on the current funds  401 , the current savings  406  of the individual U may be determined, and based on the current funds  401 , the investments  402  (which includes various factors like interest, contribution rate, etc.), the projected savings  407  of the user U at retirement may be determined. The target savings  407  is a favor of the current savings  406 , the projected savings  407 , as well as, the retirement age  404  and the current income  405 . Based on the calculated current savings  406 , the projected savings  407 , and the target savings  408 , a wealth score  409  can be determined. In addition, a wealth score trend  410  (e.g., an increasing or decreasing likelihood of meeting one&#39;s financial goals G) may be determined, as well as a wealth score RAG  411 , which may be a wealth score indicator for a range of scores. In particular, RAG may be an indicator light indicating a red light, an amber light, and a green light, where a red light indicates that a person&#39;s wealth score is inadequate or the wealth score trend is negative, whereas an amber light may be neutral, and a green light may be positive. The wealth score  409 , the wealth score trend  410 , and the wealth score RAG  411  may be displayed on the user&#39;s computer or mobile terminal M. 
         [0036]      FIG. 6  depicts a flowchart which is shown as a factor tree. For example, the wealth score value  409  is based upon a raw wealth score calculation  501 , which in turn is based upon projected income  502 , retirement funds  503 , and income goal at planned retirement age  504 . The projected income  502  is based upon investment  505  and retirement longevity  506 . Similarly, the investment  402  is determined by the previous investments  602 , the inflation index  604 , the current year contribution  602 , and the statistical annual investment yield  603 . As shown in  FIG. 8 , statistical data pertaining to a variety of factors including, for example, unemployment rate, disability rate, credit score, identity theft, inflation rate, job loss rate, and retirement age can be used to make projections relating to the investment yield  603 . 
         [0037]    In an embodiment of the present disclosure, a method of determining the above described wealth score  409  may be based on a plurality of parameters that are specific to particular user including, for example, the following: (1) age; (2) annual gross income; (3) initial contribution to an investment account to start retirement savings; (4) non-discretionary expenses; (5) discretionary expenses; (6) credit score; and (7) whether the user has identity protection insurance. Other parameters are also considered but are not user specific as they are the same for all users. These parameters include: (1) tax rate (R tax ), which is specific for individuals within a particular tax bracket); (2) inflation rate (R inf ); (3) retirement horizon, i.e., age of retirement; (4) retirement longevity (RL), which is the expected lifespan of the user after retirement; (5) a retirement discount factor (RDF), which is the percent of the user&#39;s average annual income that is desired for retirement (e.g., 70%); (6) an income growth rate (R inc ), which is an annual rate of personal income growth; (7) a credit risk factor for identity protection (CRIP), which is a credit risk factor resulting from a lack of identity protection insurance; (8) a credit risk factor for bad credit score (CRCS), which is a credit risk factor resulting from a low credit score; and (9) an investment rate (R inv ), which is an expected investment rate for the user&#39;s investment account. 
         [0038]    A method  700  of determining a wealth score is shown in  FIG. 9 . In particular, the steps of determining a wealth score include calculating a combined credit risk factor ( 701 ), calculating a real investment rate ( 703 ), calculating a contribution rate based on monthly net income and expenses ( 705 ), forecasting projected income ( 707 ), forecasting projected contribution ( 709 ), forecasting investment portfolio balance ( 711 ), calculating average income before retirement ( 713 ), and/or calculating a wealth score, which may be adjusted based on risk ( 715 ). Each of these steps is discussed in more detail below. 
         [0039]    In particular, the likelihood of meeting the financial objective may be provided by a risk adjusted wealth score, which corresponds to a percentage of likelihood of meeting the financial objective. At least some of the above described parameters are used to determine the user&#39;s projected income and savings overtime such that the likelihood of meeting a particular financial objective can be provided. To that end, at step  701 , combined credit risk factor may be calculated by adding CRIP to the quantity CRCS multiplied by a constant divided by the user&#39;s credit score, where the constant may be 300, which is the worst possible credit score out of 850 as traditionally scored. Also, at step  702 , real investment rate (R real ) which takes into account the inflation rate may be calculated, R real  is equal to the investment rate (R inv ) (an expected investment rate for one&#39;s investment account) minus the inflation rate (R inf ). Also, at step  705 , the contribution rate may be determined based upon income and tax, for example. In particular, the monthly net income may be calculated by subtracting the percentage thereof which is taxed, in particular, the monthly net income may be calculated by taking the portion of the yearly income that is not lost to taxes and dividing by the number of months in the year, i.e., 12. In addition, the contribution rate, i.e., the portion of the monthly income that may be contributed to the retirement investment account may be calculated by subtracting from the monthly net income the user&#39;s expenses including both discretionary and non-discretionary expenses and dividing by the monthly net income. 
         [0040]    Steps  707 - 711 , forecast one&#39;s financial balance until retirement. Forecasting user&#39;s financial balance until the user&#39;s retirement age. In particular, at step  707 , projected income may be determined by the following equation: Projected Income i =Projected Income i-1 *(1+R inc −R inf ), where current age&lt;i≦retirement age. At step  709 - 711 , the user&#39;s portfolio balance may be calculated as a function of the initial contribution to the user&#39;s savings and the projected contribution. In particular, at step  709 , the projected contribution is provided by the equation: (Projected Contribution) i =(Projected Income) i *(Contribution Rate−Risk credit ), where current age&lt;i≦retirement age. Also, at step  711 , the portfolio balance at the user&#39;s retirement may be determined by the following equation: (Portfolio Balance i-1 +Contribution i )*(1+R real ), where current age&lt;i≦retirement age. 
         [0041]    Thereafter, at steps  713 - 715 , the average income before retirement and a wealth score may be calculated. In particular, at step  714 , the average income may be determined by taking the sum of the projected income for a given number of years and dividing the the given number of years. 
         [0042]    For example, the average income over 10 years may be provided by the following equation: 
         [0000]      Income average =Σ i=retirement age−10   retirement age   PI   i /10.
 
         [0043]    Thereafter, at step  715 , a raw wealth score (RWS) may be calculated. The RWS is a function of the portfolio balance at the retirement age, the retirement horizon (RL) (i.e., age of retirement), the average income, and a retirement discount factor (RDF) (i.e., a percent of the user&#39;s average annual income that is desired for retirement (e.g., 70%)). 
         [0044]    In particular, RWS may be provided by the following equation; 
         [0000]    
       
         
           
             RWS 
             = 
             
               
                 
                   
                     ( 
                     
                       Portfolio 
                        
                       
                           
                       
                        
                       Balance 
                     
                     ) 
                   
                   
                     retirement 
                      
                     
                         
                     
                      
                     age 
                   
                 
                 RL 
               
               * 
               
                 ( 
                 
                   
                     Income 
                     avg 
                   
                   * 
                   RDF 
                 
                 ) 
               
               * 
               100 
                
               % 
             
           
         
       
     
         [0045]    The RWS may be adjusted for risk. For example, a risk adjusted wealth score (RAWS)=RWS*(1−Risk Factor), where Risk Factor is a constant value for a particular age. 
         [0046]    Various risk factors can affect a user&#39;s ability to reach a financial goal including the user&#39;s credit score, the user&#39;s lack of identity theft insurance, the user&#39;s financial situation, and/or the health of the user. For example, Table 1 below identities various risk factors based upon age and a calculation of the risk factor. The risk factor may be equal to the sum of the risk factors, e.g., for age 25, 0.052+0.100+0.150+0.010=0.40. 
         [0000]    
       
         
               
             
               
               
               
               
               
               
             
           
               
                 TABLE 1 
               
             
             
               
                   
               
               
                 Risk factors that can affect the ability to reach goal: 
               
             
          
           
               
                 Age group 
                 Longevity 
                 id theft 
                 Financial 
                 Health 
                 Risk factor 
               
               
                   
               
               
                 25 
                 5.2% 
                 10%  
                 15%  
                 10%  
                 0.40 
               
               
                 35 
                 4.2% 
                 7% 
                 12%  
                 8% 
                 0.31 
               
               
                 45 
                 3.3% 
                 5% 
                 9% 
                 5% 
                 0.22 
               
               
                 55 
                 2.5% 
                 4% 
                 5% 
                 4% 
                 0.16 
               
               
                 65 
                 1.8% 
                 3% 
                 2% 
                 2% 
                 0.09 
               
               
                   
               
             
          
         
       
     
         [0047]    An example of calculating a wealth score is provided hereinbelow. First, as shown in Table 2, various inputs are entered. An additional input may be a safety net, e.g., income or savings from other sources, e.g., relatives. 
         [0000]    
       
         
               
             
               
               
               
             
           
               
                 TABLE 2 
               
               
                   
               
               
                 Inputs 
               
               
                   
               
             
             
               
                   
               
             
          
           
               
                   
                 Age 
                 25 
               
               
                   
                 Income 
                 120,000 
               
               
                   
                 Total Savings 
                 7,000 
               
               
                   
                 Contribution rate 
                 10.00% 
               
               
                   
                 Non-discretionary spending 
                 60,000 
               
               
                   
                 Credit score 
                 730 
               
               
                   
                 Identity protection 
                 yes 
               
               
                   
               
             
          
         
       
     
         [0048]    Second, a recommended retirement income goal may be provided by the system or may be entered by the user. For example, for the inputs given above, it may be recommended that at retirement, the user have an income of $146,944. 
         [0049]    The following additional parameters or assumptions may be provided as shown in Table 3 below. 
         [0000]    
       
         
               
             
           
               
                 TABLE 3 
               
               
                   
               
               
                 Additional Parameters and assumptions utilized in the method. 
               
               
                   
               
             
             
               
                 
                   
                             
                     
                         
                         
                     
                   
                 
               
               
                   
               
             
          
         
       
     
         [0050]    Based on the above, contributions and investments may be forecasted for this example from the user&#39;s age 25 until expected death, e.g., age 90, as shown below in Table 4. 
         [0000]    
       
         
               
             
               
               
               
               
               
               
               
             
               
               
               
               
               
               
               
             
           
               
                 TABLE 4 
               
             
             
               
                   
               
               
                 Forecast of retirement horizon including projected 
               
               
                 contribution and investments, as well as value of credit risk. 
               
             
          
           
               
                   
                   
                 10 Y 
                 Safety 
                   
                   
                   
               
               
                   
                   
                 Avg. 
                 net 
                   
                   
                 Credit 
               
               
                 Age 
                 Income 
                 Income 
                 buildup 
                 Contribution 
                 Investment 
                 risk 
               
               
                   
               
             
          
           
               
                 25 
                 120,000 
                   
                   
                 0 
                 — 
                   
               
               
                 26 
                 121,800 
                   
                 $0 
                 9,677 
                 10,226 
                 2,503 
               
               
                 27 
                 123,627 
                   
                 $0 
                 9,822 
                 21,187 
                 2,540 
               
               
                 28 
                 125,481 
                   
                 $0 
                 9,970 
                 32,925 
                 2,578 
               
               
                 29 
                 127,364 
                   
                 $0 
                 10,119 
                 45,487 
                 2,617 
               
               
                 30 
                 129,274 
                   
                 $0 
                 10,271 
                 58,922 
                 2,656 
               
               
                 31 
                 131,213 
                   
                 $0 
                 10,425 
                 73,282 
                 2,696 
               
               
                 32 
                 133,181 
                   
                 $0 
                 10,582 
                 88,623 
                 2,737 
               
               
                 33 
                 135,179 
                   
                 $0 
                 10,740 
                 105,002 
                 2,778 
               
               
                 34 
                 137,207 
                 128,433 
                 $0 
                 10,901 
                 122,481 
                 2,819 
               
               
                 35 
                 139,265 
                 130,359 
                 $0 
                 11,065 
                 141,125 
                 2,862 
               
               
                 36 
                 141,354 
                 132,315 
                 $0 
                 11,231 
                 161,002 
                 2,905 
               
               
                 37 
                 143,474 
                 134,299 
                 $0 
                 11,399 
                 182,185 
                 2,948 
               
               
                 38 
                 145,626 
                 136,314 
                 $0 
                 11,570 
                 204,751 
                 2,992 
               
               
                 39 
                 147,811 
                 138,358 
                 $0 
                 11,744 
                 228,781 
                 3,037 
               
               
                 40 
                 150,028 
                 140,434 
                 $0 
                 11,920 
                 254,361 
                 3,083 
               
               
                 41 
                 152,278 
                 142,540 
                 $0 
                 12,099 
                 281,581 
                 3,129 
               
               
                 42 
                 154,562 
                 144,678 
                 $0 
                 12,280 
                 310,538 
                 3,176 
               
               
                 43 
                 156,881 
                 146,849 
                 $0 
                 12,465 
                 341,333 
                 3,224 
               
               
                 44 
                 159,234 
                 149,051 
                 $0 
                 12,651 
                 374,073 
                 3,272 
               
               
                 45 
                 161,623 
                 151,287 
                 $0 
                 12,841 
                 408,872 
                 3,321 
               
               
                 46 
                 164,047 
                 153,556 
                 $0 
                 13,034 
                 445,849 
                 3,371 
               
               
                 47 
                 166,508 
                 155,860 
                 $0 
                 13,229 
                 485,131 
                 3,421 
               
               
                 48 
                 169,005 
                 158,198 
                 $0 
                 13,428 
                 526,852 
                 3,473 
               
               
                 49 
                 171,540 
                 160,571 
                 $0 
                 13,629 
                 571,153 
                 3,525 
               
               
                 50 
                 174,113 
                 162,979 
                 $0 
                 13,834 
                 618,185 
                 3,578 
               
               
                 51 
                 176,725 
                 165,424 
                 $0 
                 14,041 
                 668,105 
                 3,631 
               
               
                 52 
                 179,376 
                 167,905 
                 $0 
                 14,252 
                 721,081 
                 3,686 
               
               
                 53 
                 182,067 
                 170,424 
                 $0 
                 14,466 
                 777,289 
                 3,741 
               
               
                 54 
                 184,798 
                 172,980 
                 $0 
                 14,683 
                 836,915 
                 3,797 
               
               
                 55 
                 187,570 
                 175,575 
                 $0 
                 14,903 
                 900,159 
                 3,854 
               
               
                 56 
                 190,383 
                 178,208 
                 $0 
                 15,126 
                 967,228 
                 3,912 
               
               
                 57 
                 193,239 
                 180,882 
                 $0 
                 15,353 
                 1,038,342 
                 3,971 
               
               
                 58 
                 196,138 
                 183,595 
                 $0 
                 15,584 
                 1,113,736 
                 4,030 
               
               
                 59 
                 199,080 
                 186,349 
                 $0 
                 15,817 
                 1,193,656 
                 4,091 
               
               
                 60 
                 202,066 
                 189,144 
                 $0 
                 16,055 
                 1,278,361 
                 4,152 
               
               
                 61 
                 205,097 
                 191,981 
                 $0 
                 16,295 
                 1,368,128 
                 4,214 
               
               
                 62 
                 208,173 
                 194,861 
                 $0 
                 16,540 
                 1,463,248 
                 4,278 
               
               
                 63 
                 211,296 
                 197,784 
                 $0 
                 16,788 
                 1,564,028 
                 4,342 
               
               
                 64 
                 214,465 
                 200,751 
                 $0 
                 17,040 
                 1,670,793 
                 4,407 
               
               
                 65 
                 217,682 
                 203,762 
                 $0 
                 17,295 
                 1,783,888 
                 4,473 
               
               
                 66 
                 220,947 
                 206,818 
                 $0 
                 17,555 
                 1,903,674 
                 4,540 
               
               
                 67 
                 224,262 
                 209,921 
                 $0 
                 0 
                 2,011,708 
                 4,608 
               
               
                 68 
                 227,626 
                 213,069 
                 $0 
                 0 
                 2,125,872 
                 4,677 
               
               
                 69 
                 231,040 
                 216,265 
                 $0 
                 0 
                 2,246,515 
                 4,747 
               
               
                 70 
                 234,506 
                 219,509 
                 $0 
                 0 
                 2,374,005 
                 4,819 
               
               
                 71 
                 238,023 
                 222,802 
                 $0 
                 0 
                 2,508,730 
                 4,891 
               
               
                 72 
                 241,593 
                 226,144 
                 $0 
                 0 
                 2,651,100 
                 4,964 
               
               
                 73 
                 245,217 
                 229,536 
                 $0 
                 0 
                 2,801,550 
                 5,039 
               
               
                 74 
                 248,896 
                 232,979 
                 $0 
                 0 
                 2,960,538 
                 5,114 
               
               
                 75 
                 252,629 
                 236,474 
                 $0 
                 0 
                 3,128,549 
                 5,191 
               
               
                 76 
                 256,419 
                 240,021 
                 $0 
                 0 
                 3,306,094 
                 5,269 
               
               
                 77 
                 260,265 
                 243,621 
                 $0 
                 0 
                 3,493,715 
                 5,348 
               
               
                 78 
                 264,169 
                 247,276 
                 $0 
                 0 
                 3,691,983 
                 5,428 
               
               
                 79 
                 268,131 
                 250,985 
                 $0 
                 0 
                 3,901,503 
                 5,510 
               
               
                 80 
                 272,153 
                 254,750 
                 $0 
                 0 
                 4,122,914 
                 5,592 
               
               
                 81 
                 276,236 
                 258,571 
                 $0 
                 0 
                 4,356,889 
                 5,676 
               
               
                 82 
                 280,379 
                 262,449 
                 $0 
                 0 
                 4,604,142 
                 5,761 
               
               
                 83 
                 284,585 
                 266,386 
                 $0 
                 0 
                 4,865,427 
                 5,848 
               
               
                 84 
                 288,854 
                 270,382 
                 $0 
                 0 
                 5,141,540 
                 5,935 
               
               
                 85 
                 293,186 
                 274,438 
                 $0 
                 0 
                 5,433,323 
                 6,024 
               
               
                 86 
                 297,584 
                 278,554 
                 $0 
                 0 
                 5,741,664 
                 6,115 
               
               
                 87 
                 302,048 
                 282,732 
                 $0 
                 0 
                 6,067,503 
                 6,206 
               
               
                 88 
                 306,579 
                 286,973 
                 $0 
                 0 
                 6,411,834 
                 6,300 
               
               
                 89 
                 311,177 
                 291,278 
                 $0 
                 0 
                 6,775,706 
                 6,394 
               
               
                 90 
                 315,845 
                 295,647 
                 $0 
                 0 
                 7,160,227 
                 6,490 
               
               
                   
               
             
          
         
       
     
         [0051]    As shown below in Table 5 below, a raw and risk adjusted wealth score for the above example is provided, as well as the projected income. 
         [0000]    
       
         
               
             
               
               
               
             
               
               
               
               
             
           
               
                 TABLE 5 
               
             
             
               
                   
               
               
                 Calculated Wealth Score 
               
             
          
           
               
                   
                 Raw 
                 Risk Adjusted 
               
               
                   
               
             
          
           
               
                   
                 Score 
                 86 
                 51 
               
               
                   
                 Projected income 
                 $125,732 
                 $75,188 
               
               
                   
               
             
          
         
       
     
         [0052]    The above described embodiments are merely exemplary. At least some of the steps discussed with respect to these figures can be performed concurrently, performed in a different order, and/or altogether omitted. It will be understood that the provision of the examples described herein, as well as clauses phrased as “such as,” “e.g.”, “including”, “in some aspects,” “in some implementations,” and the like should not be interpreted as limiting the claimed subject matter to the specific examples. Any of the functions and steps provided in the Figures may be implemented in hardware, software or a combination of both and may be performed in whole or in part within the programmed instructions of a computer. No claim element herein is to be construed under the provisions of 35 U.S.C. 112, sixth paragraph, unless the element is expressly recited using the phrase “means for”. 
         [0053]    While the present disclosure has been particularly shown and described with reference to the examples provided therein, it will be understood by those skilled in the art that various changes in form and details may be made therein without departing from the spirit and scope of the present disclosure as defined by the appended claims. 
         [0054]    Having described at least one of the preferred embodiments of the present invention with reference to the accompanying drawings, it will be apparent to those of skill in the art that the invention is not limited to those precise embodiments, and that various modifications and variations can be made in the presently disclosed system without departing from the scope or spirit of the invention. Thus, it is intended that the present disclosure cover modifications and variations of this disclosure provided they come within the scope of the appended claims and their equivalents.