Patent ID: 7702527

Claim:
A computer-executable method for financial retirement planning that provides a comparative evaluation of a plurality of health care funding alternatives, so as to enable an individual to select one or more funding alternatives appropriate to their particular set of circumstances; the method comprising the steps of: (a) calculating, at a computer, an overall retirement cash flow for an individual, a couple, and/or a family representing funds available during retirement; (b) determining an amount representing an affordable long-term health care insurance premium, based upon the retirement cash flow calculated in step (a); and (c) generating a comparison of projected retirement finances for display on at least one of a visual display and a hard-copy printout, wherein the step of generating a comparison further includes the steps of: (a) determining one or more financial projections assuming that long-term health care will not be required; (b) determining one or more financial projections if long-term health care is required, but the individual is not covered by insurance; and (c) determining one or more financial projections if long-term health care is required, and the individual is covered by insurance.