Patent ID: 7904362

Claim:
A computer-based method for implementing a financial plan for a person having expenses to be paid according to the financial plan, the financial plan identifying liquidating procedures for liquidating investments to generate funds for the person, the funds for paying the expenses, the method for implementing the financial plan for the person and comprising: receiving the financial plan at a plan defining module; producing by a computer processor at the plan defining module based on the received financial plan a formatted list of sequentially applied liquidation rules to liquidate investments that are categorized into groups of investments, wherein the groups of investments are defined by the financial plan; actuating by a computer processor a plan implementation module upon a triggering event; receiving the formatted list of rules at the actuated plan implementation module; applying, at the actuated plan implementation module, the received list of rules by a computer processor to liquidate investments of the person in accordance with the groups of investments and thereby generate the funds for the person; and initiating a liquidation of at least one of the investments of the person based on the application of the received list of rules.