Patent ID: 7949592

Claim:
A method comprising: sending, by an individual, personal information to a processing system comprising a server, wherein the server identifies in a data storage system financial account statement information associated with a financial account of the individual, determines an estimated retirement goal for the individual based on the personal information, and wherein the personal information is submitted at the time the financial account of the individual is created, and determines a financial planning recommendation based on the estimated retirement goal and the financial account statement information, the financial planning recommendation comprising a financial planning strategy; and periodically receiving, by the individual, an integrated report that is generated by the processing system and comprises the financial account statement information and the financial planning recommendation without requiring periodic input or action from the individual, wherein the financial planning recommendation comprises a predicted likelihood that a current investment strategy associated with the financial account will meet the estimated retirement goal for the individual and a predicted likelihood that a recommended financial planning strategy will meet the estimated retirement goal for the individual.