Computer assisted and/or implemented process and architecture fo

Details Computer assisted and/or implemented process and architecture fo Computer assisted and/or implemented process and architecture fo

1997-09-23

2000-07-04

MacDonald, Allen R.

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

705 37, 705 38, 705 35, G06F 1760

Patent

active

060851740

ABSTRACT:
A computer program product stores computer instructions therein for instructing a computer to perform a process of administering or assisting in the administration of resources of a customer for the benefit of a beneficiary. The program product includes a recording medium readable by the computer, and computer instructions stored thereon instructing the computer to perform the process. The instructions and the process include receiving a request from the customer to administer the resources in accordance with predetermined criteria, and storing customer related data associated with the customer. The instructions and process also include determining a predetermined period of time based on an age of the beneficiary at which withdrawals do not incur a tax penalty, and administering the resources in an annuity investment growing tax deferred in accordance with withdrawal criteria, and preventing withdrawal of the resources responsive to the withdrawal criteria.

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"The Truth About Money", by R. Edelman, 1996.

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