Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2008-10-03
2010-11-23
Colbert, Ella (Department: 3694)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
C705S004000
Reexamination Certificate
active
07840470
ABSTRACT:
A computer-implemented retirement planning system comprises data collection logic, modeling logic, and report generation logic. The data collection logic is configured to receive data pertaining to an individual planning for retirement. The retirement modeling logic is configured to process the data to generate parameters of a retirement plan. The retirement plan comprises a retirement income arrangement in which the amount of inflation-adjusted retirement income (from sources other than long term care insurance and health insurance) is larger during early years of the retirement plan and decreases as the maximum life expectancy of the individual is reached. The report generation logic being configured to generate a retirement plan report describing the retirement income arrangement.
REFERENCES:
patent: 6012043 (2000-01-01), Albright et al.
patent: 6611807 (2003-08-01), Bernheim et al.
patent: 6684190 (2004-01-01), Powers et al.
patent: 7398241 (2008-07-01), Fay et al.
patent: 2002/0073005 (2002-06-01), Welnicki et al.
patent: 2002/0138386 (2002-09-01), Maggioncalda et al.
patent: 2002/0143680 (2002-10-01), Walters et al.
patent: 2005/0060251 (2005-03-01), Schwartz et al.
patent: 2006/0089862 (2006-04-01), Anandarao et al.
patent: 2007/0239572 (2007-10-01), Harris et al.
patent: 2008/0010086 (2008-01-01), Skelly et al.
Fidelity Investments Offers Free Retirement Planning Software on Web Site, Apr. 19, 1997, Business Wire.
Kaufman, Ted, Be Prepared for a Retirement that goes through phases; business forum; Jul. 14, 2004, Virginian-Pilot, p. D.3.
“Fidelity Investments Offers Free Retirement Planning Software on Web Site”, Apr. 19, 1997, Business Wire.
Kaufman,Ted, Be Prepared for a Retirement that goes through phases; business forum; Jul. 14, 2004, Virginian-Pilot, p. D.3.
MFS Investment Management; MFS Retirement Survey Shows Income Planning Needed for Pre-retirees. (Mar. 2008). Business & Finance Week,613. Retrieved Jul. 1, 2010.
John Morgan. (Oct. 2007). Retirement Income: A Work in Progress: Experts Advise New Approach to Retirement Income. Money Management Executive,1. Retrieved Jul. 1, 2010.
Michael D Everett, & Murray S Anthony. (Jun. 2003). A stages model for planning retirement income distribution. Journal of Financial Planning.
Schieber, Sylvester. Benefits Quarterly. Brookfield: Fourth Quarter 2004. vol. 20, Iss. 4; p. 27, 13 pgs.
Charles D. Robinson, “A Phased-Income Approach to Retirement Withdrawals,” FPA Journal, 16 pages.
Bengen, William P.,“Determining Withdrawal Rates Using Historical Data,”Journal of Financial Planning, Oct. 1994, 9 pages.
Brown, Jeffrey R. et al., “Joint Life Annuities and Annuity Demand by Married Couples,”The Journal of Risk and Insurance, 67, 4: 200, Dec. 2000, 29 pages.
Brown, Dr. Jeffrey, “The New Retirement Challenge,”Policy White Paper, Americans for a Secure Retirement, www.paycheckforlife.org. Sep. 2004, 20 pages.
Fronstin, Paul et al., “Health Care Expenses in Retirement and the Use of Health Savings Accounts,”EBRI Issue Brief #271, Jul. 2004: 8, 32 pages.
Grangaard, Paul,The Grangaard Strategy: Invest Right During Retirement(New York: Berkley Publishing Group, 2003), 268 pages.
Guyton, Jonathon, “Decision Rules and Portfolio Management for Retirees: Is the ‘Safe’ Initial Withdrawal Rate Too Safe?”Journal of Financial Planning, Oct. 2004, 7 pages.
Lubinski, Philip G and WEALTH2K, “The Income for Life Model, An Investment Strategy with the Objective of Providing Inflation-Adjusted Income for Life,” Demo Presentation, 2005, 24 pages (48 powerpoint slides).
“Many Americans Lack Confidence in Ability to Retire Comfortably,” theWall Street Journal, Sep. 26, 2005, 7 pages.
Mincer, Jilian, “Experts Disagree on Retiree Health-Cost Estimate,”Wall Street Journal, Mar. 11-12, 2006: B4, 2 pages.
Roame, Chip, Tiburon Strategic Advisors, 2005, 4 pages.
Robinson, Charles D., CFP, “A Phased-Income Approach to Retirement Withdrawals: A New Paradigm for a More Affluent Retirement,”FPA Journal, Mar. 2007, 16 pages.
Selling Point—The Three Phases of Retirement, Lincoln Benefit Life Company, Dec. 2, 2002, Copyright 2002 Allstate Insurance Company, 1 page.
Stein, Michael K., CFP,The Prosperous Retirement Guide to the New Reality, Copyright 1998 EMSTCO Press, 320 pages.
Office Action for U.S. Appl. No. 11/811,453, mail date May 26, 2010, 26 pages.
Colbert Ella
Foley & Lardner LLP
Shaikh Mohammad Z
The Northwestern Mutual Life Insurance Company
LandOfFree
Retirement planning system and method does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with Retirement planning system and method, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Retirement planning system and method will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-4200960