SYSTEM FOR ASSESSING IMPACT OF FUND TRANSFERS ON RETIREMENT PLANNING

摘要

Embodiments of the invention comprise systems, computer program products, and methods for retirement planning. The financial institution accesses the values of assets and liabilities of users over a network from various servers, systems, and devices that store asset and liability information of the users. The financial institution determines estimated inflows and outflows from past inflows and outflows and any other significant future events over the network from various servers, systems, and devices that store transaction information. The financial institution calculates an available fund amount that a user can spend over a period of time, and an age parameter indicating the age at which the user's inflows and assets will not be able to cover the user's outflows. The financial institution displays the information in an interactive interface over the network that allows the user to make adjustments to the available fund amount and/or the age parameter to adjust retirement planning.

主权项

1. A system for accessing and analyzing assets and liabilities for retirement planning, the system comprising:
one or more memory devices; and one or more processing devices operatively coupled to the one or more memory devices, wherein the one or more processing devices are configured to execute computer-readable program code to:
access the assets and the liabilities of a user over a network of servers from asset and liability systems of one or more financial institutions, wherein the assets include illiquid assets and liquid assets;determine asset values and liability values;determine user information, including at least a user age;determine fund in-flows and fund out-flows for the assets and the liabilities over a past time period by analyzing transactions for the assets and the liabilities;calculate estimated future fund in-flows and estimated future fund out-flows over a future time period from at least the fund in-flows and the fund out-flows;determine estimated rates of return for the assets that provide returns;calculate an available fund amount for one or more time periods and an age parameter, wherein the available fund amount indicates estimated funds the user may spend above the estimated out-flows over the time period while maintaining enough funds to cover the estimated out-flows until the age parameter is reached, wherein the age parameter indicates an estimated age when asset values of the liquid assets will be depleted, and wherein the available fund amount for the time period and the age parameter are based at least in part on transforming the asset values, the liability values, the estimated rates of return, the estimated future fund in-flows and the estimated future fund out-flows into the available fund amount and the age parameter;determine the user has lifetime inflows associated with the assets;calculate recommended estimated outflows for the lifetime inflows after the age parameter is met;calculate a second available fund amount and a second age parameter, wherein the second available fund amount illustrates an amount the user may spend after the user reaches the age parameter based on the recommended estimated outflow and the lifetime inflows, and wherein the second age parameter illustrates the age at which the lifetime inflows will no longer cover the user's recommended estimated outflows;display the age parameter and the available funds for the time period, and the second age parameter and second available fund amount, on a retirement planning interface on a user device, wherein the retirement interface allows the user to dynamically adjust the available fund amount and/or the age parameter in real-time or near real time and recalculate a new available fund amount or a new age parameter, and a new second age parameter and a new second available fund amount for display on the retirement planning interface on the user device;receive a desired age parameter selected by the user through the retirement planning interface through the user device, wherein the desired age parameter is different than the age parameter;recalculate the new available fund amount for the time period and the second age parameter and second available fund amount based on the desired age parameter; anddisplay the new available fund amount and the desired age parameter, and the new second age parameter and the new second available fund amount on the retirement planning interface of the user device.