METHOD AND APPARATUS FOR CALCULATING AN OPTIMAL RETIREMENT PLAN BASED ON INCOME NEEDS, INCOME SOURCES AND FEDERAL INCOME TAX IMPACTS

摘要

Methods and apparatuses for calculating an optimal retirement plan based on income needs, incomes sources and federal income tax impacts for individuals and married couples is disclosed. Financial information of the user(s) is used to create a user profile(s) which comprises retirement income requirements, available income sources and investment risk tolerance of the user. The user profile is used to calculate a suggested strategy which balances the income requirements of the user impacted by taxes to the available income sources and accounting for investment risks of the user and a set of all possible life and death variables. A life plan is created using the suggested strategy, the set of all possible life and death variables and the user profile, and presented as output to show the optimal retirement plan.

主权项

1. A non-transitory processor-readable medium storing code representing instructions to be executed by a processor, said instructions which when executed cause the processor to:
receive as input financial information which comprises desired retirement age, retirement income requirements, available income sources and investment risk tolerance of a user; create a user profile from the financial information received; calculate, using the user profile, a suggested strategy which balances the income requirement impacted by taxes to the available income sources and accounting for the investment risk tolerance of the user; calculate, using the user profile, a set of all possible life and death variables; create a life plan using the set of all possible life and death variables and user profile; and present as output on a display the life plan which comprises an optimal retirement plan based on inputted desired retirement age, income requirements, inputted available incomes sources, and income tax impacts to the user.