SYSTEM AND METHOD FOR PROVIDING GUARANTEED INCOME

摘要

The present invention is directed towards a computerized method comprising receiving one or more contributions for an annuity from a qualified plan. At a first time, the method computes a first benefit base of the annuity based at least in part on the one or more contributions and determines a first guaranteed withdrawal amount as a function of the computed first benefit base. At a second time, the method computes a second income base based at least in part the one or more contributions and any amounts withdrawn from the annuity and determines a second guaranteed withdrawal amount as a function of the computed second benefit base.