Company Filing History:
Years Active: 2008-2014
Title: Mary Fay: Innovator in Retirement Income Solutions
Introduction
Mary Fay is a distinguished inventor based in Richmond, VA (US), known for her contributions to retirement income solutions. With a total of 2 patents, she has developed innovative systems that aim to enhance financial security for retirees.
Latest Patents
One of her notable patents is titled "System and method for guaranteeing minimum periodic retirement income payments using an adjustment account." This invention provides a user with a variety of guaranteed minimum retirement income payments. The system includes a variable immediate annuity module that processes income-generating payments and outputs a guaranteed minimum retirement income payment amount. It ensures that the periodic retirement income payment amount aligns with user-defined parameters. Additionally, the system features an adjustment module that compares the periodic income payment with the guaranteed minimum, storing a balance in an adjustment account if necessary.
Another significant patent is the "Method and system for portable retirement investment." This process allows users to receive periodic retirement income payments by inputting key information such as retirement date and minimum income amount. The system calculates the necessary parameters for an accumulation period and invests the received premium payments to realize a retirement income amount. This innovative approach ensures that users receive a predetermined guaranteed minimum retirement income based on their payment schedule.
Career Highlights
Mary Fay has worked with prominent companies in the financial sector, including Genworth Financial, Inc. and Genworth Holdings, Inc. Her experience in these organizations has contributed to her expertise in developing retirement income solutions.
Collaborations
Throughout her career, Mary has collaborated with notable professionals, including Paul Haley and Vickey L Root. These partnerships have further enriched her work and innovation in the field of retirement planning.
Conclusion
Mary Fay's innovative contributions to retirement income solutions reflect her commitment to enhancing financial security for individuals. Her patents demonstrate a deep understanding of the complexities of retirement planning and the importance of guaranteed income.