Merrill Lynch, Co., Inc

Bank of America Corporation

Robert Kron

Steve Monical

Andrew R Heiges

Roseanne Bassin

Eileen Russo

Walter Veghte

Analyzing educational saving plans by considering the tax implications of these plans is provided by storing a plurality of educational institution identifiers and a plurality of educational savings plan parameter sets. Each of the educational institution identifiers is associated with a corresponding set of cost parameters specifying room, board, and tuition costs for the respective educational institution. Each of the educational savings plan parameter sets specifies a characteristic of a corresponding educational savings plan. A comparative analysis of educational savings plans is generated by applying a retrieved set of cost parameters for each educational plan parameter sets. This comparative analysis takes into consideration tax implications of an educational savings plan. The results of the comparative analysis are outputted on a display and/or printout so that an investor can determine which of the plurality of educational savings plans best meets their needs.

Techniques for illustrating and analyzing college savings plans

A computer-executable method for financial retirement planning that provides a comparative evaluation of a plurality of health care funding alternatives. The comparative evaluation enables individuals to select one or more funding alternatives appropriate to their particular set of circumstances. The method commences by calculating overall cash flow for an individual, a couple, and/or a family during retirement. Based upon this cash flow, an amount representing an affordable heath care insurance premium is determined. Next, a comparison of projected retirement finances is provided. This comparison provides (a) financial projections assuming that long-term health care will not be required, (b) financial projections if long-term health care is required, but the individual is not covered by insurance, and (c) financial projections if long-term health care is required, and the individual is covered by insurance. The financial projections include a level of attainable retirement spending per week, month, and/or year. Optionally, the projections include a low-cost estimate, an average cost estimate, and a high-cost estimate for the expenses of long-term health care and/or health care insurance.

Techniques for illustrating and analyzing long term health care expenses

Analyzing educational saving plans by considering the tax implications of these plans is provided by storing a plurality of educational institution identifiers and a plurality of educational savings plan parameter sets. Each of the educational institution identifiers is associated with a corresponding set of cost parameters specifying room, board, and tuition costs for the respective educational institution. Each of the educational savings plan parameter sets specifies a characteristics of a corresponding educational savings plan. A comparative analysis of educational savings plans is generated by applying a retrieved set of cost parameters for each educational plan parameter set. This comparative analysis takes into consideration tax implications of an educational savings plan. The results of the comparative analysis are outputted on a display and/or printout so that an investor can determine which of the plurality of educational savings plans best meets their needs.

Growing community of inventors

Franklin Park, NJ, United States of America

Robert Kron