The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Jan. 12, 2010
Filed:
Sep. 14, 2006
Robert Merton, Cambridge, MA (US);
Roberto Mendoza, New York, NY (US);
Peter Hancock, Rye, NY (US);
Zvi Bodie, Boston, MA (US);
Robert Merton, Cambridge, MA (US);
Roberto Mendoza, New York, NY (US);
Peter Hancock, Rye, NY (US);
Zvi Bodie, Boston, MA (US);
Integrated Finance Limited, New York, NY (US);
Abstract
Embodiments of the invention generally provide a method and apparatus for retirement income planning. One embodiment of a method for planning an income stream includes receiving personal data relating to an individual, where the personal data includes the value of the individual's projected income and the value of the individual's projected expenses. The difference between the projected expenses and the projected income is then calculated, and an annuity is purchased in substantially real time from among a plurality of annuities presented in an auction-style format, where the annuity provides a sum to offset the calculated difference.
Data source: USPTO (United States Patent and Trademark Office) public patent records. Weekly synchronization. How IDiyas builds this profile