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:
Jul. 15, 2014
Filed:
Sep. 04, 2012
Moshe a Milevsky, Toronto, CA;
Huaxiong Huang, Markham, CA;
Moshe A Milevsky, Toronto, CA;
Huaxiong Huang, Markham, CA;
Qwema Group, Inc., Toronto, CA;
Abstract
A method, system, and medium for recommending an optimal withdrawal amount, for a given period, from a retiree's portfolio accounts comprised of relatively risky and relatively safe financial assets used to finance retirement. The user supplies information about the retiree's personal characteristics, including age, gender, and health status. Details of the retiree's financial situation are also supplied, including the retiree's total liquid wealth, the current value of relatively risky and relatively safe assets, and any after-tax pension and other annuity income. Risk (standard deviation of return), return (expected rate of return based on a lognormal or other random distribution), or other measurable differentiating characteristics are retrieved for a portfolio comprised of relatively risky assets. A valuation rate is also retrieved. Based on these inputs, an actuarial discount rate is computed, an optimal wealth depletion time is located, and the optimal withdrawal amount is computed and displayed to the user.