System and method for providing income payments to an investor

A computer system comprising:

• at least one computing device coupled over a network to at least one client device, the at least one computing device having software associated therewith that when executed causes the at least one computing device to:
• generate a system guide including an interface screen that configures a plurality of investment sleeves under management of investment software;
• receive information through the interface screen from the at least one client device over the network, the information representing at least a current age of an investor, a desired income start date, a desired income payment amount, and a premium payment amount;
• generate an investment sleeve allocation space that facilitates transfer of assets between the plurality of investment sleeves based on the received information;
• receive a premium payment from the investor,
• execute operations that place the premium payment into a first investment sleeve by electronically exchanging data with one or more financial institution server computers that are connected to the at least one computing device to access and allocate assets of the investor according to the investment sleeve allocation space;
• calculate a waiting period representing the difference between the investor's current age and the desired income start date;
• transfer, during the waiting period and according to a predefined event, a portion of the premium payment from the first investment sleeve to a second investment sleeve comprised of annuities by electronically calculating a transfer amount at a transfer time and communicating an automatic transferring of the transfer amount at the transfer time to the one or more financial institution server computers according to the investment sleeve allocation space, wherein the portion of the premium payment transferred between the first and the second sleeves is calculated as a function of a time remaining in the waiting period and the desired income amount, the transfer amount is calculated as a function of a multiplier and a present value of unfunded income at the transfer time, and the multiplier is determined based on data of market or interest rate changes received from a data source over the network and an account value of the first sleeve at the transfer time relative to an account value of the first sleeve at a previous transfer time;
• and
• present, to the investor one or more income payments from the annuities in the second sleeve according to the desired income payment amount.

A computerized method for configuring electronic transactions using a client device, the computerized method comprising:

• generating, via a processing device, a system guide including an interface screen that configures a plurality of investment sleeves under management of investment software comprised in a computer system;
• receiving, via the processing device, information through the interface screen from a client device over a communications network, the information representing at least a current age of the investor, a desired income start date, a desired income payment amount, and a premium payment amount;
• generating, via the processing device executing the investment software, an investment sleeve allocation space that facilitates transfer of assets between the plurality of investment sleeves based on the received information;
• receiving, via the processing device, a premium payment instruction from the investor;
• executing, via the processing device, operations that place the premium payment into a first investment sleeve by electronically exchanging data with one or more financial institution server computers that are connected to the processing device to access and allocate assets of the investor according to the investment sleeve allocation space, the premium in the first sleeve capable of being invested in security type assets;
• calculating, via the processing device, a waiting period representing the difference between the investor's current age and the desired income start date;
• automatically transferring, via the processing device, during the waiting period and periodically at predefined periods of time, a portion of the premium payment from the first investment sleeve to a second investment sleeve by the computer system electronically calculating a transfer amount at a transfer time and communicating an automatic transferring of the transfer amount at the transfer time to the one or more financial institution server computers according to the investment sleeve allocation space, wherein any amounts transferred into the second sleeve are capable of being invested in only non-security type assets comprised of annuities, the portion of the premium payment transferred between the first and the second sleeves is calculated by the at least one computing device based on an account value of the first sleeve at a transfer time and an account value of the first sleeve at a previous transfer time, the transfer amount is calculated as a function of a multiplier and a present value of unfunded income at the transfer time, and the multiplier is determined based on data of market or interest rate changes received from a data source over the communications network and an account value of the first sleeve at the transfer time relative to an account value of the first sleeve at a previous transfer time;
• and
• presenting, by the processing device, to the investor one or more income payments from the annuities in the second sleeve according to the desired income payment amount.