# US 2014/0156559 A1 · Transactional decision making device and method

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- Number: US 2014/0156559 A1
- Document ID: US20140156559A1
- Status: Published application
- Kind: A1
- Application number: 14/172,361
- Filed: 2014-02-04
- Published: 2014-06-05
- Earliest claimed: 2008-03-21
- Assignees: iJoin Solutions, LLC
- Applicants: iJoin Solutions, LLC
- Inventors: Fred Greenstein
- Web page: https://patentgrep.com/patent/US20140156559A1

## CPC

- G06Q 40/06: Asset management; Financial planning or analysis
- G06Q 40/02: Banking, e.g. interest calculation or account maintenance (credit or loans G06Q40/03)
- G06Q: INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR

## Abstract

A system for assisting groups of individuals in making personal and private transactions deploys a common large display means and a plurality of small portable data access and display devices for receiving and viewing private information associated with the matter shown on the common display. The small portable devices access existing transactional websites. The device and the associated method can be used for investment education and transaction execution, as well as enrollment in financial, health and related service plans requiring the user's selection from among options that depend on individual and generally private circumstances, and in particular for retirement plan enrollment and investment management.

## Claims

### Claim 1

A system for transactional decision making, the system comprising:
a storage module configured to maintain one or more transactional decision making tools for utilizing private financial information associated with a plurality of privately hosted accounts; and
a transactional decision making device that is separate from the storage module and in communication therewith, the transactional decision making device including at least one hardware processor and a memory, wherein the memory stores instructions that when executed by the at least one hardware processor performs the steps comprising:
securely accessing at least a first account of the plurality of privately hosted accounts;
accessing private financial information associated with the first account;
accessing the transactional decision making tools from the storage module; and
performing, in real-time, at least one of a financial transaction or a hypothetical financial transaction associated with the first private account using the transactional decision making tools and at least some of the private financial information.

### Claim 2 (depends on 1)

The system of claim 1, wherein the storage module includes a computer, a server, a database, a hard drive, a USB flash drive, or a portable digital media device.

### Claim 3 (depends on 1)

The system of claim 1, wherein the transactional decision making device includes a web-enabled device.

### Claim 4 (depends on 3)

The system of claim 3, wherein the web-enabled device includes a mobile phone, a personal computer, a personal digital assistant (PDA), a tablet, or a handheld device.

### Claim 5 (depends on 1)

The system of claim 1, wherein the transactional decision making device includes a display screen for displaying the financial transaction or the hypothetical financial transaction.

### Claim 6 (depends on 1)

The system of claim 1, wherein the transactional decision making tools include extrapolation tools for performing hypothetical financial transactions.

### Claim 7 (depends on 1)

The system of claim 1, wherein the transactional decision making tools and private financial information are accessed via the Internet.

### Claim 8 (depends on 1)

The system of claim 1, wherein the transactional decision making tools and private financial information are wirelessly accessed.

### Claim 9 (depends on 1)

The system of claim 1, wherein the private financial information is associated with an owner of each of the plurality of privately hosted accounts and includes at least one of an account balance, an asset allocation, an age, a number of years until retirement, a savings account balance, a savings rate, a salary, a projected benefit, and/or combinations thereof.

### Claim 10 (depends on 1)

The system of claim 1, wherein the transactional decision making tools include computer readable media that, when executed by a hardware processor, project financial information associated with a specific account of the plurality of privately hosted accounts.

### Claim 11 (depends on 1)

The system of claim 1, wherein the transactional decision making device includes a user interface whereby an account owner performs the at least one financial transaction or hypothetical financial transaction.

### Claim 12 (depends on 1)

The system of claim 1, wherein the transactional decision making device is configured to perform, in real-time, a transaction including enrolling in a retirement account, a college savings account, a pension account, a wealth management account, an estate planning account, an investment account, a 401(k) account, a 403(b) account, a 507 retirement plan, an individual retirement account (IRA), a Roth IRA, or an insurance account.

### Claim 13 (depends on 1)

The system of claim 1, wherein the transactional decision making device is configured to perform, in real-time, a transaction including contributing to a retirement account, a college savings account, a pension account, a wealth management account, an estate planning account, an investment account, a 401(k) account, a 403(b) account, a 507 retirement plan, an individual retirement account (IRA), a Roth IRA, or an insurance account.

### Claim 14 (depends on 1)

The system of claim 1, wherein the transactional decision making device is configured to perform, in real-time, a transaction including allocating or reallocating investments in a retirement account, a college savings account, a pension account, a wealth management account, an estate planning account, an investment account, a 401(k) account, a 403(b) account, a 507 retirement plan, an individual retirement account (IRA), a Roth IRA, or an insurance account.

### Claim 15 (depends on 1)

The system of claim 1, wherein the transactional decision making device is configured to perform, in real-time, a transaction including changing a contribution or deferral rate in a retirement account, a college savings account, a pension account, a wealth management account, an estate planning account, an investment account, a 401(k) account, a 403(b) account, a 507 retirement plan, an individual retirement account (IRA), a Roth IRA, or an insurance account.

### Claim 16 (depends on 1)

The system of claim 1, wherein the transactional decision making device is configured to perform, in real-time, a transaction including initiating a rollover into a retirement account, a college savings account, a pension account, a wealth management account, an estate planning account, an investment account, a 401(k) account, a 403(b) account, a 507 retirement plan, an individual retirement account (IRA), a Roth IRA, or an insurance account.

### Claim 17

A system for transactional decision making, the system comprising:
a storage module configured to maintain instructional information for establishing a plurality of privately hosted accounts; and
a transactional decision making device in communication with the storage module, the transactional decision making device including at least one hardware processor and a memory, wherein the memory stores instructions that when executed by the at least one hardware processor performs the steps comprising:
accessing the instructional tools from the storage module; and
enrolling, in real-time, in at least a first retirement account, a first pension account, or a first 401(k) account of the plurality of accounts using at least some of the instructional information.

### Claim 18 (depends on 17)

The system of claim 17, wherein the first retirement account comprises an individual retirement account (IRA) or a Roth IRA.

### Claim 19 (depends on 17)

The system of claim 17, wherein the instructional information includes actual financial information, hypothetical financial information, and/or instructional steps for performing guided investment making decisions.

### Claim 20 (depends on 17)

The system of claim 17, wherein the storage module includes a computer, a server, a database, a hard drive, a USB flash drive, or a portable digital media device.

### Claim 21 (depends on 17)

The system of claim 17, wherein the transactional decision making device includes a web-enabled device.

### Claim 22 (depends on 20)

The system of claim 20, wherein the web-enabled device includes a mobile phone, a personal computer, a personal digital assistant (PDA), a tablet, or a handheld device.

### Claim 23

A method for transactional decision making, the method comprising:
at a transactional decision making device comprising a hardware processor and memory:
communicating with a storage module having instructional information stored thereon for enrolling in a first retirement account of a plurality of privately hosted retirement accounts;
determining one or more parameters of the first retirement account; and
enrolling, in real-time, in the first retirement account using the instructional information obtained from the storage module.

### Claim 24 (depends on 23)

The method of claim 23, wherein the storage module and the transactional decision making device communicate wirelessly or via the Internet.

### Claim 25 (depends on 23)

The method of claim 23, wherein the first retirement account comprises an individual retirement account (IRA), a Roth IRA, a 401(k) account, a pension account, a 403(b) account, or a 507 retirement plan.

### Claim 26 (depends on 23)

The method of claim 23, wherein the instructional information is visually displayed on a display screen.

### Claim 27 (depends on 23)

The method of claim 23, wherein determining one or more parameters of the first retirement account includes determining a contribution or deferral rate.

### Claim 28 (depends on 23)

The method of claim 23, wherein determining one or more parameters of the first account includes allocating investments.

### Claim 29 (depends on 23)

The system of claim 23, wherein the transactional decision making device is a web-enabled device including a mobile phone, a personal computer, a personal digital assistant (PDA), a tablet, or a handheld device.

### Claim 30

A non-transitory computer readable medium having stored thereon computer executable instructions embodied in a computer readable medium and when executed by a processor of a computer performs steps comprising:
at a transactional decision making device comprising a hardware processor and memory:
communicating with a storage module having instructional information stored thereon for enrolling in a first retirement account of a plurality of privately hosted retirement accounts;
determining one or more parameters of the first retirement account; and
enrolling, in real-time, in the first retirement account using the instructional information obtained from the storage module.