Computer program, system, and method for mapping social security claiming strategies
AssigneeSocial Security Solutions, Inc.
InventorWilliam Meyer
Life of this patent
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Abstract
A non-transitory computer readable medium having a computer program stored thereon for directing operation of a processor. The computer program receives personal and financial data for a couple; accesses data for a plurality of Social Security claiming strategies for the couple based on the personal and financial data; and illustrates on a graphical display which of the Social Security claiming strategies would provide the maximum present value of benefits for multiple mortality combinations of the couple so that the couple or an advisor for the couple can quickly ascertain which claiming strategy would provide the maximum benefits for a particular mortality combination.
Claims22
A non-transitory computer readable medium having a computer program stored thereon for directing operation of a processor to perform the following steps:
- receiving personal and financial data for an individual;
- accessing data for a plurality of Social Security claiming strategies for the individual based on the personal and financial data;
- and
- presenting information that compares at least several of the social security claiming strategies for multiple possible mortalities of the individual so that the individual or an advisor for the individual can ascertain which Social Security claiming strategy is preferred for each of the possible mortalities.
A non-transitory computer readable medium having a computer program stored thereon for directing operation of a computer, the computer program comprising:
- a code segment for displaying information that indicates which Social Security claiming strategies are preferred for a plurality of different mortality combinations of a couple, so that the couple or an advisor for the couple can ascertain which claiming strategies are preferred for a number of different mortality combinations.
A computer implemented method of assisting a couple in selecting a Social Security claiming strategy, the method comprising:
- receiving in a computer personal and financial data for the couple, the data including an expected life expectancy of each partner of the couple;
- accessing with the computer data for a plurality of Social Security claiming strategies for the couple based on the personal and financial data;
- and
- presenting a graphical display on the computer or on another computer in communication with the computer, the graphical display illustrating which of the Social Security claiming strategies is preferred for the expected life expectancies of the couple and for multiple other mortality combinations of the couple.
A non-transitory computer readable medium having a computer program stored thereon for directing operation of a computer, the computer program comprising:
- a code segment for displaying a graphical display that illustrates which Social Security claiming strategies result in the most benefits for different life expectancies for a single individual so that the individual or an advisor for the individual can quickly ascertain which claiming strategy would provide more benefits for a particular life expectancy, the graphical display including a graph that indicates possible life expectancies of the individual and which claiming strategy results in the most benefits for each life expectancy, the graph further indicating which claiming strategy results in the most benefits for a single expected life expectancy of the individual.
Dependencies are inferred from the claim text.