Geographic selection system based on resource allocation and distribution
AssigneeBank of America Corporation
InventorsKatherine Dintenfass, Vasudevan Nagalingam
Life of this patent
Estimating the term…
Abstract
Embodiments of the invention are directed to a system, method, or computer program product for triggering of living option resource allocation. In some embodiments, the invention provides a system for triggering of a model generation for location selection. As such, the system may interconnect with market analysis devices, medical devices, and home repair associates to determine resource availability and requirement for location selection. In this way, the system generates a real-time interactive indication of location selection for the user. Furthermore, a decision tool may be linked to a trusted individual associated with the user and provided upon generation to the individual.
Claims20
A system for accessing and analyzing resources and liabilities for retirement planning, the system comprising:
- one or more memory devices;
- and
- one or more processing devices operatively coupled to the one or more memory devices, wherein the one or more processing devices are configured to execute computer-readable program code to:
- access the resources and the liabilities of a user over a network of servers, wherein the resources include illiquid resources and liquid resources;
- determine asset values and liability values;
- determine user information, wherein user information comprises medical and age information for the user;
- determine resource in-flows and resource out-flows for the resources and the liabilities over a past time period by analyzing transactions for the resources and the liabilities;
- calculate estimated future resource in-flows and estimated future resource out- flows over a future time period from at least the resource in-flows and the resource out- flows;
- determine estimated rates of return for the resources that provide returns;
- receive selected location preferences from them user;
- generate a model of the selected location preferences of the user and alternative locations identified for the user;
- calculate location selection options for the user within the user's estimate future resource in-flows and estimated future resource out-flows, based on the selected location preferences and the alternative locations identified compared to the estimated future resource in-flows and estimated future resource out-flows over the future time period from at least the resource in-flows and the resource out-flows;
- and
- display the location selection options to the user using the model via a display on a device associated with the user.
A computer program product for accessing and analyzing resources and liabilities for retirement planning, the computer program product comprising at least one non-transitory computer-readable medium having computer-readable program code portions embodied therein, the computer-readable program code portions comprising:
- an executable portion configured for accessing the resources and the liabilities of a user over a network of servers, wherein the resources include illiquid resources and liquid resources;
- an executable portion configured for determining asset values and liability values;
- an executable portion configured for determining user information, wherein user information comprises medical and age information for the user;
- an executable portion configured for determining resource in-flows and resource out- flows for the resources and the liabilities over a past time period by analyzing transactions for the resources and the liabilities;
- an executable portion configured for calculating estimated future resource in-flows and estimated future resource out-flows over a future time period from at least the resource in-flows and the resource out-flows;
- an executable portion configured for determining estimated rates of return for the resources that provide returns;
- an executable portion configured for receiving selected location preferences from them user;
- an executable portion configured for generating a model of the selected location preferences of the user and alternative locations identified for the user;
- an executable portion configured for calculating location selection options for the user within the user's estimate future resource in-flows and estimated future resource out-flows, based on the selected location preferences and the alternative locations identified compared to the estimated future resource in-flows and estimated future resource out-flows over the future time period from at least the resource in-flows and the resource out-flows;
- and
- an executable portion configured for displaying the location selection options to the user using the model via a display on a device associated with the user.
A computer-implemented method for accessing and analyzing resources and liabilities for retirement planning, the method comprising:
- providing a computing system comprising a computer processing device and a non- transitory computer readable medium, where the computer readable medium comprises configured computer program instruction code, such that when said instruction code is operated by said computer processing device, said computer processing device performs the following operations:
- accessing the resources and the liabilities of a user over a network of servers, wherein the resources include illiquid resources and liquid resources;
- determining asset values and liability values;
- determining user information, wherein user information comprises medical and age information for the user;
- determining resource in-flows and resource out-flows for the resources and the liabilities over a past time period by analyzing transactions for the resources and the liabilities;
- calculating estimated future resource in-flows and estimated future resource out- flows over a future time period from at least the resource in-flows and the resource out- flows;
- determining estimated rates of return for the resources that provide returns;
- receiving selected location preferences from them user;
- generating a model of the selected location preferences of the user and alternative locations identified for the user;
- calculating location selection options for the user within the user's estimate future resource in-flows and estimated future resource out-flows, based on the selected location preferences and the alternative locations identified compared to the estimated future resource in-flows and estimated future resource out-flows over the future time period from at least the resource in-flows and the resource out-flows;
- and
- displaying the location selection options to the user using the model via a display on a device associated with the user.
Dependencies are inferred from the claim text.