System for sharing retirement scores between social groups of customers

A computer program product for assessing impact of life events on retirement planning, the computer program product comprising a non-transitory computer-readable medium comprising code causing a first apparatus to:

• receive one or more parameters associated with a financial institution account of a user from a distributed network of servers, wherein the one or more parameters comprises at least asset values, liability values, and estimated rates of return associated with assets that provide returns;
• determine a user profile associated with the user;
• determine a financial behavior of the user based on at least the user profile, wherein the financial behavior comprises at least one of a spending behavior, investment behavior, and savings behavior, wherein determining financial behavior of the user further comprises determining a spending pattern, investment pattern, and savings pattern of the user over a predetermined past period of time, wherein determining the financial behavior further comprises receiving user input associated with at least personality, values, opinions, attitudes, interests, and lifestyle of the user;
• calculate a retirement score for user based on the one or more parameters and the financial behavior of the user, wherein the retirement score indicates a user's preparedness for retirement at a future predetermined date, wherein the future predetermined date is selected by the user;
• establish a communication link with a fitness tracker of the user;
• receive, from the fitness tracker, fitness information of the user;
• update the retirement score for the user based on the fitness information of the user;
• cause the fitness tracker of the user to determine a location of the user receive from the fitness tracker, the location of the user;
• determine a fitness activity based on the location of the user;
• in response to receiving the fitness information of the user, prompt the user to perform the fitness activity by (i) causing the fitness tracker to display the updated retirement score for the user and a message, and (ii) causing the fitness tracker to vibrate;
• receive from the fitness tracker, an indication that the user has completed the fitness activity;
• update the retirement score of the user based on at least receiving the indication that the user has completed the fitness activity;
• augment the retirement score at one or more historic points in time to create an augmented retirement score illustrating user utilization of one or more recommended steps at the one or more historic points in time to improve the retirement score, wherein the one or more recommended steps includes the user's completion of the fitness activity;
• initiate a presentation of an event user interface to the user, wherein the event user interface is provided on a user device and comprises at least selectable life event options for one or more life events, wherein the selectable life event options comprises one or more life events that could occur for the user;
• receive, via the event user interface, a user selection of at least one life event from the one or more life events;
• initiate a presentation of an event information user interface to the user, wherein the event information user interface is provided on the user device and comprises at least selectable options associated with the at least one life event selected by the user and enables the user to input life event information associated with the at least one life event selected by the user;
• receive, via the event information user interface, the life event information associated with the at least one life event selected by the user;
• retrieve information associated with the at least one life event selected by the user from substantially similar life events selected by one or more users determined to have a substantially similar user profile as that of the user;
• calculate, in real-time, a life event score associated with the at least one life event selected by the user, wherein the life event score is calculated based on at least the retirement score, the received life event information and the information retrieved from the substantially similar life events selected by the one or more users;
• illustrate, via a retirement score interface in the user device, the retirement score with the augmented retirement score, wherein illustrating further comprises illustrating the augmented retirement score at the one or more historic points in time illustrating an impact of the recommended steps at the one or more historic points in time on the retirement score and the impact of the at least one life event selected by the user, wherein illustrating the augmented retirement score changes graphical data associated with the of the retirement score;
• and
• initiate a presentation of a payment user interface to the user, wherein the payment user interface is provided on the user device and comprises the calculated life event score.

A computer implemented method for assessing impact of life events on retirement planning, the method comprising:

• receiving one or more parameters associated with a financial institution account of a user from a distributed network of servers, wherein the one or more parameters comprises at least asset values, liability values, and estimated rates of return associated with assets that provide returns;
• determining a user profile associated with the user;
• determining a financial behavior of the user based on at least the user profile, wherein the financial behavior comprises at least one of a spending behavior, investment behavior, and savings behavior, wherein determining financial behavior of the user further comprises determining a spending pattern, investment pattern, and savings pattern of the user over a predetermined past period of time, wherein determining the financial behavior further comprises receiving user input associated with at least personality, values, opinions, attitudes, interests, and lifestyle of the user;
• calculating a retirement score for user based on the one or more parameters and the financial behavior of the user, wherein the retirement score indicates a user's preparedness for retirement at a future predetermined date, wherein the future predetermined date is selected by the user;
• establishing a communication link with a fitness tracker of the user;
• receiving, from the fitness tracker, fitness information of the user;
• updating the retirement score for the user based on the fitness information of the user;
• causing the fitness tracker of the user to determine a location of the user;
• receiving from the fitness tracker, the location of the user;
• determining a fitness activity based on the location of the user;
• in response to receiving the fitness information of the user, prompting the user to perform the fitness activity by (i) causing the fitness tracker to display the updated retirement score for the user and a message, and (ii) causing the fitness tracker to vibrate;
• receiving from the fitness tracker, an indication that the user has completed the fitness activity;
• updating the retirement score of the user based on at least receiving the indication that the user has completed the fitness activity;
• augmenting the retirement score at one or more historic points in time to create an augmented retirement score illustrating user utilization of one or more recommended steps at the one or more historic points in time to improve the retirement score, wherein the one or more recommended steps includes the user's completion of the fitness activity;
• initiating a presentation of an event user interface to the user, wherein the event user interface is provided on a user device and comprises at least selectable life event options for one or more life events, wherein the selectable life event options comprises one or more life events that could occur for the user;
• receiving, via the event user interface, a user selection of at least one life event from the one or more life events;
• initiating a presentation of an event information user interface to the user, wherein the event information user interface is provided on the user device and comprises at least selectable options associated with the at least one life event selected by the user and enables the user to input life event information associated with the at least one life event selected by the user;
• receiving, via the event information user interface, the life event information associated with the at least one life event selected by the user;
• retrieving information associated with the at least one life event selected by the user from substantially similar life events selected by one or more users determined to have a substantially similar user profile as that of the user;
• calculating, in real-time, a life event score associated with the at least one life event selected by the user, wherein the life event score is calculated based on at least the retirement score, the received life event information and the information retrieved from the substantially similar life events selected by the one or more users;
• illustrating, via a retirement score interface in the user device, the retirement score with the augmented retirement score, wherein illustrating further comprises illustrating the augmented retirement score at the one or more historic points in time illustrating an impact of the recommended steps at the one or more historic points in time on the retirement score and the impact of the at least one life event selected by the user, wherein illustrating the augmented retirement score changes graphical data associated with display of the retirement score;
• and
• initiating a presentation of a payment user interface to the user, wherein the payment user interface is provided on the user device and comprises the calculated life event score.