Method and system for converting a designated portion of future social security and other retirement payments to current benefits

A computerized method for creating a source of funds based on present value of future retirement payments, comprising the steps of:

• a. designating an account in a depository for a beneficiary to receive future retirement payments payable to said beneficiary from a source of said retirement payments for a preselected period of time;
• b. designating a benefit provider for providing an asset other than a monetary payment to said beneficiary;
• c. authorizing said depository to periodically disburse a predetermined portion of said retirement payments deposited in said account to said benefit provider during said preselected period of time;
• d. providing said asset to said beneficiary from said benefit provider based at least in part on present value of a designated portion of said future retirement payments without encumbering said beneficiary's right to said future retirement payments and without violating legislated proscriptions in the United States against alienation of future retirement benefits;
• e. causing said future retirement payments to be deposited into said account throughout said preselected period of time;
• f. causing said depository to transfer a portion of said retirement payments deposited into said account to said benefit provider during said preselected period of time;
• and
• g. liquidating said asset and reimbursing said benefit provider from proceeds of said asset liquidation if said transfers of a portion of said retirement payments from said depository to said benefit provider are curtailed prior to said end of said preselected period of time, and making said retirement payments available for the exclusive use of said beneficiary.

A computerized method for creating a source of funds based on present value of future retirement payments, comprising the steps of:

• a. designating an account in a depository for a beneficiary to receive future retirement payments payable to said beneficiary from a source of said retirement payments for a preselected period of time;
• b. designating a benefit provider for providing a service to said beneficiary;
• c. authorizing said depository to periodically disburse a predetermined portion of said retirement payments deposited in said account to said benefit provider during said preselected period of time;
• d. providing said service to said beneficiary from said benefit provider based at least in part on present value of a designated portion of said future retirement payments without encumbering said beneficiary's right to said future retirement payments and without violating legislated proscriptions in the United States against alienation of future retirement benefits;
• e. causing said future retirement payments to be deposited into said account throughout said preselected period of time;
• f. causing said depository to transfer a portion of said retirement payments deposited into said account to said benefit provider during said preselected period of time;
• and
• g. terminating said service if said transfers of a portion of said retirement payments from said depository to said benefit provider are curtailed prior to said end of said preselected period of time, and making said retirement payments available for the exclusive use of said beneficiary.

A computerized method for creating a source of funds based on present value of future Social Security retirement benefits, comprising the steps of:

• a. designating an account in a depository for a beneficiary to receive future payments of Social Security retirement benefits for a preselected period of time;
• b. designating a benefit provider for providing a monetary benefit to said beneficiary;
• c. authorizing said depository to periodically disburse a predetermined portion of said Social Security payments deposited in said account to said benefit provider during said preselected period of time;
• d. providing said monetary benefit to said beneficiary from said benefit provider based at least in part on present value of a designated portion of said future payments of Social Security benefits without encumbering said beneficiary's right to said future payments of Social Security benefits and without violating legislated proscriptions in the United States against alienation of future Social Security benefits;
• e. causing said future payments of Social Security benefits to be deposited into said account throughout said preselected period of time;
• f. causing said depository to transfer a portion of said Social Security payments deposited in said account from said account to said benefit provider during said preselected period of time;
• and
• g. reimbursing said benefit provider from resources other than said future Social Security payments if said transfers of a portion of said Social Security payments from said depository to said benefit provider are curtailed prior to said end of said preselected period of time, and making said Social Security payments available for the exclusive use of said beneficiary.

A computerized method for creating a source of funds based on present value of future Social Security retirement benefits, comprising the steps of:

• a. designating an account in a depository for a beneficiary to receive future payments of Social Security retirement benefits for a preselected period of time;
• b. designating a benefit provider for providing an asset other than a monetary payment to said beneficiary;
• c. authorizing said depository to periodically disburse a predetermined portion of said Social Security parents deposited in said account to said benefit provider during said preselected period of time;
• d. providing said asset to said beneficiary from said benefit provider based at least in part on present value of a designated portion of said future payments of Social Security benefits without encumbering said beneficiary's right to said future payments of Social Security benefits and without violating legislated proscriptions in the United States against alienation of future Social Security benefits;
• e. causing said future payments of Social Security benefits to be deposited into said account throughout said preselected period of time;
• f. causing said depository to transfer a portion of said Social Security payments deposited in said account from said account to said benefit provider during said preselected period of time;
• and
• g. liquidating said asset and reimbursing said benefit provider from proceeds of said asset liquidation if said transfers of a portion of said Social Security payments from said depository to said benefit provider are curtailed prior to said end of said preselected period of time, and making said Social Security payments available for the exclusive use of said beneficiary.

A computerized method for creating a source of funds based on present value of future Social Security retirement benefits, comprising the steps of:

• a. designating an account in a depository for a beneficiary to receive future payments of Social Security retirement benefits for a preselected period of time;
• b. designating a benefit provider for providing a service to said beneficiary;
• c. authorizing aid depository to periodically disburse a predetermined portion of said Social Security parents deposited in said account to said benefit provider during said preselected period of time;
• d. providing said service to said beneficiary from said benefit provider based at least in part on present value of a designated portion of said future payments of Social Security benefits without encumbering said beneficiary's right to said future payments of Social Security benefits and without violating legislated proscriptions in the United States against alienation of future Social Security benefits;
• e. causing said future payments of Social Security benefits to be deposited into said account throughout said preselected period of time;
• f. causing said depository to transfer a portion of said Social Security payments deposited in said account from said account to said benefit provider during said preselected period of time;
• and
• g. terminating said service if said transfers of a portion of said Social Security payments from said depository to said benefit provider are curtailed prior to said end of said preselected period of time, and making said Social Security payments available for the exclusive use of said beneficiary.

A system for creating a source of funds based on present value of future Social Security retirement benefits, comprising an account in a depository for a beneficiary to receive future payments of Social Security benefits for a preselected period of time, means for causing said future payments of Social Security benefits to be deposited into said account during said preselected period of time, means for causing said depository to disburse a predetermined portion of said Social Security payments deposited in said account to a benefit provider during said preselected period of time in exchange for a present benefit provided to said beneficiary from said benefit provider based at least in part on present value of a designated portion of said future payments of Social Security benefits, said exchange being without encumbering said beneficiary's right to said future payments of Social Security benefits and without violating legislated proscriptions in the United States against alienation of future Social Security benefits, means for reimbursing said benefit provider from resources other than said future payments if said transfers of a portion of said payments from said depository to said benefit provider are curtailed prior to said end of said preselected period of time, and means for making said future payments of Social Security benefits available for the exclusive use of slid beneficiary.