SYSTEM AND METHOD FOR PROVIDING GUARANTEED INCOME
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United States of America Patent
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N/A
Issued Date -
Jul 22, 2010
app pub date -
Jan 21, 2010
filing date -
Jan 21, 2009
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
The present invention is directed towards a computerized method comprising receiving one or more contributions for an annuity from a qualified plan. At a first time, the method computes a first benefit base of the annuity based at least in part on the one or more contributions and determines a first guaranteed withdrawal amount as a function of the computed first benefit base. At a second time, the method computes a second income base based at least in part the one or more contributions and any amounts withdrawn from the annuity and determines a second guaranteed withdrawal amount as a function of the computed second benefit base.
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