System for creating, issuing, managing and redeeming annuity-based retirement funding instruments
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United States of America Patent
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Mar 12, 2013
Grant Date -
Nov 18, 2010
app pub date -
Jul 20, 2010
filing date -
Apr 15, 2004
priority date (Note) -
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Abstract
A method for administering an annuity-based retirement funding in which an investor's funds or current income is used to make incremental purchases of immediate annuity benefits at market rates, with the annuity payments received from previous purchases being applied purchase additional annuity benefits. The investor allocates a first allocated portion of each received benefit into an account and the reinvested funds are thereafter available in combination with new investment payments from the investor for the purchase of additional immediate annuity benefits. At the direction of the investor, typically after retirement, all or part of the received annuity payments can be received for the use of the investor.
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