Irene L Gitin

US Patent:

20120005124, Jan 5, 2012

Filed:

Sep 15, 2011

Appl. No.:

13/233461

Inventors:

Wei-Yin Hu - Menlo Park CA, US
Dolores A. Upton - Fremont CA, US
Irene Gitin - Sunnyvale CA, US

Assignee:

Financial Engines, Inc., a Delaware Corporation - Palo Alto CA

International Classification:

G06Q 40/00

US Classification:

705 36 T

Abstract:

A financial advisory platform that includes Roth contribution support is provided. According to one embodiment, a method is provided for identifying an alternative retirement savings strategy that maintains take-home pay and increases a forecasted after tax value of a retirement portfolio. A split optimization module determines whether there exists an alternative retirement savings strategy for an investor that both (i) maintains take-home pay of an investor and (ii) increases a forecasted after tax value of a retirement portfolio of the investor as compared to a current retirement savings strategy of the investor. If the alternative retirement savings strategy exists, then a user interface module presents information associated with the alternative retirement savings strategy, including information regarding a recommended periodic contribution by the investor to be invested in the retirement portfolio and information regarding a target proportion of the recommended periodic contribution that should be made pre-tax and post-tax.

US Patent:

20110055115, Mar 3, 2011

Filed:

Aug 27, 2009

Appl. No.:

12/548840

Inventors:

Wei-Yin Hu - Menlo Park CA, US
Dolores A. Upton - Fremont CA, US
Irene Gitin - Sunnyvale CA, US

Assignee:

FINANCIAL ENGINES, INC. - Palo Alto CA

International Classification:

G06Q 40/00

US Classification:

705 36 T

Abstract:

A financial advisory platform that includes Roth contribution support is provided. According to one embodiment, trade-offs between a current retirement savings strategy and an alternative retirement savings strategy are presented to an end user. Information is received regarding the alternative retirement savings strategy, which includes information regarding a target proportion of retirement plan contributions to be invested pre-tax and post-tax in a retirement portfolio where the target proportion is different than the current proportion of pre-tax and post-tax contributions under the current retirement savings strategy. An after tax value of the retirement portfolio is forecast by a forecasting module based on the alternative retirement savings strategy. Trade-offs are presented between the alternative retirement savings strategy and the current retirement savings strategy. The trade-offs include an indication regarding an effect on take-home pay as a result of switching from the current retirement savings strategy to the alternative retirement savings strategy.