METHOD FOR FUNDING TAX-DEFERRED RETIREMENT OR SAVINGS ACCOUNTS VIA DEBT INSTRUMENTS

摘要

A portable device, which encompasses both a debt instrument such as a credit card and a savings instrument, which funds a TDS plan, is provided. The portable device allows a method, which includes providing a Statement having at least one section, which allows CCHs to select one, or a combination of a group of tax deferred investment accounts to receive the periodic monetary contribution, each representing a different level of risk. The method further includes providing a section within said Statement that allows for the CCH to specify TDS plans owned or controlled by third parties that will receive all or part of the periodic contribution made by the CCH, or whether the value of any one plan which the CCH or a third party controls will be transferred or liquidated. The method further includes providing the CCHs the option to allocate all or a portion of the cash-back rewards earned during a certain billing statement to the TDS account.