The Rational Reminder Podcast · Thursday, July 9, 2026
Dr. Paul Kaplan discusses how his life cycle model differentiates itself by integrating with mean-variance optimization principles, a concept pioneered by Harry Markowitz. This integration allows for a more comprehensive approach to financial planning.
“How it differs, it's in some of the details. And also in the way that we have linked together life cycle finance, life cycle models, we have linked it together with mean variance optimization models that came out of the work of Harry Markowitz.”
“And so that entire balance sheet gets fed into what we call our net worth optimization model, which then determines the asset allocation.”