Dr. Paul Kaplan

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479 appearances 1 recordings 1 series first heard Jul 2026 last heard 9 Jul

Dr. Paul Kaplan’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

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So your circumstances include your own mortality.

In the book, we use a model of mortality that was recommended by Moshe Malevsky.

And then the market.

What are your assumptions about the market?

What do you think the expected returns on stocks versus bonds is?

How risky do you think stocks and bonds are?

How correlated are stocks and bonds?

So all these things are all kind of your circumstances.

So everything then gets kind of down to preferences, needs, and circumstances.

And that's what we're trying to get through.

We're trying to get to the profiling process.

That's really what we're trying to get at.

Because we have to gather all this information about the investor in order to construct a consumption plan and an investment plan.

The main output of the model is the consumption plan.

How much are you going to consume each year?

And another output of the model is how to invest your financial assets.

So typically it's telling you how much you can translate that.

into savings before retirement, but after you retire, it flips over to spending down.

So for someone who's retired, they're withdrawing money out of their financial assets.

Life insurance and annuities are important in bequest planning and generating a smooth consumption for your entire life.

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