Neal Lewis, assistant professor of practice in the Master of Engineering Management program, will conduct the MEM Seminar, “An Engineer’s Approach to Social Security Planning: When to Start Benefits,” on Wednesday, May 11, noon-1 p.m. via Zoom (link below). You can watch in Othmer 114D or PKI 100A.
Engineering economic analysis uses financial tools to determine capital investment strategies. These tools, including risk analysis, work well in retirement financial planning. This is particularly true for economic analyses of when to start Social Security benefits, which depend on both economic and mortality factors. Social Security also makes an interesting case study for engineering economy classes. The topic combines forecasting, present value and rate of return analysis, and risk. The information also involves real world data, which appeals to many students. Using engineering approaches to investment, we find that we disagree with much of the popular press in their recommendations of when a person should start Social Security benefits.
We will discuss Social Security benefit strategies and options, the results of the economic and risk analysis, and options for single and married people. We will also discuss how I use this material as case studies in class. The focus will be on outcomes and strategies, not the math.
Neal Lewis, CPEM, received his Ph.D. in engineering management in 2004 and B.S. in chemical engineering in 1974 from the University of Missouri-Rolla and his MBA in 2000 from the University of New Haven. He has over 25 years of industrial experience at Procter & Gamble and Bayer. Neal has more than 100 publications and presentations –including three books, four best paper awards at conferences, and two best article awards in journals. Neal is a Fellow and Associate Executive Director of the American Society for Engineering Management.
More details at: https://unl.zoom.us/j/94520921117