930: "Rocket Science" and Personal Financial Management
9:45 AM - 11:15 AM
Understanding the fundamental issues associated with some of today’s personal financial challenges (e.g.,retirement planning and investing, saving for a child’s college education, meeting monthly mortgage expenses) will be the focus of this course. A disciplined approach, with emphasis on mathematical analysis and computer simulations, along with common sense, and conventional wisdom, will be used to highlight alternative approaches, methodologies, and solutions to the fundamental personal financial management issues of growth of savings, withdrawal of principal, risk management, asset allocation, investment return expectations, and coping with inflationary cost of living growth. Optional reading material will be provided to participants before the first class. OLLI does not endorse particular products or financial advice from Study Group Leaders.
Class Type: Lecture and Discussion
Class Format: Online
Hours of Reading: No reading
Study Group Leader(s):Robert Feldhuhn
Bob Feldhuhn is a retired Department of Defense aerospace engineer. He is pursuing an avocational interest in mathematical analysis and computer simulation, exploring how 30-plus years of experience gained in addressing defense-related problems can be applied to address financial issues associated with retirement, planning, and investing. The course includes supporting commentary from ChatGPT, an artificial intelligence language model developed by OpenAI. It is designed to understand and generate human-like responses to natural language queries, making it an effective tool for a wide range of applications, including language translation, text summarization, and chatbot development.