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Gilding Your Golden Years

Retirement planning is about more than just money

5 min read

Are you preparing for your retirement? Yes, you , at whatever stage of your engineering career you happen to be—not just those of you who are well into your careers and getting closer to that day of reckoning. All of us should be thinking regularly about what to do with the rest of our lives when we reach retirement—whether it’s choosing to put our feet up and become couch potatoes or, we hope, to continue a robust life full of interesting and rewarding activities. Make it happen—don’t just (maybe) let it happen.

The trick, of course, is how to make it happen. To be sure, a great deal of the enjoyment of your postwork days will depend on your finances. This article, however, is not focused on how to analyze the financial aspects of your retirement. There are plenty of places to get information on that all-important subject. See, for example, Retire on Less Than You Think: The New York Times Guide to Planning Your Financial Future , by Fred Brock (Times Books, 2004). Obviously, you need to understand what kind of retirement program your organization offers, as the traditional fixed-pension benefit programs gradually disappear and are replaced by 401(k)s, IRAs, and other offerings, supplemented by future yields of government retirement programs like the U.S. Social Security system. As you move along in your career, make sure you think about your financial future regularly, at least annually. A good time to assess your retirement situation and take action is tax time.

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Asad Madni and the Life-Saving Sensor

His pivot from defense helped a tiny tuning-fork prevent SUV rollovers and plane crashes

11 min read
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Asad Madni and the Life-Saving Sensor

In 1992, Asad M. Madni sat at the helm of BEI Sensors and Controls, overseeing a product line that included a variety of sensor and inertial-navigation devices, but its customers were less varied—mainly, the aerospace and defense electronics industries.

And he had a problem.

The Cold War had ended, crashing the U.S. defense industry. And business wasn’t going to come back anytime soon. BEI needed to identify and capture new customers—and quickly.

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