Just output your video as an AVCHD/Mp4.
How you do that depends on which version of the program you're editing your video in.
What do you want to do?
If you export your Timeline content to file, example AVCHD.mp4, you will not have menus.
What version of Premiere Elements, what computer operating system?
If you have Premiere Elements 14 Windows, you should be able to take your Timeline content including the menus to an .iso file saved to your computer hard drive and the transferred it to USB Flash Drive. In this instance, I have not been able to get the burn to ISO Image to recognize the USB Flash Drive as a supported save to location in the burn to setup. Ways to playback .iso files without taking them to disc.
I think that you can right click the iso on the hard drive and open it with the current VLC player for playback with menus and video for DVD-VIDEO.
Also explore examples
1. Open the .iso file in the free 7-ZIP software (Extract Files) to get the VIDEO_TS Folder and OpenDVD Folder. For Windows: 7-ZIP http://www.7-zip.org/
2. Mount the .iso file on a virtual burner (example Phantom Burner which presents as a burner drive), and then open the the .iso on the drive to see the VIDEO_TS Folder and OpenDVD Folder.
For Windows: Phantom Burner 2.0 http://www.phantombility.com/en/download/