Tag: Cliff Asness
CONSUELO MACK: This week on WealthTrack: A financial thought leader and money manager who says you are not totally diversified until the three dirty words of finance are in your portfolio. AQR Capital’s Cliff Asness explains what they are, next on Consuelo Mack WealthTrack. Hello and welcome to this edition of WealthTrack, I’m Consuelo Mack. Get a comfortable seat, take out your note pads and be prepared for a graduate level seminar on investing, mostly in layman’s terms, but just in case I am providing some definitions. Our guest this week is a Financial Thought Leader with an academic and
You are not alone! Recently we learned some distressing news about the state of retirement finances from the acknowledged experts in the field, the Employee Benefit Research Institute.
EBRI, as it is called, released its 23rd annual “Retirement Confidence Survey” which gauges the views and attitudes of both working-age and retired Americans. Even with the economy improving, the state of retirement planning and preparedness has not. The percentage of workers confident about having enough money for a comfortable retirement is essentially unchanged from the record lows of 2011. One of EBRI’s most shocking findings was the lack of even a short-term financial cushion for many. Only 50% of workers and 52% of retirees say they could definitely come up with $2,000 if an unexpected need arose within the next month. Continue Reading »