Friday November 2, 11:03 am ET
By Janice Revell, Money Magazine senior writer
If you're saving for a retirement decades away, Thursday's big drop in
the stock market shouldn't worry you too much.
But something did happen this week that you can't afford to ignore:
the Federal Reserve's rate cut.
ADVERTISEMENT
The Fed's actions could very well be ushering in a new era of
inflation - and that is horrible news for your retirement portfolio.
When you save for retirement, you're saving for a lifetime supply of
food, shelter and golf fees. Over time, the prices for these things
only go one way: up.
Retire Rich: Why the Fed\'s rate cut should scare you
lei123 (2007-11-03 11:29:25) 评论 (2)
Friday November 2, 11:03 am ET
By Janice Revell, Money Magazine senior writer
If you're saving for a retirement decades away, Thursday's big drop in
the stock market shouldn't worry you too much.
But something did happen this week that you can't afford to ignore:
the Federal Reserve's rate cut.
ADVERTISEMENT
The Fed's actions could very well be ushering in a new era of
inflation - and that is horrible news for your retirement portfolio.
When you save for retirement, you're saving for a lifetime supply of
food, shelter and golf fees. Over time, the prices for these things
only go one way: up.
By Janice Revell, Money Magazine senior writer
If you're saving for a retirement decades away, Thursday's big drop in
the stock market shouldn't worry you too much.
But something did happen this week that you can't afford to ignore:
the Federal Reserve's rate cut.
ADVERTISEMENT
The Fed's actions could very well be ushering in a new era of
inflation - and that is horrible news for your retirement portfolio.
When you save for retirement, you're saving for a lifetime supply of
food, shelter and golf fees. Over time, the prices for these things
only go one way: up.