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.
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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.
