Stock market corrections are a part of life when it comes to investing, and they happen more often than investors may think. Consider this: Since 1900 there have been 123 market corrections, according to Ned Davis Research, a global investment firm. A market correction occurs when the stock market declines between 10% and 20%. A bear market happens when the sell-off is greater than 20%. Pretty scary for retirees for sure. But after every stock market correction ,it took an average of less than a year for stocks to recover. Even with the stock market crash of 2008 when the Dow Jones Industrial Average fell more than 50%, stocks rebounded quickly and six years later are trading at all-time highs.
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