Financial planner gives perspective on this year’s stock market woes

Lake Charles, LA (KPLC) – The stock market’s performance this year was especially disappointing for those nearing retirement. If you watch the stock market hoping to see your money grow, this year may have been discouraging. But though the market is down, Certified Financial Planner Reed Mendelson says look at the big or long-term picture. “It was a terrible year, and 2008 was a was a bad year, and ‘92 was a bad year, and we have always recovered,” he said. “It took from 2008 to 2013 to get it all back. We got it all back and a bunch more,” said Mendelson. […]