Hoosier Experts Fear Jobless Recovery in 2009

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updated: 1/5/2009 8:27:23 AM

[UPDATED] Hoosier Experts Fear Jobless Recovery in 2009

All eyes will be on Wall Street as it begins its first full week of trading in the new year. Chris Cooke of Cooke Financial Group says there could actutallu may be a few bright spots ahead for the markets. Bob Bach of Grubb & Ellis says he believes the first half of 2009 will definitely be rough and relief may not begin to occur until late in the year. He adds it's possible that job creation won't be part of an early recovery.


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Perspectives

Elaine E. Bedel

No Minimum Distribution Required in 2009

For retirement plan owners age 70 ½ or older, 2009 is a free year. You are not obligated to take your required minimum distribution. You can, however, make an income tax-free transfer from your IRA to a charity and/or convert tax deferred retirement funds to a Roth IRA.

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