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INSURANCE

What Should I Do With My Life Insurance Policy?

By The BIDaWIZ Team on February 4th, 2015 at 4:05 pm

If you have a life insurance policy that you purchased years ago and borrowed against it, you may now not have a need for it. If this is the case, you have a few different options to explore. Find out what makes the most sense for you. .
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BUDGETING

What Will Lower Oil Prices Mean For You?

By The BIDaWIZ Team on October 17th, 2014 at 5:11 pm

The price of oil continues to drop due to concerns of a global economic slowdown coupled with an apparent boom in US oil production. Even more, the recent 20% price drop over the past month is showing no signs of stabilizing. Having said that, consumers and certain businesses stand to benefit as a result of the big drop in oil prices. Read More.

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INSURANCE, TAX PLANNING

What Is The Health-Care Insurance Penalty?

By The BIDaWIZ Team on October 3rd, 2014 at 8:04 pm

This will be the first year that the health-care changes passed in 2010 will have an impact on those that opt out of coverage. Specifically, under the Individual Shared Responsibility Provision, individuals that are subject to the penalty will have to remit payment with their 2014 tax returns on April 15th. The penalty will not apply to those that obtain health insurance coverage through their employer or a state sponsored exchange. Still, there are certain groups that will pay hundreds and in some cases thousands in penalties. .
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MORTGAGES

What The New Mortgage Environment Means For You

By The BIDaWIZ Team on April 25th, 2014 at 3:56 pm

Last summer’s rise in mortgage rates has begun to impact the lending environment. The major bellwether mortgage lenders (J.P. Morgan & Wells Fargo) reported 28% declines in mortgage origination in the first quarter of 2014 as compared to the prior quarter. Moreover, the lending market at a whole is down 58% year over year. Read More.

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INSURANCE

What Should You Do If You Have A Large Medical Bill?

By The BIDaWIZ Team on April 4th, 2014 at 12:27 pm

Many health insurance providers will not cover the entire cost of a hospital visit. Your coverage will vary by provider, but in many cases you can expect 60-80% of the medical bill to be covered by your insurance. This can result in a medical bill in the thousands. Fortunately, there are ways in which you can get relief. .
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CREDIT CARDS

Should I Apply For a Personal Loan Or Use My Credit Card?

By The BIDaWIZ Team on March 28th, 2014 at 6:45 pm

Unlike a mortgage or a auto loan, a personal loan can be used for almost any purpose. It’s set up for a specific length of time at a fixed interest rate which is typically lower than most credit card APRs. Many banks and credit unions offer personal loans and now there is a whole new market of peer to peer lending networks established by companies like LendingClub and Prosper. Read More.

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MORTGAGES

The Rules For Reverse Mortgages Have Changed For The Better

By The BIDaWIZ Team on February 27th, 2014 at 10:03 pm

Seniors that have hit hard times may be forced to make a difficult decision. Do they sell their investments to stay afloat or should they tap into their home equity? If they are considering tapping into their home equity, the rules regulating reverse mortgages have recently changed for the better. Find out if a reverse mortgage is an option you should consider. Read More.

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PERSONAL FINANCE

Should I Be Worried If I Don’t Recognize The Phone Number?

By The BIDaWIZ Team on February 13th, 2014 at 8:43 pm

There have been an increasing number of scammers that have been using automated processes to place unsolicited calls. You may have recently received a call from a number you didn’t recognize, but you still picked up the phone. If this wasn’t a person you knew that was simply calling from a different number or a telemarketing service, chances are that no one was on the other end of the line. You may have just hung up or decided to call the number back. Read More.

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INVESTING, TAX PLANNING

Common Mistakes When Choosing a 529 College Savings Plan

By The BIDaWIZ Team on January 24th, 2014 at 4:53 pm

A 529 college savings plan offers many parents and future college students with an attractive option for socking away funds for tuition expenses. While the plan offers many benefits, the account holders don’t always understand the mechanics of how the plans work and how they can be used effectively. Find out if you understand the complete capabilities and limitations of these plans. Read More.

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PERSONAL FINANCE

What The Latest Target Data Breach Means For You

By The BIDaWIZ Team on January 10th, 2014 at 8:31 pm

During the holiday season, Target publicly announced that 40 million credit and debit cards were stolen by hackers. Now, new details released by Target indicated that personal details of up to 110 million customers were also obtained by hackers. Given that this hack represents more than 35% of the US population and it’s likely to impact many more, we thought it would be wise to learn how you can protect your personal information. Read More.

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