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INSURANCE

How Changes To The Health Care Law Impact Your Grown Children

By Susan Ladika on February 17th, 2011 at 11:18 am
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If you’ve got adult children under the age of 27 who don’t have their own health insurance, they’re now in luck. With the changes brought about by the federal government’s Patient Protection and Affordable Care Act, which was approved last year, if you have health insurance through your employer, coverage is now extended to children age 27 and younger. Before the change, the IRS allowed tax-free coverage for children up to the age of 19, or up to age 24 if they were a full-time student. Read More.

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MORTGAGES

New Law Could Push Mortgage Rates Higher

By The BIDaWIZ Team on January 14th, 2011 at 2:53 pm
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Just like debit card fees are rising, mortgage rates are also likely on the rise. Regulators are trying to meet an April deadline to finalize the new mortgage requirements that could be devastating to not only lenders but also borrowers. Read More.

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BANKING

More Debit Card Fees Coming

By The BIDaWIZ Team on January 7th, 2011 at 10:49 am
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Remember the credit card legislation that was passed in February which effectively erased billions of dollars of fees issuers charged customers? Another law is also set to impact banks. Starting in July, banks must significantly decrease the transaction fees they charge merchants when customers pay with a debit card. In response to this new law, banks are planning to issue new changes to your debit card account to make up for this massive loss. As JPMorgan CEO Jaime Dimon put it, “If you’re a restaurant and you can’t charge for the soda, you’re going to charge more for the burgers.” Read More.

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INVESTING

What Should You Do With Your Social Security Tax Cut?

By Susan Ladika on January 6th, 2011 at 2:16 pm
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Congress’s passage last month of the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010, commonly known as the extension of the Bush tax cuts, will bring one big change for taxpayers: an extra 2 percent in your pocket from the reduction in the Social Security tax. The tax drops from 6.2 percent to 4.2 percent for all wages earned, up to $106,800. Read More.

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INSURANCE

Does it make sense to get renters insurance?

By Susan Ladika on December 16th, 2010 at 12:00 pm

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If you don't own a home, buying renters insurance might seem like a waste of money. If the roof of the house or apartment you're renting blows off in a tornado, or the structure is damaged in a fire, it’s the landlord’s responsibility to make repairs. But what about the furniture, computer, clothing, and countless other personal possessions that you own? .
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BANKING

Can You Get a Personal Loan Just by Posting Collateral?

By Susan Ladika on December 3rd, 2010 at 7:38 pm

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With tight credit and a still unsettled housing market, home equity loans can be impossible to obtain, while credit card limits have been slashed or the cards canceled completely. But there are certain times when people need to get their hands on extra cash. It could be for an emergency home or car repair, or simply to have enough money to make it through the holiday shopping season. Personal loans just might be a welcome alternative. .
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BANKING

There Might Be Lost Funds That is Yours

By The BIDaWIZ Team on October 29th, 2010 at 3:06 pm
unclaimed-money

Hey New Yorkers! There might be some unclaimed funds out there that are rightfully yours and you don’t even realize it. If this is the case, the State is holding the monies right now so you better claim it quick. Also, this isn’t just for individuals, this is for companies too! Read More.

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NEGOTIATION

Can My Employer Change My Pay From Salary to Hourly?

By The BIDaWIZ Team on October 22nd, 2010 at 1:54 pm

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The still unstable economy has led many companies to change the employment status of some of their employees. Many salaried employees are now being told that their compensation will be transitioned to hourly & their employment status will legally shift from exempt to non-exempt. It is very important to understand what this change means to employees that have been affected and could be in the future. .
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CREDIT CARDS

My Parents’ Credit Card Account is Hurting My Credit Score

By The BIDaWIZ Team on October 12th, 2010 at 4:05 pm
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Believe it or not, the following scenario is all too common: “I just saw my credit report for the first time & there was a credit card account that I had no knowledge of. When I called the bank that held the account, they told me it was somehow attached to my mom. The account was opened in 1996, I would have been ten years old at the time, and my name is attached to the account! Not only was this account opened without my knowledge, it has hurt my credit score as there are multiple late payments.” Read More.

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INVESTING

Does It Make Sense To Go To Vocational School?

By The BIDaWIZ Team on October 7th, 2010 at 6:43 pm

vocational-school-investment
Economists & political pundits alike seem to argue on a daily basis that the single greatest reason for the slow job recovery is the significant disconnect between the skills of unemployed workers and those required by employers. This claim is probably reason enough for an unemployed worker or those with little job security to evaluate their options for returning to school. .
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