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INSURANCE

Do You Have a Grandfathered Health Insurance Plan?

By The BIDaWIZ Team on September 21st, 2012 at 3:30 pm

The new health care law has brought on a barrage of new questions for covered individuals and employees. One topic that hasn't been discussed much is the consequences for having a grandfathered health insurance plan. It just so happens that grandfathered plans escape some of the provisions of the new law. .
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BUDGETING

When Should I Purchase My Airplane Ticket for 2013 Travel?

By The BIDaWIZ Team on September 21st, 2012 at 2:00 pm

The increasing number of mergers and acquisitions being executed in the airline industry should gain the attention of frequent travelers. Industry consolidation has historically preceded a lengthy period of higher fares. It’s not always just oil prices. What can you do to find the best price for your next flight? Read More.

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MORTGAGES

What Should I Do If I Inherit a Property With a Mortgage?

By The BIDaWIZ Team on September 20th, 2012 at 3:00 pm

While the housing market is showing signs of improvement, there are still many homes that are underwater. This can complicate things for those that recently inherited a property. Are the beneficiaries liable for these debts? .
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MORTGAGES

Jumbo Mortgages Are Back in Style

By The BIDaWIZ Team on August 31st, 2012 at 10:00 am
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Several major mortgage lenders have reported a significant increase in the number of jumbo loans they are issuing. According to new data compiled in Inside Mortgage Finance, lenders issued more than $38 billion in jumbo loans in the second quarter (June 2012) as compared to $17 billion in the same quarter a year ago. This is quite a change and a return to levels experienced in the early part of 2008, near the beginning of the recession. Read More.

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PERSONAL FINANCE

Are Your Heirs Liable For Student Loan Debt?

By The BIDaWIZ Team on August 29th, 2012 at 4:30 pm

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Many parents and grandparents have agreed to take on or cosign their children's student loans because of the rising cost of tuition coupled with a struggling economy. If the borrower passes away, are these debts then transferred to the borrower's heirs and cosigners? .
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BUDGETING

What Happens To My Frequent Flier Miles When I Pass Away?

By The BIDaWIZ Team on August 28th, 2012 at 10:30 pm

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When we think about estate planning, what usually comes to mind is transferring your home, investments, and life insurance policies to your beneficiaries. However, most people have valuable positions that include many other smaller ticket items. What happens to the thousands of frequent flier miles that you've accumulated over the years when you are longer around? .
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INVESTING

Should You Setup a Custodial Account For Your Child?

By The BIDaWIZ Team on August 22nd, 2012 at 4:00 pm

Parents that have already setup a 529 plan or Roth IRA for their child, may want to consider a custodial account as well. This account will effectively provide your young child with some capital when they are no longer a minor. Still, should you set one up and what are the drawbacks? .
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MORTGAGES

Refinancing a Second Home May Not Be As Easy As You Think

By The BIDaWIZ Team on August 20th, 2012 at 8:00 pm

Those lucky enough to have a vacation home or investment property, may be getting anxious to refinance with average 30 year and 15 year mortgage rates at 3.75% and 3.00%, respectively. However, property owners need to aware that lenders typically have a different and stricter set of guidelines when reviewing a refinancing application for a second home. .
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CREDIT CARDS, FINANCIAL ADVICE

Protections For Small Business Credit Card Holders Continue to Lag

By The BIDaWIZ Team on August 9th, 2012 at 6:00 pm

Many small business owners are finding that consumer credit cards are providing more financial flexibility and greater protections than business cards. Specifically, the credit card act of 2009 provides significant protections for consumer issued cards. Should you consider a consumer credit card for your business purchases? .
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INSURANCE

The Expected Trend Toward Defined Contribution Health Plans

By The BIDaWIZ Team on August 3rd, 2012 at 1:00 am

Many of us are familiar with defined contribution plans as they relate to our employer sponsored retirement accounts (i.e. 401k). This model may soon become popular with health care plans. .
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