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INSURANCE

The 40% Excise Tax On Health Care Plans May Impact You

By The BIDaWIZ Team on July 26th, 2012 at 3:00 pm

We all know that health care reform is on its way which means that taxes will be rising. The government will be utilizing a variety of funding sources such as the 3.8% investment income tax and the 0.9% additional medicare tax directed toward high income earners. One other area that hasn't been discussed much happens to be the 40% insurer excise tax on "Cadillac" health care plans. This excise tax may impact far more than just C-Level executives with fat cat health care plans. .
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INSURANCE

Should I Purchase Long-Term Care Insurance?

By The BIDaWIZ Team on July 25th, 2012 at 8:00 pm

The 65 year old plus population is expected to grow from 40M today to 71M or 20% of the population in 2030 (US Census Bureau June '09). Still, very few Americans have a plan when it comes to long-term care insurance. Investing in a policy today may save you tens of thousands of dollars per month later on in life. .
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CREDIT CARDS

What Actions Will Hurt My Credit Score?

By The BIDaWIZ Team on July 20th, 2012 at 4:00 pm

One of the hot topics the past few years relates to credit, since it is so difficult to obtain these days. It is quite possible that certain actions you have taken or are thinking about taking now, will hurt your credit score. Find out what they are. Read More.

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INSURANCE

How to Handle Insurance For Children in College

By The BIDaWIZ Team on July 18th, 2012 at 8:00 pm

When your child moves away from home and off to college, there are a whole slew of things to take care of which includes reviewing your insurance coverage. Is your child appropriately covered or are you spending too much on insurance? .
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MORTGAGES

Should I Refinance With An Adjustable Rate Mortgage?

By The BIDaWIZ Team on July 18th, 2012 at 10:30 am

Adjustable rate mortgages may seem like a great deal these days with average rates for 1 year ARMs at or near 2.7%. This compares to 30 year and 15 year fixed rate mortgages at 3.6% and 3.0% respectively. Does the extra 30 to 90 basis points in annual interest savings justify the risk of obtaining an adjustable rate mortgage? .
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HIRING, TAX BREAKS

How Have Small Businesses Reacted to the Health Care Mandate?

By The BIDaWIZ Team on July 13th, 2012 at 3:00 pm

Most small to mid-sized businesses that we’ve spoken with have reacted negatively to the new health care mandate. Many have contemplated a whole host of tactics to avoid the 50 or more employee rule requiring health care be provided to employees. Read More.

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TAX BREAKS

Small Businesses Should Take Note of the R&D Tax Credit

By The BIDaWIZ Team on July 13th, 2012 at 12:30 pm

The research and development credit expired for the 15th time at the end of 2011 and wasn't reinstated as some expected. Small businesses need to be aware of this credit since most are eligible and never claim it. .
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MORTGAGES

Borrowers Beware of the New Mortgage Credit Score

By The BIDaWIZ Team on July 12th, 2012 at 11:00 pm

Homebuyers are still having difficulty obtaining mortgages as strict lending requirements remain in place. To try to provide greater transparency for lenders, FICO recently released a new mortgage credit score that better captures consumer buying behavior. How will this impact new homebuyers? Read More.

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MORTGAGES

Should Seniors Consider Reverse Mortgages?

By The BIDaWIZ Team on July 6th, 2012 at 2:00 pm

Seniors that are 62 or older may be eligible to obtain a reverse mortgage which is a type of home equity loan. There are clear risks with reverse mortgages, but for some, it may provide a financial life line during retirement. .
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FINANCIAL ADVICE

Should I Purchase Cyber Liability Insurance For My Business?

By The BIDaWIZ Team on July 6th, 2012 at 11:00 am

One of the prerequisites to opening up a business is applying for general liability insurance in case of an accident at the workplace. But, these days many companies that now operate a website are also exposed to cyber liability risks. Should your business apply for cyber liability insurance? .
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