Bank of the Ozarks News & Insights Blog

16 Jan 2017

How to Handle an Unauthorized Debit Card Transaction

Anyone else feel hungover from the Holidays?  Vacation is over.  Decorations need taken down.  Unwanted gifts need returned, and in my case, I never even received one of the gifts I ordered for my kids.  I’ve tried contacting the online retailer via email and phone, and they still haven’t responded. If you have a similar […]

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09 Jan 2017

Managing Bill Payment Can Be a Balancing Act

Almost a quarter of Americans don’t pay their bills on time. While many fall behind due to financial hardships, many more have the money to pay on time but don’t. They forget. They procrastinate. They don’t have time. They need to order more checks. Whatever the excuse, it’s not worth the late fees and the […]

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02 Jan 2017

Safe Deposit Boxes: Still Useful in a Digital Age

A friend of mine told me safe deposit boxes are only for spies and grandparents.  He jokingly described a mysterious world of fake passports and dead-letter drops, then contrasted it with the ho-hum of stored wills and tax documents.  “Why would I need one?” he said, citing how he lives almost paperless and backs up […]

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26 Dec 2016

Lending Terminology: Can You Speak the Lingo?

I was nervous the first time I reached out to a lender in hopes of borrowing money.  So nervous that I tried to do some homework before our meeting, that way I might at least sound like I knew what I was doing.  If you’re like I was and think principal is referring to the […]

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19 Dec 2016

Financially Fit Ways to “Spend” Your RMD – Part Two

If you’ve reached age 70½ and have tax-deferred retirement accounts, like a 401(k) or traditional IRA, consider this as a reminder to take your required minimum distribution, commonly referred to as an RMD, before the end of the year.  Failing to do so will result in the IRS imposing a 50%  penalty on the amount […]

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7 Financially Fit Ways to “Spend” Your RMD – Part One

If you’ve reached age 70½ and have tax-deferred retirement accounts, like a 401(k) or traditional IRA, consider this as a reminder to take your required minimum distribution, commonly referred to as an RMD, before the end of the year.  Failing to do so will result in the IRS imposing a 50% penalty on the amount […]

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12 Dec 2016

Searching for a Home? Here’s a Change I Learned About While Getting Pre-Qualified

I recently contacted a loan officer about a mortgage for an investment property and was startled to find out things have changed since I last bought a house.  I went to him to get pre-approved for a mortgage only to find out most banks don’t really do that anymore.  “Why not?” I asked.  “And how […]

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05 Dec 2016

11 Ways to Keep From Spending Too Much During the Holidays

Thanksgiving, Black Friday, and Cyber Monday may be behind us, but there are still several weeks left to the holiday—ahem “shopping”—season.  Here’s a few ways I plan to put more cheer and less cost in my holidays. Budget: Step numeral uno is to set a budget and stick to it.  I’m going to limit my […]

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28 Nov 2016

“Too good to be true?” Consider Consolidating your Credit Card Debt with a Personal Loan.

You’ve probably heard those credit counseling radio ads that start, “Do you feel like you’re swimming in credit card debt and you’re worried the high interest rates might drown you?”  And you may even relate to what they’re saying because, according to Money Magazine, the average American between the ages of 18 and 65 has […]

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21 Nov 2016

Feeling Thankful? Here’s Six Gift Ideas that can Emphasize Your Gratitude

You’re thankful for a lot this year. Here’s a few things you can add to thank you notes to show how appreciative you are: VISA Gift Cards:  Whether it’s a neighbor who helped pick up your mail while you were on vacation or a soldier you’d like to thank for their service, a VISA gift […]

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14 Nov 2016

Which is Better? A Roth or Traditional IRA

I once heard a financial professional say to a small audience, “You don’t have to pay taxes on withdrawals made from a Roth IRA, so I don’t know why anyone opens Traditional IRAs.”  I cringed when I heard this because I could think of dozens of scenarios where a Traditional IRA might outshine a Roth.  […]

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07 Nov 2016

How to Continue Banking on a Holiday

Holidays are a time for relaxation, friendship, and good food, yet life doesn’t completely stop.  Sometimes you need to perform a little banking between the noon nap and 5 p.m. turkey dinner.  Or worse, sometimes you don’t even get the day off, meaning you may need cash for lunch or you have checks to deposit […]

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