Ask Kim

Kim Lankford answers your questions about managing money -- specifically, insurance and taxes -- twice a week.

January 19, 2018

6 Questions Retirees Are Asking About Required Minimum Distributions

When it comes to taking the first required minimum distribution from your IRA or making tax-free withdrawals for charitable donations, the rules can be tricky.

See More On: IRAs

January 17, 2018

5 Ways Roth IRAs Help Retirees

The reduction in tax rates under the new tax law could make contributing to a Roth IRA more attractive even for those nearing retirement.

See More On: IRAs

January 12, 2018

Make Sure You Have Proof to Support Your Charitable Tax Deductions

In an audit, the IRS may deny your charitable write-offs if you don't have a record of your contributions.

See More On: Tax Planning

January 10, 2018

New Tax Law Offers Added Incentive to Make Tax-Free Transfer of RMDs From Your IRA to Charity

Basic rules for charitable deductions stay the same under the new tax law, but a near doubling of the standard deduction may change people's giving.

See More On: IRAs

From Kiplinger's Personal Finance, February 2018

Will a Credit Freeze Boost Car Insurance Premiums?

In a few states, you may need to thaw frozen credit reports before buying or renewing insurance policies.

See More On: Auto Insurance | Buying & Leasing a Car

From Kiplinger's Personal Finance, February 2018

Can Your Adult Child Contribute to a Health Savings Account?

Even if your son is on your family's insurance policy, he may be eligible to contribute to a HSA.

See More On: Health Care & Insurance | Family Finances

January 5, 2018

12 Smart Financial Moves for the New Year

Make 2018 the year you take the steps to save money on insurance, reduce your taxes, boost your retirement savings and protect yourself from identity thieves.

See More On: Saving for Retirement

December 29, 2017

Personal Finance Columnist Kim Lankford's Best Money-Saving Lessons of 2017

How to lower medical costs, support hurricane victims and protect homes from disaster are among the issues readers asked me about most during the past year.

See More On: Medicare | Family Finances | Financial Planning

December 22, 2017

Talking to Older Parents About Their Plans for the Future

When families are gathered for the holidays is a good time for adult children to broach the subject of their parents' housing and health care plans for the years ahead.

See More On: Family Finances | Estate Planning | Financial Planning

December 22, 2017

Smart Ways to Spend Down Your Flexible Spending Account

Some employers allow workers to carry over up to $500 in a flexible spending account from one year to the next, while others offer a grace period until mid March. Knowing your deadline will prevent you from losing FSA dollars.

See More On: Healthy Living on a Budget | Leisure Spending | Making Your Money Last

December 15, 2017

Charitable Giving Can Begin at Home with a Donor-Advised Fund

Parents and grandparents can launch the next generation of philanthropists by allowing kids to help decide where to donate money from a donor-advised fund.

See More On: Smart Buying

December 14, 2017

How Much Are Those Old Baseball Cards Worth?

Depending on the year, condition and, of course, the player, some baseball cards could be worth thousands of dollars.

See More On: Family Finances

December 8, 2017

How Much Families Can Contribute to a Health Savings Account

You and a spouse can contribute a total of $6,900 to an HSA in 2018, plus a catch-up contribution if you’re 55 or older. And thanks to a quirk in the law, an adult child covered under the family’s high-deductible health policy may also be able to contribute $6,900 to his or her own HSA.

See More On: Saving Money | Employee Benefits | Family Finances

December 7, 2017

The Potential Tax Hit When High Earners Convert to a Roth IRA

High earners using a "backdoor" strategy to open a Roth IRA can trigger taxes if they own other IRAs.

See More On: 401(k)s | IRAs | Roth IRAs

December 1, 2017

College-Savings Plans Make It Easy to Give a Child the Gift of Tuition

Relatives can contribute to a child's 529 college-savings plan, and in many cases they can get a tax deduction on their gift.

See More On: 529 Plans

November 29, 2017

How to Change Your Medicare Advantage Plan Outside of Open Enrollment

If you end up unhappy with the Medicare Advantage plan you signed up for, you may be able to switch before next year's open enrollment.

See More On: Medicare | Health Care & Insurance

November 22, 2017

What You'll Pay for Medicare in 2018

The standard premium for Medicare Part B won't change next year, but some recipients will still end up paying more.

See More On: Medicare

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