Ask Kim

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

February 13, 2019

Ex-Workers Get More Time to Repay 401(k) Loans

If you leave your job while you have an outstanding 401(k) loan, Uncle Sam now gives you extra time to repay it -- thanks to the new tax law.

See More On: 401(k)s | Employee Benefits | Loans

February 8, 2019

Tap an IRA Tax-Free With an HSA Rollover

You can convert tax-deferred money in a traditional IRA into tax-free cash by rolling it over to a health savings account and using it to pay for medical bills.

See More On: Health Care & Insurance | Employee Benefits | IRAs

February 5, 2019

How to Report an IRA Charitable Distribution on Your Tax Return

Your IRA administrator will send you a 1099-R, noting your entire distribution; you need to report it to Uncle Sam -- and call out what portion was used as a qualified charitable distribution -- on your 1040.

See More On: Tax Prep & Filing

January 31, 2019

Know the Benefits of a Roth 401(k)

Determine whether it’s important for you to have tax-free money in retirement.

See More On: 401(k)s | IRAs

January 31, 2019

Tax Breaks for Charitable Work

Here’s why it’s important to have a detailed log of your expenses while working with a charity.

See More On: Tax Breaks | Tax Planning

January 31, 2019

Fighting a Drug Coverage Denial

These workarounds should help curb the Rx stalemate.

See More On: Health Care & Insurance | Healthy Living on a Budget

January 29, 2019

Child-Care Tax Breaks for Working Parents

Working parents may be able use their flexible spending account along with the child and dependent care credit to save on taxes when paying for child care.

See More On: Tax Breaks | Family Finances | Tax Planning

January 28, 2019

Tax Forms You Need to File Your Return

You need the following forms to verify income, deductible expenses and charitable gifts when filing your income tax return.

See More On: Tax Prep & Filing

January 16, 2019

Switching to a New Medicare Advantage Plan Gets Easier

New rules in 2019 give consumers more time and options to change their Medicare Advantage plan if they don't like it.

See More On: Medicare

January 16, 2019

How Does the Government Shutdown Affect Medicare?

Plus, find out about the partial shutdown's impact on health coverage for veterans and government employees.

See More On: Medicare

January 11, 2019

Using a Health Savings Account to Pay Long-Term-Care Premiums

You can tap an HSA to pay the premiums for a long-term-care insurance policy, but the amount you can withdraw tax-free depends on your age.

See More On: Health Care & Insurance

December 28, 2018

The 11 Most Valuable Personal-Finance Lessons of 2018

How to reduce taxes and medical bills, help the next generation save for retirement and protect against identity theft were some of the issues on readers’ minds in 2018.

See More On: Financial Planning | 529 Plans | Auto Insurance

December 24, 2018

Last-Minute Questions on RMDs from Retirement Accounts

As the deadline approaches for older savers to take required minimum distributions from retirement accounts, readers raise some tricky questions about the rules.

See More On: Required Minimum Distributions (RMDs) | Making Your Money Last | Saving for Retirement

January 3, 2019

When to Use Virtual Doctors' Visits

You can save big compared to an in-person doctor visit or a trip to the emergency room.

See More On: Health Care & Insurance | Family Finances

January 3, 2019

Financial Prep for Natural Disasters

Make sure you have enough insurance to cover the full cost of rebuilding your home after a fire or other catastrophe.

See More On: Home Insurance | Family Finances

January 3, 2019

Recouping Social Security Benefits

If you haven't yet reached full retirement age and have returned to the workforce, expect for your benefits to be reduced.

See More On: Social Security | Financial Planning

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