Ask Kim

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

February 15, 2018

An Overlooked Tax Break for Part-Timers

Semiretired or part-time workers saving money in an IRA or other retirement plan may qualify for an often-ignored tax credit that will lower their tax bill.

See More On: Careers

February 14, 2018

Jump-Starting a Health Savings Account With an IRA Rollover

Federal rules allow you to roll over money from an IRA to an HSA once in your life. But you may forfeit a tax break by doing so.

See More On: IRAs | Health Care & Insurance | Roth IRAs

February 12, 2018

E-mails From the IRS -- and Other Signs of a Tax Scam

Identity thieves are getting more sophisticated at tricking taxpayers into revealing their personal information. Here are some scams you may encounter this tax season and ways to tell fact from fraud.

See More On: Scams

February 7, 2018

529 Savings Plans Have More Uses -- But States Need to Catch Up

The new federal tax law allows families to use 529 college plans to pay tuition for kindergarten through high school. But doing so before state laws are revised to reflect the new rules could trigger a tax and a penalty.

See More On: 529 Plans

February 6, 2018

Put a Student on the Path to Retirement Without Hurting Financial Aid

Contributing to a young worker's Roth IRA can help a student start saving for retirement, although the timing of this gift could affect financial aid for college.

See More On: Roth IRAs

January 30, 2018

How to Use College Savings to Benefit Children with Special Needs

Under the new tax law, families with a 529 college-savings plan can now roll that money into a tax-friendly ABLE account to help a child with a disability.

See More On: Family Finances

January 29, 2018

Answers to Questions About Health Savings Accounts and Medicare

We tell you how much you can contribute to an HSA in the year you sign up for Medicare, plus other ways to coordinate HSAs and Medicare.

See More On: Health Care & Insurance | Family Finances | Making Your Money Last

January 23, 2018

Your Neighbor's Burst Pipe Damages Your Townhouse. Now What?

It can take a while to sort out who's at fault, but if you file a claim with your insurer, it will ensure you get the money to make repairs.

See More On: Home Insurance

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

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