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Kiplinger's Personal Finance
As the "Ask Kim" columnist for Kiplinger's Personal Finance, Lankford receives hundreds of personal finance questions from readers every month. She is the author of Rescue Your Financial Life (McGraw-Hill, 2003), The Insurance Maze: How You Can Save Money on Insurance -- and Still Get the Coverage You Need (Kaplan, 2006), Kiplinger's Ask Kim for Money Smart Solutions (Kaplan, 2007) and The Kiplinger/BBB Personal Finance Guide for Military Families. She is frequently featured as a financial expert on television and radio, including NBC's Today Show, CNN, CNBC and National Public Radio.
If you don’t sign up for a Part D prescription-drug plan when you become eligible for Medicare, you could face a penalty -- unless you already have other coverage.
See More From: Ask Kim
When it comes to RMDs, simplified employee pensions have the same rules as traditional IRAs.
Take smart steps to protect your family and your finances.
See More From: Family Finances
You can withdraw up to the amount of a scholarship from your 529 account without paying a penalty on the earnings, even if you don’t use the money for eligible college costs.
First, check to see whether they are still earning interest. If not, cash them in and invest the money somewhere else.
Here's some guidance on what to hang on to and what you can toss.
See More From: Tax Prep & Filing
Getting money back from Uncle Sam? Use it wisely.
See More From: Tax Planning
You'll thank yourself in retirement. Trust us.
See More From: Roth IRAs
You usually have to take RMDs from a Roth 401(k) after age 70½ — unless you convert the account to a Roth IRA.
You don't need to wait an entire year beyond your full retirement age to earn delayed retirement credits.
How you will be taxed depends on the state in which you reside.
If you have a refund check coming your way, consider using it to bolster your personal balance sheet. The average refund is usually around $3,000, and most people receive the money within three weeks of ...
The IRS says it has $1 billion in unclaimed tax refunds for 1 million taxpayers from 2013. But the deadline to claim it is April 18.
When you turn 65, you have to master a new health care system. We’re here to help.
See More From: Health Care & Insurance
You may be able to write off what you pay out of pocket for health care, but only to the extent that those expenses exceed 10% of your adjusted gross income.
The American Opportunity Credit is worth up to $2,500 per student for each of the first four years of college. If you missed taking the credit, you may still be able to claim it by filing an amended return.
Your IRA administrator should have sent you a Form 1099-R, but you’ll also need to specify on your return that your distribution was a tax-free transfer to charity.