Ask Kim

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

May 23, 2017

Protect Yourself From Identity Theft When Traveling

Take these seven steps before you leave on a trip to protect your identity and prevent hassles with your debit and credit cards.

See More On: Travel

May 19, 2017

Your Tree, Your Neighbor's Property: Whose Insurance Pays?

This is a good time of year to trim trees that might cause problems, before the start of hurricane season on June 1.

See More On: Home Insurance | Auto Insurance

May 16, 2017

How Kids Can Start Investing

A parent or other adult needs to manage a custodial account, but most brokerage firms offer the same investing choices, commissions and fees for custodial accounts as for regular accounts.

See More On: Family Finances

May 12, 2017

The Advantages of a Tax-Free Transfer From an IRA to Charity

Besides benefiting the charity, you may save a bundle on income taxes, as well as stay below the income cutoff for some other taxes and charges.

See More On: IRAs

May 10, 2017

How to Maximize the Home-Office Tax Deduction

There are two different ways to calculate the write-off. But to qualify, you must use your home office "exclusively and regularly" for your business.

See More On: Tax Breaks

May 5, 2017

When to Sign Up for Medicare

Beware costly penalties for not enrolling in Medicare on time.

See More On: Medicare

May 3, 2017

7 Ways to Reduce Your Income to Qualify for Roth IRA Contributions

If you're just above the income cutoff for contributions, these strategies will help you meet it.

See More On: IRAs

From Kiplinger's Personal Finance, June 2017

Smart Financial Gifts for New Grads

Your new grad can stash up to $5,500 a year in a Roth as long as she earns that much from a job, and the money she uses to fund it can be your gift.

See More On: Roth IRAs | Family Finances | IRAs

April 28, 2017

How to Avoid the Medicare Part D Penalty

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 On: Medicare

April 25, 2017

Taking Required Minimum Distributions From a SEP IRA

When it comes to RMDs, simplified employee pensions have the same rules as traditional IRAs.

See More On: Required Minimum Distributions (RMDs)

April 21, 2017

How a Scholarship Affects Your 529 College-Savings Account

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.

See More On: Paying for College

April 19, 2017

What to Do With Old Savings Bonds

First, check to see whether they are still earning interest. If not, cash them in and invest the money somewhere else.

See More On: Saving Money

April 14, 2017

How to Sidestep Required Minimum Distributions From Roth 401(k)s

You usually have to take RMDs from a Roth 401(k) after age 70½ — unless you convert the account to a Roth IRA.

See More On: Required Minimum Distributions (RMDs)

April 12, 2017

Boost Your Social Security Benefit Every Month You Delay

You don't need to wait an entire year beyond your full retirement age to earn delayed retirement credits.

See More On: Social Security

April 7, 2017

Selling Jointly Owned Stock After the Death of a Spouse

How you will be taxed depends on the state in which you reside.

See More On: Family Finances

April 5, 2017

Does the IRS Owe You Money?

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.

See More On: Tax Prep & Filing

From Kiplinger's Personal Finance, May 2017

How to Claim Social Security Survivor Benefits

You may need to make some changes to assure a higher payout.

See More On: Social Security | Saving for Retirement

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