Ask Kim

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

December 9, 2016

Last-Minute Ways to Spend Down Your Flexible Spending Account

Many firms that used to give employees until March to spend FSA funds now allow only $500 to be carried over to the New Year.

See More On: Health Care & Insurance

From Kiplinger's Personal Finance, January 2017

Think Twice Before Declining Medicare Part D Coverage

If you decide you want it later, you'll have to pay a monthly late penalty for life.

See More On: Medicare | Health Care & Insurance

From Kiplinger's Personal Finance, January 2017

What You Should Know About Brokerage Account Fraud Protection

If you share your user name or password with a person or service, you may have a tougher time getting the brokerage firm to pay a claim.

See More On: Scams | Financial Planning

December 5, 2016

Even Retirees Working Part-Time Can Contribute to a Roth IRA

You can stash as much as you earned for the year in a Roth, up to $5,500 plus an extra $1,000 if you’re 50 or older.

See More On: Roth IRAs | Saving for Retirement

From Kiplinger's Personal Finance, January 2017

What Parents Should Know About Taxes on Custodial Accounts

If your child turns 21 and is still a full-time student, the account can still get hit with taxes.

See More On: Tax Planning | Family Finances

From Kiplinger's Personal Finance, January 2017

Should You Cancel Your Credit Card?

Beware: Your credit score could take a hit.

See More On: Credit Cards | Credit Reports & Scores

December 1, 2016

Social Security Taxes Will Nick More of Your Earnings in 2017

The maximum amount of earnings on which you pay Social Security taxes is rising to $127,200, up from $118,500 in 2016.

See More On: Social Security | Financial Planning | Tax Planning

November 23, 2016

FAQs About Required Minimum Distributions for Retirement Accounts

If you're older than 70½, the deadline for taking RMDs is New Year's Eve. Start the process now to beat the end-of-year rush—and to dodge the penalty for missing the deadline.

See More On: Required Minimum Distributions (RMDs) | Financial Planning | IRAs

November 18, 2016

How to Get a Job for the Holiday Season

Many employers started hiring in October and early November, but it's not too late to apply for a seasonal job now.

See More On: Careers

November 17, 2016

Retirees to Pay More for Medicare in 2017

Most Medicare recipients who have their premiums deducted from their Social Security benefits will see a modest boost in premiums of $4 or $5 per month.

See More On: Medicare | Health Care & Insurance

November 10, 2016

What You Should Know About Medigap Pricing

These plans fill in the gaps in Medicare and come in 10 standardized versions, but the premiums and pricing methods vary.

See More On: Medicare

November 11, 2016

Big Changes Coming to the Military Retirement System

Service members may be able to participate in the new blended retirement system, which changes pension guarantees but also provides matching contributions to the Thrift Savings Plan.

See More On: Saving for Retirement

November 7, 2016

What You Need to Know About Making IRA and 401(k) Contributions in 2017

Contribution limits won't change, but income limits will increase slightly.

See More On: Saving for Retirement

November 1, 2016

8 Things to Know About Obamacare Open Enrollment This Year

Open enrollment to choose your Obamacare individual health insurance policy for 2017 runs from November 1, 2016, until January 31, 2017. Even if you already have a policy from the marketplace, it's a good idea to shop around for a better deal.

See More On: Health Care & Insurance

Originally Published October 28, 2016

Why You Shouldn't Keep Your Medicare Card in Your Wallet

The cards still display Social Security numbers, and that won't change for a couple more years. Here's a workaround.

See More On: Medicare

October 25, 2016

Contributing to Retirement Accounts When You Haven't Fully Retired

Some part-timers can keep socking money in a 401(k) and avoid required minimum distributions. It depends on your plan's rules.

See More On: Saving for Retirement

October 24, 2016

How Much Social Security Benefits Will Go Up in 2017

After no cost-of-living increase in 2016, benefits will rise 0.3% in 2017. For the average recipient, that's about enough to buy an extra latte each month.

See More On: Social Security | Making Your Money Last

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