Kimberly Lankford

Kimberly Lankford

Contributing Editor, Kiplinger's Personal Finance
As the "Ask Kim" columnist for Lankford receives hundreds of personal finance questions from readers every month. She is the author of (McGraw-Hill, 2003), (Kaplan, 2006), (Kaplan, 2007) and She is frequently featured as a financial expert on television and radio, including NBC's CNN, CNBC and National Public Radio.
Calculating Taxes on Social Security Benefits
social security

Calculating Taxes on Social Security Benefits

Uncle Sam can tax up to 85% of your Social Security benefits if you have other sources of income, such as earnings from work or withdrawals from tax-d…
August 4, 2020
How Long Should You Keep Tax Records?
taxes

How Long Should You Keep Tax Records?

Save your tax documents at least until the time limit for an audit runs out—and hold on to some records even longer.
July 16, 2020
How to Fund a Memorial Scholarship to Honor a Veteran
college

How to Fund a Memorial Scholarship to Honor a Veteran

With the help of a college or community foundation, you can establish a scholarship in the name of a loved one to help students in perpetuity.
May 24, 2020
How to Endow a Scholarship to Honor a Veteran
college

How to Endow a Scholarship to Honor a Veteran

You may be able to set up a scholarship fund through a college or community foundation, or support educational programs through a charity that special…
May 24, 2020
10 Best Financial Benefits for Military Families
savings

10 Best Financial Benefits for Military Families

Members of the military have a lot of special financial challenges that most people don’t encounter.
May 22, 2020
10 Smart Steps to Minimize Taxes and Penalties on Your RMDs
Shot of a senior couple using a laptop together at home
taxes

10 Smart Steps to Minimize Taxes and Penalties on Your RMDs

After you turn age 70½, you need to start taking required minimum distributions from your IRAs and 401(k)s every year.
December 17, 2019
Avoid the Obstacles of Long-Term-Care Claims
insurance

Avoid the Obstacles of Long-Term-Care Claims

Filing a claim can be an ordeal, but these preventive measures will streamline the process.
October 31, 2019
Health Savings Account Limits for 2019
savings

Health Savings Account Limits for 2019

Make sure your health insurance meets deductible limits and other requirements if you want to save money in a tax-advantaged HSA in 2019.
October 1, 2019
10 Things to Know About Hurricane Insurance Claims
insurance

10 Things to Know About Hurricane Insurance Claims

Three of the costliest natural disasters in U.S.
September 3, 2019
Social Security Benefits to Increase 2.8% with 2019 COLA Adjustment
social security

Social Security Benefits to Increase 2.8% with 2019 COLA Adjustment

While recipients will get a cost-of-living adjustment, workers will have more of their income subject to the Social Security tax.
July 17, 2019
Surviving Surprise Medical Bills
insurance

Surviving Surprise Medical Bills

Unexpected charges are on the rise as insurers shrink their provider networks.
July 3, 2019
New Law Could Change Rules for IRA Withdrawals
IRAs

New Law Could Change Rules for IRA Withdrawals

Under the proposed legislation, you would have more time to take IRA distributions.
June 5, 2019
Credit Report Error? They All Matter
credit & debt

Credit Report Error? They All Matter

Don't dismiss a minor error. It could be the sign of something more serious.
May 9, 2019
Insurance for a Learning Driver
insurance

Insurance for a Learning Driver

Adding a teen driver to your plan will raise premiums, but there are things you can do to help reduce them.
May 9, 2019
Getting Out of an RMD Penalty
retirement

Getting Out of an RMD Penalty

When your brokerage firm miscalculates your required minimum distributions, you have recourse.
May 9, 2019
529 Plans Aren’t Just for Kids
college

529 Plans Aren’t Just for Kids

You don’t have to be college-age to use the money tax-free, but there are stipulations.
May 9, 2019
11 Reasons You Need Umbrella Insurance Right Now
insurance

11 Reasons You Need Umbrella Insurance Right Now

An umbrella insurance policy can protect your assets and future earnings from expensive lawsuits.
April 18, 2019
When to Transfer Ownership of a Custodial Account
savings

When to Transfer Ownership of a Custodial Account

Before your child turns 18, you should check with your broker about the account's age of majority and termination.
April 4, 2019
Borrowers Get More Time to Repay 401(k) Loans
retirement

Borrowers 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.
April 4, 2019
When It Pays to Buy Travel Insurance
insurance

When It Pays to Buy Travel Insurance

Investing in travel insurance can help recover some costs when your vacation gets ruined by a natural disaster, medical emergency or other catastrophe…
April 4, 2019
It’s Not Too Late to Boost Retirement Savings for 2018
retirement

It’s Not Too Late to Boost Retirement Savings for 2018

Some retirement accounts will accept contributions for 2018 up until the April tax deadline.
March 29, 2019
How Your HSA Can Reimburse You for Medicare Premiums Paid
Medicare

How Your HSA Can Reimburse You for Medicare Premiums Paid

Even if your Medicare premiums are automatically deducted from your Social Security check, you can take tax-free withdrawals from a health savings acc…
March 27, 2019
11 Strategies for IRA Withdrawals in Retirement
IRAs

11 Strategies for IRA Withdrawals in Retirement

When you invest in an IRA, 401(k) or other tax-deferred plan, you make a deal with Uncle Sam: You get years of tax-deferred growth, but you have to st…
March 26, 2019
How to Correct a Mistake on Your RMDs from IRAs
retirement

How to Correct a Mistake on Your RMDs from IRAs

If you didn't take out the correct required minimum distribution because your brokerage firm made a mistake, the IRS may show some leniency.
March 22, 2019
What Travel Insurance Covers When Planes Are Grounded
insurance

What Travel Insurance Covers When Planes Are Grounded

Your travel insurance might help with some costs if your trip was delayed because of the recent grounding of Boeing 737 Max planes.
March 21, 2019
Ways to Spend Your Flexible Spending Account Money by March 15 Deadline
spending

Ways to Spend Your Flexible Spending Account Money by March 15 Deadline

Many workers will be hitting the drugstore in the next few days to use up leftover flexible spending account money from 2018 so they don’t lose it.
March 14, 2019
Paying for Continuing Education With a 529 Plan
college

Paying for Continuing Education With a 529 Plan

You don’t have to pursue a college degree to be able to use tax-free money from a 529 college-savings plan to pay for classes.
March 13, 2019