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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.
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 From: Ask Kim
In an audit, the IRS may deny your charitable write-offs if you don't have a record of your contributions.
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.
One big reason: Advanced safety features cost more to repair or replace.
See More From: Auto Insurance
In a few states, you may need to thaw frozen credit reports before buying or renewing insurance policies.
Even if your son is on your family's insurance policy, he may be eligible to contribute to a HSA.
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.
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.
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.
Some employers allow workers to carry over up to $500 in a flexible spending account from one year to the next, while others offer a grace period until mid March. Knowing your deadline will prevent you from losing FSA dollars.
Parents and grandparents can launch the next generation of philanthropists by allowing kids to help decide where to donate money from a donor-advised fund.
Depending on the year, condition and, of course, the player, some baseball cards could be worth thousands of dollars.
You and a spouse can contribute a total of $6,900 to an HSA in 2018, plus a catch-up contribution if you’re 55 or older. And thanks to a quirk in the law, an adult child covered under the family’s high-deductible health policy may also be able to contribute $6,900 to his or her own HSA.
High earners using a "backdoor" strategy to open a Roth IRA can trigger taxes if they own other IRAs.
Learn what it's like on the front lines on our ride along with the scam police.
See More From: Scams
Being prime targets for scams, seniors need to be vigilant about protecting themselves.
See More From: Kip Tips
Relatives can contribute to a child's 529 college-savings plan, and in many cases they can get a tax deduction on their gift.