Ask Kim

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

July 18, 2018

Saving for Retirement When You Have a Side Hustle

Workers with side gigs can sock away even more for retirement in accounts designed for freelancers and other self-employed individuals.

See More On: Saving for Retirement | 401(k)s | IRAs

July 11, 2018

A Tax-Friendly Way to Get Income for Life

You can use money in a traditional IRA to buy a deferred-income annuity — a move that can delay taxes and guarantee lifetime income.

See More On: Annuities | IRAs | Tax Breaks

July 6, 2018

Minimum Age for Tax-Free IRA Gifts to Charity

You can donate money directly from a traditional IRA to a charity without triggering taxes – but only if you meet a strict age requirement.

See More On: IRAs | Family Finances | Financial Planning

July 3, 2018

Sales Tax Holidays for Hurricane-Prep (and Back-to-School) Supplies

A handful of hurricane-prone states have sales tax holidays for storm-preparation and emergency supplies—as well as back-to-school shopping.

See More On: Tax Breaks | Saving Money

July 6, 2018

How New Grads Can Buy Health Insurance

New college graduates can stay on their parent's health insurance plans, but they should check out a few other options before they do so.

See More On: Health Care & Insurance | Careers

July 6, 2018

Adding a Roth IRA in Retirement

Retirees can still contribute to a Roth IRA when they receive any income after retirement.

See More On: Roth IRAs

July 6, 2018

How Tracking Rewards Good Drivers

A tracking device on your car reveals how you drive. Good drivers are rewarded with policy discounts.

See More On: Auto Insurance

June 22, 2018

What to Do With a 529 Plan When a Child Doesn't Go to College

Families can avoid taxes and a penalty on a 529 college-savings plan when a child develops a disability and likely won’t be using the money for college.

See More On: 529 Plans | Family Finances | Health Care & Insurance

June 20, 2018

Your New Flood Insurance Options

Most homeowners with flood insurance still get it from the federal government. But private insurers are starting to offer policies with higher coverage – and sometimes even lower premiums.

See More On: Home Insurance

June 15, 2018

How Couples Can Share Long-Term-Care Benefits

Spouses can choose a long-term-care policy with “shared” coverage, giving them a pool of benefits that they can split.

See More On: Long-Term Care Insurance | Family Finances | Financial Planning

June 12, 2018

Tax Credits for College Costs

Paying for college will be a little easier if you qualify for one of these two tax credits.

See More On: Tax Breaks | Paying for College | Tax Planning

June 8, 2018

Help with Tracking IRA Contributions

Your investment firm will send you a form to verify any contribution you make to an IRA. This can come in handy later if you’re trying to figure taxes on withdrawals.

See More On: IRAs | Family Finances | Financial Planning

June 6, 2018

Don't Sweat Small Changes in Your Credit Scores

Credit scores typically fluctuate a little from month to month, often because of changes in credit card balances. Here’s what to do when fluctuations in your scores are more dramatic.

See More On: Credit Reports & Scores | Credit Cards | Economic Forecasts

June 4, 2018

Health Insurance for College Students

Young adults can stay on the family health policy until age 26. But if they go away to college and are outside the insurer's network of doctors, families need to reconsider their insurance options.

See More On: Health Care & Insurance

May 25, 2018

Creating a Memorial Through a Scholarship

With the help of a college or community foundation, you can establish a scholarship in the name of a loved one that will help students in perpetuity.

See More On: Paying for College | Estate Planning

May 25, 2018

Free Credit Report Freezes

A new federal law will soon allow everyone to freeze -- and thaw -- their credit report free. A freeze can deter identity theft.

See More On: Credit Cards

May 16, 2018

Withholding Taxes From Social Security

Older taxpayers can avoid a big bill at tax time or a penalty for underpaying taxes by having the government withhold taxes from their Social Security benefits.

See More On: Social Security

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