Ask Kim

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

August 10, 2018

Two Medigap Plans to Be Phased Out

Insurers will no longer be able to sell Plan F and Plan C medigap policies to people who sign up for coverage in 2020 and later, but current enrollees won't have to switch.

See More On: Medicare | Health Care & Insurance | Healthy Living on a Budget

August 3, 2018

Legal Documents for College Students

You lose some of your parental rights once your offspring turn 18, but they can obtain legal documents that will allow you to intercede on their behalf, particularly when they go away to college.

See More On: Family Finances | Paying for College

August 1, 2018

Insurance on Savings and Investments

Know the differences between the agencies that help keep your money safe.

See More On: Family Finances | Banking

August 1, 2018

Tapping a Roth IRA for a House

You can withdraw contributions from a Roth IRA to help purchase your first home.

See More On: Buying & Selling a Home | Roth IRAs

July 31, 2018

How to Use a 529 Plan When Your Child Wins a Scholarship

Even if your child wins a full scholarship, you can use money from a 529 college-savings plan for things other than tuition without triggering taxes or a penalty.

See More On: 529 Plans

July 27, 2018

How to Turn a Teen’s Summer Wages into Millions

You’re never too young to open a Roth IRA if you earn money from a job. If you invest in a Roth IRA early—and continually over decades—modest sums can grow into seven figures.

See More On: Roth IRAs | Family Finances | IRAs

July 24, 2018

Signing Up for Medicare When You’re Still Covered by an Employer’s Health Plan

You don’t have to sign up for full Medicare coverage at age 65 if you’re still covered under an employer’s plan. But you’ll need to watch enrollment deadlines.

See More On: Health Care & Insurance | Medicare

August 1, 2018

How to Buy Stocks for Kids

Start investing on behalf of your kids by opening an account on Stockpile.

See More On: Family Finances

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

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