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Kim Lankford answers your questions about managing money -- specifically, insurance and taxes -- twice a week.
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Adding a teen driver to your plan will raise premiums, but there are things you can do to help reduce them.
See More On: Auto Insurance
You don’t have to be college-age to use the money tax-free, but there are stipulations.
See More On: 529 Plans | Paying for College
When your brokerage firm miscalculates your required minimum distributions, you have recourse.
See More On: IRAs | Saving for Retirement
Don't dismiss a minor error. It could be the sign of something more serious.
See More On: Credit Reports & Scores | Family Finances
Investing in travel insurance can help recover some costs when your vacation gets ruined by a natural disaster, medical emergency or other catastrophe.
See More On: Travel | Making Your Money Last
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.
See More On: 401(k)s | Family Finances
Before your child turns 18, you should check with your broker about the account's age of majority and termination.
See More On: Family Finances | Paying for College
Some retirement accounts will accept contributions for 2018 up until the April tax deadline.
See More On: Saving for Retirement | 401(k)s | Financial Planning
Even if your Medicare premiums are automatically deducted from your Social Security check, you can take tax-free withdrawals from a health savings account to reimburse yourself for them.
See More On: Medicare
If you didn't take out the correct required minimum distribution because your brokerage firm made a mistake, the IRS may show some leniency.
See More On: Required Minimum Distributions (RMDs) | IRAs | Tax Planning
Your travel insurance might help with some costs if your trip was delayed because of the recent grounding of Boeing 737 Max planes.
See More On: Travel
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.
See More On: Health Care & Insurance | Tax Breaks | Tax Planning
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.
See More On: 529 Plans
You’ll face a stiff penalty and taxes if you tap your health savings account for non-medical expenses before the age of 65. After that, the rules change.
See More On: Making Your Money Last | Employee Benefits | Financial Planning
All plans with the same letter have the same coverage, but prices can vary by company.
See More On: Health Care & Insurance | Family Finances
Taxpayers need to be careful when reporting charitable gifts from their IRA on their tax returns, or they may end up overpaying Uncle Sam.
See More On: Required Minimum Distributions (RMDs) | Family Finances | IRAs
Why you should still be periodically checking all three credit reports.
See More On: Credit Reports & Scores