Ask Kim

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

April 4, 2019

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.

See More On: Travel | Making Your Money Last

April 4, 2019

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.

See More On: 401(k)s | Family Finances

April 4, 2019

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.

See More On: Family Finances | Paying for College

March 29, 2019

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.

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

March 26, 2019

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 account to reimburse yourself for them.

See More On: Medicare

March 22, 2019

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.

See More On: Required Minimum Distributions (RMDs) | IRAs | Tax Planning

March 21, 2019

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.

See More On: Travel

March 14, 2019

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.

See More On: Health Care & Insurance | Tax Breaks | Tax Planning

March 13, 2019

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.

See More On: 529 Plans

March 8, 2019

Making the Most of a Health Savings Account Once You Turn Age 65

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

March 7, 2019

What’s the Best Medigap Policy

All plans with the same letter have the same coverage, but prices can vary by company.

See More On: Health Care & Insurance | Family Finances

March 6, 2019

Reporting Charitable IRA Distributions on Tax Returns Can Be Confusing

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

March 7, 2019

Credit Freezes Aren't Foolproof

Why you should still be periodically checking all three credit reports.

See More On: Credit Reports & Scores

March 2, 2019

When You Can Expect to Receive Your Tax Refund

The quickest way to receive your tax refund is to file electronically and have the money directly deposited into your bank account.

See More On: Tax Prep & Filing

February 26, 2019

Make the Most of the New Military Retirement Plan

The government is offering a new retirement option so that service members who leave the military before qualifying for a pension can still receive some benefits.

See More On: Saving for Retirement

February 26, 2019

How a Move Can Change Your 529 Plan Tax Deduction

The tax deduction you get for contributing to your state’s 529 plan can disappear if you move to another state.

See More On: 529 Plans | Paying for College | Tax Breaks

March 7, 2019

Using a 529 Plan for High School

You’re now able to withdraw up to $10,000 tax-free from a 529 plan each year for K-12 tuition.

See More On: 529 Plans | Family Finances

Show More Stories