1100 13th Street, NW, Suite 750Washington, DC 20005202.887.6400Toll-free: 800.544.0155
All Contents © 2018The Kiplinger Washington Editors
Kim Lankford answers your questions about managing money -- specifically, insurance and taxes -- twice a week.
FREE - Get the best of kiplinger.com (including Ask Kim) by E-mail
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 On: IRAs
In an audit, the IRS may deny your charitable write-offs if you don't have a record of your contributions.
See More On: Tax Planning
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.
In a few states, you may need to thaw frozen credit reports before buying or renewing insurance policies.
See More On: Auto Insurance | Buying & Leasing a Car
Even if your son is on your family's insurance policy, he may be eligible to contribute to a HSA.
See More On: Health Care & Insurance | Family Finances
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.
See More On: Saving for Retirement
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.
See More On: Medicare | Family Finances | Financial Planning
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.
See More On: Family Finances | Estate Planning | Financial Planning
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.
See More On: Healthy Living on a Budget | Leisure Spending | Making Your Money Last
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.
See More On: Smart Buying
Depending on the year, condition and, of course, the player, some baseball cards could be worth thousands of dollars.
See More On: Family Finances
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.
See More On: Saving Money | Employee Benefits | Family Finances
High earners using a "backdoor" strategy to open a Roth IRA can trigger taxes if they own other IRAs.
See More On: 401(k)s | IRAs | Roth IRAs
Relatives can contribute to a child's 529 college-savings plan, and in many cases they can get a tax deduction on their gift.
See More On: 529 Plans
If you end up unhappy with the Medicare Advantage plan you signed up for, you may be able to switch before next year's open enrollment.
See More On: Medicare | Health Care & Insurance
The standard premium for Medicare Part B won't change next year, but some recipients will still end up paying more.
See More On: Medicare
You may be able to postpone taking your first required distribution from an IRA until the following year, but that can trigger a bigger tax bill.
See More On: Required Minimum Distributions (RMDs) | 401(k)s | IRAs