Ask Kim

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

November 20, 2018

Get a Tax Reward for Saving for Retirement

If you sock away money in a retirement plan, you may be eligible for a tax credit from Uncle Sam worth up to $1,000 per person.

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

November 9, 2018

Year-End Financial Checkup for Military Members

Now is a good time to boost savings and double-check your benefits. But the most important decision to make is whether to sign up for the new Blended Retirement System.

See More On: Financial Planning | Family Finances

November 7, 2018

Contribute More to Retirement Accounts in 2019

Retirement savers can stash an extra $500 in IRA and 401(k) plans, and the income limits for contributing to a Roth are higher.

See More On: 401(k)s | IRAs | Roth IRAs

October 31, 2018

Financial Gifts for Kids

Invest in a child’s future with gifts of stock or contributions to a Roth IRA or college savings.

See More On: Family Finances | Stocks & Bonds

October 26, 2018

Seasonal Hirings to Hit a Record High

If you want to earn some extra cash for the holidays, you’ll have a better chance than ever of landing a temporary job as retailers and delivery companies announce a record number of seasonal hires.

See More On: Careers

October 25, 2018

Taxes on a Gift of Stock

If you give appreciated securities to children, the amount they’ll pay in taxes when they sell depends on whether they receive the shares while you’re still alive or as an inheritance.

See More On: Tax Planning

October 22, 2018

The Rules for Making a Tax-Free Donation from an IRA

Making tax-free gifts to charity from an IRA is gaining in popularity among older investors, thanks to changes under the new tax law. Here’s what you need to know to make a qualified charitable distribution.

See More On: IRAs | Tax Breaks | Tax Planning

October 12, 2018

What You'll Pay for Medicare Premiums in 2019

A new surcharge tier will kick in for 2019 for people with the highest incomes.

See More On: Medicare

October 11, 2018

Social Security Benefits to Increase 2.8% with 2019 COLA Adjustment

While recipients will get a cost-of-living adjustment, workers will have more of their income subject to the Social Security tax.

See More On: Social Security | Making Your Money Last | Saving Money

October 4, 2018

October 4, 2018

New Rules on Capital Gains

Rates didn’t change, but they’re pegged to your income instead of your tax bracket.

See More On: Tax Planning | Tax Prep & Filing

October 5, 2018

Deducting Disaster Losses on Your Tax Return

The new tax law changed the rules. Now you can take a casualty loss deduction only if your home is in a federally declared disaster area.

See More On: Tax Planning

October 4, 2018

How Parents Can Access Information on Their College Student

You'll need the proper paperwork to obtain grades, health records.

See More On: Family Finances | Health Care & Insurance

October 4, 2018

Dormant Accounts Pose a Risk for Buy-and-Hold Investors

If you haven't been in contact with your investment firm, your state may be quicker to seize your account as abandoned property.

See More On: Mutual Funds | Investor Psychology

September 28, 2018

The Benefits of Donating Stock to a Donor-Advised Fund

Donating appreciated securities to charity using a donor-advised fund provides tax benefits and flexibility.

See More On: Stocks & Bonds

September 26, 2018

The Advantages of Filing the FAFSA Form Early

You can submit the Free Application for Federal Student Aid for the next year of college starting October 1. And the earlier you file, the better your chances of receiving aid from schools themselves.

See More On: Paying for College

September 21, 2018

You Can Now Freeze -- and Unfreeze -- Your Credit Report for Free

As of September 21, credit bureaus can no longer charge you to freeze your credit reports or to lift a freeze. Here’s what you need to know to get your free freeze.

See More On: Credit Reports & Scores

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