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Kiplinger's Ask Kim for Money Smart Solutions: Straightforward Advice to Help You Buy Your Home, Pay Your Taxes, Assess Your Insurance Needs, Plan for College, Manage Your Debt, Save for Retireme(English)

Kiplinger's Ask Kim for Money Smart Solutions: Straightforward Advice to Help You Buy Your Home, Pay Your Taxes, Assess Your Insurance Needs, Plan for College, Manage Your Debt, Save for Retireme(English)

          
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About the Book

Got a Question about Your Family's Finances? Just Ask Kim. Every year, thousands of readers ask "Kiplinger's Personal Finance" magazine editor Kimberly Lankford for advice. As an expert on retirement, investing, taxes, insurance, and financial planning, Kim has the answers-and the rare ability to clarify even the most confusing money matters."Kiplinger's Ask Kim for Money Smart Solutions" is a comprehensive guide to personal finance from the trusted voice of Kiplinger.com and Kiplinger's Personal Finance. In her approachable and authoritative tone, Kim covers almost every financial subject, providing practical, jargon-free answers. "Ask Kim" features questions from actual readers and topics that matter to you, including: how do you choose the right mortgage or home-equity loan? What is the best health insurance for your family? Can you qualify for extra income tax deductions? What is the money smart way to save for your children's education? How can you improve your credit score and lower your debt? Where should you invest your retirement funds? If you have a question about money, chances are Kim has the answer.

Table of Contents:
Your Home --How can I calculate how much house I can afford? --Which type of mortgage should I pick? --How can I lower my mortgage rate? --How can I lower the fees at closing? --How can I avoid having to get private mortgage insurance? --When is it worthwhile to refinance? --What are the tax rules for home sale profits? --What other home-related expenses can I write off on my taxes? --If I have extra money, should I use it to pay off my mortgage faster or invest it elsewhere? --How much money can I save by paying my mortgage twice a month rather than once? Should I sign up for one of the special programs that does this or can I just do it on my own? --When is it worthwhile to take out a home-equity loan? --What can I deduct from my taxes if I rent out my house? Insurance --How do I pick the best health insurance policy for my family during my employer's open-enrollment season? --How can I lower my out-of-pocket costs on health insurance? --Who can benefit from a health savings account? What type of health insurance policy do I need to have, and how should I find a financial institution that offers the account? --How can I find an affordable policy if my employer doesn't provide coverage? --What can I do to find a policy if I have health problems? --How can I lower my costs for life, homeowners and auto insurance? --How much coverage should I get? --What can I do to make auto insurance affordable if my 16-year-old son is about to start driving? --How long do I need life insurance? --Should I buy term or cash-value life insurance? --Is the disability insurance my employer provides enough? --Do I need long-term care insurance? At what age should I consider it? Taxes --What can I deduct? A lot of questions about that, such as: --Can I deduct home office expenses? --Can I deduct job-search expenses? --Can I deduct medical expenses? --What is the best way to file single, joint, head of household? What happens if I just got married or divorced in the middle of the year? --Do my children need to file their own tax returns? --What happens if I discover I forgot to deduct some eligible expenses on my taxes last year? --What are the rules for paying taxes on home-sale profits? --What happens to my home-sale taxes if I didn't live in the house for two years? --What steps can I take to lower my taxable income and how can that help me qualify for more deductions? --Can I count my parents as dependents if I'm providing most of their support? --I do some freelance work on the side. Can I deduct my expenses related to that business? --If I do self-employed work, what tax forms must I file? --Which self-employed retirement plan should I contribute to? What are the deadlines and contribution limits? How can this lower my tax bill? College --How much do I need to save for my children's college? Are there good calculators to help me figure out the amount? --Where should I invest the college money in a 529, a custodial account, a Roth IRA, Coverdell education savings account, savings bonds, or a prepaid tuition plan? --Which is the best way for grandparents to help contribute to their grandchildren's college savings? Do some methods give them better tax breaks? --Which 529 plan should I invest in? Can I open an account in more than one plan? --What are the rules for changing a 529 beneficiary? What if my child doesn't go to college? --How should I invest the money in a custodial account or Coverdell education savings account? --What can I use 529 and education savings account money on? --Can I switch money from savings bonds or a custodial account into a 529? --How do these various savings plans affect financial aid? --What can I do to improve the odds that my child will qualify for financial aid? --When my child is in college, which money should I withdraw for the bills first so I can make the most of the tax and financial aid benefits? Debt --How can I improve my credit score? --How can I check my credit record? How can I fix any errors? --How long do negative items stay on my credit record? --Which debt should I pay off first my credit card, student loans, car loan or mortgage? --How can I lower my credit-card rates? --Is it worthwhile to get a rebate card? How do I find the best credit cards? --How can I get out of debt? --How can I find a good credit counselor? How do I avoid scam counselors? --Can I take any tax deductions for debt? --When, and how, should I refinance my student loans, mortgage and car loan? --What are the new rules for declaring bankruptcy? --I'm just about to graduate from college. What's the best way to be able to build my credit record? Retirement --How do I figure out how much money to save for retirement? How can I calculate whether I'm still on track? --Where is the best place to keep the money? Should I max out my 401(k) or my IRA first? --What are the tax and contribution rules for IRAs and 401(k)s? What are the income limits? --Should I rollover my 401(k) into an IRA? Should I shift my IRA money into a Roth IRA? --Where else should I save for retirement after I've maxed out my IRAs and 401(k)s? --What type of funds should I invest my retirement money in? --I'm just getting started where should I invest my retirement money if I only have a few thousand dollars to save right now? In Retirement --How can I calculate how much money I can withdraw from my retirement savings without outliving my money? --I have IRAs, 401(k)s and several other retirement accounts. Which should I withdraw money from first? --What are the rules for IRA required minimum distributions? --How should I invest the money after I've retired? --When should I take Social Security at age 62, 67 or 70? --What are the rules for taking Social Security if I'm still earning an income? --Is it too late to buy long-term care insurance? --How can I pay long-term care bills if I don't have the insurance or enough money? --How can I qualify for Medicaid? Is there anything I can do in advance to make that easier? What will that cover? --What does and doesn't Medicare cover? --How should I fill in the gaps in Medicare? --Should I sign up for the new Medicare Part D prescription drug plan? --Should I take out a reverse mortgage? --Which states have the lowest tax rates for retirees?


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Product Details
  • ISBN-13: 9781419593703
  • Publisher: Kaplan AEC Education
  • Publisher Imprint: Kaplan Business
  • Height: 229 mm
  • No of Pages: 243
  • Series Title: English
  • Sub Title: Straightforward Advice to Help You Buy Your Home, Pay Your Taxes, Assess Your Insurance Needs, Plan for College, Manage Your Debt, Save for Retireme
  • Width: 184 mm
  • ISBN-10: 1419593706
  • Publisher Date: 06 Mar 2007
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Spine Width: 14 mm
  • Weight: 408 gr


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Kiplinger's Ask Kim for Money Smart Solutions: Straightforward Advice to Help You Buy Your Home, Pay Your Taxes, Assess Your Insurance Needs, Plan for College, Manage Your Debt, Save for Retireme(English)
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