More Articles for Your Family

8 great sites to help your kids learn about money

Wisebread.com and Ashley Eneriz •
Kiplinger

Teaching your children about money is an important, yet often overlooked area of education. Most kids will not want to sit through a lecture about credit card usage and budgeting practices, but they might be more willing to listen to interactive videos and games. These sites make learning about money and money management fun and

Read More...


Paying taxes on a home sold after a spouse’s death

Kimberly Lankford, Contributing Editor, and Kiplinger's Personal Finance •
Kiplinger

[question]My husband died last year, and I’m selling our home. Do I still get to exclude $500,000 of home-sale profits from taxes, or am I limited to the $250,000 exclusion for singles? [answer]Surviving spouses may exclude $500,000 of home-sale profits from taxes if they sell the house within two years of their spouse’s death, as

Read More...


What do I do with unused 529 plan money?

Kimberly Lankford, Contributing Editor, and Kiplinger's Personal Finance •
Kiplinger

I opened 529 college-savings accounts for both of my grandsons. One of them just won a four-year scholarship to college. If I don’t use the money for college expenses, do I have to pay a penalty? Generally, if you withdraw money from a 529 for anything other than eligible college expenses, the earnings portion of

Read More...


How a Roth conversion can save you and your heirs thousands

Wealth Group, Founder, WEALTH MANAGER, Excel Tax, Ria, and Carlos Dias Jr. •
Kiplinger

If you have an individual retirement account (IRA), you probably already know about required minimum distributions (RMDs). For traditional IRAs, including Simplified Employee Pension (SEP) or a Savings Incentive Match Plan for Employees (SIMPLE), you must take your first RMD in the year you turn 70½ or by April 1st of the following year from

Read More...


Dependent-care flexible spending accounts aren’t just for kids’ expenses

Kimberly Lankford, Contributing Editor, and Kiplinger's Personal Finance •
Kiplinger

Can I use money from my employer’s dependent-care flexible spending account to pay for adult day care for my elderly mother, or is the account just for child care? The dependent-care FSA isn’t just for children. You can also use the money tax-free to cover care for other dependents while you work. To qualify, the

Read More...