Articles by Lance Cothern

Lance is a licensed Certified Public Accountant (CPA) in the state of Virginia and he covers money management, budgeting, financial products, and more. He is also the founder of Money Manifesto, a personal finance blog, where he writes about his family's relationship with money. Education: B.B.A. in Accounting from James Madison University.

Level Term vs. Annual Renewable Term Life Insurance: Pros and Cons Compare the pros and cons of level term life insurance and annual renewable life insurance to determine the best policy to Life Insurance and HIV: The Impact on Your Policy & Premiums Photo of Lance Cothern Lance Cothern Life Insurance and HIV: The Impact on Your Policy & Premiums According to HIV.gov, 1.2 million people in the United States are living with... Should You Use a HELOC to Consolidate Debt? Photo of Lance Cothern Lance Cothern Should You Use a HELOC to Consolidate Debt? If you own a home, there’s a chance you have equity that could be used to... Raised 401(k) Distribution and Loan Limits Amid Coronavirus FInd out if you should take advantage of the raised 401(k) distribution and loan limits in search of financial relief to survive the coronavirus pandemic. Mega Backdoor Roth IRA: How It Works Step by Step Learn how a mega backdoor Roth IRA can help boost retirement savings for high-income earners and what the strategy may look like if you opt for it. Variable Annuities: How Do They Work? Photo of Lance Cothern Lance Cothern Variable Annuities: How Do They Work? You might have seen advertisements or received mailers about variable annuities.... Indexed Annuities: Comparing the Pros and Cons Photo of Lance Cothern Lance Cothern Indexed Annuities: Comparing the Pros and Cons If you’re getting close to retirement, chances are a salesperson has tried to sell... Fixed Annuities: How Do They Work? Learn how fixed annuities work for seniors who seek guaranteed retirement income, but also consider the advantages and disadvantages of annuities. What Age is Best for You to Take Social Security Benefits? Learn what you should consider when you're thinking about taking Social Security benefits upon retirement, including factors such as age, lifestyle, and income. Can You Buy a Life Insurance Policy for Someone Else? Photo of Lance Cothern Lance Cothern Can You Buy a Life Insurance Policy for Someone Else? Typically, an individual buys a life insurance policy to insure...