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.

How to Open a Brokerage Account for a Child to Invest Find out how parents can open a brokerage account for a child to begin investing in stocks, mutual funds, bonds, and other securities. Best Life Insurance Options for Seniors: Get a Policy at Old Age Photo of Lance Cothern Lance Cothern Best Life Insurance Options for Seniors: Get a Policy at Old Age Sometimes seniors feel the need to purchase life insurance. Whether you want to... Should You Pay Off Your Mortgage or Save for Retirement First? Photo of Lance Cothern Lance Cothern Should You Pay Off Your Mortgage or Save for Retirement First? You’ve finally saved up enough money to fill your emergency fund and you’ve paid... Multiple IRAs: Why You Might Consider Diversifying Tax Benefits Find out about the pros and cons of having multiple IRAs - such as a combination of traditional and Roth IRAs -- for diversifying tax benefits. Inheriting a 401(k): How to Manage the Assets Learn how to handle the inheritance of a 401(k) plan as the options may vary from case to case based on the age of the owner, the beneficiary, and taxes. How to Calculate and Minimize Capital Gains Taxes on Your Investment Profits Photo of Lance Cothern Lance Cothern How to Calculate and Minimize Capital Gains Taxes on Your Investment Profits Investing in stocks, bonds, mutual funds or exchange-traded funds (ETFs) can... How Long Can You Stay on Your Parents’ Health Insurance Plan? Photo of Lance Cothern Lance Cothern How Long Can You Stay on Your Parents’ Health Insurance Plan? Health insurance coverage is both confusing and expensive, especially if you’ve... Is Your Social Security and Disability Covered If You File for Bankruptcy? Learn how bankruptcy might affect your Social Security income and disability benefits, including the possibility of income garnishment. How Retirees Should Handle Retirement Funds During a Recession Find out how retirees should manage their retirement funds during recession so that their investment portfolios still provide cash with some growth potential. Should You Use a Solo 401(k) to Save for Retirement? Photo of Lance Cothern Lance Cothern Should You Use a Solo 401(k) to Save for Retirement? If you run your own business or are self-employed, you might be looking for ways...