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.

The Biggest Fees That Are Hurting Your Retirement Savings Find out which fees are hurting your retirement savings the most -- and what you can do to avoid or minimize those fees for faster growth of retirement savings. How to Withdraw Money From 401(k)s and IRAs During Retirement Photo of Lance Cothern Lance Cothern How to Withdraw Money From 401(k)s and IRAs During Retirement If you’ve built a nest egg big enough for retirement, congratulations! You may... 529 Plan vs. Coverdell Education Savings Account (ESA): Which Is Better For Future Education Expenses? Photo of Lance Cothern Lance Cothern 529 Plan vs. Coverdell Education Savings Account (ESA): Which Is Better For Future Education Expenses? Saving to help put your kids through college is an enormous task. However,... What to Do If Social Security Benefits Aren’t Enough for Retirement Find out what you should do when Social Security benefits do not provide enough retirement income to maintain the lifestyle that you desire. How to Get Health Insurance in Retirement and Minimize Medical Expenses Find out how to obtain health insurance in retirement when employer-sponsored medical coverage is not an option. Compare Medicare and paid insurance options. Should You Use Retirement Funds to Pay for College Tuition? Photo of Lance Cothern Lance Cothern Should You Use Retirement Funds to Pay for College Tuition? You were excited to share in your kid’s accomplishment -- until you saw the cost... Income Investing Guide: How to Invest for Steady Cash Flow Photo of Lance Cothern Lance Cothern Income Investing Guide: How to Invest for Steady Cash Flow There are many ways you can invest depending on your goals. Some people invest to... Checking Accounts vs. Savings Accounts: What's the Difference? Learn the differences between a checking account and a savings account. Compare their features to determine which account may be better for you right now. Power of Compounding: How It Helps Your Savings and Investments Learn about the power of compounding and how this phenomenon is so beneficial to your financial goals of growing savings and investments. IRS $600 Rule on Reporting Payments from Third-Party Apps Photo of Lance Cothern Lance Cothern IRS $600 Rule on Reporting Payments from Third-Party Apps The IRS requires companies to report certain payments to the IRS and the...