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.

Taxes on Gambling and Sports Betting: What You Need to Know Find out how taxes are applied to winnings on gambling and sports betting activity, including how to calculate the taxes owed and deducting expenses. Traditional IRA Withdrawal Rules: When Penalties Do and Don't Apply Photo of Lance Cothern Lance Cothern Traditional IRA Withdrawal Rules: When Penalties Do and Don't Apply A traditional IRA is a great choice for anyone who wants to build retirement... Business Credit Card vs. Business Debit Card: Compare the Pros and Cons Photo of Lance Cothern Lance Cothern Business Credit Card vs. Business Debit Card: Compare the Pros and Cons As a business owner, you have set up the company's finances to keep everything in... Should You Contribute to an IRA When You’re Already Retired? Find out whether you should still contribute to an IRA when you‘re already retired but have “earned income.” Compare the pros and cons of this money move. How to Buy Netflix Stock: Invest in Your Favorite Streaming Service Learn how to buy shares of Netflix stock and become an investor in the popular streaming service, including how to execute the trade from a brokerage account. Can Someone Get Life Insurance If They Are Dying or Terminally Ill? Photo of Lance Cothern Lance Cothern Can Someone Get Life Insurance If They Are Dying or Terminally Ill? Hopefully, you’ve prepared for the worst. Long-term financial planning often... How to Invest in the Russell 2000 Index (U.S. Small Cap Stocks) Photo of Lance Cothern Lance Cothern How to Invest in the Russell 2000 Index (U.S. Small Cap Stocks) Investing is a very personal endeavor. You have to closely examine several aspects... Keogh Plan: The Best Retirement Option for the Self-Employed? Learn about Keogh plans to build retirement savings for the self-employed and business owners and compare them to other tax-deferred alternatives. Burial and Funeral Insurance: Do You Need It? Find out if you need burial and funeral insurance as an additional life insurance policy to help cover costs after your death. Child Life Insurance: When Does It Make Sense? Photo of Lance Cothern Lance Cothern Child Life Insurance: When Does It Make Sense? You may be wondering, should I buy child life insurance? Insurance salespeople...