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.

Wealth Manager vs. Financial Advisor: What's the Difference? Photo of Lance Cothern Lance Cothern Wealth Manager vs. Financial Advisor: What's the Difference? People often hope to have bright financial futures. Wealthy people don’t... How to Cancel a Life Insurance Policy Learn how you can cancel a life insurance policy (whether it's term life insurance, whole life insurance, or other type), including factors to consider. 7 Factors to Consider Before Retiring in a Different State Find out which factors you have to consider before retiring in a different U.S. state, especially when it comes to taxes, cost of living, and healthcare. 5 Ways to Invest in Gold for Portfolio Diversification Photo of Lance Cothern Lance Cothern 5 Ways to Invest in Gold for Portfolio Diversification Gold is a physical asset in limited supply. There is only so much gold that exists... What is the Cash Surrender Value on a Life Insurance Policy? Photo of Lance Cothern Lance Cothern What is the Cash Surrender Value on a Life Insurance Policy? While term life insurance policies are simple, permanent life insurance policies... 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 Find out which life insurance options and coverages are best for seniors and older people, who are unlikely to qualify for traditional life insurance policies. 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 Photo of Lance Cothern Lance Cothern Multiple IRAs: Why You Might Consider Diversifying Tax Benefits As you move along your retirement-saving journey, you may find yourself having... 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.