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 8 Most Common Life Insurance Riders Learn about the most common life insurance riders that you can add to your policy to tweak the coverage to your situation. Life Insurance & Diabetes: How to Shop for the Right Policy Photo of Lance Cothern Lance Cothern Life Insurance & Diabetes: How to Shop for the Right Policy Life insurance helps you secure a financial future for your family should you... How to Buy Life Insurance When You’re Disabled Photo of Lance Cothern Lance Cothern How to Buy Life Insurance When You’re Disabled People buy life insurance to protect their family financially in the unfortunate... Fiduciary Advisors: Required to Act in Your Best Financial Interest Learn why fiduciary advisors are often considered the better choice for people looking for financial advice that isn't biased depending on products sold. SIMPLE 401(k): Retirement Savings for Business Owners and the Self-Employed Learn how a SIMPLE 401(k) plan can allow business owners and the self-employed to save for retirement with tax advantages. IRA Contribution Limits & Income Phase-Out Limits for 2023 and 2024 Photo of Lance Cothern Lance Cothern IRA Contribution Limits & Income Phase-Out Limits for 2023 and 2024 The 2023 IRA contribution limit for (traditional and Roth IRAs) is the same at... 401(k) Contribution Limits for 2023 and 2024: Maximize Workplace Retirement Savings Photo of Lance Cothern Lance Cothern 401(k) Contribution Limits for 2023 and 2024: Maximize Workplace Retirement Savings Many for-profit businesses, especially larger ones, offer retirement accounts as a... SEP IRA: The Best Retirement Account for Self-Employed? Learn how SEP IRAs work and how they can help self-employed individuals save for retirement -- with tax advantages -- without typical income from a job. What is the Retirement Saver's Tax Credit? Do You Qualify? Learn how to save money on your tax return with the retirement saver's tax credit. Get more back on your tax return by using the saver's tax credit. How the Government Shutdown Affects Furloughed Employees Financially Photo of Lance Cothern Lance Cothern How the Government Shutdown Affects Furloughed Employees Financially Each year, Congress must allocate money to the many departments and agencies that...