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Amelia Josephson

Mortgage, Home Buying and Credit Card Expert

Amelia Josephson is a writer passionate about covering financial literacy topics. Her areas of expertise include retirement and home buying. Amelia's work has appeared across the web, including on AOL, CBS News and The Simple Dollar. She holds degrees from Columbia and Oxford. Originally from Alaska, Amelia now calls Brooklyn home.

Posts by Amelia Josephson:

by Amelia Josephson Jun 12, 2019

A clawback is the legally required return of incentive compensation such as a bonus or stock grant. Once applicable only to top company officers, clawback provisions are appearing in more employment contracts, particularly in the financial services industry. If your contract has a clawback clause, a financial advisor can help you understand the often complex rules and what to do in the event that you face one. Read more

by Amelia Josephson Apr 30, 2019

A commercial real estate loan, also known as a business mortgage, is a loan for property used for commercial purposes. The collateral for the mortgage can partially be the building itself, whether that’s an office, retail space, apartment building, warehouse or other development. As you take a closer look at what commercial real estate loans are, how they work and what types you can get, you might also consider finding a financial advisor who can provide you with hands-on guidance throughout the process. Read more

by Amelia Josephson Apr 25, 2019

A 457(b) plan (also referred to as a 457 plan) is a retirement savings vehicle available to some state and local government employees. It works like a 401(k) in that employees can divert a portion of their pay to the retirement account. This provides an immediate tax break by reducing participants’ taxable income. We go over what 457(b) plans are, the contribution limits associated with them, how to roll them over into other retirement accounts and more. Read more

by Amelia Josephson Apr 24, 2019

Low- and middle-income families who want to buy homes may be able to get a bond loan. State and local authorities issue bond loans to subsidize the cost of becoming a homeowner for those who meet… Read more

by Amelia Josephson Apr 23, 2019

Intimidating as it may seem, investing is one of the premier ways to grow money over time. While the stock market attracts the most attention for those looking to build wealth, there are plenty of… Read more

by Amelia Josephson Apr 16, 2019

To get preapproved for a mortgage, you’ll need a few documents detailing your income, assets and debt obligations. This helps banks and other mortgagees determine exactly how much they’re willing to… Read more

by Amelia Josephson Apr 16, 2019

Exchange-traded funds, or ETFs, are popular investment securities that track stock market indexes, a particular commodity, bonds, or a particular category of assets like tech stocks.  A leveraged ETF… Read more

by Amelia Josephson Apr 16, 2019

When you’re ready to take withdrawals from your IRA, you’ll find there are plenty of rules to follow. Failure to stick to these guidelines could have serious ramifications. The most notable among… Read more

by Amelia Josephson Apr 12, 2019

The idea behind a 401(k) is to provide tax-deferred retirement savings that can grow, untouched by you or the government, until you reach old age. As a result, if you can wait until age 59.5 to take… Read more

by Amelia Josephson Apr 11, 2019

A non-deductible IRA is a retirement plan you fund with after-tax dollars. So you can’t deduct contributions from your income taxes as you would with a traditional IRA. However, your non-deductible… Read more

by Amelia Josephson Apr 09, 2019

So you took the plunge and bought a house, with a mortgage to match. You may be wondering if you need life insurance to cover the mortgage in case something happens to you before it’s paid off.… Read more

by Amelia Josephson Apr 08, 2019

If you’re considering buying a new home, a tax abatement may provide an incentive that’s hard to pass up. These beneficial tax programs allow for a long-term break on your property tax bill. Savings… Read more

by Amelia Josephson Apr 05, 2019

Think you want to help people manage their money and meet their ultimate financial goals? If so, you may be wondering how to become a financial planner. The process for becoming a financial planner… Read more

by Amelia Josephson Apr 05, 2019

When saving for retirement, it’s common to have overlapping goals. Most of us want to save enough to generate a comfortable monthly income, avoid outliving our savings and leave something for our… Read more

by Amelia Josephson Apr 05, 2019

For many Americans, Social Security benefits represent one of their only sources of retirement income. Established in 1935 thanks to Franklin Delano Roosevelt, Social Security works as a forced… Read more

by Amelia Josephson Apr 05, 2019

A Roth 401(k) brings many of the benefits of a traditional employer-sponsored 401(k) retirement savings vehicle. But with a traditional 401(k), you save for retirement with pre-tax dollars and write… Read more

by Amelia Josephson Jan 29, 2019

If you own an investment property and collect rent from your tenants, it’s important to declare that rental income on your taxes. You can, however, deduct expenses you incur to maintain your rental… Read more

by Amelia Josephson Jan 18, 2019

In December 2017, President Trump signed the new tax plan into law. This new plan changed the federal income tax brackets for the 2018 tax year, which you will file in early 2019. (If you’re… Read more

by Amelia Josephson Aug 08, 2018

The federal minimum wage has been $7.25 since 2009. In many states, it’s the federal minimum wage that holds sway. However, some states, counties and cities have enacted their own laws establishing a… Read more

by Amelia Josephson Jul 09, 2018

Military veterans with disabilities have access to special government grants. One such grant is the HISA grant, which veterans with disabilities can use to make their homes accessible. Read on to… Read more

by Amelia Josephson Jul 07, 2017

SAH grants are flexible grants from the Department of Veterans Affairs (VA). VA offers SAH grants to veterans and servicemembers with certain service-related disabilities. Qualifying veterans can use… Read more

by Amelia Josephson Jul 03, 2017

SHA grants are grants available to servicemembers and veterans with certain kinds of service-connected disabilities. The Department of Veterans Affairs (VA) offers SHA grants to help veterans adapt… Read more

by Amelia Josephson Aug 20, 2018

The title of certified financial planner® (CFP) carries a lot of weight. It indicates that the bearer has put the time and work into obtaining CFP certification. Anyone can say they can help you with… Read more

by Amelia Josephson Mar 12, 2019

Looking for a financial advisor can be a tricky task. It’s hard to know what kind of financial advice you need, and how much you should pay for that advice. One important distinction to understand is… Read more

by Amelia Josephson Apr 26, 2018

Many of us have dreamed of moving to California and enjoying what the Golden State has to offer. But not all California destinations are equally desirable. SmartAsset crunched the numbers to find the… Read more