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:
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
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
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
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
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