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:
Your 401(k) is designed to be used to fund your retirement, but sometimes life gets in the way. In this situation, you may want to take some money out of your account early, an action known as a 401(k) hardship loan or a 401(k) hardship withdrawal. While this can be a useful tool for getting out of a jam, there are consequences you should not take lightly. Make sure you know what you are getting into before you decide to take a 401(k) hardship loan. A financial advisor can help — consider finding one with SmartAsset’s free financial advisor matching service in your area best suited to your needs. Read more
We all know that saving for retirement is a good thing. We often think of retirement savings in terms of a percentage of our paychecks, but what about when someone doesn’t work? The IRS has a solution that allows a non-working member of a married couple to save for retirement in an IRA. It’s called, appropriately enough, a spousal IRA. Here’s how it works. Read more
Taking on debt is a thorny subject. Signing on an affordable mortgage is one thing. Racking up credit card debt on unnecessary purchases? Quite another. Any time you borrow money, you put your finances at risk. That’s why it’s important to do your research before committing to new debt. If you’re not sure whether to borrow money, read our list of dos and don’ts. And if you need hands-on help managing your financial life, consider linking up with a financial advisor. 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