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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 Oct 11, 2017

If you don’t want to face the inconvenience and potential embarrassment of trying to make a payment that exceeds your account balance, overdraft protection might seem like a perfect solution. The catch is that you’ll probably have to pay for overdraft protection, and if you regularly overdraw those fees can really add up.  Read more

by Amelia Josephson Mar 01, 2018

Like mortgages and credit cards, student loans come with interest rates. These can be fixed or variable depending on the loan type. At a time when the average student debt at graduation is estimated at $35,000, it’s important to understand how student loan interest rates work. SmartAsset is here to help.  Read more

by Amelia Josephson Oct 01, 2022

Houston is home to 2.1 million people, according to the U.S. Census Bureau. That makes it the most populous city in Texas and fourth in the nation. This sprawling metropolis is named after Sam Houston, president of the former Republic of Texas. But before you wholeheartedly consider a move to Houston, it would be wise to have a general understanding of the city’s overall cost of living. This can help immensely with your long-term financial planning. You can also enlist the help of a financial advisor who can help create that financial plan with you so that your long-term needs are met. Read more

by Amelia Josephson Jul 24, 2019

The differences between checking and savings accounts are important. A checking account is a transactional account. Customers move money in and out of checking accounts, sometimes multiple times a… Read more

by Amelia Josephson Dec 20, 2016

Yes, opening an offshore bank account is legal, as long as you follow procedures and declare your accounts to the IRS. The bigger question is whether you should bother opening an offshore account. Of… Read more

by Amelia Josephson Oct 01, 2022

Atlanta combines small-town charm with the hustle and bustle of a big city. The city itself is home to just under half a million people, but the Atlanta Metropolitan Statistical Area (MSA) is home to… Read more

by Amelia Josephson Jan 12, 2016

Every year at tax time you’ll pay federal income taxes, state taxes and local taxes. Some states are known for being more tax-friendly than others. Maybe you don’t mind paying higher taxes if it… Read more

by Amelia Josephson Feb 27, 2018

Filling out your tax forms isn’t an ideal way to spend a Sunday afternoon. Whether you fill them out long-hand, use tax preparation software or enlist the help of a tax accountant, you’re going to… Read more

by Amelia Josephson Mar 14, 2017

Judging by the number of Americans who don’t invest, the stock market can be an intimidating topic. Wealthier individuals are much more likely to invest their savings, but even they face special… Read more

by Amelia Josephson Apr 07, 2022

Every April we have to go through filing federal income taxes, on our own or with the help of a tax accountant. Unless you happen to be a tax policy wonk, you probably don’t dwell too much on the… Read more

by Amelia Josephson May 29, 2019

Life in a sunny city by the Pacific Ocean sounds pretty appealing to most people. If you’re considering moving to San Diego, you’re probably wondering whether you can afford to live in what’s… Read more

by Amelia Josephson Sep 12, 2022

Form 1040 is the tax form you will out every year when you do your federal income taxes. Prior to the 2018 tax year, there were multiple versions of the 1040, but for 2019 and beyond, the form has… Read more

by Amelia Josephson Jun 19, 2018

The rising cost of tuition and fees at US colleges has rendered college unaffordable for many families. The average US college student now graduates with over $35,000 in debt. If you want to avoid… Read more

by Amelia Josephson Mar 18, 2021

Update for tax year 2018 and later: President Trump signed a new tax plan into law in December 2017. The new law consolidated the forms 1040, 1040A and 1040EZ into one redesigned Form 1040 that all… Read more

by Amelia Josephson Apr 12, 2022

Chicago: The Windy City. Famous for its architecture and its deep-dish pizza, it has a lot to offer visitors and residents alike. This top-five-largest city in the US is also known as the “Jewel of… Read more

by Amelia Josephson Jan 21, 2022

A stretch IRA is a way to limit required distributions on an inherited IRA, avoiding a sizable tax bill in the process. Instead of naming his or her spouse as the IRA’s beneficiary, an account holder… Read more

by Amelia Josephson Oct 01, 2022

An estate tax is most notably levied at the federal level, and it’s charged to a decedent’s estate when their assets pass on to their beneficiaries. Currently, most estates won’t trigger the federal… Read more

by Amelia Josephson Nov 19, 2021

Filing your taxes on an annual basis is a major part of everyone’s financial life. While the idea of filing might seem intimidating at first, there are many services and methods available to make… Read more

by Amelia Josephson Jan 21, 2022

Saving for retirement is important, and if you don’t have access to a workplace savings account an individual retirement account (IRA) might be your best option. You may be considering, though, how… Read more

by Amelia Josephson Sep 12, 2022

In late 2017, President Trump signed a new tax plan into law. This law consolidated the forms 1040, 1040A and 1040EZ into a single redesigned Form 1040 that all filers can use. For your 2021 taxes,… Read more

by Amelia Josephson Jan 21, 2022

Thinking of converting your traditional IRA to a Roth IRA? There are several reasons this might make sense. While you’ll have to pay income tax on the converted amount, a Roth IRA allows your money… Read more

by Amelia Josephson Jan 11, 2022

Along with the independence of owning your own business comes a greater level of responsibility. One of those responsibilities is paying business taxes. The business taxes you file will depend on… Read more

by Amelia Josephson Jul 05, 2018

The Consumer Financial Protection Bureau (CFPB) has a plan to make closing on a home a simpler and more transparent process. Beginning on October 3rd the CFPB’s new Know Before You Owe mortgage… Read more

by Amelia Josephson Feb 19, 2020

Nestled in the Rocky mountains in the American Southwest, Denver has a lot to offer. For skiers and other outdoor enthusiasts, Denver is a dream destination. And if you enjoy physical training and… Read more

by Amelia Josephson Jul 23, 2019

Whether your dream is taking early retirement or working through your eighties, you should know why your retirement age matters. Choosing when to retire is one of the biggest financial decisions you… Read more