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.
A profit-sharing plan is a form of Defined Contribution (DC) plan that relies on employer contributions to employees’ accounts. A business owner who wants to set up a profit-sharing plan for the benefit of herself and her employees may make generous contributions that are tax-deductible and enjoy tax-deferred growth. Does that sound too good to be true? It’s not. Read more
If you want your money to experience significant growth over time through the power of compound interest, you may want to consider investing in the stock market. When it comes to buying stocks, though, it’s important to understand what you’re doing. That’s why SmartAsset is bringing you this guide. Sit back, relax and prepare to get some clarity on what stocks are and what they can do. Read more
You may have heard that a balanced investing portfolio includes both stocks and bonds, with the ratio between the two varying depending on your age and risk tolerance. Most financial advisors will recommend increasing the proportion of bonds in your investment portfolio as you get closer to retirement, the better to counterbalance the risk of a market crash wiping out your net worth. But what exactly is a bond, and how does it work as an investment? Whatever your age, understanding how bonds works and how they should fit into your portfolio is crucial. Read more
A Roth IRA can be a great way to stash away money for your retirement. Like all tax-advantaged retirement plans, however, the IRS has rules and requirements governing how they can be used. These… Read more
A pension plan is a type of retirement plan where employers promise to pay a defined benefit to employees for life after they retire. It’s different from a defined contribution plan, like a 401(k),… Read more
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