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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 Dec 13, 2019

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

by Amelia Josephson Aug 15, 2019

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

by Amelia Josephson Oct 01, 2022

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

by Amelia Josephson Oct 15, 2021

A mutual fund company pools money from individual investors and invests it, charging each investor a fee for the convenience of having someone else manage their investments. Investing in a mutual… Read more

by Amelia Josephson Sep 09, 2019

Every once in a while you hear about some lucky person who got rich by trading penny stocks. And we’re happy for those people – we really are. But for the average investor, penny stocks are risky… Read more

by Amelia Josephson Jan 07, 2020

A municipal bond is a bond issued by a local government to raise money for things like infrastructure improvements or investments in schools. When you buy a bond, you’re lending money to the issuer.… Read more

by Amelia Josephson Jul 25, 2019

Derivatives are a type of financial instrument traded by more advanced investors. A derivative is a contract between two parties that depends on an underlying asset of some kind to determine its… Read more

by Amelia Josephson Mar 14, 2022

A cash balance plan is a twist on the traditional pension plan. Like a traditional pension, a cash balance plan provides workers with the option of a lifetime annuity. However, unlike pensions, cash… Read more

by Amelia Josephson Oct 18, 2018

Index funds are popular with those who want to take a slow-and-steady approach to investing. Brokerage firms that offer index funds are able to charge lower fees for index funds because they put… Read more

by Amelia Josephson Apr 06, 2022

As an outsider, it can be easy to feel overwhelmed by the stock market. News coverage of markets is often dramatized with images of brokers hollering across a trading floor, a litany of unfamiliar… Read more

by Amelia Josephson Aug 02, 2021

You may have read about stock splits in the news. Big, successful corporations sometimes split their stocks multiple times to boost their shares outstanding. Other times they do the opposite: At the… Read more

by Amelia Josephson Jul 17, 2019

What if there were a way to make money from the up-and-down movement in the prices of financial assets without actually owning the asset? Well, there is a way- with futures. If you’re an Average Joe… Read more

by Amelia Josephson Sep 09, 2022

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

by Amelia Josephson Aug 30, 2022

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

by Amelia Josephson Aug 04, 2022

Social Security income is generally taxable at the federal level, though whether or not you have to pay taxes on your Social Security benefits depends on your income level. If you have other sources… Read more

by Amelia Josephson Jan 14, 2022

A SIMPLE IRA is a retirement savings option for the owners and employees of small business. True to its name, the SIMPLE IRA is easy to set up and administer. If you’re a business owner, a SIMPLE IRA… Read more

by Amelia Josephson Jan 12, 2016

Americans are living longer, which means seniors spend more time in retirement. For some, a lengthy retirement is a dream come true. More years of water aerobics and cruises – what’s not to like? But… Read more

by Amelia Josephson Jan 19, 2022

A self-directed IRA is a tax-deferred retirement account for those who want more control than a regular IRA affords. Whereas a normal IRA has a fairly standard set of investment opportunities, a self… Read more

by Amelia Josephson Dec 09, 2019

If you imagined spending your retirement like Smaug the dragon, sitting atop a pile of gold (by which we mean retirement savings), think again. The IRS wants you to start taking money out of your… Read more

by Amelia Josephson Jan 19, 2022

Wondering how your retirement savings stack up to other Americans’ nest eggs? Or whether your income in your post-work years will be enough to keep you afloat? It’s normal to be curious about the… Read more

by Amelia Josephson Jan 13, 2022

A Roth IRA is an individual retirement account funded with after-tax dollars. You can’t deduct contributions to a Roth IRA at tax time, but you can withdraw your money tax-free in retirement. A Roth… Read more

by Amelia Josephson Jan 19, 2022

A 401(k) is a common tax-advantaged retirement savings plan that’s available to employees through their employer. These accounts come in traditional and Roth variations, with each having their own… Read more

by Amelia Josephson Jun 24, 2019

A 403(b) is a tax-advantaged retirement plan available to many of America’s public employees, employees of universities and hospitals, religious leaders and workers at non-governmental organizations.… Read more

by Amelia Josephson Jan 21, 2022

The term “IRA” stands for individual retirement account, and its purpose is to help you save for retirement. IRAs are widely available at many financial institutions, and they don’t require the… Read more

by Amelia Josephson Sep 27, 2019

Investing in real estate has serious appeal. It can not only diversify your portfolio, but it can also create a long-term stream of income if done correctly. Whether you want to be a landlord or… Read more