Why This Financial 3×5 Card Keeps Spreading

finance 3x5 card

Have you ever been told a story and it just keeps going? Even years later, you hear the same story over and over again. Professor Harold Pollack wrote what we would call today a viral  financial 3×5 card.  Professor Pollack stated in a video chat with personal finance writer Helaine Olen. He explained in the video that the best financial advice could fit on a 3×5 card.  The question is what made this 3×5 card viral?

finance 3x5 card

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You’ve Maxed Out Your Roth IRA – Make These Moves Next

In 2018, you can contribute up to $5,500 to a Roth IRA if you’re under 50, or $6,500 if you’ve reached that milestone. For some, it may take all year to hit that target. But, for others, they’ll max out their contributions before the calendar hits 2019.

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Cashing Out Your 401(k) for an Emergency – Read This First

Should You Empty Your 401(k)?

An emergency can strike when you least expect it. Maybe your car breaks down, or medical bills start piling up. Whatever the reason, it can be frustrating, especially if you are short on funds.

Situations like that may make you wonder if cashing out your 401(k) is the right move. Typically, people have a significant amount of money in a 401(k), so tapping it when disaster strikes may seem reasonable.

But, there are caveats to cashing out your 401(k), and the penalties can be costly. If you are wondering whether cashing out your 401(k) is the right move, here’s what you need to know.

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