Panic set in this week when Silicon Valley Bank collapsed and the failure of a second bank followed. Is it 2008 all over again? Should we be worried about the financial system collapsing? First and foremost, take a deep breath. Second, let's discuss. In this episode of
The Agent of Wealth Podcast, host
Marc Bautis discusses what happened, what could happen next, and actions you can take to protect yourself and your money.
In this episode, you will learn:
- What we know about the Silicon Valley Bank collapse.
- If you should be worried about more banks (or your bank) collapsing.
- The role the FDIC takes to protect your money.
- What SIPC Insurance is, and how it is different from FDIC.
- Actions you can take to protect yourself and your money.
- And more!
Resources:
Episode Transcript & Blog | FDIC Insurance Account Categories | FDIC Search for Institutions Tool | Schedule an Introductory Call | Bautis Financial: 7 N Mountain Ave Montclair, New Jersey 07042 (862) 205-5000
