Ep 14: Understanding The Silicon Valley Bank Collapse and FDIC Insurance

Following the collapse of Silicon Valley bank, you have probably heard a lot of talk about America’s banking situation in the last few weeks. Today, we are here to unpack what happened with the Silicon Valley Bank collapse and whether we should be concerned about other banks as well.  We will also take a deeper look at banking insurance and discuss what FDIC insurance covers and what it does not cover.   
 
Here’s some of what you will learn in this episode:

• What happened with Silicon Valley Bank? (2:04)
• Is this 2008 all over again? (9:52)
• What banking insurance protects and what its limitations are. (14:08)
• What if some of your funds aren’t covered by financial insurance? (19:47)

WAYS TO CONNECT:

Book a 15-minute discovery call with the team here: https://calendly.com/rachel-bwg

Visit https://bulmanwealth.com/marcos-lemus to learn more about Marcos Lemus and the other members of the team.

If you have any questions about what we discussed or anything else in your financial plan, email us at ask@bulmanwealth.com. You can also reach the team by phone at (916) 458-8199.