ER Doc Advisor - Financial Planning & Taxes for Emergency Physicians

EP 128: Banks are Failing; What About My Money?

When people think of a bank, they usually think of the ultimate level of security with a seemingly endless supply of money to pull from, fraud protection, insurance… the works. So when the public hears about the 2nd largest bank failure in U.S. history, followed by the 3rd largest, it’s understandable to be concerned.

On today’s episode, we’ll get into what happened, what may soon happen, and ultimately the things you can or should do to help protect yourself moving forward from a personal finance and investment perspective.

Topics Discussed:     
  • Understanding how banks function and how they make money.
  • What actually happened with the recent bank failures.
  • Who is affected by these failures.
  • What may happen in the aftermath of the bank incident.
  • Things you can do to protect yourself from a personal finance and investment perspective.

Resources Mentioned:

Tags

ER doctors, emergency medicine, emergency room, SVB, bank failures, protecting your finances, financial protection, investments, cash

by 
Scott Wisniewski, EA