As you have likely heard, the Silicon Valley Bank collapsed on Friday, March 10th, 2023, after a bank run- marking the largest bank failure in the U.S. in over a decade. With a lot of fear surrounding this topic, we are here to focus on the facts and give you a better understanding of what we know today.

Here’s some of what we discuss in this episode:

• What we know about the Silicon Valley bank failure right now (2:57)
• Unpacking why this SVB crisis happened and what sparked the bank run panic. (11:05)
• The five keys points you want to keep in mind before panicking about this event. (17:48)
• While there is a lot of fear and panic instilled by the media right now, it is rare to go a year without a new bank failure.(20:30)
• Two important questions to help you evaluate what you hear in the media (22:17)

Read Mike Sorrentino’s rundown of the SVB collapse:

https://listentoscott.com/wp-content/uploads/2023/03/Bank-Run-PDF-for-Web.pdf

Want to connect with us? 

https://listentoscott.com/

https://elevatemyretirement.com/our-team/scott-m-dougan/

913-393-4724

After saving and waiting for so many years, no one wants to make a big mistake that ruins retirement! Making certain assumptions about what retirement will be like may lead to disappointment. On today’s show, we dive into the realities of retirement and some easy ways you could ruin it, drawing on Sean’s insightful conversations with clients as they navigate this new chapter in their lives.

Here are the ways you can easily ruin your retirement:

• Treating retirement as a destination instead of a journey. (2:14)
• Believing that retirement will solve everything. (4:20)
• Assuming your monthly spending habits will be the same. (6:01)
• Investing like you’re 35 years old when you’re 65. (8:59)
• Stop being active. (11:55) 

For more, visit us online at https://retirementelevatedpodcast.com/