PODCAST

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.

Looking at these topics together will help us to unwrap what’s happening with the banking situation in the U.S. With so much buzz around this situation in the news, many of us are wondering whether another 2008 crisis is around the corner. Will the ripple effects of this event impact you directly? We are here to educate you on the facts, touch on key takeaways from this situation and hopefully alleviate some concern about what we’re seeing unfold.

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)

If you have any questions about what we discussed or anything else in your financial plan, email us at ask@bulmanwealth.com.

SUBSCRIBE & FOLLOW ON YOUR FAVORITE APP

HOW TO CONNECT WITH BULMAN WEALTH GROUP

At Bulman Wealth Group, we believe everyone should live the retirement that they’ve always wanted. To do that, we feel you need to look beyond savings and investment. We believe—that’s what you’ve been taught to look after—but we think there are actually five pillars of retirement planning that need your consideration including investment, income, taxes, health care planning and legacy planning.

Use the buttons below to learn more about our services and the five pillars of retirement planning. You can also book a 30-minute discovery call with the team below, or by calling (916) 458-8199 with your questions.

SHARE THIS EPISODE WITH A FRIEND

LISTEN TO PAST SHOWS

Generation X Retirement Planning: Maximizing 401ks, IRAs, and Securing Your Financial Future

Attention fellow Gen X’ers: are you taking full advantage of your 401(k)s and IRAs? Did you know that contribution limits change once you hit the age of 50? In today’s episode, we’re shining the spotlight on retirement planning specifically for Generation X – those born between 1965 and 1980. We’ll be sharing crucial tips on making sure you’re not leaving any money on the table by fully utilizing contribution limits and understanding how employer-matching contributions work.

Listen Now »

Ep 17: Wealth Preservation vs. Income Generation in Retirement + How Much Cash Should I Have?

As we approach retirement, it’s crucial to shift focus from accumulating wealth to preserving it and creating a sustainable income. Determining the monthly income needed to cover your expenses and controlling your withdrawals is essential, but more complicated than it might sound. In this episode, Scott will break down the crucial difference between wealth preservation and income generation and then dive into the ideal amount of cash to have in your savings account.

Listen Now »

Ep 16: Social Security Benefits for Spouses – What to Know

Today we’ll break it all down for you and explain everything you need to know about Social Security spousal benefits. You might be able to claim a benefit of up to 50% without cutting into your spouse’s amount, and this is still true if you’ve gone through a divorce, but you need to know the specifics of how this all works.

Listen Now »

The following content is for information purposes only. It is not intended to provide any tax or legal advice or provide the basis for any financial decisions. Nor is it intended to be a projection of current or future performance or an indication of future results. Purchases are subject to suitability. This requires a review of an investor’s objective, risk tolerance, and time horizons. Investing always involves risk and possible loss of capital. Opinions expressed are solely those of Bulman Wealth Group and our editorial staff. The information contained in this material has been derived from sources believed to be reliable but is not guaranteed accuracy and completeness, and does not purport to be a complete analysis of the materials discussed.

Any statements or opinions expressed should in no way be construed or interpreted as a solicitation to sell, or offer to sell, advisory services to any residents of any State other than the States where otherwise legally permitted. Advisory services are offered through Chris Bulman Inc. dba Bulman Wealth Group and Brookstone Wealth Advisors (BWA), Registered Investment Advisors. Insurance products and services are offered and sold through Chris Bulman Inc. dba BWG Insurance Agency.