Equipping Points:
You may have seen the news about some bank issues with banks like Silicon Valley Bank. Is that cause for concern? If you have money in the bank, Eric explains how much is covered and what you can do to protect yourself. With any investments you make, realize which of the three components you’ll have: safety, liquidity, or growth.
In this episode, Eric also answers two more questions from the mailbag related to retiring early and required minimum distributions. Find out what best practices and rules apply and how they can impact your financial plan.
Here are the questions Eric answers on today’s show:
- Mailbag: With recent bank failures, should I be worried about investing in a bank? 0:46
- Mailbag: Can I retire at 57? What do I need to know? 5:16
- Mailbag: Why do I have to take RMDs? 8:50
If you have any questions about what we discussed on the show or want to follow up with any financial planning questions of your own, get in touch with us and schedule a visit here.
Today’s Takeaway:
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