Bonus: Lessons Learned from the Collapse of Silicon Valley Bank

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Business

4.7 • 1.5K Ratings

🗓️ 16 March 2023

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

We all assume that our money is safe in our bank accounts, but what happens when it’s not? Peter Polson, CEO of budgeting spreadsheet company Tiller Money — which had almost all of its funds stored at Silicon Valley Bank — joins us to talk about his experience navigating the recent crisis. Plus, he shares the top lessons individuals should take from the bank’s failure, including ways we can all better protect ourselves from financial instability. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	You're listening to an AirWave Media Podcast.
0:08.0	Your life is going to change.
0:11.0	Jobs, kids, houses.
0:13.0	Are you financially ready to enjoy the ride?
0:16.0	Visit planefe.com slash her money
0:19.0	to schedule a free appointment with a financial advisor today
0:23.0	because you've got a lot to look forward to
0:25.0	but you want to be prepared.
0:27.0	Hey everyone, it's Jean Chatsky.
0:29.0	Welcome to a special edition of her money.
0:34.0	If you have recently Googled the question,
0:37.0	is my money safe?
0:39.0	You are not alone.
0:40.0	Searches for that question have spiked sky high
0:43.0	since the failure of Silicon Valley Bank
0:46.0	and the seizure of signature bank
0:49.0	over the past few days.
0:51.0	Thankfully, and let me just put this question to rest,
0:54.0	the answer is a pretty easy one.
0:56.0	Yes, as long as you have less than $250,000
1:00.0	as an individual or 500,000 jointly
1:04.0	in cash or CDs at a single institution.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Jean Chatzky Her Money, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Jean Chatzky Her Money and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.