Today we’re talking about bank runs and some of the banking failures we’ve seen over the course of our country’s history. With the recent Silicon Valley Bank collapse, bank failures have been a popular topic featured in the news recently, and many of us are wondering how this recent event will impact our lives. Will bank collapses have an impact on your portfolio and your financial plans in general? We’ll answer those and more questions on today’s show.

We’ll kick off this episode by providing some context on the Silicon Valley Bank crash, and then we’ll compare this event to other bank collapses throughout America’s history. We’ll jump all the way back to 1819 to gain a better understanding of America’s banking world throughout time. Join us as we look back at history and see what we can learn from the past.

In this episode, we’ll share:

• Current banking events and what happened with Silicon Valley Bank. (2:22)
• What happened more than 200 years ago in the banking world. (7:45)
• What happened with skyrocketing interest rates. (13:07)

If you have any questions about how you can better prepare for your retirement future, don’t hesitate to reach out to Michael Schulte for help.

He’s a Financial Advisor and Certified Business Exit Planner at WestPac Wealth Partners. His daily mission is to help families and business owners make smart financial decisions so they can live on their own terms for the rest of their lives, regardless of what life events and opportunities come their way.

Call Michael at 702-767-4897 with any of your questions or email michael.schulte@westpacwealth.com.