W.I.T. #28 - Did Treasuries Cause Bank Failure?

The collapse of Silicon Valley Bank has many people pointing fingers. Some say that U.S. treasuries are to blame, but is this the whole story?

THREE THINGS WORTH SHARING

Are your March Madness brackets busted? You’re not alone – the NCAA calculated that the odds of picking a perfect bracket by pure luck are 1 in 9.2 quintillion. Though if you know a little something about basketball, those odds improve to 1 in 120.2 billion. (Note that the odds of being struck by lightning sometime in your lifetime are 1 in 15,300 according to the National Weather Service!)

FDIC insurance – With the recent collapse of Silicon Valley Bank, there is a lot of talk in the news about how safe your money is in the bank. You can use this calculator from the FDIC website to figure out how much of your money is protected by FDIC insurance, and if any of it is at risk should your bank default. (Spoiler alert: anyone who has less than $250,000 in the bank is fully covered!)

Friends Talk Financial Planning - We’ve had some great episodes come out recently. If you haven’t seen them already, check out Roth IRAs for Kids & Grandkids and Bond Ladder vs Annuities: Which is Right for You? New episodes are published every Saturday morning and you can check out all of our past episodes here.