Our 2 Cents
Episode 137: Unrest in the Banking Industry & A Heart-Healthy Retirement
May 04, 2023
Our2centspodcast
Another bank failure doesn't mean a failure of the banking system. But we are talking about the very real implications that it does have. Plus, we're sharing a listener-suggested article about how heart health should be top-of-mind as you plan for retirement.
- Gabriel's Quote Picks of the Month:
- "It's good to have money and the things that money can buy, but it's also good to check up once in a while and make sure that you haven't lost the things that money can't buy." - George Lorimer
- "When a man retires and time is no longer a matter of urgent importance, his colleagues generally present him with a watch, for some reason." - RC Sherriff
- More Unrest in the Banking Industry:
- At the end of last year, First Republic was the nation's 14th-largest bank. As of May 1, the bank had failed.
- How did the collapse of Silicon Valley Bank lead to a 97% plunge in First Republic's stock?
- With some larger banks attempting to save First Republic by infusing billions of dollars into it, how did it still fail?
- Biggest takeaway of the current uncertainty in the banking sector: diversification of deposits.
- A Heart-Healthy Retirement:
- Although a highly-prevalent cause of death in the U.S., why is heart disease under-discussed in the media?
- What makes retirees within a year of transitioning from work 40% more likely to have a heart attack?
- How having "a well-written retirement plan equals better health and wealth."