In the aftermath of two big banks collapsing, it's no surprise that some investors may feel uneasy about the state of their retirement savings. In this episode, Wes Moss gives details to explain if and how these bank failures impact your retirement journey. He provides insights into how the banking system works, walks through the history and current state of the FDIC, and the common perception that it's safer to use bigger banks versus regional or community banks. Additionally, he delves into the mismatch between interest rates and short-term US Treasury bonds and how you can invest your funds wisely to secure a respectable yield.
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