It’s no surprise that the media had played a part in the mass hysteria surrounding banks “supposedly failing” over the past few weeks. After the initial shock wore off, we began to see this was far more of a media event than it was an impact to your pocketbook event. The media had a field day with this.
Realistically, when you hear a bank fails, it doesn’t necessarily mean they ran out of money. It means that they don’t have the liquidity right now to hand you your cash.
Listen to what Marc and Marion have to say in this week’s episode of Dollars & Sense to learn more.
A full complement of Dollars & Sense broadcasts found here.
DISCLOSURES:
During Dollars & Sense with Freedman Financial, your host, Marc Freedman, may discuss specific financial planning and investment ideas. These discussions are for general information only and are not intended to provide specific advice or recommendations.
Securities and advisory services are offered through LPL Financial, a Member of FINRA and SIPC.
Always consult a Certified Financial Planner professional, qualified attorney, or tax advisor prior to investing to determine what is appropriate for you.
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6-07-20 Dollars & Sense: Phase 2 Reopening Prep, Country's Humanity is Strong, Stimulus Payments & Scams
5-24-20 Dollars & Sense: Ever Changing COVID Info Sources’ Feed So What is One To Do?
5-17-20 Dollars & Sense: Massachusetts starts to reopen. Are You/We ready?
5-10-20 Dollars & Sense: Happy Mother’s Day. Paychecks: What are we worth? Financial planning reset, review
5-03-20 Dollars & Sense: PPP + Unemployment Stimulus a Disincentive? America's Savings is Growing during COVID-19
4-26-20 Dollars & Sense: Spending Less During Quarantine? Business as Usual-ish!
4-19-20 Dollars & Sense: Virtual Town Hall, Digital Readiness for New Normal, CARES ACT and Market Updates
4-11-20: Success Story - Marc Freedman and CARES Act Overview [Interview]
3-29-20 Dollars & Sense: Marion Joins Marc to Break Down Coronavirus Aid, Relief, and Economic Security (CARES) Act.
03-22-20 Dollars Sense: Marion joins Marc Live via socially distanced studios-we will get to the other side
03-15-20 Dollars & Sense: Marc is LIVE in Studio - Making sense of the market volatility
3-08-20 Dollars & Sense: Marion joins Marc to discuss market swings; impact of COVID-19 and Politics
02-23-20 Dollars & Sense: Sometimes you just need to spend in retirement and why
02-16-20 Dollars & Sense: Scott Maybor from Sr Benefits Boston second half of show
02-09-20_Dollars & Sense: Marion Gilman joins Marc to discuss market movement
02-02-20_Dollars Sense: ASK What can or can't I control in my financial decisions
01-26-20_Dollars Sense_Do you know where everything is and its worth
01-19-20_Dollars Sense_Marion Gilman joins Marc Freedman on air
1-12-20 Dollars & Sense: SECURE ACT-How it will impact you
SECURE ACT: Impact on Small Business Retirement Plan Offering (1/5/20-s2), Dollars & Sense
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