Today's Date: June 6, 2023
ACC Honors Companies for Efforts to Advance Sustainability with its 2023 Sustainability Leadership Awards   •   S CLASS ACTION NOTICE: Glancy Prongay & Murray LLP Files Securities Fraud Lawsuit Against SentinelOne, Inc.   •   PrideStaff Named to ClearlyRated's Best Staffing Firms for Women List   •   With New Recycling Center Fully Operational, EGGER Now Manufactures Products With Post-Consumer Recycled Wood   •   WCM Champions of Change Close the Market   •   ExThera Medical Exhibits at the 2023 International Conference on Extracorporeal Organ Support in Zagreb, Croatia   •   TEXAS CHILDREN'S HOSPITAL'S DR. MARIA ELENA BOTTAZZI AWARDED THE VILCEK-GOLD AWARD FOR HUMANISM IN HEALTHCARE   •   University of Phoenix Collaborates with Ardent Health Services to Provide Education and Tuition Reimbursement for Employees   •   Roth Staffing Named to ClearlyRated's Inaugural Best Staffing Firms for Women List   •   PRIMO Partners Honored with Distinguished 2023 MVP Award from Multi-Unit Franchisee Magazine   •   ReNew Announces Results for the Fourth Quarter (Q4 FY23) and Fiscal 2023, both ended March 31, 2023   •   Antibiotic Overuse a Slippery Slope for STI Prevention, says AHF   •   Legend Biotech Announces Submission of Supplemental Application to the U.S. FDA for Expanded Use of CARVYKTI® (ciltacabtagen   •   PrideStaff Financial Named to ClearlyRated's Best Staffing Firms for Women List   •   Maine Public Utilities Commission Unanimously Approve Central Maine Power Multi-year Rate Plan   •   Lost Money in Tingo Group, Inc.?   •   Common Future Launches New Women-led, Multiracial Co-CEO Model   •   Morgan Stanley Global M&A Chair Robert Kindler to Join Paul, Weiss   •   AVOCADO TO DONATE 1% OF REVENUE TO WOMEN'S EARTH ALLIANCE   •   Puma Biotechnology Reports Inducement Awards Under Nasdaq Listing Rule 5635(c)(4)
Bookmark and Share

Finseca: Three Lessons Ordinary Americans Can Learn From SVB's Failure

Finseca: Three Lessons Ordinary Americans Can Learn From SVB's Failure

PR Newswire

WASHINGTON, March 30, 2023 /PRNewswire/ -- An individual or a family's financial journey requires careful planning and preparation. When four in five Americans describe the state of the economy as not so good or poor, an overwhelming share of Americans aren't confident their children's lives will be better than their own, and we see bank failures like what happened with Silicon Valley Bank (SVB), it's easy for ordinary Americans to let pessimism set in. But at Finseca, or FINancial SECurity for All, our mission is to remind Americans that there are very clear steps you can take to make sure your financial situation is protected regardless of whatever economic volatility we may need to weather at the moment.

For example, there are three clear lessons we can all learn from SVB's failure that we can apply to our own financial situations.

  1. Have a plan. Whether you're a young person just starting out, a seasoned professional with a large family, or something in between, we can learn from SVB's failure to plan. Ordinary Americans can start by assessing their situation, outlining their risks and financial goals, and putting together a path for long-term financial security.
  2. Embrace diversification and find ways to protect yourself. Volatility in the economy is a fact of life. Perhaps the biggest takeaway from SVB's failure is that they didn't properly diversify their risk. This EY study validates that a holistic financial plan (life insurance, investments, and annuities) is second to none when it comes to protecting yourself and your loved ones.
  3. Continually revisit your plan. As we saw with SVB, their financial outlook appeared strong until interest rates changed. The same could be true for ordinary Americans – things may look good today, but are you prepared for what may be coming around the corner? Make it a point to revisit your financial security plan regularly. And consider talking to a professional, preferably a Finseca professional, about which options may be best for you and your family. A professional can walk you through your planning and investment options to ensure your path is one headed for long-term success regardless of what the market throws our way. 

About Finseca 

At Finseca, we know that financial security improves people's lives and protects their livelihoods and future wellbeing. We are rising to the challenge of increasing financial security for all. Finseca represents the men and women of the financial security profession who dedicate themselves to delivering holistic financial security to their clients every day.

Cision View original content to download multimedia:

SOURCE Finseca

Back to top
| Back to home page

White House Live Stream
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Sounds Make the News ®
Atlanta - WAOK-Urban
Berkley / San Francisco - KPFA-Progressive
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
Washington - WOL-Urban

Listen to United Natiosns News