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Financial Tip of the Week

Due to the SVB bank crisis (regional bank crisis as a whole), quite a few people have inquired about the safety of their money/cash/savings-especially at the “BANK”. 

We have been advocating for months now the use of treasury bonds (very short to 5 yr. terms). Regardless of the actual risk of a run on your bank, isn’t it nice to avoid worry about $250k FDIC limits-as well as great rates, liquidity, no state tax etc. 

It’s likely to be unreasonable to worry about your day-to-day checking/savings but may make sense to avoid worry on larger balances. And last-consider weather treasuries work for your plan not whether you should hurry and consider because of negative press on regional banks. 

Sometimes the very best offense is a terrific defense.

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