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Fast and Furious

March 16, 2023

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It seems that there’s been a contagion of mismatches lately. Specifically, Silicon Valley Bank’s (SVB) demise (and very likely many others soon to follow) as well as today’s economic numbers should give us all plenty to think about and dig deeper into. The speed at which SVB fell was shocking. Most of us non-Westerners never heard of this bank, unless of course you follow Jim Cramer, who was touting SVB as a great investment just last month. This past weekend, however, after a week of rapid decline, the FDIC took over SVB and is pledging to make good on all depositors’ assets. So what can we learn about this for our own situation? On today’s show, we’ll uncover what happened to SVB and discuss how we might apply any lessons to our personal situation. Heidi will discuss the five-year rule related to Roth conversions, and Deann will have stats aplenty to add to the conversation, which we think will be fast and furious this week! So tune in and take control!

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1105 E. Eighth St.
Traverse City, MI 49686

231-947-3992
Check the background of the Firm and the Investment Professional(s) on FINRA’s BrokerCheck.
Advisors associated with Prout Financial Design may be either (1) registered representatives with, and securities offered through LPL Financial, Member FINRA/SIPC, and investment advisor representatives of Capital Asset Advisory Services, LLC. dba CG Advisory Services; or (2) solely investment advisor representatives of Capital Asset Advisory Services, LLC. dba CG Advisory Services, and not affiliated with LPL Financial. Investment advice offered through Capital Asset Advisory Services, LLC. dba CG Advisory Services, a registered investment advisor. Capital Asset Advisory Services, LLC. dba CG Advisory Services and Prout Financial Design are separate entities from LPL Financial.

Dennis Prout and Nathan Prout are solely investment advisors and representatives of Capital Asset Advisory Services, LLC., CG Advisory Services, and is not affiliated with LPL Financial.

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