‘What is a smart way to diversify?’: I don’t want to lose my life savings. Where do I park my cash?

Dear Quentin,

I am fortunate enough to have a decent amount of “cash” in the bank, and have had it all in one bank for many years. 

With the fall of Silicon Valley Bank, I need to diversify my funds. I understand that $250,000 is insured by the Federal Deposit Insurance Corporation, so I was going to move money in…