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Will the Brexit impact you or your retirement?

SPRINGETTSBURY TOWNSHIP, YORK COUNTY, Pa. — Britain’s vote to leave the European Union shocked financial markets around the world. The ripple effect...

SPRINGETTSBURY TOWNSHIP, YORK COUNTY, Pa. -- Britain's vote to leave the European Union shocked financial markets around the world.

The ripple effect has advisers in the U.S. busy taking calls from concerned clients about what to do with their investments.

Many investors are concerned about an uncertain financial future.

One adviser said the vote to leave the European Union caught the financial industry off-guard as most thought the vote would have been to stay.

Another adviser said it's OK to be nervous, but there's no need to panic.

What happens in the U.K., doesn't stay in the U.K., as the aftershock of the British vote to leave the European Union ripples throughout financial markets in the United States.

Managing Principal at Integrity Wealth Strategies said "we don't know what kind of impact this will have in Europe, whether it will be contained in Europe, whether it won't have very much impact, whether that that impact won't bleed over to the U.S. It's never happened before, and markets hate uncertainty. And as an adviser we hate uncertainty, because clients hate uncertainty."

It makes the day after the vote to 'Brexit,' a busy one for Mahoney.

"Right away people call and say, 'I see things are really bad, what's happening, what does that mean for me, do I need to do anything.' The answer, usually in most cases is no," Mahoney said.

Although the shakeup on the stock market which sent the Dow plunging 500 points may have many investors anxious to do something.

"Quite frankly, the money that people have invested in the Dow, and things that are going AWOL today, are things you shouldn't need for years and years down the road," Mahoney said.

Unless an investor's economic future is now.

"If you're an active retiree, you certainly need to have a good indication of what you're in. You shouldn't be having too much in the market right now. Meaning more than you're comfortable with, because these types of events will always happen," Mahoney said.

While the vote may have sounded the alarms on Wall Street, it may help the Federal Reserve hold steady with low interest rates.

"So I don't think the Fed is going to raise rates, so that keeps purchasing things affordable, houses, cars, loans, so that's a good thing. But none the less, we'd rather see them come up, because that would mean the economy is improving," Mahoney said.

The British expression to 'keep calm and carry on,' may not only have new meaning in the U.K. but for U.S. investors as well.

"We're talking about your money that you're not planning on for ten years, not the money you need in ten months, they go 'oh ok, well, I can breathe a little better now,'" Mahoney said.

Mahoney said it's too soon to tell the long term effects. He adds it's also not the first time that a crisis somewhere in the world shakes up the financial markets, and it won't be the last.

Many financial experts will be watching to see if the Brexit vote sends neighboring countries into a recession.

"A lot of times if you just really take a hard look at what you're in, you're OK. Sometimes people have way too much sitting in a European Growth Fund, and they shouldn't do that," Mahoney said.

Anyone with concerns, should talk with a financial adviser or planner.

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