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Financial Literacy

Caroline Feeney, President of Agency Distribution join us with tips on how to get your house in financial order.
Whether you’re 26 or 56, planning your financial future can be overwhelming. Often the amount of information and complexity of options that exist leave many Americans not knowing where to start. A big step in the right direction is choosing a financial professional that can provide guidance on how to set financial goals and put plans in place to achieve them.

Most Americans’ don’t work with a financial professional even though those who do are more likely to feel confident about achieving financial goals, engage in good financial planning practices, and make better investment choices. According to a recent Prudential study, 65 percent of Americans don’t work with one.

Caroline’s tips include:
Focus on the "Big Picture" – A good advisor will give you the framework to weigh each financial decision in relation to its short and long-term effects on your overall goals.

Set “Measurable Goals” – Specificity can help shape a successful, well-focused plan

Share the full story – Getting an accurate plan in place is incumbent on knowing all the details, such as debt, income, expenses and investments to name a few.

Ask for a referral – Friends, family members or other professionals like accountants may be able to refer you to a good financial professional.

Put a team in place – Continuous financial, tax and legal developments demand the expertise of more than just a financial professional. You should also consult with legal and tax advisors.

Monitor and adjust – Working with a financial professional doesn't mean yielding control of your finances. Make sure that you monitor the performance of your portfolio.
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