Karen S. Patel, CLTC
Financial Consultant
Tailored retirement income planning for pre- and current retirees.
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Karen S. Patel, CLTC
Financial Consultant
Tailored retirement income planning for pre- and current retirees.
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About
Karen is a financial advisor with North Star Resource Group, an independent financial services firm. She has advocated for families and business owners in the financial services industry for over 40 years. Her Midwest roots in a family-owned business are the foundation of her “it’s not how much you make, but how much you keep” strategies. As a baby boomer, she stands beside her clients in the mystery of retirement planning.
Karen focuses on relationship-based, comprehensive retirement income and financial planning, including long-term healthcare strategies. She works with a team of experienced internal and external client-centric resources who play a pivotal role in executing financial strategies.
Retirement planning starts as a young professional and up through the sought-after magical time of retirement. Though she focuses on working with clients who are aged 50 and above, she welcomes anyone who is interested in learning more about their finances and wants to pursue their goals.
Karen believes in maintaining a high degree of integrity by putting her clients’ needs first and providing personalized solutions for their unique situations and obstacles. She guides families, individuals, and business owners to a life free from the stress of financial worries.
Knowing that not everyone has the knowledge, experience, or professional contacts to assist them, Karen strives to assist her lifelong clients and those referred to her by satisfied clients.
Assess your retirement income literacy
Personal
Outside her practice, Karen enjoys numerous community organizations, hobbies, and recreation, such as gardening, golfing, rooting for her favorite NFL teams, crafts, softball, and international travel. As a mother, daughter, sister, spouse, aunt, friend, neighbor, and woman business owner, she understands, empathizes, and supports all ancestors of “Eve.”
She has been married for over 30 years and has three marvelous daughters who keep her family laughing together and active.
Qualifications
Karen has a variety of licenses and certifications, including Certification in Long-Term Care (CLTC) and registrations for her Series 6, 63, 65, and 7, along with her Life and Health license. While she primarily serves clients in the metro Denver area, she has additional licensure across Arizona, California, Colorado, Illinois, Indiana, Massachusetts, Ohio, Texas, Utah, and Wisconsin. She is also a registered SEC fiduciary advisor.
Services
- Retirement income planning: managing risk in retirement investing and generating income during retirement
- Life and long-term care insurance
- Designing and managing investment portfolios with and without annuities
- Medicare, Social Security, and estate planning
- Retirement savings and strategies for different life stages, and tax strategies for retirement savings
- Retirement housing and lifestyle planning
Retirement planning roadmap
- Evaluate current situation (qualitative and quantitative)
- Identify and prioritize retirement goals and lifestyle
- Estimate retirement income needs—basic and discretionary expenses
- Identify sources of income and assets available
- Preliminary calculation report on preparedness
- Develop strategies addressing income shortfall
- Consider legal and tax issues/planning needs
- Consider contingencies for risks
- Determine income approaches—assets to income strategy
- Integration of all consideration solutions and alternatives. trade-offs & agreements
Team
When working with Karen, you gain access to a team of financial strategists whom Karen regularly consults.
Serving as your financial coordinator, Karen works with her team of specialists and yours to synchronize your wealth solutions to find inefficiencies and resolve them.
Carrie Hancock, ChFC®, CLU®, JD
Vice President, Financial Planning Resource Center
Chris Sitek, CLTC®, CASL®, CLU®, ChFC®, RHU®, REBC®
Vice President Life and Long-Term Care
Jeff Landt, CFA, CFP®
Senior Vice President and Chief Investment Officer
Chloe Becker, REBC®
Employee Benefits Account Manager
Events
Karen is very proactive with current and prospective clients, and she hosts educational events, including seminars, workshops, “fireside chats”, and business owner symposia, covering a diverse range of financial topics.
Economic Trends for Business Leaders | Wednesday, October 29 | 8:00 AM – 9:30 AM MT | The Overlook Colliers Hill – Clubhouse
Join us in person to hear about the latest economic and investment trends in sustaining your business, with strategies to transition your hard work into a retirement that supports your lifestyle and legacy. We will also cover various legal areas that impact your day-to-day business.
Retirement Readiness: Your Money, Your Legacy | Wednesday, October 29 | 5:30 PM – 7:00 PM MT | Broomfield Community Center
Join us in person to hear about the latest economic and investment trends in building and transitioning your hard work into a retirement that supports your lifestyle and legacy, including business succession. We will also cover how your legacy is impacted by estate planning challenges.
Registered representative of Cetera Wealth Services, LLC. Securities offered through Cetera Wealth Services, LLC, member FINRA/SIPC. Advisory Services offered through Cetera Investment Advisers LLC, a registered investment adviser. Cetera is under separate ownership from any other named entity.