Retirement Planning
We start by learning about your goals and dreams, then compare them to your current situation. We then use proven financial strategies designed to meet your risk tolerance and protect you against market volatility. We know that everybody has a different financial picture, and different goals, so we never take a cookie-cutter approach. We take the time to fully understand your family's needs, budget, and concerns so that we can find the perfect fit for you.
Planning for retirement, whether that's income needed now, five years away or 25 years down the road, is something each of us needs to consider. Making smart choices about how much money you save, and what retirement planning savings vehicles you use, can mean the difference between having the income you need in retirement to live the lifestyle you want, or struggling financially.
Wealth Management
We can help with investment and wealth management through our unique partnerships with firms that specialize in portfolio growth and risk management. Our partners use advanced financial planning resources backed by a team of fiduciaries leveraging algorithmic technology to manage retirement and investment funds for clients of all economic backgrounds. Their service is to prioritize the financial goals of the client above all else. More than that, fiduciaries must make financial choices for clients that are solely in the interest of them and their beneficiaries. As such, every choice they help clients make needs to adhere to a couple of principles of conduct.
As fiduciaries, these advisors prioritize the client’s financial goals and help find ways to maximize their investments.
Life Insurance, Disability and Long Term Care
At Karlo Financial, we want to make sure you have all the information you need to confidently make the best decisions for your family. We partner with over 50 insurance carriers so we can provide you with a completely customized plan, providing the coverage you need. Whether you’re deciding between life insurance options, looking for mortgage protection, or considering final expense coverage, our advisors are here to help you decide which insurance plan best fits your needs, and is well within your budget.
Disability income insurance is a type of insurance product designed to help replace a major portion of your income if you were unable to work because of an illness or injury. For this reason, many people think of it as “paycheck protection.” Along with life insurance, disability insurance can offer the protection you need to ensure your family doesn’t lose their home or other valuable assets if the unthinkable happens.
Long-term care insurance is important because it helps pay for services like home health aides, assisted living, and nursing homes, which are often not covered by Medicare or standard health insurance. It protects your savings and other assets from depletion, relieves financial and emotional stress on your family, and gives you control over your care choices, like receiving care at home.
Infinite Banking Concept
The Infinite Banking Concept (IBC) is a system whereby one becomes their own banker by growing their cash value inside a properly designed whole life insurance policy to create potential Tax Free wealth by borrowing against it to fund major expenditures, retirement, emergencies and outside investment opportunities. This concept was made popular by R. Nelson Nash. However, it is documented that famous entrepreneurs like J.C. Penney, Ray Kroc, The Rockefellers and Walt Disney used Whole Life insurance as a private bank to either start, grow, or save their business decades before Nelson Nash’s work was published. As you would expect, the insurance products, prevailing interest rates, and adaptation strategies to optimize infinite banking have morphed and evolved over time. This concept can also help with debt elimination In combination with a debt snowball strategy which can pay off debts including a mortgage ,often in half the time or less saving thousands of dollars of interest so you can focus on building wealth.
Additional Services
Estate and Legacy Planning, College Savings, Health Insurance options and Medicare Supplements