How Far Into the Future Does Your Financial Plan Take You?
Rich people never want to be poor. “Whether one’s riches are counted in millions or with a few less zeroes, everyone wants to preserve hard-earned assets.” says Michael Kabarec, CFP®, CPA/PFS/EA, president of Kabarec Financial Advisors, Ltd. (KFA) in Palatine, Illinois.
Kabarec’s advice, which emphasizes protection against volatile market downturns, has been tested and proven many times since he opened his office in a spare bedroom in his home back in 1982. Perhaps never more proven than in 2008, when the major financial markets lost more than 30 percent of their value. His clients already had solid plans in place which reduced their exposure and minimized their losses. They weathered the storm and outperformed the S&P.
It’s a Process, Not an Event
According to Kabarec, retirement readiness is much more complex than simply building a nest egg. “Accumulating wealth is only the first step,” he says. “Preserving wealth throughout retirement is equally important in assuring long-term financial stability. At KFA, we take the life long-view when it comes to financial planning, encompassing decades as well as multiple generations ahead.”
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Palatine, Illinois, April 11, 2017 –Kabarec Financial Advisors, Ltd. (KFA), a Palatine-based financial advisory firm, proudly celebrated its anniversary on April 1, 2017. In honor of this milestone, Michael Kabarec, CFP, CPA/PFS/EA, president of Kabarec Financial Advisors, LTD., announced a cocktail party being held at the Gateway Centre in downtown Palatine on Tuesday, April 18th.
Since opening their doors from a spare bedroom in his home back in 1982, Kabarec and his team have helped their clients achieve their financial goals and objectives. KFA offers an array of financial planning and wealth management services primarily to small businesses, individuals and their families.
“We’ve learned that rich people never want to be poor,” says Kabarec. “No matter how much or how little wealth clients have accumulated, they want to preserve their assets which is why we limit the downside risk.” With more than three decades of experience under their belt, KFA has seen and been through many historic events; 1982 KFA founded, 1984 original Macintosh computer launched, 1987 Black Friday, 1991 E-Trade founded, 1996 start of tech/dot com boom, 2001 9/11, 2007 first generation iPhone released, 2008 global recession financial crisis, 2016 Donald Trump elected President. Since the firm’s inception, a large percentage of clients have weathered these storms alongside KFA.
As independent Registered Investment Advisors, the firm offers objective and impartial recommendations on a “fee-only” basis without the influence of product or sales commissions. KFA provides their clients with objective advice uniquely tailored to their financial goals and objectives. Kabarec Financial Advisors, Ltd. prides itself on being large enough to serve, small enough to care. The firm has assembled a powerful, multigenerational team of individuals with decades of experience and intellectual capital who oversees over $190 million assets under management. “Our clients become part of our extended family. Each one of them has a story, they’re not just names in our book. We are there through celebrations as well as hardships; we care to know the details,” explains Kabarec.
“I am thankful for the continued confidence our clients have shown in our firm all these years. Without them, KFA wouldn’t be where it is today,” says Kabarec. “It has been an extreme honor serving our clients, many of whom have been around since early on. I’m gratified knowing the firm has helped preserve and protect their wealth and will continue to do so for generations to come.”
First for Finance
Kabarec Financial Advisors, Ltd. (KFA) is an independent, fee-only financial and investment advisory firm with 35 years of experience in helping clients achieve their financial goals and objectives. The firm provides multi-generational, financial comfort and sense of financial peace-of-mind.
"We share our knowledge and expertise to make the complex, simple," explains Michael Kabarec, CFP®, CPA/PFS/EA, president of the firm. "We are also committed to tax-planning and asset protection as we believe it is not about how much clients have, it's about how much clients keep. As a fee-only advisory firm, we do not earn any commission on products or services, therefore we can make recommendations without any conflict of interest."
With more than three decades of experience, KFA has seen and been through all types of markets - the good, the bad and the ugly.
We've learned that rich people never want to be poor so we are always trying to limit the drawdown. We know how and would rather protect our clients on the downside than be spectacular on the upside."
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