Community Involvement

I believe that to whom much is given, much is expected. I have been blessed in my life. I have a strong commitment to share those blessings with others. I proudly serve on the Board of Directors for the Core Sound Museum and Heritage Center, and I am the Board Chair for the Cardinal Club. I am a former Board Chair of Interact of Wake County. I serve on the Board of Advisors for the Wake County Chamber of Commerce and I’m a member of the Raleigh Professional Women’s Forum. I also chair Women on the Move. I was honored to win the Northwestern Mutual Community Service Award in 2005. I volunteer at my children’s schools and most importantly….I coach my youngest daughter’s basketball team.


Race for Research

Karin Patrick is proud to have participated in Northwestern Mutual’s “Race for Childhood Cancer Research” on July 21 in Milwaukee, Wisconsin. She walked  to help raise more than $89,000 for Alex’s Lemonade Stand Foundation, a nonprofit that funds childhood cancer research.  Thank you to everyone who supported Karin Patrick in fighting back against this disease.  The contributions she helped raise will fund more than 1,780 hours of research!


Northwestern Mutual Night at the Durham Bulls

 Lots of fun was had at Northwestern Mutual's third annual Night at the Durham Bulls.

Karin Patrick joined the publisher of the Triangle Business Journal and
two of their '40 Under 40' winners on the field to accept the game ball


The Longevity Revolution: Are You Ready for the Future?
Alzheimer’s Advocate Meryl Comer Speaks Out

Northwestern Mutual hosted Meryl Comer, broadcast journalist and Alzheimer’s advocate, as she brought her wake up call to Raleigh recently.

Americans are living longer than ever before.  Longer life spans involve risks as well as benefits and financial security plans must address both.  Not only do we need to cover the costs of 20-30 years in retirement, but also be prepared for what most of would rather not think about.

In addition to sharing her experience caring for her husband who was diagnosed with early-onset Alzheimer’s at the age of 57, other insights of Meryl’s presentation included:

  • According to AARP, two-thirds of people 65 and older will eventually need long-term care, and one in eight of those will be diagnosed with Alzheimer’s.   Comer relates. “You need to ask yourself, ‘Can I remain financially stable if a loved one or I develop a debilitating illness?’ and if the answer is no, look into your options.”
  • Having a solution for possible long-term care needs is especially critical for women, who account for 75 percent of caregivers, are more often charged with caring for elderly parents or spouses, and typically outlive men.
  • Costs are significant and rising –According to the National Clearinghouse for Long-Care Information 2010 you would have paid more than $19,000 on average for a home health aide’s assistance three times a week.
  • Medicare doesn’t pay for long-term care ­– Similar to conventional health insurance, Medicare generally covers short-term, acute medical conditions and limited related rehabilitation, not chronic care at home or in an inpatient facility.  Medicaid may cover long-term care but individuals must have very limited assets and meet strict financial requirements.
  • Care giving can impact careers and incomes – Many people must juggle care giving with their regular work responsibilities.  When the demands are too great they may leave their jobs, like Comer did, losing income and retirement savings opportunities as they incur additional costs for care.


Steve Forbes and John Schlifske on
"Econo-ME: Ensuring Your Financial Security in the New Normal”

Northwestern Mutual hosted a speaker series with Steve Forbes, chairman and editor in chief of Forbes Media and John Schlifske, Northwestern Mutual chairman and CEO. The three day tour saw over 4,000 attendees in total and included panel discussions in Miami and Palm Beach, FL; Washington, DC; Hartford, CT; Raleigh and Charlotte, NC; and Milwaukee, WI. In Raleigh, where there were over 1,000 in attendance, Steve and John discussed their thoughts on the economy, the markets, and how individuals and business owners can ensure financial security in the new normal. Key insights presented at the events were:
  • Managing risk is the cornerstone of financial security for individuals and families in today’s economy. According to Schlifske, a foundation of risk management is the key to protecting yourself and those you care about against the financial challenges that occur when people live too long, die too soon or become sick or injured. 
  • Unforeseen threats will continue to affect our national economy. Natural disasters such as the earthquake in Japan or unrest in the Middle East impact today’s consumers. However, Schlifske and Forbes agree that our nation’s economy will continue to overcome these obstacles in the long-term based on our markets and infrastructure. 
  • The fundamentals of financial security to build wealth include long-term savings. Forbes recommends that consumers stick with the basics such as putting money away week after week and working with a trusted advisor on a holistic plan. 
For more thoughts on these and other business topics, visit the Northwestern Mutual Special Features page of Forbes.com.
 
To view photos from this event, click here.
 

Karin H Patrick, CLTC®

Financial Representative

 

To learn more about Northwestern Mutual Investment Services, LLC and its financial representatives, visit: FINRA BrokerCheck