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Speaker 1: This is coming to.

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Speaker 2: Ladies and gentlemen. Welcome Safe Money Strategies on WRKO. I'm

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Speaker 2: William Kelly and it's an honor to carry on a

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Speaker 2: family legacy rooted in real world values.

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Speaker 3: And practical advice.

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Speaker 2: Kelly Financi is found in two thousand and three by

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Speaker 2: my parents, my late father Bill Kelly and my mother

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Speaker 2: Kelly Kelly and Braintree in Burlington, Massachusetts.

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Speaker 3: Just two years later, Dad launch Safe.

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Speaker 2: Money Strategies on WRKO as a new nonsense call in

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Speaker 2: radio show focused on content's planning and protecting wealth. Over

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Speaker 2: the past two decades, Dad became a pillar in New

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Speaker 2: England finance, an engineer turned entrepreneur, author and philanthropists who

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Speaker 2: believe in giving back and walking the talk. Since two

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Speaker 2: thousand and five, Archie had remained a Saturday morning staple,

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Speaker 2: offering in site and empowerment. Here at Kelly Financial, we

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Speaker 2: help steward over seven hundred million dollars across our affiliated business,

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Speaker 2: including more than five hundred million dollars managed by our

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Speaker 2: sec registered investment advisory or fiduciary care, and our family

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Speaker 2: first philosophy guides us on safe money strategies. You'll hear

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Speaker 2: candid conversations with the team, my mother Kelly, myself, advisors

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Speaker 2: Charlie Gable, Mike Ducett, Greg Workman, Greg Murray, my sister

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Speaker 2: Mary Madeline, and Tom Schlager. We live by two rules,

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Speaker 2: never quit and carry on, and we're here to help

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Speaker 2: you do the same when it comes to your money.

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Speaker 2: Stick around, take notes and join the conversation. To learn more,

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Speaker 2: or get our free guides or schedule a consultation, visit

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Speaker 2: Kellyfinancial dot org or call us at eight eight eight

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Speaker 2: eight hundred one eight eight one. This is Safe Money Strategies.

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Speaker 2: Next up Forever Young with Kelly Kelly and myself William

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Speaker 2: Kelly Junior.

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Speaker 4: Safe Money Status Jeez with William Kelly and Kelly Kelly

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Speaker 4: eight hundred eighteen eighty one.

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Speaker 5: Each week on Safe Money Strategies, we take a moment

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Speaker 5: to step back from the headlines and have a real conversation,

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Speaker 5: the kind you might have around the kitchen table.

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Speaker 6: This is the part of the show.

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Speaker 5: We call Forever Young is where I sit down with

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Speaker 5: my son, William Kelly Junior, and we talk about life,

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Speaker 5: what's going on in the world, and our family and

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Speaker 5: what really matters most when you're planning for the future.

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Speaker 5: Sometimes is light, sometimes is thoughtful, but is always real.

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Speaker 5: Good morning, William, How are you mom?

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Speaker 3: I'm fantastic. How are you?

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Speaker 6: I'm doing just dandy.

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Speaker 3: That's great.

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Speaker 2: So I've officially committed to Brant University ladies and gentlemen,

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Speaker 2: and I'm going on a scholarship. I'll be studying entrepreneurialship

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Speaker 2: there and I am so excited. Their business college is fantastic.

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Speaker 2: Fidelity who is just writing a store at the gym today?

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Speaker 2: I actually met a gentleman who works in that building.

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Speaker 2: They have donated one of their buildings to Bryant. So

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Speaker 2: Briant has this whole building dedicated to the College of Business.

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Speaker 6: It's beautiful, it is it is amazing.

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Speaker 2: It truly is wonderful. So I'm so excited to utilize it.

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Speaker 2: It's you know, entrepreneurialship is pretty new. There's an AI minor.

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Speaker 2: I might take that, and I heard there's a little

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Speaker 2: more to come on the down low, you know, potentially

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Speaker 2: a major in AI, but which is super cool. So

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Speaker 2: Brian Universities they're new with the times, they keep up

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Speaker 2: to date with everything, and they just seem like genuine

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Speaker 2: people and that's rare to find.

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Speaker 6: They put on a great open house.

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Speaker 3: They truly DoD It's so professional. The people there are

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Speaker 3: so professional.

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Speaker 2: Yes, it just makes me so I feel like I'm

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Speaker 2: in my zone when I'm out William.

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Speaker 6: It's like I could like feel.

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Speaker 3: It, like I was just so happy, you know what

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Speaker 3: I mean.

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Speaker 2: And I've toured other colleges and they're meant for different people,

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Speaker 2: you know what I mean, Brian is.

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Speaker 5: Yeah, I mean, you applied to some really good colleges,

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Speaker 5: but this was the one you wanted.

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Speaker 3: That's true. And I genuinely think we were.

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Speaker 5: Waiting on this open house. I just wanted I wanted

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Speaker 5: to see it in action.

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Speaker 2: I'm going to say this, I would pick Brian over Harvard.

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Speaker 2: I genuinely mean that, just because they have what I need.

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Speaker 2: It's perfect. So I'm very, very, very lucky to have

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Speaker 2: been accepted, and I'm very grateful for the scholarship. Thank

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Speaker 2: you Brian University for that.

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Speaker 5: And maybe Mom says thank you as well.

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Speaker 3: Oh yeah, we're all happy. Yes, I just I'm so

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Speaker 3: enamored by the business college there.

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Speaker 2: I'm just enamored by just how focused they are on

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Speaker 2: the student and their career and they're just such a

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Speaker 2: business school. And it's just exactly what I want. So

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Speaker 2: I'm very grateful. Thank you, Brian, and thanks Mom.

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Speaker 5: Well it'll be it'll be great watching you move forward

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Speaker 5: succeed there.

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Speaker 2: And yeah, so we figured this out at the open house,

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Speaker 2: like you mentioned, and we had walked in and they

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Speaker 2: really put on a great service. The current president, Ross

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Speaker 2: Caatel I think is his full name. I hope I

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Speaker 2: said his last name correctly. But Ross is a great speaker.

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Speaker 2: Just he just seems like a great guy. We were

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Speaker 2: talking about it the other day.

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Speaker 6: Remember the first time we visited, we were lost.

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Speaker 3: So we drive into Brian, I've never seen this campus

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Speaker 3: in my life.

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Speaker 6: This was like in August.

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Speaker 2: Yeah, and I see this, you know, this middle aged man,

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Speaker 2: curly hair, you know, dressed in a nice suit and tie.

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Speaker 2: And I say, sir, could you direct me to the

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Speaker 2: Entrepreneurial building or whatever it was called? And he points

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Speaker 2: right behind me. He says, right over there, right behind

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Speaker 2: yours And thank you very much. I appreciate it a little.

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Speaker 2: Do we know that was the president of the school.

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Speaker 6: So you figured it out?

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Speaker 3: Yeah, I know. I just saw his face. I'm like,

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Speaker 3: holy grad Mom. We spoke to the president, but he's

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Speaker 3: so friendly, super humble. He's a humble guy. That's what

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Speaker 3: I like about him.

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Speaker 2: It's not a grant focused school, so they're not trying

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Speaker 2: to just like basically launder money, just in a legal way.

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Speaker 2: They just most of their money comes to tuition and

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Speaker 2: they really just focus on the students and they have

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Speaker 2: so much entrepreneurial opportunities.

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Speaker 3: And it's just my type of school. So enough on that.

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Speaker 3: My book is coming out, baby, The book is rolling.

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Speaker 2: We got people printing them. We have hundreds of copies

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Speaker 2: on the way.

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Speaker 3: It's on Amazon.

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Speaker 2: Ladies and gentlemen, only the good invest young find it

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Speaker 2: on Amazon nineteen ninety five. And then there will be

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Speaker 2: a kindle version that will be coming up. And when

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Speaker 2: that comes out, that should be around ten dollars or

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Speaker 2: nine to ninety nine if I'm correct. So if you

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Speaker 2: just want to read on your kindle and your iPad,

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Speaker 2: you'll save a bit of money there.

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Speaker 3: And I am just so happy this is finally out.

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Speaker 3: I can I never I know.

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Speaker 5: And those of you listening, if you want a copy

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Speaker 5: and you are one of our listeners, give us a call.

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Speaker 5: We will be more than happy to send you a copy.

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Speaker 5: Out William will sign the book for you.

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Speaker 3: I will if you'd like me to sign let me know,

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Speaker 3: just ask.

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Speaker 5: Yeah, Kelly Financial we invested in the first run and

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Speaker 5: we are providing for clients, for listeners, friends, family, that's right.

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Speaker 6: It's like a great thing.

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Speaker 2: And and Burlington and Braintree around December sixth I will

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Speaker 2: be doing signings, yeah, will in the books. So if

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Speaker 2: you have any questions, just let me know.

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Speaker 5: Right, we will be is our Toy Drive and we'll

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Speaker 5: be accepting unwrapped children's toys.

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Speaker 2: Is a little more important, yes, yes, but I'm very

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Speaker 2: excited about this. Yeah, so toy Drive, bring some toys.

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Speaker 2: They'll be going out to kids and need who need

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Speaker 2: toys this Christmas. You know, make sure they're good quality,

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Speaker 2: or go out.

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Speaker 3: And buy some.

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Speaker 2: And uh, go ahead and donate and then come get

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Speaker 2: your free book.

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Speaker 3: Talk to me the author, and I want to sign

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Speaker 3: them for you to meet.

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Speaker 5: Ready, Yes, yes, our team will be split up in

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Speaker 5: both offices.

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Speaker 2: Abody, come so I will you.

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Speaker 3: So we'll see how many's left. Mary, Madeline and I

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Speaker 3: are there.

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Speaker 2: They should all be gone. But jokes aside, I think

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Speaker 2: it'll be a lot of fun. Yes, today, completely unrelated

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Speaker 2: to these important things. I go over to, you know,

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Speaker 2: hang out with Marshall. I want to pet Marshall. He's

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Speaker 2: just kind of hanging out on the carpet. And you know,

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Speaker 2: I love my cat to death, so you know.

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Speaker 3: I like to pick him up cuddle with him. I

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Speaker 3: don't know if he likes it that much.

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Speaker 6: You like to drive him crazy too, to drive a little.

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Speaker 2: Crazy sometimes, But I love my cat, you know, i'd

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Speaker 2: probably take a bullet for him on ironically. And I

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Speaker 2: see he's looking down on something on the carpet, and

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Speaker 2: you know, it's it's pouring rain outside, and so I

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Speaker 2: look down and I look under his head and he's

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Speaker 2: staring at this wasp on the carpet.

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Speaker 6: Where was it?

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Speaker 3: It was on the rug in the living room.

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Speaker 2: Oh okay, oh okay. So was wasn't flying. He was

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Speaker 2: just crawling. And so it was like, okay, his wings

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Speaker 2: are probably wet or damaged. And so I go get

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Speaker 2: a cup, and so we have a new pet. His

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Speaker 2: name is George the Wasp.

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Speaker 3: He's just hanging out in this cup right now.

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Speaker 6: How long is he gonna he's got it's a glass.

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Speaker 2: It is a glass down upside down with the plate

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Speaker 2: on the bottom. And I mean, you know you want

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Speaker 2: to call animal cruelty, go ahead.

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Speaker 3: But wasps are not good. They don't do good things.

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Speaker 2: So I think, I don't know, maybe I'll release him,

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Speaker 2: or maybe I'll let them kind of gently pass away

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Speaker 2: in the cup and go on to wasp heaven.

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Speaker 6: You're always a kid.

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Speaker 3: I think he'll go to age.

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Speaker 6: You're always a kid.

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Speaker 3: But I could throw him in the freezer and no.

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Speaker 2: So this is what they do is they tie a

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Speaker 2: rope around them, and they so you freeze them. You

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Speaker 2: tie a rope around them, and then they wake up,

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Speaker 2: and then you have a little wasp on a rope.

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Speaker 3: It's a real thing. No way, I've done it with

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Speaker 3: a fly once.

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Speaker 7: You have not? Yeah, I have.

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Speaker 3: But his wings are weak. So you freeze it. But

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Speaker 3: you don't want to freeze it gullible?

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Speaker 6: Are you pulling? Are you not?

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Speaker 2: Is a real thing, So you don't freeze it with

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Speaker 2: you freeze the bla no, no, no, So you freeze

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Speaker 2: it for like sixty minutes the okay, and then you

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Speaker 2: don't want to freeze it too long because then it

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Speaker 2: will pass away, it'll die. Okay, you don't want to

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Speaker 2: kill it, you want to freeze it.

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Speaker 3: Just to it falls asleep.

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Speaker 2: Once it falls asleep, then you quickly tie it with

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Speaker 2: a little small string and then you hold it onto

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Speaker 2: the string and you have a little pet on a leash.

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Speaker 3: I'm not kidding.

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Speaker 2: This is a real thing. Ladies and gentlemen. If you

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Speaker 2: catch any bees, any wasp an he flies, put him

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Speaker 2: in the freezer for like, just look it up, Google it.

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Speaker 3: Don't take my word for it. I think it's an hour,

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Speaker 3: but it could be longer, could be shorter.

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Speaker 2: Get a small little piece of string, and you got

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Speaker 2: give it to your grandkids.

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Speaker 3: Your grandkids will love it. They'll be like, this is awesome.

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Speaker 3: I got a pet bee. I've been wanting this. And

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Speaker 3: the parents like think, oh, we don't have to get

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Speaker 3: a dog. This is fine.

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Speaker 2: You can take it for walks. Just keep it, keep

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Speaker 2: it at arm's length because it might try to sing you.

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Speaker 2: But yeah, I know, have fun with it.

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Speaker 6: I have no words.

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Speaker 5: Do keep us on your dial. We've got a lot

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Speaker 5: of great content coming your way.

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Speaker 8: Mike.

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Speaker 6: Do set and workmen.

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Speaker 5: We'll explain how smart you're in Planning for required minimum

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Speaker 5: distributions can simplify your accounts, cut tax stress, and bring

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Speaker 5: more confidence for your retirement income, Mary, Madeline Kelly and

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Speaker 5: Greg Murray will share timely strategies for making your cash

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Speaker 5: work smarter, from municipal bonds to tax efficient income solutions

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Speaker 5: as interest rates come down. I will be back with

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Speaker 5: William and we will talk about the Sandwich generation, how

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Speaker 5: to protect your future while you're still helping everyone else.

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Speaker 6: And of course we'll close.

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Speaker 5: The hour with some wit and wisdom from the late

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Speaker 5: Bill Kelly. His words continue to inspire and guide us.

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Speaker 5: That's a wrap for forever, young thank you for listening,

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Speaker 5: and William, thank you for joining me. We'll be back

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Speaker 5: with more great content. I love you, Hanni, love you too, Mama.

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Speaker 4: Kelly Financial Services eight eight hundred, eighteen eighty one.

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Speaker 9: I believe that this nation should commit it zel achieving.

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Speaker 7: The goal of landing a man on the Moon.

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Speaker 9: And returning him safely to the Earth six five four

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Speaker 9: three two one zero, All engine run?

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Speaker 2: What'd what?

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Speaker 7: Gon'll follow up?

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Speaker 10: Remember those Apollo Moon missions one of America's greatest adventures

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Speaker 10: and achievements.

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Speaker 3: Too.

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Speaker 10: The nation set a goal and then realized it. What

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Speaker 10: are your goals? At Kelly Financial Services, We've got the

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Speaker 10: right team and technology to help launch your retirement planning.

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Speaker 10: Let us help you set and reach your goals for

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Speaker 10: your greatest adventure and achievement. Call us at eight eight

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Speaker 10: eight eight hundred eighteen eighty one or visit us at

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Speaker 10: Kellyfinancial dot org. Where do you want to.

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Speaker 11: Land with an aquality behavior.

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Speaker 2: The angle labit.

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Speaker 10: We are Kelly Financial Services. Come retire with us.

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Speaker 1: Okay, my friends, we all talk about planning for retirement,

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Speaker 1: but let's be honest. For most people, it's not the

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Speaker 1: numbers that keep you up at night.

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Speaker 3: It's the fear.

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Speaker 1: Fear of the market, fear of outliving your savings, fear

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Speaker 1: of the unknown. And that's why Kelly Kelly, the CEO

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Speaker 1: of Kelly Financial Services, wrote the book Retire Your Fear,

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Speaker 1: Plan your Future. It is not your typical financial guide

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Speaker 1: full of industry jargon. It's about the reality so many

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Speaker 1: retirees face life changes like widowhood, longevity, even planning for

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Speaker 1: your own future and how to navigate them with clarity

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Speaker 1: and confidence. For more than two decades, Kelly Financial has

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Speaker 1: helped you England families prepare for retirement through education and

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Speaker 1: sound financial planning. Now Kelly has gathered that insight into

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Speaker 1: one easy to read book, So take the next step

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Speaker 1: toward understanding your options. Call Kelly Financial Now eight eight

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Speaker 1: eight eight hundred eighteen eighty one get your free copy

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Speaker 1: of Retire Your Fear, Plan Your Future eight eight eight

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Speaker 1: eight hundred eighteen eighty one or email Kelly at Kellyfinancial

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Speaker 1: dot org.

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Speaker 12: Welcome back to Save Money Strategies, the show where we

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Speaker 12: talk about protecting, growing, and enjoying your retirement savings.

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Speaker 3: Mike, you said here with Greg.

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Speaker 7: Workman, always good to be here, Mike. Today we're diving

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Speaker 7: into a topic that nearly every retire we will face

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Speaker 7: at some point, required minimum distributions or rmds, and how

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Speaker 7: to handle them without the stress.

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Speaker 3: That's right.

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Speaker 12: If you turned seventy three this year or are approaching

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Speaker 12: that age, the IRS expects you to start taking money

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Speaker 12: out of your retirement accounts, whether you need it or not,

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Speaker 12: and the rules can be confusing.

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Speaker 7: They really can. Rmds apply to most text retirement accounts,

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Speaker 7: including traditional iras, SEP iras, simple iras, and four A

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Speaker 7: one k's from previous employers. One key difference. For iras,

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Speaker 7: you can calculate your total RMD and take it from

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Speaker 7: one or several accounts, but for four A one k's.

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Speaker 7: Each account's rm D must be calculated and withdrawn separately.

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Speaker 12: And here's a big point retirees often miss. The RMD

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Speaker 12: isn't optional. Once you reach seventy three, withdrawals are required.

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Speaker 12: Missing an RMD or taking the wrong amount can result

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Speaker 12: in steep penalties. The IRS can assess a penalty equal

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Speaker 12: to fifty percent of the amount you should have withdrawn

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Speaker 12: but didn't exactly.

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Speaker 7: Some clients call us and ask, I'm retired, I don't

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Speaker 7: need this money. Can I skip the r and D? Unfortunately,

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Speaker 7: the IRS doesn't care if you don't need the money.

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Speaker 7: That's why it is critical to understand the rules and

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Speaker 7: to plan ahead.

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Speaker 12: To make this rail. Let's talk about a client named Nancy.

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Speaker 12: She turned seventy three in May and has several old

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Speaker 12: four oh one ks and iras from past jobs. She's retired,

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Speaker 12: living primarily on source security and came to us feeling

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Speaker 12: stressed and unsure about what to do.

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Speaker 7: And it wasn't just about the numbers. Nancy's previous advisor

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Speaker 7: retired and she wasn't comfortable with the new advisor taking

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Speaker 7: over the business. She wanted guidance on how much to

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Speaker 7: take from which accounts and in what order, while also

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Speaker 7: making sure she wasn't over paying taxes or taking unnecessary risk.

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Speaker 12: Many retirees face similar situations. They have multiple accounts at

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Speaker 12: different firms, each with its own reporting schedule, paperwork and forms.

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Speaker 3: It can get confusing quickly.

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Speaker 7: While we are not CPAs and don't calculate rmds ourselves,

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Speaker 7: we help clients like Nancy by contacting each firm to

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Speaker 7: confirm the reported RMD number. Most firms send a form

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Speaker 7: fifty four to ninety eight showing year end balances, which

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Speaker 7: is used to calculate the RMD. We make sure all

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Speaker 7: accounts are accounted for and that nothing slips through the cracks.

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Speaker 12: Once we gather the rm D figures, we help clients

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Speaker 12: interpret them. We look at which accounts are most tax

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Speaker 12: efficient to withdraw from first, whether consolidating accounts could simplify

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Speaker 12: the process, and how it drawers fit into.

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Speaker 3: The bigger picture of retirement income.

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Speaker 12: That's what planning rarely adds value, helping you make informed

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Speaker 12: decisions instead of guessing.

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Speaker 7: And that clarity alone reduces stress. Knowing exactly what's required,

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Speaker 7: where it comes from, and how it fits into your

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Speaker 7: overall plan allows retirees to make strategic choices instead of

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Speaker 7: reactive ones.

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Speaker 12: While reviewing Nancy's accounts, we noticed another issue. Her investments

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Speaker 12: were still positioned like she was in her late fifties.

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Speaker 12: She had a heavy allocation in growth stocks and some

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Speaker 12: higher risk mutual funds. That's fine when you're working, but

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Speaker 12: once urmds to start, market volatility becomes a bigger concern.

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Speaker 7: This is where sequencing risk comes in. That is the

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Speaker 7: risk that a market downturn happens right when you need

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Speaker 7: to take a withdrawal. For instance, if Nancy needed fifty

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Speaker 7: thousand dollars this year and her portfolio dropped twenty percent

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Speaker 7: right before the withdrawal, that could significantly impact her long

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Speaker 7: term retirement income.

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Speaker 12: To manage that, we recommended dialing back the risk in

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Speaker 12: part of her portfolio and repositioning assets into more conservative

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Speaker 12: income generating investments. It's not about eliminating growth entirely, but

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Speaker 12: protecting the portion that funds near term income.

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Speaker 7: We also discussed account consolidation. Nancy had multiple four oh

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Speaker 7: one K accounts and iras scattered across different companies. Consolidating

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Speaker 7: accounts can simplify tracking, reduce fee ease, and allow for

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Speaker 7: a coordinated investment and withdrawal strategy.

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Speaker 12: For example, instead of juggling five statements and tracking five

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Speaker 12: different rmds, consolidating into fewer accounts lets you see the

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Speaker 12: full pitcher. It also makes rebalancing easier and allows a

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Speaker 12: more intentional approach to withdrawals.

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Speaker 7: Beyond the numbers, consolidation can reduce stress. Clients feel more

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Speaker 7: confident when they have fewer moving parts and a clear

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Speaker 7: plan for how money will be withdrawn and invested year

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Speaker 7: in and year out.

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Speaker 12: Nancy's biggest relief was having a clear withdrawal strategy. Before

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Speaker 12: meeting with us, she worried about taking too little and

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Speaker 12: facing penalties, or taking too much and risking running out

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Speaker 12: of money later.

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Speaker 7: Once we laid out the plan, here's what to withdraw

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Speaker 7: this year, here's where it's coming from, and here's how

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Speaker 7: the rest of the portfolio is invested. You could see

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Speaker 7: the weight lift off her shoulders.

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Speaker 12: And that's why rmds aren't just a tax rule. They're

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Speaker 12: part of a larger retirement strategy. They affect taxes, portfolio longevity,

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Speaker 12: investment risk, and even Medicare premiums if income spikes.

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Speaker 7: Understanding our mds, consolidating accounts, adjusting risk, and Having a

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Speaker 7: clear strategy can make a huge difference in your confidence

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Speaker 7: and peace of mind.

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Speaker 12: Greg and I need to take a short break. When

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Speaker 12: we return, will cover six practical steps to make your

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Speaker 12: retirement income more efficient and less stressful, including another client

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Speaker 12: story and actionable strategies.

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Speaker 3: You can implement today.

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Speaker 4: Kelly Financial Services eight hundred, eighteen eighty one.

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Speaker 10: I'm John Boudris, and welcome to a new edition of

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Speaker 10: Kelly Financial's What would Bill Say? The wit and wisdom

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Speaker 10: of the late Bill Kelly, who today tests time time.

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Speaker 8: You don't have as much left today as you had yesterday.

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Speaker 8: It's the rule of science. When's the best time to

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Speaker 8: plant a tree twenty years ago? When's the second best

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00:21:02,480 --> 00:21:06,080
Speaker 8: time to plant a tree? Tomorrow? Today? Whenever you can

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Speaker 8: get to it, that's the next best time.

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Speaker 10: There's no time like the present to begin saving, planning

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Speaker 10: and enjoying retirement. So download our consumer guide simply called

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Speaker 10: a Happy Retirement and find six secrets of how you

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00:21:20,960 --> 00:21:25,920
Speaker 10: can spend your time to cultivate happiness and retirement well lived.

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Speaker 10: Go to Kellyfinancial dot org or call eight eight eight

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Speaker 10: eight hundred eighteen eighty one to spend some time with

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Speaker 10: one of our financial advisors.

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Speaker 3: Time, ladies and gentlemen, it's not too late.

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Speaker 10: We are Kelly Financial. Come retire with us.

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Speaker 5: I'm Kelly Kelly from Kelly Financial. Is your financial advisor

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Speaker 5: a fiduciary? In other words, are they legally required to

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Speaker 5: act in your best interest? My complimentary book, Retire Your Fear,

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Speaker 5: Plan Your Future, explains what a fiduciary is and will

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Speaker 5: help you understand if an advisor is really putting you first.

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Speaker 5: For the book, call eight eight eight eight hundred and

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Speaker 5: eighteen eighty one or email Kelly at Kellyfinancial dot org.

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Speaker 5: We're Kelly Financial. Come retire with us.

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Speaker 4: The Money Wrap with Kelly Financial Advisors Greg Murray and

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Speaker 4: Mary Madeline Kelly.

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Speaker 3: Hello.

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Speaker 11: This is Greg Murray, Senior vice president and Chief Compliance

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Speaker 11: Officer at Kelly Financial Services. Joining me today is Mary

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Speaker 11: Madeline Kelly, one of our wealth advisors.

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Speaker 3: How are you doing today?

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Speaker 8: Hi?

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Speaker 7: Greg?

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Speaker 13: I am doing great. I'm going to a friends giving tonight,

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Speaker 13: which is always a good time. I love the concept

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Speaker 13: of friendsgiving. It's such a nice reminder that family isn't

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Speaker 13: just who you're related to, it's the friends who've become

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Speaker 13: family over the years.

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Speaker 11: Friendsgiving, that's one of my favorite new traditions too. There's

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Speaker 11: always too much food though, and well on lefter and

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Speaker 11: at least one person forgets the roles in the oven.

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Speaker 11: It's a great way to kick off the holiday season.

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Speaker 13: Absolutely, and I think this is the perfect time to

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Speaker 13: start talking about something that's on a lot of people's

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Speaker 13: minds right now, what to do with cash, as interest

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Speaker 13: rates to to come down exactly.

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00:23:01,440 --> 00:23:03,399
Speaker 11: For the past couple of years, people have been thrilled

446
00:23:03,440 --> 00:23:06,399
Speaker 11: to see their savings account CDs in money markets finally

447
00:23:06,440 --> 00:23:08,960
Speaker 11: paying four or five percent. But with the Federal Reserve

448
00:23:09,040 --> 00:23:12,080
Speaker 11: cutting rates, that easy yield in cash probably isn't going

449
00:23:12,119 --> 00:23:12,960
Speaker 11: to last.

450
00:23:12,920 --> 00:23:15,080
Speaker 13: That's right, So now's the time to look at smart

451
00:23:15,119 --> 00:23:18,080
Speaker 13: alternatives for your cash options that can still keep your

452
00:23:18,119 --> 00:23:21,679
Speaker 13: money safe but potentially offer better income and even some

453
00:23:21,760 --> 00:23:22,640
Speaker 13: tax advantages.

454
00:23:22,760 --> 00:23:25,760
Speaker 11: And one of the best examples is municipal bonds. These

455
00:23:25,760 --> 00:23:28,479
Speaker 11: are bonds issued by cities and states to fund public

456
00:23:28,480 --> 00:23:31,959
Speaker 11: projects like schools, hospitals, or roads, and the interest they

457
00:23:32,000 --> 00:23:34,920
Speaker 11: pay is generally tax free at the federal level. In

458
00:23:34,960 --> 00:23:37,040
Speaker 11: some cases, if you live in the same state as

459
00:23:37,040 --> 00:23:39,480
Speaker 11: the bond issuer, it can be state tax free too.

460
00:23:39,720 --> 00:23:42,840
Speaker 13: When you compare that to a traditional savings account or CD.

461
00:23:43,240 --> 00:23:46,439
Speaker 13: The after tax return on municipal bonds can actually be higher,

462
00:23:46,680 --> 00:23:50,480
Speaker 13: especially for people in higher income brackets. For example, a

463
00:23:50,520 --> 00:23:53,919
Speaker 13: four percent tax free muni bond might be equivalent to

464
00:23:53,960 --> 00:23:57,520
Speaker 13: earning five percent or six percent on a taxable investment.

465
00:23:57,640 --> 00:24:00,679
Speaker 11: That's a great point, and unlike the stock market, bonds

466
00:24:00,720 --> 00:24:02,040
Speaker 11: tend to be much steadier.

467
00:24:02,160 --> 00:24:02,879
Speaker 3: You can use.

468
00:24:02,760 --> 00:24:05,800
Speaker 11: Individual bonds or bond funds depending on your goals and

469
00:24:05,800 --> 00:24:07,200
Speaker 11: how long you want to lock in the rate.

470
00:24:07,359 --> 00:24:10,160
Speaker 13: And for people who like flexibility, there are short term

471
00:24:10,280 --> 00:24:13,840
Speaker 13: municipal bond funds or ETFs that still focus on high

472
00:24:13,960 --> 00:24:15,919
Speaker 13: quality issuers, but allow.

473
00:24:15,720 --> 00:24:17,600
Speaker 3: You to move your money more easily.

474
00:24:17,440 --> 00:24:20,440
Speaker 13: So you can earn attractive tax free interest while keeping

475
00:24:20,480 --> 00:24:22,360
Speaker 13: liquidity in case you need the funds.

476
00:24:22,520 --> 00:24:26,040
Speaker 11: Another area that's getting attention is fixed index annuities or

477
00:24:26,160 --> 00:24:30,240
Speaker 11: multi year guaranteed annuities called magas. They can offer principle

478
00:24:30,280 --> 00:24:32,639
Speaker 11: protection and fix rate that's locked in for a certain

479
00:24:32,720 --> 00:24:35,320
Speaker 11: number of years, which is appealing if rates start to fall.

480
00:24:35,520 --> 00:24:38,640
Speaker 13: Yes, and in many cases the interest grows tax deferred.

481
00:24:38,880 --> 00:24:41,520
Speaker 13: That means you don't pay taxes until you actually take

482
00:24:41,520 --> 00:24:44,479
Speaker 13: the money out, which can help lower your current taxable income.

483
00:24:44,760 --> 00:24:47,440
Speaker 13: For retirees who don't need all of their cash right away,

484
00:24:47,600 --> 00:24:48,600
Speaker 13: that's a nice benefit.

485
00:24:48,760 --> 00:24:50,639
Speaker 11: And of course, all of this fits into a bigger

486
00:24:50,640 --> 00:24:54,360
Speaker 11: picture balancing safety, income and taxes. When rates are high,

487
00:24:54,400 --> 00:24:56,359
Speaker 11: it's easy to just park money in the bank and

488
00:24:56,440 --> 00:24:59,120
Speaker 11: feel good. But in the lower rate world, smart investors

489
00:24:59,119 --> 00:25:00,919
Speaker 11: look for ways to be more strategic.

490
00:25:01,160 --> 00:25:03,720
Speaker 13: Exactly, you don't have to take on big risks to

491
00:25:03,760 --> 00:25:07,880
Speaker 13: be efficient. For example, laddering municipal bonds or CDs can

492
00:25:07,920 --> 00:25:10,600
Speaker 13: help you lock in today's rates while keeping some cash

493
00:25:10,640 --> 00:25:12,119
Speaker 13: available if rates move again.

494
00:25:12,320 --> 00:25:15,360
Speaker 11: And that's an important distinction. We're not talking about speculating.

495
00:25:15,440 --> 00:25:19,240
Speaker 11: We're talking about using conservative, income focused strategies that protect

496
00:25:19,280 --> 00:25:21,520
Speaker 11: your principle and make your money work a little harder

497
00:25:21,560 --> 00:25:22,359
Speaker 11: after taxes.

498
00:25:22,520 --> 00:25:26,359
Speaker 13: Right Because when rates ball, the nominal yield on cash

499
00:25:26,560 --> 00:25:30,840
Speaker 13: might look okay, but once you factor in inflation and taxes,

500
00:25:31,160 --> 00:25:34,160
Speaker 13: your real return could actually be negative. That's why these

501
00:25:34,200 --> 00:25:36,440
Speaker 13: tax advantage options become so valuable.

502
00:25:36,600 --> 00:25:39,560
Speaker 11: So let's summarize a few key takeaways for our listeners. One,

503
00:25:39,720 --> 00:25:42,560
Speaker 11: don't let too much cash sit idle. Even safe money

504
00:25:42,600 --> 00:25:45,680
Speaker 11: can lose value over time. Two, look into municipal bond

505
00:25:45,720 --> 00:25:49,520
Speaker 11: strategies for tax free interest income. Three, consider tax deferred

506
00:25:49,520 --> 00:25:53,240
Speaker 11: annuities for safety and predictable returns. Four Build a mix

507
00:25:53,400 --> 00:25:56,560
Speaker 11: with some liquidity, some fixed income, in some long term protection.

508
00:25:56,720 --> 00:26:00,439
Speaker 13: Perfect summary, and this is where planning really matters. At

509
00:26:00,520 --> 00:26:03,840
Speaker 13: Kelly Financial, we help clients evaluate all of these options

510
00:26:03,880 --> 00:26:07,000
Speaker 13: side by side to see what's safe, what's smart, and

511
00:26:07,040 --> 00:26:09,520
Speaker 13: what's most tax efficient for their specific goals.

512
00:26:09,680 --> 00:26:11,960
Speaker 11: Because at the end of the day, investing isn't just

513
00:26:12,000 --> 00:26:14,800
Speaker 11: about chasing the highest yield. It's about keeping more of

514
00:26:14,800 --> 00:26:16,879
Speaker 11: what you earn and making sure your cash is working

515
00:26:16,920 --> 00:26:19,360
Speaker 11: for you even when interest rates are changing.

516
00:26:19,160 --> 00:26:21,600
Speaker 13: Exactly and now's the time to take a closer look

517
00:26:21,720 --> 00:26:24,880
Speaker 13: before rates start dropping and opportunities narrow Well.

518
00:26:24,720 --> 00:26:26,920
Speaker 11: Said, if you'd like to learn more about municipal bond

519
00:26:26,960 --> 00:26:30,480
Speaker 11: strategies or other safe, tax efficient cash alternatives, give us

520
00:26:30,520 --> 00:26:32,520
Speaker 11: a call. We'll be happy to walk you through your options.

521
00:26:32,680 --> 00:26:35,920
Speaker 13: Absolutely well, Greg I will chat with you next week.

522
00:26:36,080 --> 00:26:36,720
Speaker 3: Have one tonight.

523
00:26:36,880 --> 00:26:37,240
Speaker 7: Thank you.

524
00:26:37,720 --> 00:26:40,600
Speaker 4: To get in touch with Greg Murray or Mary Madeline

525
00:26:40,680 --> 00:26:44,240
Speaker 4: Kelly or any member of the Kelly Financial team, call

526
00:26:44,400 --> 00:26:52,080
Speaker 4: atat EATE eight hundred eighteen eighty one. Safe Money Strategies

527
00:26:52,320 --> 00:26:55,720
Speaker 4: with William Kelly and Kelly Kelly call the team on

528
00:26:55,920 --> 00:27:02,560
Speaker 4: at eight eight hundreds, eighteen eighty one.

529
00:27:03,080 --> 00:27:07,479
Speaker 5: Welcome back to Save Money Strategies. I'm Kelly Kelly, joined

530
00:27:07,480 --> 00:27:11,560
Speaker 5: by my son William Kelly Junior. We're so glad you're

531
00:27:11,600 --> 00:27:14,520
Speaker 5: with us today as we talk about a stage that

532
00:27:14,760 --> 00:27:18,399
Speaker 5: many families know well, the one where you're still helping

533
00:27:18,480 --> 00:27:22,080
Speaker 5: loved ones from both directions even after retirement.

534
00:27:22,280 --> 00:27:26,120
Speaker 3: That's right, mom. The term sandwich generation usually describes people

535
00:27:26,160 --> 00:27:29,520
Speaker 3: who are caring for aging parents while still supporting children,

536
00:27:30,000 --> 00:27:33,159
Speaker 3: but lately we're seeing more retirees land right in the middle,

537
00:27:33,640 --> 00:27:35,840
Speaker 3: helping adult kids who are trying to get their footing,

538
00:27:36,040 --> 00:27:38,720
Speaker 3: and at the same time stepping in for their own

539
00:27:38,760 --> 00:27:40,679
Speaker 3: parents who need more care exactly.

540
00:27:41,040 --> 00:27:44,879
Speaker 5: Retirement was once thought of as this clear line you

541
00:27:44,960 --> 00:27:48,520
Speaker 5: stop working, slowed down, and finally enjoy life.

542
00:27:48,800 --> 00:27:49,800
Speaker 6: But now for so.

543
00:27:49,800 --> 00:27:53,920
Speaker 5: Many people, retirement looks more like a continuation of giving.

544
00:27:54,359 --> 00:28:01,000
Speaker 5: It can be deeply rewarding but also incredibly demanding financially, emotionally,

545
00:28:01,200 --> 00:28:02,040
Speaker 5: and physically.

546
00:28:02,320 --> 00:28:04,960
Speaker 2: I think what surprises people the most is how much

547
00:28:05,040 --> 00:28:08,800
Speaker 2: that sense of responsibility follows them into retirement. You think

548
00:28:08,840 --> 00:28:12,040
Speaker 2: you're finally going to axhale, and then real life shows up.

549
00:28:12,400 --> 00:28:15,200
Speaker 2: Maybe a child loses a job, moves home or needs

550
00:28:15,200 --> 00:28:18,560
Speaker 2: help with tuition, or maybe an elderly parent suddenly needs

551
00:28:18,640 --> 00:28:20,679
Speaker 2: daily care or help with their bills, and.

552
00:28:20,760 --> 00:28:25,880
Speaker 5: Those situations can change overnight. A family member's health turns,

553
00:28:26,080 --> 00:28:29,560
Speaker 5: or your adult child gets caught between jobs, and all

554
00:28:29,600 --> 00:28:32,920
Speaker 5: of a sudden, you're back in full support mode. Most

555
00:28:32,960 --> 00:28:36,000
Speaker 5: people want to help, of course, but what we see

556
00:28:36,440 --> 00:28:39,640
Speaker 5: is that they rarely stop to consider how it affects

557
00:28:39,680 --> 00:28:40,840
Speaker 5: their long term plan.

558
00:28:41,440 --> 00:28:44,640
Speaker 2: And the truth is helping can quietly alter retirement. Math

559
00:28:45,360 --> 00:28:48,240
Speaker 2: studies show that nearly half of parents continue to provide

560
00:28:48,240 --> 00:28:52,840
Speaker 2: financial assistance to adult children, sometimes well into those children's.

561
00:28:52,440 --> 00:28:53,800
Speaker 3: Thirties or even forties.

562
00:28:54,280 --> 00:28:57,080
Speaker 2: It might start small, a little help with rent, groceries

563
00:28:57,120 --> 00:28:59,680
Speaker 2: or car payment, but it can easily grow into something

564
00:28:59,800 --> 00:29:00,640
Speaker 2: much larger.

565
00:29:00,760 --> 00:29:01,760
Speaker 6: We've seen that too.

566
00:29:02,000 --> 00:29:06,040
Speaker 5: Clients will say, oh, it's just temporary, but then a

567
00:29:06,160 --> 00:29:10,600
Speaker 5: year later is still happening. Before long, those little contributions

568
00:29:10,680 --> 00:29:14,160
Speaker 5: become part of your monthly budget, and they start eating

569
00:29:14,240 --> 00:29:17,960
Speaker 5: into what you set aside for travel, hobbies, or even

570
00:29:18,120 --> 00:29:19,520
Speaker 5: essential expenses.

571
00:29:20,320 --> 00:29:21,720
Speaker 3: And it's not just the kids.

572
00:29:21,840 --> 00:29:25,760
Speaker 2: Many retirees are also helping aging parents, paying for prescriptions,

573
00:29:25,800 --> 00:29:28,840
Speaker 2: some health care, or is this a living Those are

574
00:29:28,880 --> 00:29:31,520
Speaker 2: real costs, and they often appear when you're already living

575
00:29:31,560 --> 00:29:32,480
Speaker 2: on a fixed income.

576
00:29:33,120 --> 00:29:37,000
Speaker 5: Exactly, and even beyond the dollars is the time and

577
00:29:37,080 --> 00:29:44,080
Speaker 5: emotional energy. People underestimate how much energy caregiving requires. Many

578
00:29:44,200 --> 00:29:47,720
Speaker 5: retirees say it feels like they've taken on another full

579
00:29:47,760 --> 00:29:51,200
Speaker 5: time job, but now there's no paycheck attached.

580
00:29:51,800 --> 00:29:54,560
Speaker 2: So true, and that's why this kind of planning isn't

581
00:29:54,600 --> 00:29:57,840
Speaker 2: just financial, it's emotional too. You have to protect your

582
00:29:57,880 --> 00:29:59,800
Speaker 2: time and your peace of mind just as much.

583
00:29:59,720 --> 00:30:04,160
Speaker 5: As your money, which brings us to something important. Planning ahead.

584
00:30:04,680 --> 00:30:09,280
Speaker 5: A fiduciary advisor can help model these dual support scenarios.

585
00:30:09,560 --> 00:30:13,320
Speaker 5: They'll build in a family support budget separate from your

586
00:30:13,480 --> 00:30:17,400
Speaker 5: essential retirement needs, so you know exactly how much you

587
00:30:17,440 --> 00:30:20,880
Speaker 5: can afford to help without compromising your stability.

588
00:30:21,560 --> 00:30:23,400
Speaker 3: That's one of my favorite parts about what we do.

589
00:30:23,720 --> 00:30:26,920
Speaker 2: We walk clients through setting guardrails, figuring out how much

590
00:30:26,920 --> 00:30:29,520
Speaker 2: they can safely give, when to say not right now,

591
00:30:29,680 --> 00:30:32,680
Speaker 2: and how to create boundaries that still feel loving because

592
00:30:32,720 --> 00:30:34,200
Speaker 2: boundaries don't mean you care less.

593
00:30:34,240 --> 00:30:36,040
Speaker 3: They mean you're thinking long term.

594
00:30:36,400 --> 00:30:40,000
Speaker 5: Right, You're protecting yourself so you can keep showing up

595
00:30:40,000 --> 00:30:44,960
Speaker 5: for others later, and the communication peace is huge. Having

596
00:30:45,040 --> 00:30:50,600
Speaker 5: those family conversations early before a crisis makes all the difference.

597
00:30:51,000 --> 00:30:51,480
Speaker 3: It does.

598
00:30:51,680 --> 00:30:54,920
Speaker 2: When expectations are clear, everyone knows what's possible and what isn't.

599
00:30:55,240 --> 00:30:57,920
Speaker 2: It reduces guilt and prevents resentment on both sides.

600
00:30:58,280 --> 00:31:01,760
Speaker 5: And let's not forget helping others is one of life's

601
00:31:01,920 --> 00:31:06,680
Speaker 5: greatest joys. Doing it wisely ensures you can keep doing

602
00:31:06,720 --> 00:31:09,760
Speaker 5: it for years to come. Is not about saying no.

603
00:31:09,960 --> 00:31:13,480
Speaker 5: It's about saying yes in a way the sustainable, and.

604
00:31:13,400 --> 00:31:16,360
Speaker 2: That's the heart of today's topic, protecting yourself while still

605
00:31:16,360 --> 00:31:18,920
Speaker 2: being the support your family relies on. To help, we

606
00:31:19,000 --> 00:31:22,640
Speaker 2: offer a complimentary resource called the Retirement Income Planning Checklist.

607
00:31:22,960 --> 00:31:25,320
Speaker 2: It walks you through ten key steps to organize your

608
00:31:25,320 --> 00:31:29,840
Speaker 2: retirement strategy, including planning for longevity, health care, inflation, and

609
00:31:29,880 --> 00:31:31,400
Speaker 2: even multi generational living.

610
00:31:31,920 --> 00:31:35,960
Speaker 5: Coming up, we'll continue the conversation with real strategies to

611
00:31:36,040 --> 00:31:39,040
Speaker 5: protect your future while you protect theirs.

612
00:31:39,520 --> 00:31:40,320
Speaker 6: Stay with us.

613
00:31:40,480 --> 00:31:44,760
Speaker 5: You're listening to Safe Money Strategies on w RKO.

614
00:31:48,560 --> 00:31:52,640
Speaker 4: Safe Money Strategies brought to you by Kelly Financial Services

615
00:31:52,840 --> 00:31:56,640
Speaker 4: called eight eight eight eight hundred eighteen eighty one, or

616
00:31:56,720 --> 00:31:58,680
Speaker 4: visit Kellyfinancial dot org.

617
00:31:59,200 --> 00:32:03,160
Speaker 10: Ready to enjoy your golden years without worry. At Kelly Financial,

618
00:32:03,280 --> 00:32:06,640
Speaker 10: we know retirement planning can be overwhelming. With more than

619
00:32:06,680 --> 00:32:10,360
Speaker 10: twenty two years of experience, our friendly team of advisors

620
00:32:10,440 --> 00:32:13,640
Speaker 10: makes it easy and stress free. Trust us to help

621
00:32:13,640 --> 00:32:17,120
Speaker 10: you create a secure and enjoyable future. For a free

622
00:32:17,200 --> 00:32:21,479
Speaker 10: initial retirement consultation called eight eight eight eight hundred eighteen

623
00:32:21,560 --> 00:32:25,720
Speaker 10: eighty one or email Kelly at Kellyfinancial dot org. We're

624
00:32:25,800 --> 00:32:27,960
Speaker 10: Kelly Financial. Come retire with.

625
00:32:27,880 --> 00:32:32,800
Speaker 4: Us Safe Money Strategies with William Kelly and Kelly Kelly.

626
00:32:33,080 --> 00:32:36,480
Speaker 4: Call the team on eight eight eight eight hundred eighteen

627
00:32:36,720 --> 00:32:37,280
Speaker 4: eighty one.

628
00:32:37,960 --> 00:32:47,840
Speaker 5: Take care, Welcome back to Safe Money Strategies. I'm Kelly Kelly,

629
00:32:48,360 --> 00:32:51,840
Speaker 5: joined once again by my son, William Kelly Junior.

630
00:32:52,240 --> 00:32:53,880
Speaker 6: In our last segment.

631
00:32:53,640 --> 00:32:55,720
Speaker 5: We looked at what it means to be part of

632
00:32:55,760 --> 00:33:00,479
Speaker 5: the Sandwich generation that season when you're helping parents and

633
00:33:00,640 --> 00:33:04,080
Speaker 5: kids at the same time. Now, let's shift gears to

634
00:33:04,160 --> 00:33:08,240
Speaker 5: the solutions how to stay generous without losing your own

635
00:33:08,320 --> 00:33:09,320
Speaker 5: financial footing.

636
00:33:09,640 --> 00:33:12,400
Speaker 2: It's such an important topic. A lot of retirees tell

637
00:33:12,440 --> 00:33:14,880
Speaker 2: us they feel like they're still working full time, not

638
00:33:15,000 --> 00:33:17,560
Speaker 2: for a paycheck anymore, but for their families. And while

639
00:33:17,560 --> 00:33:20,160
Speaker 2: that kind of generosity comes from love, it can also

640
00:33:20,240 --> 00:33:23,000
Speaker 2: lead to exhaustion, both emotionally and financially.

641
00:33:23,440 --> 00:33:27,800
Speaker 5: When you're stretched thin, you start making quick decisions. Maybe

642
00:33:27,840 --> 00:33:31,400
Speaker 5: you dip into savings to cover an unexpected expense for

643
00:33:31,440 --> 00:33:34,320
Speaker 5: your child, or you agree to help with a parent's

644
00:33:34,400 --> 00:33:37,560
Speaker 5: medical bill even if you're not sure how it fits

645
00:33:37,560 --> 00:33:41,280
Speaker 5: into your budget. Those decisions feel good in the moment,

646
00:33:41,440 --> 00:33:44,520
Speaker 5: but they can create long term stress later.

647
00:33:44,680 --> 00:33:48,120
Speaker 2: And that's why we always say preparation replaces guilt. When

648
00:33:48,160 --> 00:33:50,400
Speaker 2: you have a plan and know your limits, you can

649
00:33:50,440 --> 00:33:52,760
Speaker 2: say yes with confidence and know without guilt.

650
00:33:53,040 --> 00:33:57,640
Speaker 5: Boundaries really are essential. They're not harsh, they're healthy. One

651
00:33:57,720 --> 00:34:00,960
Speaker 5: couple we work with, for example, helps their daughter with

652
00:34:01,080 --> 00:34:05,360
Speaker 5: graduate school tuition, but they've agreed is only through the

653
00:34:05,480 --> 00:34:08,640
Speaker 5: end of her program. Everyone knows the plan, and that

654
00:34:08,719 --> 00:34:11,160
Speaker 5: eliminates awkward conversations.

655
00:34:11,560 --> 00:34:12,720
Speaker 3: That's such a great example.

656
00:34:13,040 --> 00:34:16,359
Speaker 2: Setting expectations ahead of time shows your family that generosity

657
00:34:16,400 --> 00:34:21,279
Speaker 2: comes with responsibility. It teaches financial independence rather than dependency,

658
00:34:22,000 --> 00:34:24,120
Speaker 2: and that's an incredible gift to pass on.

659
00:34:24,400 --> 00:34:27,920
Speaker 5: It really is, and we remind clients that help doesn't

660
00:34:27,960 --> 00:34:32,040
Speaker 5: always have to be financial. You can mentor guide or

661
00:34:32,120 --> 00:34:35,160
Speaker 5: share your experience. You can help a child with a

662
00:34:35,280 --> 00:34:40,040
Speaker 5: resume or a parent with local services. Sometimes the most

663
00:34:40,080 --> 00:34:43,319
Speaker 5: powerful support is your wisdom and encouragement.

664
00:34:43,920 --> 00:34:47,239
Speaker 2: That's true. You've always said, don't give what you don't have.

665
00:34:47,960 --> 00:34:53,359
Speaker 2: Preserving your retirement assets isn't selfish, it's good stewardship. The

666
00:34:53,440 --> 00:34:57,080
Speaker 2: stronger your foundation, the more consistently you can help others.

667
00:34:57,520 --> 00:35:02,280
Speaker 5: That word stewardship really cat because it's not about clinging

668
00:35:02,320 --> 00:35:05,920
Speaker 5: to what you build. It's about managing it wisely, so

669
00:35:06,040 --> 00:35:11,560
Speaker 5: at last, responsible stewardship allows you to continue helping without

670
00:35:11,640 --> 00:35:14,279
Speaker 5: losing your peace of mind exactly.

671
00:35:14,560 --> 00:35:18,359
Speaker 2: And part of that stewardship is anticipating future costs. It's

672
00:35:18,400 --> 00:35:22,359
Speaker 2: not if expenses will come, it's when. That might mean

673
00:35:22,480 --> 00:35:25,319
Speaker 2: long term care for a parent, home maintenance, or even

674
00:35:25,360 --> 00:35:28,440
Speaker 2: helping a child by their first home. Planning for those

675
00:35:28,480 --> 00:35:31,000
Speaker 2: possibilities now gives you options later.

676
00:35:31,360 --> 00:35:35,399
Speaker 5: That's why stress testing your plan is so powerful. A

677
00:35:35,480 --> 00:35:40,960
Speaker 5: fiduciary advisor can model real world scenarios like what if

678
00:35:41,000 --> 00:35:44,680
Speaker 5: I help my child for three years or what if

679
00:35:44,680 --> 00:35:48,840
Speaker 5: my parent needs assisted living. When you can see the

680
00:35:48,960 --> 00:35:52,800
Speaker 5: outcomes on paper, it takes away the uncertainty.

681
00:35:52,440 --> 00:35:56,960
Speaker 2: And it turns emotion into clarity. Suddenly you're not reacting,

682
00:35:57,280 --> 00:36:00,920
Speaker 2: you're leading. Those are two very different postures when it

683
00:36:00,920 --> 00:36:04,200
Speaker 2: comes to family decisions, absolutely.

684
00:36:03,840 --> 00:36:06,600
Speaker 5: And we've found that clients who have these plans in

685
00:36:06,680 --> 00:36:10,600
Speaker 5: place actually feel more generous because they know what's safe

686
00:36:10,640 --> 00:36:14,080
Speaker 5: to give. They can help joyfully instead of anxiously.

687
00:36:14,480 --> 00:36:18,719
Speaker 2: It's also a conversation worth having with family. Talk openly

688
00:36:18,760 --> 00:36:22,200
Speaker 2: about your limits and priorities. We've seen adult children step

689
00:36:22,320 --> 00:36:25,759
Speaker 2: up when they understand the full picture. Families communicate better

690
00:36:25,800 --> 00:36:28,080
Speaker 2: when everyone's on the same page.

691
00:36:27,960 --> 00:36:31,600
Speaker 5: And a good advisor can help facilitate that. They can

692
00:36:31,600 --> 00:36:34,960
Speaker 5: bring the family together, show how the plan works, and

693
00:36:35,080 --> 00:36:40,040
Speaker 5: explain what's sustainable. It's such a relief for everyone involved.

694
00:36:40,760 --> 00:36:43,680
Speaker 2: That's one of my favorite parts about our work, helping

695
00:36:43,680 --> 00:36:47,799
Speaker 2: families communicate about money without tension. When love and logic meat,

696
00:36:48,160 --> 00:36:49,760
Speaker 2: everything just works better.

697
00:36:50,160 --> 00:36:53,719
Speaker 5: I couldn't agree more so for anyone listening. If this

698
00:36:53,920 --> 00:36:58,680
Speaker 5: conversation hits home, if you're feeling stretched or uncertain, I

699
00:36:58,920 --> 00:37:02,800
Speaker 5: encourage you to take the first step. Request our complementary

700
00:37:02,880 --> 00:37:07,680
Speaker 5: retirement income Planning checklist. It's designed to help you balance

701
00:37:07,840 --> 00:37:13,960
Speaker 5: generosity with independence and walk you through guaranteed income healthcare planning,

702
00:37:14,400 --> 00:37:17,000
Speaker 5: tax efficiency, and legacy goals.

703
00:37:17,440 --> 00:37:20,520
Speaker 2: Because the truth is, you spend a lifetime helping everyone else.

704
00:37:21,000 --> 00:37:24,480
Speaker 2: Now it's time to make sure your plan helps you too, exactly.

705
00:37:24,840 --> 00:37:28,880
Speaker 5: Protecting your future is the best way to keep showing up.

706
00:37:28,760 --> 00:37:30,000
Speaker 6: For the people you love.

707
00:37:30,520 --> 00:37:32,880
Speaker 2: Do keep us on your dial. We have more valuable

708
00:37:32,920 --> 00:37:34,520
Speaker 2: financial insights coming your way.

709
00:37:34,920 --> 00:37:41,319
Speaker 5: You're listening to Safe Money Strategies on WRKO.

710
00:37:41,800 --> 00:37:45,879
Speaker 4: Safe Money Strategies brought to you by Kelly Financial Services.

711
00:37:46,080 --> 00:37:49,840
Speaker 4: Call eight eight eight eight hundred eighteen eighty one or

712
00:37:49,920 --> 00:37:51,880
Speaker 4: visit Kellyfinancial dot org.

713
00:37:53,440 --> 00:37:55,279
Speaker 3: Welcome back to Safe Money Strategies.

714
00:37:55,440 --> 00:37:58,600
Speaker 12: Earlier in the show, we covered required minimum distributions, what

715
00:37:58,680 --> 00:38:01,520
Speaker 12: they are, how to handle my moultiple accounts in why

716
00:38:01,600 --> 00:38:05,160
Speaker 12: having a plan matters. Now, let's talk about steps you

717
00:38:05,200 --> 00:38:08,040
Speaker 12: can take right now to make your retirement income more

718
00:38:08,040 --> 00:38:09,640
Speaker 12: efficient and less stressful.

719
00:38:09,840 --> 00:38:14,160
Speaker 7: Right many retirees focus only on rm ds without thinking

720
00:38:14,280 --> 00:38:19,560
Speaker 7: about the bigger picture. How withdrawals, taxes, and investment risk

721
00:38:19,880 --> 00:38:24,400
Speaker 7: all work together to impact your income. A thoughtful strategy

722
00:38:24,520 --> 00:38:26,360
Speaker 7: can make a huge impact.

723
00:38:26,560 --> 00:38:30,600
Speaker 12: Step one, create a withdrawal plan that fits your lifestyle.

724
00:38:30,880 --> 00:38:33,360
Speaker 12: Think of it as a roadmap for your money instead

725
00:38:33,400 --> 00:38:35,919
Speaker 12: of guessing month to month, you know exactly how much

726
00:38:35,920 --> 00:38:38,200
Speaker 12: you'll need, when you'll need it, in which accounts to

727
00:38:38,239 --> 00:38:40,040
Speaker 12: tap first, and it's not just.

728
00:38:39,960 --> 00:38:44,320
Speaker 7: About covering the bills. You want to prioritize spending, plan

729
00:38:44,480 --> 00:38:49,680
Speaker 7: for taxes, and leave room for unexpected expenses. One practical

730
00:38:49,760 --> 00:38:53,239
Speaker 7: tip set aside a short term cash reserve enough to

731
00:38:53,360 --> 00:38:56,640
Speaker 7: cover a year of living expenses. This way, you're not

732
00:38:56,800 --> 00:38:59,759
Speaker 7: forced to sell investments in a market downturn to meet

733
00:39:00,120 --> 00:39:00,920
Speaker 7: or term needs.

734
00:39:01,080 --> 00:39:04,880
Speaker 12: Step two align your investments with your income needs. If

735
00:39:04,920 --> 00:39:08,440
Speaker 12: you're taking regular withdrawals, part of your portfolio should be

736
00:39:08,480 --> 00:39:12,960
Speaker 12: in lower risk income generating investments like bonds, dividend paying stocks,

737
00:39:13,200 --> 00:39:16,680
Speaker 12: or conservative mutual funds. Protecting the portion you'll need soon

738
00:39:16,920 --> 00:39:17,520
Speaker 12: is critical.

739
00:39:17,680 --> 00:39:22,040
Speaker 7: The third step be tech smart with withdrawals. Retirement income

740
00:39:22,160 --> 00:39:28,880
Speaker 7: can come from multiple sources pension, social security iras, wroth irays,

741
00:39:28,920 --> 00:39:33,000
Speaker 7: and four to one kes in addition to taxable accounts.

742
00:39:33,440 --> 00:39:37,799
Speaker 7: Planning the order of withdrawals can reduce your overall tax burn.

743
00:39:38,320 --> 00:39:42,279
Speaker 7: For example, in early retirement, it may make sense to

744
00:39:42,400 --> 00:39:47,160
Speaker 7: draw from taxable accounts first, while letting iras and wroth

745
00:39:47,239 --> 00:39:48,240
Speaker 7: irays grow.

746
00:39:48,640 --> 00:39:54,640
Speaker 12: Step four simplify your accounts Consolidating accounts reduces confusion, makes

747
00:39:54,680 --> 00:39:58,560
Speaker 12: withdrawals easier to attract, and helps you stay organized. Less

748
00:39:58,600 --> 00:40:01,680
Speaker 12: complexity equals less and fewer mistakes.

749
00:40:01,880 --> 00:40:07,680
Speaker 7: The fifth step monitor your plan regularly. Life changes, markets change,

750
00:40:07,880 --> 00:40:12,400
Speaker 7: and your spending needs may change. Reviewing your plan annually

751
00:40:12,800 --> 00:40:17,480
Speaker 7: or more often ensures that your strategy stays aligned with

752
00:40:17,560 --> 00:40:19,600
Speaker 7: your lifestyle and your goals.

753
00:40:19,800 --> 00:40:24,400
Speaker 12: Step six use professional planning resources. Our Safe Money Strategies

754
00:40:24,440 --> 00:40:27,479
Speaker 12: workbook is a practical tool that helps you see where

755
00:40:27,480 --> 00:40:31,040
Speaker 12: withdrawals should come from, track income and flag areas that

756
00:40:31,120 --> 00:40:31,880
Speaker 12: need adjustment.

757
00:40:32,120 --> 00:40:34,600
Speaker 3: It's not just a workbook, it's a roadmap to peace

758
00:40:34,640 --> 00:40:35,040
Speaker 3: of mind.

759
00:40:35,239 --> 00:40:38,920
Speaker 7: Let's make this reel with a client example. Joe and Maria,

760
00:40:39,120 --> 00:40:43,120
Speaker 7: a retired couple, were worried about taxes and market risk.

761
00:40:43,600 --> 00:40:47,120
Speaker 7: Joe wasn't sure the best order to withdraw from their

762
00:40:47,160 --> 00:40:51,160
Speaker 7: IR and taxable accounts, and Maria she wanted to protect

763
00:40:51,160 --> 00:40:53,200
Speaker 7: their investments from market swings.

764
00:40:53,520 --> 00:40:56,000
Speaker 3: We walked them through their entire income pitture.

765
00:40:56,400 --> 00:41:00,399
Speaker 12: First, we looked at their current account balances and RMD requireronments.

766
00:41:00,560 --> 00:41:03,840
Speaker 12: Then we created a sequence of withdrawals that minimized the

767
00:41:03,960 --> 00:41:08,040
Speaker 12: taxes while preserving portfolio growth. They started by drawing from

768
00:41:08,080 --> 00:41:11,800
Speaker 12: taxable accounts first, letting roth accounts continue to grow tax free,

769
00:41:11,920 --> 00:41:15,720
Speaker 12: and maintaining a portion of the portfolio in conservative income

770
00:41:15,800 --> 00:41:16,920
Speaker 12: generating investments.

771
00:41:17,120 --> 00:41:21,719
Speaker 7: We also help them consolidate smaller accounts into fewer companies,

772
00:41:22,040 --> 00:41:26,799
Speaker 7: making it easier to track distributions and rebalance investments. On

773
00:41:26,920 --> 00:41:29,839
Speaker 7: top of that, we created a cash reserve to cover

774
00:41:29,960 --> 00:41:33,160
Speaker 7: short term expenses so they wouldn't have to sell investments

775
00:41:33,200 --> 00:41:34,640
Speaker 7: during market downturns.

776
00:41:34,800 --> 00:41:38,840
Speaker 12: The result predictable income, reduced stress, and more confidence in

777
00:41:38,880 --> 00:41:41,920
Speaker 12: their financial future. They no longer worry about running out

778
00:41:41,920 --> 00:41:44,120
Speaker 12: of money or making the wrong withdrawal decisions.

779
00:41:44,280 --> 00:41:48,040
Speaker 7: Joe and Maria's experience highlights something important. It's not just

780
00:41:48,080 --> 00:41:51,920
Speaker 7: about the numbers. Having a plan, Knowing your withdrawal sequence

781
00:41:52,200 --> 00:41:56,920
Speaker 7: and aligning investments with your income needs reduces anxiety and

782
00:41:57,040 --> 00:41:58,400
Speaker 7: gives you peace of mind.

783
00:41:58,600 --> 00:42:01,640
Speaker 12: And this isn't unique to Joe and Many retirees fail

784
00:42:01,680 --> 00:42:05,680
Speaker 12: overwhelmed trying to manage multiple accounts, withdrawals and taxes on

785
00:42:05,719 --> 00:42:08,920
Speaker 12: their own. That's why taking action now before year end

786
00:42:09,239 --> 00:42:13,680
Speaker 12: or before your RMD deadline can prevent mistakes in unnecessary stress.

787
00:42:13,920 --> 00:42:17,200
Speaker 7: Another tip we often share, make sure your withdrawal plan

788
00:42:17,480 --> 00:42:23,080
Speaker 7: is flexible life. It can be unpredictable health expenses, unexpected

789
00:42:23,120 --> 00:42:27,400
Speaker 7: travel or family support needs may arise. Your plan should

790
00:42:27,440 --> 00:42:31,520
Speaker 7: allow you to adjust withdrawals while staying on track for

791
00:42:31,680 --> 00:42:33,120
Speaker 7: your long term goals.

792
00:42:33,280 --> 00:42:36,800
Speaker 12: It's also important to review tax implications each year. For example,

793
00:42:37,120 --> 00:42:41,320
Speaker 12: rmds from traditional arrays, counts taxable income, which can affect

794
00:42:41,360 --> 00:42:45,920
Speaker 12: Medicare premiums, and source security taxation. Pulling from taxable accounts

795
00:42:46,120 --> 00:42:50,080
Speaker 12: or WROTH accounts strategically can sometimes reduce overall taxes and

796
00:42:50,239 --> 00:42:51,439
Speaker 12: smooth income over time.

797
00:42:51,640 --> 00:42:54,319
Speaker 7: So if you're listening and wondering, how do I know

798
00:42:54,480 --> 00:42:58,520
Speaker 7: if my retirement income strategy is efficient and stress free?

799
00:42:58,719 --> 00:43:00,880
Speaker 3: Here's what you can do all our.

800
00:43:00,760 --> 00:43:06,120
Speaker 7: Office to schedule a complementary retirement income analysis. We will

801
00:43:06,160 --> 00:43:10,480
Speaker 7: walk you through your accounts, review your withdrawal strategy, and

802
00:43:10,680 --> 00:43:13,840
Speaker 7: help you determine if your plan is on track.

803
00:43:14,040 --> 00:43:17,040
Speaker 12: There's no cost, no obligation, just a chance to get

804
00:43:17,040 --> 00:43:21,040
Speaker 12: clarity on your retirement income and reduce financial stress. Many

805
00:43:21,080 --> 00:43:24,319
Speaker 12: retirees fail immediate relief just by seeing a clear plan

806
00:43:24,400 --> 00:43:25,280
Speaker 12: in front of them.

807
00:43:25,120 --> 00:43:28,680
Speaker 7: And that clarity can make a huge difference knowing which

808
00:43:28,760 --> 00:43:32,439
Speaker 7: accounts to withdraw from. How to manage taxes and how

809
00:43:32,480 --> 00:43:36,120
Speaker 7: to align your investments gives you confidence to enjoy your

810
00:43:36,160 --> 00:43:40,320
Speaker 7: retirement without second guessing every financial decision.

811
00:43:40,480 --> 00:43:44,120
Speaker 12: Remember, retirement should be a time of peace, not worry.

812
00:43:44,360 --> 00:43:50,480
Speaker 12: Taking proactive steps now, creating withdrawal plan, aligning investments, simplifying accounts,

813
00:43:50,719 --> 00:43:53,400
Speaker 12: in monitoring your plan can make all the difference.

814
00:43:53,600 --> 00:43:57,440
Speaker 7: Joe and Maria, Nancy and so many of our clients

815
00:43:57,520 --> 00:44:01,520
Speaker 7: have experienced this firsthand. Planning in advance with the right

816
00:44:01,600 --> 00:44:05,399
Speaker 7: strategy and guidance allows you to take control of your

817
00:44:05,440 --> 00:44:09,200
Speaker 7: retirement income and reduce stress significantly.

818
00:44:09,440 --> 00:44:10,000
Speaker 3: So don't wait.

819
00:44:10,080 --> 00:44:12,879
Speaker 12: Pick up the phone, call our office and schedule YAW

820
00:44:12,880 --> 00:44:16,560
Speaker 12: Complementary Retirement Income Analysis. Let's help you create a plan

821
00:44:16,680 --> 00:44:20,359
Speaker 12: that protects your savings, minimizes taxes, and gives you peace

822
00:44:20,360 --> 00:44:21,720
Speaker 12: of mind for the years ahead.

823
00:44:21,880 --> 00:44:26,600
Speaker 7: Thank you for tuning in to safe money strategies. Remember, clarity,

824
00:44:27,040 --> 00:44:31,280
Speaker 7: confidence and peace of mind are well within reach. Call

825
00:44:31,400 --> 00:44:35,720
Speaker 7: our office today and take that first step toward a smarter,

826
00:44:36,320 --> 00:44:40,480
Speaker 7: less stressful retirement. With that, I'm Breg Workman.

827
00:44:40,239 --> 00:44:42,200
Speaker 3: And I'm Mike dust We'll see you next time.

828
00:44:46,840 --> 00:44:49,640
Speaker 1: Joining us now in our radio fond brought to you

829
00:44:49,719 --> 00:44:55,719
Speaker 1: by Kelly Financial Services Dan Stack, CEO of the Disabled

830
00:44:55,760 --> 00:44:59,120
Speaker 1: American Veterans and joining us now in studio as well,

831
00:44:59,440 --> 00:45:05,480
Speaker 1: which tremendus pride. William Kelly Junior, how are you, William?

832
00:45:05,320 --> 00:45:07,959
Speaker 3: A fantastic thank you for asking. How are you? Very

833
00:45:08,160 --> 00:45:08,680
Speaker 3: very good?

834
00:45:08,840 --> 00:45:11,760
Speaker 1: And you know, Dan Stack and I were just talking

835
00:45:11,920 --> 00:45:15,359
Speaker 1: off the air a couple five minutes ago, looking at

836
00:45:15,400 --> 00:45:19,640
Speaker 1: you talking to my son Ashton outside the studio, and

837
00:45:19,680 --> 00:45:21,640
Speaker 1: he says, you know, he remembers you guys when you

838
00:45:21,640 --> 00:45:24,719
Speaker 1: were small, and he looks at you. You're built like

839
00:45:24,920 --> 00:45:27,600
Speaker 1: you know, You're built like a truck. He looks at Ashton,

840
00:45:27,600 --> 00:45:28,320
Speaker 1: He's built.

841
00:45:28,040 --> 00:45:28,560
Speaker 3: Like a tank.

842
00:45:28,680 --> 00:45:30,680
Speaker 1: Oh yeah, you know. And the two of you are

843
00:45:30,680 --> 00:45:34,880
Speaker 1: talking and he says, boy, they grow up so fast,

844
00:45:34,960 --> 00:45:37,600
Speaker 1: both of you really do. So I've got Ashton in

845
00:45:37,640 --> 00:45:40,600
Speaker 1: studio with me. I've got you, William. I got to

846
00:45:40,640 --> 00:45:45,640
Speaker 1: ask you. You're Kelly Financial, big supporter, you're obviously sponsoring

847
00:45:45,640 --> 00:45:50,040
Speaker 1: this hour. Why do you, in particular, why does Kelly

848
00:45:50,120 --> 00:45:54,600
Speaker 1: Financial care so much about our veterans and especially the.

849
00:45:54,600 --> 00:45:56,280
Speaker 3: Dav Well for starters.

850
00:45:56,320 --> 00:45:59,040
Speaker 2: I'll say that without our veterans, and without our armed

851
00:45:59,040 --> 00:46:01,160
Speaker 2: forces in general, we would not have the things that

852
00:46:01,200 --> 00:46:03,239
Speaker 2: we have today. And I know that we hear that

853
00:46:03,280 --> 00:46:05,040
Speaker 2: a lot, we say it a lot, but we literally

854
00:46:05,080 --> 00:46:07,040
Speaker 2: wouldn't like if we did not take up arms during

855
00:46:07,080 --> 00:46:08,440
Speaker 2: the Revolutionary.

856
00:46:07,840 --> 00:46:09,400
Speaker 3: War, we wouldn't have our country.

857
00:46:09,719 --> 00:46:11,960
Speaker 2: So it's our fighters who protect us and keep us

858
00:46:12,280 --> 00:46:14,680
Speaker 2: in this way of life. You guys have probably heard

859
00:46:14,680 --> 00:46:16,960
Speaker 2: that a million times now, but truthfully, that's the ethos

860
00:46:17,000 --> 00:46:19,200
Speaker 2: of it pretty much, that's the core. And my father

861
00:46:19,280 --> 00:46:22,400
Speaker 2: understood that him being a veteran himself, and truly, we

862
00:46:22,520 --> 00:46:24,440
Speaker 2: just love veterans and we love the military.

863
00:46:24,760 --> 00:46:27,799
Speaker 1: There are many organizations and I know you give a lot.

864
00:46:27,840 --> 00:46:31,239
Speaker 1: You're very generous, Kelly Financial is very generous. Why the

865
00:46:31,320 --> 00:46:34,440
Speaker 1: disabled American veterans. It's focused and it's local.

866
00:46:34,800 --> 00:46:37,239
Speaker 2: My brother's keeper, for example, same way I've worked with

867
00:46:37,239 --> 00:46:39,759
Speaker 2: them before. I volunteered for them, and you see it

868
00:46:39,960 --> 00:46:42,799
Speaker 2: with dav Massachusetts who see it as well. And it's

869
00:46:42,840 --> 00:46:46,040
Speaker 2: completely focused, and it's in an area in our community.

870
00:46:46,120 --> 00:46:47,600
Speaker 2: And I think one of the best things you can

871
00:46:47,640 --> 00:46:51,240
Speaker 2: do as an American citizen is help your community. Obviously

872
00:46:51,239 --> 00:46:53,040
Speaker 2: helping the grand scheme of things is great as well.

873
00:46:53,080 --> 00:46:55,400
Speaker 2: I'm not denouncing that at all, but I am saying

874
00:46:55,440 --> 00:46:57,400
Speaker 2: that I think a community focus is what makes it

875
00:46:57,520 --> 00:46:59,279
Speaker 2: very special and I have a lot of respect for that.

876
00:46:59,360 --> 00:47:01,880
Speaker 3: And also I know you guys. You guys are amazing folks.

877
00:47:02,520 --> 00:47:06,240
Speaker 1: Before I go to Dan Stack and Mike Vallilla, Ashton,

878
00:47:06,800 --> 00:47:10,960
Speaker 1: you and William have grown up together. You guys knew

879
00:47:11,000 --> 00:47:13,879
Speaker 1: each other when you were both very very small. How

880
00:47:13,920 --> 00:47:18,520
Speaker 1: does it feel to see William Kelly Junior in studio

881
00:47:19,120 --> 00:47:22,920
Speaker 1: making a donation to the disabled American veterans? How does

882
00:47:22,960 --> 00:47:23,839
Speaker 1: it feel right now?

883
00:47:23,880 --> 00:47:24,280
Speaker 3: Ashton?

884
00:47:24,480 --> 00:47:27,040
Speaker 14: Well, I'm very impressed by him, and I'm very proud

885
00:47:27,040 --> 00:47:28,880
Speaker 14: of him. I kind of wish I was kind of

886
00:47:28,920 --> 00:47:32,000
Speaker 14: in his situation because I do not have a job,

887
00:47:32,640 --> 00:47:36,560
Speaker 14: and I well not yet okay, but I do not

888
00:47:36,680 --> 00:47:39,120
Speaker 14: have any money really to my name, and if I

889
00:47:39,200 --> 00:47:42,640
Speaker 14: had money, probably donated to a lot of veteran communities,

890
00:47:42,680 --> 00:47:46,160
Speaker 14: to the dav to help other people all the time.

891
00:47:46,239 --> 00:47:50,120
Speaker 14: I love helping people. But I'm very proud because he's

892
00:47:50,160 --> 00:47:52,200
Speaker 14: like a cousin to me. I see him as a cousin,

893
00:47:52,280 --> 00:47:56,400
Speaker 14: I see him as family. Likewise, I love him. I'm

894
00:47:56,520 --> 00:47:59,960
Speaker 14: very proud of him. He's like my mentor in my life.

895
00:48:00,040 --> 00:48:03,799
Speaker 14: I care from very deeply, Ashtin. I want you to

896
00:48:03,880 --> 00:48:07,000
Speaker 14: ask William what his donation is go ahead? How much

897
00:48:07,040 --> 00:48:07,680
Speaker 14: did he donate?

898
00:48:07,719 --> 00:48:10,960
Speaker 2: William Kelly Financial Services would like to donate three thousand

899
00:48:11,040 --> 00:48:16,040
Speaker 2: dollars to the additional one. Yeah, and on top of

900
00:48:16,040 --> 00:48:18,560
Speaker 2: the sponsorship, I would also like to donate an additional

901
00:48:18,600 --> 00:48:19,560
Speaker 2: two thousand dollars.

902
00:48:19,680 --> 00:48:20,440
Speaker 3: Are you serious?

903
00:48:20,800 --> 00:48:23,160
Speaker 1: Out of your own this, out of your own bank account, yes, sir,

904
00:48:23,280 --> 00:48:24,520
Speaker 1: two thousand dollars.

905
00:48:24,360 --> 00:48:28,040
Speaker 3: Yeah, why not? God bless you's been good. Hey, I

906
00:48:28,080 --> 00:48:29,000
Speaker 3: only have eyes.

907
00:48:28,840 --> 00:48:31,879
Speaker 1: For my wife, but I love you in a non

908
00:48:32,000 --> 00:48:35,240
Speaker 1: sexual way, my friend. We got less than a minute

909
00:48:35,480 --> 00:48:36,160
Speaker 1: dance stack.

910
00:48:36,640 --> 00:48:38,560
Speaker 15: Anything you want to say to William, I don't know

911
00:48:38,560 --> 00:48:40,799
Speaker 15: what to say to William, to be quite honest with you,

912
00:48:40,920 --> 00:48:44,520
Speaker 15: because you made me cry the first time you called in,

913
00:48:45,239 --> 00:48:47,359
Speaker 15: just after your dad had passed. And your dad has

914
00:48:47,440 --> 00:48:51,920
Speaker 15: been a sponsor of our program since we started, and

915
00:48:51,960 --> 00:48:54,919
Speaker 15: I can't thank him enough, but I know he's looking

916
00:48:54,960 --> 00:48:57,840
Speaker 15: down very proud of you. That day that you called

917
00:48:57,880 --> 00:49:02,080
Speaker 15: in as a young young man and donated what you

918
00:49:02,200 --> 00:49:05,480
Speaker 15: had saved was something that just broke my heart. And

919
00:49:05,520 --> 00:49:08,440
Speaker 15: you have done that every year since. William, thank you

920
00:49:08,480 --> 00:49:09,160
Speaker 15: so much.

921
00:49:09,000 --> 00:49:11,239
Speaker 3: Thank you, Desha, thank you guys for this opportunity.

922
00:49:11,360 --> 00:49:14,600
Speaker 1: William, thank you again, truly from the bottom of my heart.

923
00:49:14,680 --> 00:49:15,520
Speaker 3: Thank you so much.

924
00:49:19,680 --> 00:49:25,920
Speaker 4: Safe money Strategies A eight eight hundred one eight eight one.

925
00:49:26,000 --> 00:49:29,080
Speaker 5: Bill Kelly always had a way of reminding us what

926
00:49:29,320 --> 00:49:30,200
Speaker 5: really matters.

927
00:49:30,520 --> 00:49:32,759
Speaker 6: From that very first breath to.

928
00:49:32,760 --> 00:49:37,600
Speaker 16: The very last, life will bring us both miracles and challenges,

929
00:49:37,880 --> 00:49:41,040
Speaker 16: But through it all, what counts is that we choose

930
00:49:41,120 --> 00:49:45,120
Speaker 16: to live, to love, to stay connected, and to keep

931
00:49:45,160 --> 00:49:46,560
Speaker 16: showing up for one another.

932
00:49:46,960 --> 00:49:49,400
Speaker 6: Here's Bill Kelly.

933
00:49:50,000 --> 00:49:52,640
Speaker 8: We decide that we love life, people love us, we

934
00:49:52,719 --> 00:49:54,560
Speaker 8: love them, and we want to be with those people.

935
00:49:55,280 --> 00:49:57,920
Speaker 8: It's just another piece of evidence that we don't exist

936
00:49:57,960 --> 00:50:02,279
Speaker 8: as islands of humanity. Breath we take in life is

937
00:50:02,360 --> 00:50:06,280
Speaker 8: probably involuntary. If we're lucky enough to be born healthy

938
00:50:06,320 --> 00:50:09,400
Speaker 8: and move ahead in time on Earth. Every breath we

939
00:50:09,480 --> 00:50:12,880
Speaker 8: take after we reach the age of consent is basically voluntary.

940
00:50:13,760 --> 00:50:16,040
Speaker 8: Between the first breath and the last one, a lot

941
00:50:16,080 --> 00:50:19,040
Speaker 8: of things happen. Some of those things might seem like

942
00:50:19,080 --> 00:50:22,359
Speaker 8: a miracle and some like a curse. But we are

943
00:50:22,400 --> 00:50:25,440
Speaker 8: a collection of people who love life obviously, or many

944
00:50:25,480 --> 00:50:27,680
Speaker 8: of us would just quit and give up. We could

945
00:50:27,680 --> 00:50:29,520
Speaker 8: take a survey and ask people if they are in

946
00:50:29,560 --> 00:50:32,640
Speaker 8: favor of living. If we compare the number of people

947
00:50:32,719 --> 00:50:35,880
Speaker 8: who decide to participate with the number of people who

948
00:50:36,000 --> 00:50:39,040
Speaker 8: decide to opt out on any given day, we'd have

949
00:50:39,200 --> 00:50:42,719
Speaker 8: to admit the survey overwhelmingly points to the fact we

950
00:50:42,840 --> 00:50:45,759
Speaker 8: prefer to live with all the pain and all the

951
00:50:45,880 --> 00:50:49,560
Speaker 8: joy that living encompasses. We can have doubts, we can

952
00:50:49,640 --> 00:50:52,520
Speaker 8: have hopes, and we can have dreams. I grew up

953
00:50:52,520 --> 00:50:55,800
Speaker 8: on a farm. The strongest human being I ever knew

954
00:50:55,840 --> 00:50:57,880
Speaker 8: was gramp. He would sit me up on the table

955
00:50:57,920 --> 00:51:00,640
Speaker 8: and tie my shoes. Then I'd go to my domain,

956
00:51:01,280 --> 00:51:04,560
Speaker 8: the farm. I had my own trees, my own stone walls,

957
00:51:04,560 --> 00:51:07,960
Speaker 8: in my own brook, and I could play. Many children today,

958
00:51:08,000 --> 00:51:09,920
Speaker 8: including William, meet a lot of FaceTime.

959
00:51:10,040 --> 00:51:10,759
Speaker 3: He needs me there.

960
00:51:10,800 --> 00:51:12,640
Speaker 8: And I don't mean just sitting in the same room

961
00:51:12,680 --> 00:51:15,719
Speaker 8: working on my computer while he works his iPad. That's

962
00:51:15,760 --> 00:51:18,439
Speaker 8: not going to cut it. That's not FaceTime. He needs

963
00:51:18,480 --> 00:51:21,560
Speaker 8: me to be participating in an activity with him. If

964
00:51:21,560 --> 00:51:24,319
Speaker 8: I do that for twenty forty minutes, we can sit

965
00:51:24,360 --> 00:51:26,320
Speaker 8: in the same room without the need to be facing

966
00:51:26,360 --> 00:51:29,040
Speaker 8: each other. If I don't do that, then he's constantly

967
00:51:29,080 --> 00:51:32,000
Speaker 8: in need. Since he's the best friend I've ever had,

968
00:51:32,320 --> 00:51:35,080
Speaker 8: I don't mind doing it at all. He's a great

969
00:51:35,160 --> 00:51:37,640
Speaker 8: human being who happens to be my son, and I

970
00:51:37,680 --> 00:51:38,280
Speaker 8: love him.

971
00:51:38,800 --> 00:51:41,480
Speaker 3: When I was about three, I had a little routine

972
00:51:41,560 --> 00:51:44,040
Speaker 3: during the early morning hours on the farm. It was

973
00:51:44,080 --> 00:51:46,640
Speaker 3: a bad thing to do, and I admit it because

974
00:51:46,640 --> 00:51:48,040
Speaker 3: it was deliberate and pre planned.

975
00:51:48,080 --> 00:51:51,640
Speaker 8: I couldn't help it. Like a compulsive gambler, I was

976
00:51:51,680 --> 00:51:55,120
Speaker 8: a compulsive cookie eater. How did it work? I slept

977
00:51:55,120 --> 00:51:57,360
Speaker 8: in the same bedroom as gramp in a crib with

978
00:51:57,400 --> 00:51:59,480
Speaker 8: the top my father had made. It had a screen,

979
00:51:59,520 --> 00:52:02,200
Speaker 8: and it had latches all along the edge to keep

980
00:52:02,239 --> 00:52:04,960
Speaker 8: me from getting out. Over a period of time, however,

981
00:52:05,000 --> 00:52:06,560
Speaker 8: I was able to create a bit of a hole

982
00:52:06,600 --> 00:52:08,840
Speaker 8: in the cribscreen that no one could see but me.

983
00:52:09,280 --> 00:52:11,680
Speaker 8: I would poke my hand through and undo the latches.

984
00:52:12,480 --> 00:52:15,520
Speaker 8: Somewhere around five am each morning. I would escape, all

985
00:52:15,560 --> 00:52:18,560
Speaker 8: the time making sure that Graham was still asleep. After

986
00:52:18,640 --> 00:52:20,880
Speaker 8: landing on the chair where he had left his green

987
00:52:20,960 --> 00:52:24,200
Speaker 8: work pants and flannel shirt, I'd step onto the floor,

988
00:52:24,400 --> 00:52:26,640
Speaker 8: walk into the kitchen and go to the kitchen table.

989
00:52:27,120 --> 00:52:29,400
Speaker 8: Then I'd slide a chair over to the cabinet that

990
00:52:29,480 --> 00:52:32,319
Speaker 8: had the cookies in it. Since it was padlocked, I

991
00:52:32,360 --> 00:52:34,480
Speaker 8: had to climb onto the counter and reach on top

992
00:52:34,520 --> 00:52:36,400
Speaker 8: of the refrigerator so I could get the key to

993
00:52:36,440 --> 00:52:39,600
Speaker 8: open it. I remember stretching up to the top shelf

994
00:52:39,960 --> 00:52:42,160
Speaker 8: where there were bags of cookies. I took the number

995
00:52:42,200 --> 00:52:44,560
Speaker 8: of cookies I wanted, close the cabinet door, and put

996
00:52:44,560 --> 00:52:47,759
Speaker 8: the padlock back. After replacing the key on top of

997
00:52:47,800 --> 00:52:50,920
Speaker 8: the refrigerator, I would climb back down onto the kitchen

998
00:52:51,000 --> 00:52:53,520
Speaker 8: chair and from there down to the floor. Then I

999
00:52:53,520 --> 00:52:56,399
Speaker 8: would slide the chair over to the table, go back

1000
00:52:56,400 --> 00:52:59,719
Speaker 8: into my bedroom with my sleeping grandfather, climb up on

1001
00:52:59,719 --> 00:53:03,000
Speaker 8: his chin and back into the crib. I had cookies

1002
00:53:03,040 --> 00:53:05,360
Speaker 8: inside the zipper of my footy pajamas and must have

1003
00:53:05,440 --> 00:53:08,480
Speaker 8: looked like a teletubby. After eating those cookies, I'd go

1004
00:53:08,600 --> 00:53:11,839
Speaker 8: back to sleep. When William was five, he and I

1005
00:53:11,960 --> 00:53:14,960
Speaker 8: went to the baseball batting cages. He was starting to

1006
00:53:15,000 --> 00:53:18,200
Speaker 8: hit off a tee. We finished, and while I was

1007
00:53:18,239 --> 00:53:20,760
Speaker 8: paying the owner, William was over by the break area

1008
00:53:21,080 --> 00:53:23,879
Speaker 8: talking to the high school baseball players who were all

1009
00:53:23,960 --> 00:53:27,839
Speaker 8: talking to him. There's a twisting movement a beginning batter

1010
00:53:27,960 --> 00:53:31,040
Speaker 8: does with his back foot. It's called stepping on the bug.

1011
00:53:31,760 --> 00:53:34,840
Speaker 8: You have to twist your back foot and pivot your hips,

1012
00:53:35,239 --> 00:53:38,720
Speaker 8: and that's how you develop your stride. Eventually, it teaches

1013
00:53:38,760 --> 00:53:41,080
Speaker 8: a beginner to open up the hips at the right time.

1014
00:53:41,760 --> 00:53:44,960
Speaker 8: So William is talking to these teenagers about stepping on

1015
00:53:45,000 --> 00:53:48,320
Speaker 8: the bug, and I notice a camaraderie in respect between

1016
00:53:48,400 --> 00:53:50,879
Speaker 8: him and them. He's learning to be a young man

1017
00:53:50,920 --> 00:53:53,480
Speaker 8: with other young men. One of the things I like

1018
00:53:53,560 --> 00:53:56,680
Speaker 8: about going to the batting cages is meeting the type

1019
00:53:56,680 --> 00:54:00,160
Speaker 8: of kids who played baseball. It's an amazing sport and

1020
00:54:00,239 --> 00:54:04,080
Speaker 8: seems to attract good kids. The team practices, the uniforms,

1021
00:54:04,120 --> 00:54:07,480
Speaker 8: and the traditions are just so American. You know. Some

1022
00:54:07,520 --> 00:54:09,520
Speaker 8: people on the left get offended when I use the

1023
00:54:09,600 --> 00:54:13,359
Speaker 8: term so American, and they get ticked off because I

1024
00:54:13,440 --> 00:54:17,879
Speaker 8: love America and traditions like baseball. Having a son late

1025
00:54:17,920 --> 00:54:20,520
Speaker 8: in life has understandably made a big difference in how

1026
00:54:20,560 --> 00:54:24,080
Speaker 8: I think about my practice. I've changed many things in

1027
00:54:24,200 --> 00:54:27,680
Speaker 8: anticipation that William may be running the company someday. This

1028
00:54:27,800 --> 00:54:30,440
Speaker 8: means I might have to extend my horizons by practicing

1029
00:54:30,480 --> 00:54:33,520
Speaker 8: for another twenty years. Having these goals has done a

1030
00:54:33,520 --> 00:54:36,359
Speaker 8: lot for me. They inspire me to do a better

1031
00:54:36,480 --> 00:54:39,280
Speaker 8: job every day by improving upon the things that occupy

1032
00:54:39,400 --> 00:54:42,480
Speaker 8: me on a regular basis back to youth baseball. If

1033
00:54:42,520 --> 00:54:46,200
Speaker 8: William continues playing, he'll meet some great kids. As for

1034
00:54:46,239 --> 00:54:49,320
Speaker 8: his demeanor, again, it's a lot like that of my grandfather,

1035
00:54:49,400 --> 00:54:54,239
Speaker 8: Tim Murphy. William is deliberate, smart, steady, and focused. He's

1036
00:54:54,280 --> 00:54:58,719
Speaker 8: constantly moving ahead and making progress. I love it, and

1037
00:54:58,800 --> 00:55:01,960
Speaker 8: I love the spirit of those young baseball players. I'm

1038
00:55:01,960 --> 00:55:03,919
Speaker 8: glad my son gets along with them and that he'll

1039
00:55:03,960 --> 00:55:07,319
Speaker 8: be playing baseball someday. I know he'll be better than

1040
00:55:07,320 --> 00:55:10,759
Speaker 8: I was because he started early in the spring. When

1041
00:55:10,760 --> 00:55:13,560
Speaker 8: I got my baseball glove ready, there just weren't that

1042
00:55:13,680 --> 00:55:16,279
Speaker 8: many people around to play with me. Sometimes I would

1043
00:55:16,320 --> 00:55:18,840
Speaker 8: hit the ball to myself. Sometimes I would throw the

1044
00:55:18,840 --> 00:55:21,200
Speaker 8: ball against the side of a shed. I'd get old

1045
00:55:21,280 --> 00:55:23,879
Speaker 8: tennis balls and hit myself grounders. But I never really

1046
00:55:23,920 --> 00:55:26,960
Speaker 8: could play the game well. I loved it, though. I

1047
00:55:27,040 --> 00:55:29,040
Speaker 8: used to keep score and listen to the Red Sox

1048
00:55:29,080 --> 00:55:30,920
Speaker 8: games when the team went on their road trips to

1049
00:55:30,960 --> 00:55:34,200
Speaker 8: the West Coast. I remember listening to Kurt Goudie on

1050
00:55:34,239 --> 00:55:36,640
Speaker 8: the radio late at night under the bedspread with my

1051
00:55:36,719 --> 00:55:40,080
Speaker 8: dog Minnie. I would fall asleep with my transistor radio

1052
00:55:40,160 --> 00:55:43,600
Speaker 8: beneath my pillow, pencil in hand. The very next morning,

1053
00:55:43,640 --> 00:55:45,759
Speaker 8: at breakfast, I would have my cereal and talk to

1054
00:55:45,760 --> 00:55:46,800
Speaker 8: Graham about the game.

1055
00:55:47,960 --> 00:55:49,920
Speaker 3: It was a great life.

1056
00:55:51,640 --> 00:55:57,080
Speaker 4: Call Kelly Financial Services eight eight eight hundred, eighteen eighty one.

1057
00:55:57,280 --> 00:56:01,240
Speaker 5: I'm Kelly Kelly from Kelly Financial. Retirement is a time

1058
00:56:01,280 --> 00:56:04,040
Speaker 5: to enjoy the fruits of your labor, but is also

1059
00:56:04,120 --> 00:56:08,160
Speaker 5: a period when financial stability becomes more critical than ever,

1060
00:56:08,440 --> 00:56:13,600
Speaker 5: so seeking expert financial advice is essential regardless of your age.

1061
00:56:13,760 --> 00:56:18,840
Speaker 5: Professional guidance insurts your assets are allocated wisely, helping your.

1062
00:56:18,719 --> 00:56:20,680
Speaker 6: Money last as long as you need it.

1063
00:56:21,040 --> 00:56:24,400
Speaker 5: The advisors at Kelly Financial will help you take charge

1064
00:56:24,440 --> 00:56:27,960
Speaker 5: of your financial future and preserve your hard earned wealth

1065
00:56:28,080 --> 00:56:31,400
Speaker 5: to enable you to focus on the retirement you've dreamed of.

1066
00:56:31,840 --> 00:56:35,760
Speaker 5: We have a free investor guide called designing your Fiscal

1067
00:56:35,840 --> 00:56:39,520
Speaker 5: House to Weather the Elements, which highlights the steps needed

1068
00:56:39,560 --> 00:56:42,880
Speaker 5: to build a balanced portfolio for the guide, and a

1069
00:56:42,920 --> 00:56:46,719
Speaker 5: free consultation with a Kelley advisor called eight eight eight

1070
00:56:46,760 --> 00:56:48,439
Speaker 5: eight hundred eighteen eighty one.

1071
00:56:48,680 --> 00:56:52,000
Speaker 2: The preceding broadcast was paid for by Kelly Financial Services.