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Speaker 1: This is coming to us.

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Speaker 2: Ladies and gentlemen. Welcome to Safe Money Strategies on WRKO.

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Speaker 3: I'm William Kelly and it's an honor to carry on

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Speaker 3: a family legacy rooted in real world values.

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Speaker 2: And practical advice.

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Speaker 3: Kelly Financial was founded in two thousand and three by

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Speaker 3: my parents, my late father Bill Kelly and my mother

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Speaker 3: Kelly Kelly and Braintree and Burlington, Massachusetts. Just two years later,

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Speaker 3: Dad launched Safe Money Strategies on WRKO as a no

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Speaker 3: nonsense callin radio show focused on common sense planning and

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Speaker 3: protecting wealth. Over the past two decades, Dad became a

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Speaker 3: pillar in New England finance, an engineer, turn entrepreneur, author

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Speaker 3: and philanthropist who believed in giving back and walking the talk.

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Speaker 3: Since our show has remained a Saturday morning staple, offering

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Speaker 3: insight and empowerment. Here at Kelly Financial, we help steward

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Speaker 3: over eight hundred million dollars across our affiliated business, including

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Speaker 3: more than six hundred million dollars managed by our SEC

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Speaker 3: registered investment advisory. Where fiduciary care and our family first

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Speaker 3: philosophy guides us on safe money strategies. You'll hear candid

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Speaker 3: conversations with the team, my mother Kelly, myself, advisors Charlie Gable,

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Speaker 3: Mike Ducett, Greg Workman, Greg Murray, my sister Mary Madeline,

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Speaker 3: and Tom Schlager. We live by two rules, never quit

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Speaker 3: and carry on, and we're here to help you do

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Speaker 3: the same when it comes to your money. Stick around,

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Speaker 3: take notes, and join the conversation. To learn more or

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Speaker 3: get our free guides or schedule consultation, visit Kelly Financial

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Speaker 3: dot org or call us at eight eight eight eight

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Speaker 3: hundred one eight eight one. This is Safe Money Strategies.

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Speaker 3: Next up Forever Young with Kelly Kelly and myself William

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Speaker 3: Kelly Junior.

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Speaker 4: Safe Money Strategies with William Kelly and Kelly Kelly eight

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Speaker 4: 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. This

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Speaker 5: is the part of the show we call Forever Young

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Speaker 5: is where I sit down with my son, William Kelly Junior,

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Speaker 5: and we talk about life, what's going on in the world,

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Speaker 5: and our family and what really matters most when you're

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Speaker 5: planning for the future. Sometimes is light, Sometimes is thoughtful

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Speaker 5: but is always real.

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Speaker 6: Good morning William, Good morning Mom.

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Speaker 2: How are you?

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Speaker 6: I'm doing great? How about yourself?

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Speaker 2: I've been fantastic lately.

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Speaker 6: Good good. That's much better than last Saturday.

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Speaker 2: That's true.

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Speaker 3: So on bad news, I unfortunately have a four point

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Speaker 3: zero GPA.

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Speaker 2: I have a stable social life. I'm here good good.

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Speaker 6: Was good to see you.

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Speaker 3: It's very good to see you too. So my new

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Speaker 3: roommate is incredible. He's a great guy. Everything's been really

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Speaker 3: it's been a great transition. Him and my other buddy

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Speaker 3: helped me move in and everything was just flawless. So

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Speaker 3: I understand some listeners were able to relate to my

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Speaker 3: story with their children or grandchildren.

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Speaker 6: Yes, I heard a few stories.

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Speaker 3: So we were debating whether we even talk about that

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Speaker 3: last week, but honestly, it consumed my week.

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Speaker 2: I mean, what else were we going to talk about? Yet?

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Speaker 2: You know what I mean.

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Speaker 3: So the Patriots are going back to the super Bowl.

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Speaker 3: I know Dad is just jumping up and down.

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Speaker 6: He's doing the happy dance in heaven.

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Speaker 2: One hundred percent.

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Speaker 3: It's probably making his world right now. I cannot believe

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Speaker 3: that we even made it this far. We were not

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Speaker 3: even supposed to really even make it.

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Speaker 2: To the playoffs, seriously, and we just kept winning and

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Speaker 2: winning and winning, and we.

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Speaker 3: Had a couple losses. We had two losses, and not

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Speaker 3: a couple. We just had two losses and we beat

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Speaker 3: a good lineup. People are saying the teams we beat

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Speaker 3: were but the counter to that argument is that if

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Speaker 3: we won because of an easy schedule, then how come

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Speaker 3: other teams didn't make it to.

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Speaker 2: The super Bowl because of an easy schedule? Good point,

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Speaker 2: you know what I mean.

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Speaker 3: Yeah, So to say that we won because the other

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Speaker 3: teams were bad or easy is just not true. And

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Speaker 3: we won all our playoff games as well, and we

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Speaker 3: became AFC champions, which is just marvelous. And so we've

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Speaker 3: been waiting for this day. Yeah, it's been five years

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Speaker 3: of suffering. But Robert Craft did something right. So just

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Speaker 3: a little note to the Patriots. Congratulations guys, if that

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Speaker 3: means anything to the Patriots players listening right now.

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Speaker 6: So what's the vibe at school.

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Speaker 3: About that or just in general? Oh, everybody's happy. My

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Speaker 3: roommate unfortunately, and I forgive him. He's a good guy.

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Speaker 3: He's a Seattle Seahawks fan. Oh really, so I know

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Speaker 3: he's he's amped up for the Super Bowl as well.

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Speaker 2: Yeah, it's gonna be a very big day.

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Speaker 3: Yeah, So he definitely is is very happy because the

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Speaker 3: Seahawks have not been to a super Bowl.

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Speaker 2: I actually don't remember. They haven't won a super Bowl

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Speaker 2: in a long.

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Speaker 3: Time, and they don't have as many of us because

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Speaker 3: or as many I think it's been that long.

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Speaker 6: It was after Dad passed.

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Speaker 2: Well when they went back to the super Bowl.

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Speaker 3: Yeah, yeah, that's true, but I'm saying I've corrected myself

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Speaker 3: because it was the last time they won was I

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Speaker 3: think the two thousands or early twenty tens. I don't

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Speaker 3: really remember, because we played them in the Super Bowl

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Speaker 3: in twenty thirteen. Yeah, we beat them, and it was

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Speaker 3: just this marvelous pick and it was literally right in

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Speaker 3: the end zone.

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Speaker 6: And I was thinking that they went back like after

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Speaker 6: twenty seventeen.

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Speaker 2: Yeah you would think. But no.

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Speaker 3: Yeah, well, I know that he is very ecstatic about

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Speaker 3: that because this is an opportunity to get revenge in

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Speaker 3: the team who disrespected I mean disrespected them in twenty thirteen.

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Speaker 2: It was a crazy super Bowl. I remember it. I

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Speaker 2: was maybe seven years old, and I remember it. I

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Speaker 2: remember it vividly. I remember dad.

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Speaker 3: He was very gentle never stood up and shouted or

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Speaker 3: made any hands gestures towards the TV. He wasn't that

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Speaker 3: enthusiastic at all, ladies and gentlemen. It was really boring,

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Speaker 3: right and you ever, you never complained whenever you watched football.

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Speaker 6: Right, He would always say, this is my last year.

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Speaker 2: Always. It was funny.

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Speaker 3: You know, I was thinking the other day I forgot

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Speaker 3: how I used to always yell at him, not yell

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Speaker 3: at him. But your main issue with dad was the

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Speaker 3: football obsession, and how not just but.

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Speaker 2: How how the whole house would erupt in noise whenever.

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Speaker 2: And she'll hilarious kind of was actually took. He took

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Speaker 2: the games very seriously.

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Speaker 6: Oh oh yes he did.

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Speaker 2: Oh man, so good times.

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Speaker 5: Well, William, I'm looking at you. I haven't seen you

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Speaker 5: in a week, and you're slimming down.

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Speaker 2: I am your arms are.

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Speaker 6: Not slimming down.

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Speaker 5: They are still huge. Oh my gosh, your arms are huge.

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Speaker 5: Thank you, But no, you're you're tummy has gone down.

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Speaker 3: I'm walking a lot and the dining hall food is

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Speaker 3: not as edible as the home food.

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Speaker 6: Are you still leading their cod? Like three times a week?

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Speaker 3: I'm trying to eat whatever they feed me. Yeah, yeah,

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Speaker 3: they don't serve the same thing every day.

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Speaker 6: Okay, but the fish is still good.

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Speaker 2: The fish is all right, It's fine.

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Speaker 3: I have to get like a drink to chase it

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Speaker 3: though they already eat it in quantities. So I'm trying

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Speaker 3: to upkeep with my strength and you know, keep all

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Speaker 3: that in order. But yeah, I definitely feel like I'm

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Speaker 3: losing fat, which I mean, that's not a negative thing.

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Speaker 3: As long as I don't get you know, i'll lose

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Speaker 3: a lot of weight dramatically, then I should be fine.

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Speaker 5: Yeah.

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Speaker 6: Well, I mean you knew you were gonna.

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Speaker 2: Have to deal with this, that's right.

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Speaker 3: So for those who don't know, ladies and gentlemen, I'm

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Speaker 3: a powerlifter and in my sport, if you lose a

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Speaker 3: lot of weight really fast, you lose a lot of strength.

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Speaker 3: So I'm currently in a muscle building phase, so I

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Speaker 3: need to make sure the eating is good enough where

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Speaker 3: I keep building muscle.

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Speaker 2: So that's the main goal.

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Speaker 3: But other than that, I got my first parking ticket

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Speaker 3: will Young. I did, and you know what, I challenged it.

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Speaker 3: So there's nothing in ESCRA. I don't know if it

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Speaker 3: got absolved. What did they charge it was seventy five dollars.

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Speaker 6: Will Yung.

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Speaker 2: It was, and I'll tell you what happened.

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Speaker 6: Oh my gosh, I do.

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Speaker 2: It was snowy.

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Speaker 3: It was brutal, and we're trying to find parking, and

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Speaker 3: so I park in the lot and I see this

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Speaker 3: little area by the lamp.

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Speaker 2: Post where they were tire tracks. So I'm thinking, Okay,

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Speaker 2: someone parked here, I'll park here. Yeah, I wasn't obstructing anybody.

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Speaker 2: People can get by this time.

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Speaker 6: It's hard to tell when there's so much snow.

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Speaker 2: There really is. And so I parked there, and my

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Speaker 2: friend and.

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Speaker 6: I want a lot you were supposed to be in.

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Speaker 2: Yeah, And so i'm parking.

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Speaker 3: I'm going back there, and I'm walking with my friend

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Speaker 3: and we see the ticket. And so there's a little

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Speaker 3: note in my handle, which I proudly displayed on my

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Speaker 3: dash as a badge of honor.

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Speaker 2: I said, learn how to park.

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Speaker 3: And then another word in there, exclamation point three times

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Speaker 3: on a napkin, and then a DPS left a very

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Speaker 3: nice seventy five dollars ticket on my windshield.

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Speaker 2: Who left that, I'm assuming DPS. I'm assuming.

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Speaker 3: So in my appeal note, I wrote that they left

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Speaker 3: that note, and then I also noted that, you know,

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Speaker 3: my friend and I witnessed cars drive behind me and

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Speaker 3: you know, across a lot perfectly fine. And the ticket

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Speaker 3: was for obstruction and I was not obstructing anybody, and so.

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Speaker 2: I wasn't in a fire zone. There was no fire hydrant.

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Speaker 2: You couldn't even tell as a giant now on the front.

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Speaker 3: I called the burser office and they said, you have

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Speaker 3: no nothing due.

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Speaker 6: So I was like, Okay, maybe it just hasn't been processed.

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Speaker 2: Maybe I don't know. I mean, I put no, it

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Speaker 2: had been processed. I got the notification and everything.

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Speaker 3: It was in my like tickets list, but DPS and

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Speaker 3: I appeeled it because I don't think I was doing

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Speaker 3: anything wrong, not knowingly.

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Speaker 2: I mean, next time, I'll certainly be more vigilant.

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Speaker 3: But the reason I parked in that spot I found

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Speaker 3: this other spot and these two cars were parked like these. Yeah,

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Speaker 3: you couldn't fit in it, and they were taking up

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Speaker 3: like one park perfectly good parking spot, because they're bad.

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Speaker 2: Some of the worst parkers in the world. At my college,

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Speaker 2: ladies and gentlemen, some terrible parkers over there. It is everywhere,

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Speaker 2: it is. I know, it's funny.

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Speaker 6: It's everywhere.

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Speaker 5: Yeah, well I know, so I'm wondering when that was

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Speaker 5: common me too.

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Speaker 6: Seventy five dollars.

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Speaker 2: I couldn't believe it, nor could my friend, my roommate.

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Speaker 2: Is that normal? I guess I was shocked.

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Speaker 5: I'm like, we used to get parking tickets at my college.

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Speaker 5: I mean you were talking this forty years ago. But

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Speaker 5: and we all would get them here and there because

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Speaker 5: it was so spread out, you know, the parking. Oh,

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Speaker 5: but the tickets were not much.

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Speaker 3: No, so we would think like thirty to fifty dollars

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Speaker 3: even that's still expensive, but like you think that would

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Speaker 3: be like a stable parking.

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Speaker 2: Tippy seventy five. We couldn't believe it.

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Speaker 3: So anyways, other than the parking troubles and us going

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Speaker 3: to the Super Bowl and my new great roommate, life

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Speaker 3: has been great.

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Speaker 2: Yeah. It's good to see the pets again.

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Speaker 6: Yeah.

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Speaker 2: Back in the office with you.

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Speaker 5: Yeah, absolutely absolutely, And I've made it through two more

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Speaker 5: sessions with missus.

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Speaker 2: Oh beautiful. He tell us a little bit about that.

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Speaker 6: Oh she is not easy.

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Speaker 5: I mean I am shot when I leave there, William,

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Speaker 5: I mean beyond shot.

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Speaker 6: She tells me that I'm doing great. She says, you're

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Speaker 6: a rock star. I'm they gonna don't feel like a

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Speaker 6: rock store one day at a time. I'm getting there good.

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Speaker 6: I'm feeling good. I'm feeling stronger.

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Speaker 5: I am.

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Speaker 2: You will notice it like a month, You'll be in months,

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Speaker 2: you'll be like.

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Speaker 6: But she said, she said, William is so sweet.

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Speaker 5: When you got the gift certificate for me, she said

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Speaker 5: that you had you were teared up, and you said,

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Speaker 5: this is going to save my mother's life, she said,

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Speaker 5: and he meant it.

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Speaker 6: I said, I knew, I I know I or I

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Speaker 6: knew I had no.

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Speaker 2: Choice, no option.

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Speaker 6: Yeah, getting I knew I had to.

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Speaker 2: Like well, it's also your character too. You embraced it

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Speaker 2: and you decided to do the work. So yeah, I

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Speaker 2: know that. Yeah, you could have said no. A lot

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Speaker 2: of people say no. A lot of people don't want

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Speaker 2: to do it.

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Speaker 5: Yeah, but when I do something, I want to I

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Speaker 5: want to focus and I don't want to do anything halfway.

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Speaker 6: And I just did.

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Speaker 5: I honestly didn't have time, and so I'm making the

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Speaker 5: time now and it'll be and it'll just be part

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Speaker 5: of my routine. Well, you know, but I knew in

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Speaker 5: the beginning, it was going to take even more effort,

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Speaker 5: you know, especially with the nutrition, even though I eat clean.

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Speaker 5: It's just I really I was not getting enough protein.

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Speaker 2: I see that.

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Speaker 5: I was not like I was getting half of what

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Speaker 5: I needed, maybe maybe.

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Speaker 2: Not even half exactly.

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Speaker 3: I knew it, yeah, I tell you, But like obviously

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Speaker 3: you don't know until you, yeah, on a proper meal plan,

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Speaker 3: You're like, wow, protein is a lot.

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Speaker 7: Yeah.

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Speaker 2: Yeah, you go to eat a lot of it.

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Speaker 6: Yeah, yeah, but but no, that part's working out.

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Speaker 2: Well, good, all right, I'm happy.

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Speaker 6: Good deal.

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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. Mike do Said and

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Speaker 5: Greg Workman will explain why retirement isn't just about what

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Speaker 5: you make. It's about how much you actually get to

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Speaker 5: keep and how smart tax planning can help you hold

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Speaker 5: on to more of it.

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Speaker 6: Mary Madeline Kelly and Greg Murray.

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Speaker 5: Will discuss why financials stress isn't necessarily how much you make.

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Speaker 5: It's about clarity, confidence, and having a plan.

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Speaker 6: When William and I return, we'll talk.

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Speaker 5: About the ideas behind his book Only the Good invest

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Speaker 5: Young and how young adults can start building confidence from

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Speaker 5: the inside out, and of course we'll close the hour

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Speaker 5: with some wit and wisdom from the late Bill Kelly.

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Speaker 5: His words continue to inspire and guide us. That's a

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Speaker 5: wrap for forever. Young thank you for listening, and William,

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Speaker 5: thank you for joining me.

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Speaker 6: We'll be back with more great content. I love you, honey.

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Speaker 2: We'll do all right.

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Speaker 1: Listen to this because this hits close to home for

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Speaker 1: a lot of you. If you're part of the Sandwich generation,

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Speaker 1: you already know what that really means.

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Speaker 2: You've got kids who.

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Speaker 1: Still need help, parents who are starting to need help

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Speaker 1: as well. You may be earning more than you did

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Speaker 1: years ago, but you're also carrying a lot more responsibility

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Speaker 1: college costs, healthcare, supporting family quiet. The taxes can take

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Speaker 1: a bigger bite than many people expect, because here's the truth.

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Speaker 1: Taxes aren't just about what brackets you're in. They're about

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Speaker 1: where your money is sitting, how it gets taxed when

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Speaker 1: life changes, and life changes fast. That's why Kelly Financial

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Speaker 1: has put together an educational investor guide. It's called Tax

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Speaker 1: Strategies for Retirement Buckets create tax Choices. It explains in

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Speaker 1: plain English how different tax buckets work, why flexibility matters

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Speaker 1: when you're retiring, family needs, caregiving overlap. It's what you

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Speaker 1: need now get a complementary copy. It's free. Call eight

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Speaker 1: eight eight eight hundred eighteen eighty one 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 Kelly at Kelly Financial Org, or.

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Speaker 8: Welcome back to Safe Money Strategies. I'm like du Sat

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Speaker 8: and as always I'm joined by Greg Workman, investment advisor

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Speaker 8: here at Kelly Financial.

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Speaker 2: Greg.

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Speaker 8: Over the last couple of weeks, we've covered two huge

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Speaker 8: retirement topics. First what retirement actually costs, and then where

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Speaker 8: retirement income comes from.

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Speaker 7: That's where Mike we talked about expenses, which ones go away,

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Speaker 7: which ones increase, and the new ones that people don't

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Speaker 7: always see coming. Then last week we walked through some

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Speaker 7: common income sources like social Security, pensions and investment income.

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Speaker 8: And today feels like the natural next step.

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Speaker 7: It really is, because once you understand what retirement costs

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Speaker 7: and where the income comes from, the next logical question

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Speaker 7: is the one that most people don't think to ask

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Speaker 7: until it's already affecting them. How much of that income

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Speaker 7: do I actually get to keep?

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Speaker 2: Exactly? Today's show is titled It's Not What You make.

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Speaker 2: It's what you keep.

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Speaker 8: And we're talking about taxes in retirement, the part of

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Speaker 8: retirement planning that quietly trips people up.

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Speaker 7: One of the biggest misconceptions we hear is I will

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Speaker 7: be in a lower tax bracket when I retire. And

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Speaker 7: sometimes that is true, but oftentimes it isn't.

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Speaker 8: And that surprises people. They think retirement equals fewer taxes.

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Speaker 7: Right, But retirement income often comes from multiple sources, each

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Speaker 7: taxed differently. Social Security might be partially taxable, pensions are

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Speaker 7: usually fully taxable. IRA withdrawals are taxed. Is ordinary income,

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Speaker 7: and when you start stacking those on top of each other,

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Speaker 7: suddenly your tax bill doesn't feel so small.

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Speaker 8: And that's before we even talk about required minimum distributions exactly.

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Speaker 7: Once urmds kick in, the IRS decides how much income

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Speaker 7: you have to take, whether you need it or not.

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Speaker 7: That can push people into higher tax brackets later in retirement,

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Speaker 7: even if their life's hasn't changed, and for many retirees

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Speaker 7: that happens at a stage in life when flexibility is

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Speaker 7: actually shrinking, not expanding.

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Speaker 8: One thing we emphasize with clients is the difference between

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Speaker 8: gross income and spendable income.

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Speaker 7: That is such an important distinction. Two retirees can both

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Speaker 7: say that we make one hundred thousand dollars a year,

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Speaker 7: but one may be keeping far less than the other

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Speaker 7: after taxes, medicare premiums, and other deductions.

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Speaker 8: And this is where retirement planning starts to feel unintuitive.

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Speaker 8: During working years, taxes are fairly predictable, withholding payroll taxes,

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Speaker 8: maybe a refund or a balance due. In retirement, it's

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Speaker 8: no longer automatic.

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Speaker 7: Right now, you control the levers, but only if you

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Speaker 7: understand how they work. Without that understanding, today's retirees often

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Speaker 7: feel like they're doing the right thing while unknowingly creating inefficiencies.

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Speaker 8: Let's walk through a hypothetical client example. This is not

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Speaker 8: an actual client, but a scenario we see often good idea.

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Speaker 7: So imagine a married couple both retired. They're receiving Social Security.

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Speaker 7: One spouse has a modest pension, and they are supplementing

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Speaker 7: their income with IRA withdrawals.

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Speaker 8: On paper, everything looks reasonable. They're not overspending, they're not

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Speaker 8: taking extravagant trips. They're living what most people would consider

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Speaker 8: a comfortable but conservative retirement.

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Speaker 7: But here's what happens. Their IRA withdrawals combined with the

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Speaker 7: pension cause more of their Social Security to become taxable.

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Speaker 7: That pushes their adjusted gross income higher than they expected.

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Speaker 8: And that higher income triggers something else. Many retirees don't

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Speaker 8: anticipate higher Medicare premiums exactly.

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Speaker 7: Medicare IRMA surcharges are income based, so now they're paying

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Speaker 7: more for Medicare, not because they are health changed, but

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Speaker 7: because their income crossed a threshold that they didn't know existed.

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Speaker 7: Once those surcharges apply, they tend to linger longer than

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Speaker 7: people expect.

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Speaker 8: So even though their lifestyle hasn't changed, their net paycheck

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Speaker 8: has gone down.

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Speaker 7: And that's the moment when retires say something doesn't feel right.

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Speaker 8: Part of the problem is that retirement taxes don't show

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Speaker 8: up all at once.

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Speaker 7: They creep in one year it's a little more tax

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Speaker 7: on Social Security, the next year it's higher Medicare premiums.

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Speaker 7: Then r and ds start, and suddenly income jumps once again.

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Speaker 8: And because most people are making decisions year by year,

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Speaker 8: they don't see the long term impact. They're reacting instead

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Speaker 8: of planning.

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Speaker 7: That's a key point. Taxes and retirement aren't just about

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Speaker 7: this year. They're about today's decisions. And how they affect

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Speaker 7: the next ten, twenty, or even thirty years.

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Speaker 8: A lot of retirees tell us I only take what

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Speaker 8: I need for my accounts.

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Speaker 7: Which sounds responsible, but it can actually create some problems.

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Speaker 7: If all your withdrawals are coming from tax deferred accounts,

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Speaker 7: then every dollar you take adds to your taxable income.

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Speaker 8: And that can limit flexibility later.

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Speaker 7: Exactly, it can reduce options, increase taxes down the road,

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Speaker 7: and create those surprise bikes that feel completely avoidable because

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Speaker 7: they often are with the right planning approach.

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Speaker 8: This is where planning really separates itself from guessing.

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Speaker 7: A written plan doesn't just say here's your income. It

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Speaker 7: shows where that income should come from and when to

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Speaker 7: take it and how it impacts taxes over time.

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Speaker 2: And that's what most people are missing coordination.

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Speaker 7: They have income sources, but they don't have an income strategy.

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Speaker 8: When we come back after the break, we're going to

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Speaker 8: talk about how retirees can take more control over when

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Speaker 8: they pay taxes and why that can make retirement not

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Speaker 8: only more efficient, but far less stressful, because.

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Speaker 7: Taxes are one of the few retirement risks you can

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Speaker 7: actually plan around if you do it early enough.

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Speaker 8: Stay with us you're listening to safe money Strategies.

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

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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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00:21:18,160 --> 00:21:21,640
Speaker 5: Plan Your Future explains what a fiduciary is and will

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00:21:21,680 --> 00:21:25,399
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 eighteen

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

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Speaker 6: We're Kelly Financial. Come retire with us.

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Speaker 9: I'm John Boudris, and welcome to a new edition of

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Speaker 9: Kelly Financial's What would Bill Say? The wit and wisdom

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Speaker 9: of the late Bill Kelly, who today tests time time.

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Speaker 10: You don't have as much left today as you had yesterday.

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00:21:50,400 --> 00:21:53,479
Speaker 10: The rule of science. When's the best time to plant

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00:21:53,520 --> 00:21:56,920
Speaker 10: a tree twenty years ago? When's the second best time

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Speaker 10: to plant a tree? Tomorrow? Today? Whenever you can get

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00:22:00,520 --> 00:22:02,040
Speaker 10: to it, that's the next best time.

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Speaker 9: There's no time like the present to begin saving, planning,

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Speaker 9: and enjoying retirement. So download our consumer guide simply called

445
00:22:11,080 --> 00:22:15,119
Speaker 9: a Happy retirement and find six secrets of how you

446
00:22:15,200 --> 00:22:19,120
Speaker 9: can spend your time to cultivate happiness and a retirement

447
00:22:19,320 --> 00:22:22,960
Speaker 9: well lived. Go to Kellyfinancial dot org or call eight

448
00:22:23,000 --> 00:22:25,800
Speaker 9: eight eight eight hundred eighteen eighty one to spend some

449
00:22:25,960 --> 00:22:28,240
Speaker 9: time with one of our financial advisors.

450
00:22:28,560 --> 00:22:30,880
Speaker 10: Time, ladies and gentlemen, it's not too late.

451
00:22:31,119 --> 00:22:34,280
Speaker 9: We are Kelly Financial. Come retire with us.

452
00:22:36,080 --> 00:22:40,320
Speaker 4: The Money Wrap with Kelly Financial Advisors Greg Murray and

453
00:22:40,400 --> 00:22:42,160
Speaker 4: Mary Madeline Kerry.

454
00:22:42,960 --> 00:22:45,960
Speaker 11: Hello, this is Greg Murray, Senior Vice president and Chief

455
00:22:46,040 --> 00:22:49,320
Speaker 11: Confiance Officer at Kelly Financial Services. Joining me today is

456
00:22:49,440 --> 00:22:51,879
Speaker 11: Mary Madeline Kelly, one of our wealth advisors. How are

457
00:22:51,960 --> 00:22:52,560
Speaker 11: you doing today?

458
00:22:52,600 --> 00:22:55,680
Speaker 12: I'm doing great, Greg, and I have to say I

459
00:22:55,720 --> 00:22:59,240
Speaker 12: am very happy that January is finally over. It always

460
00:22:59,240 --> 00:23:01,280
Speaker 12: feels like the law Loungust month of the year. You

461
00:23:01,320 --> 00:23:05,320
Speaker 12: come off the holidays, it's cold, dark, and somehow January

462
00:23:05,359 --> 00:23:06,879
Speaker 12: lasts about forty seven days.

463
00:23:06,960 --> 00:23:10,400
Speaker 11: It really does. January feels like a marathon. No water stops.

464
00:23:10,680 --> 00:23:13,280
Speaker 11: Once February hits, it finally feels like there's a little

465
00:23:13,359 --> 00:23:15,280
Speaker 11: light at the end of the tunnel, even if winter

466
00:23:15,400 --> 00:23:16,320
Speaker 11: isn't quite done.

467
00:23:16,080 --> 00:23:16,680
Speaker 2: With us yet.

468
00:23:16,720 --> 00:23:20,120
Speaker 12: And now that January is finally over. This is usually

469
00:23:20,200 --> 00:23:23,919
Speaker 12: when people stop making resolutions and start realizing what actually

470
00:23:23,960 --> 00:23:26,040
Speaker 12: is weighing on them financially exactly.

471
00:23:26,200 --> 00:23:28,879
Speaker 11: And that's why today we're talking about why financial stress

472
00:23:28,960 --> 00:23:31,919
Speaker 11: isn't about income. It's about understanding your money and feeling

473
00:23:31,960 --> 00:23:33,439
Speaker 11: confident about where you're heading.

474
00:23:33,640 --> 00:23:36,080
Speaker 12: Yes, because a lot of people assume that once they

475
00:23:36,119 --> 00:23:39,560
Speaker 12: make enough money the stress will go away. But in reality,

476
00:23:39,720 --> 00:23:42,520
Speaker 12: we see plenty of high earners who are incredibly anxious

477
00:23:42,560 --> 00:23:45,840
Speaker 12: about their finances and plenty of people with more modest

478
00:23:45,880 --> 00:23:48,360
Speaker 12: incomes who feel calm and confident exactly.

479
00:23:48,520 --> 00:23:51,040
Speaker 11: Income matters, of course, but it's not the deciding factor

480
00:23:51,080 --> 00:23:52,840
Speaker 11: when it comes to financial peace of mind.

481
00:23:53,080 --> 00:23:57,359
Speaker 12: Financial stress usually comes from uncertainty, not income. Not knowing

482
00:23:57,359 --> 00:23:59,960
Speaker 12: where your money is going, not knowing if you're on track,

483
00:24:00,400 --> 00:24:03,160
Speaker 12: or not knowing what would happen if something unexpected came up.

484
00:24:03,320 --> 00:24:06,560
Speaker 11: And that uncertainty can exist at any income level. Someone

485
00:24:06,600 --> 00:24:09,240
Speaker 11: making seventy five thousand dollars a year with a clear

486
00:24:09,320 --> 00:24:12,000
Speaker 11: plan may feel far less stressed than someone making three

487
00:24:12,080 --> 00:24:16,040
Speaker 11: hundred thousand dollars who's juggling debt, taxes, and lifestyle inflation.

488
00:24:16,280 --> 00:24:18,560
Speaker 12: We see that all the time stress shows up when

489
00:24:18,600 --> 00:24:22,200
Speaker 12: money feels reactive instead of intentional, when decisions are made

490
00:24:22,280 --> 00:24:24,320
Speaker 12: on the fly instead of within a plan.

491
00:24:24,560 --> 00:24:28,800
Speaker 11: Another big contributor to financial stress is complexity. As income grows,

492
00:24:28,840 --> 00:24:33,680
Speaker 11: finances often become more complicated. Multiple accounts, stock compensation, taxes,

493
00:24:33,760 --> 00:24:36,080
Speaker 11: business income, rental properties, et cetera.

494
00:24:36,320 --> 00:24:40,600
Speaker 12: Yes, and complexity without organization creates anxiety. People start to

495
00:24:40,600 --> 00:24:43,320
Speaker 12: feel like they should understand everything, but they don't have

496
00:24:43,400 --> 00:24:45,280
Speaker 12: the time or clarity to manage it all.

497
00:24:45,400 --> 00:24:46,719
Speaker 2: That's when avoidance kicks in.

498
00:24:46,800 --> 00:24:50,560
Speaker 11: People stop opening statements, stop checking balances, and hope everything

499
00:24:50,600 --> 00:24:51,560
Speaker 11: is just fine.

500
00:24:51,480 --> 00:24:55,119
Speaker 12: And that avoidance actually increases stress. It's like knowing something

501
00:24:55,160 --> 00:24:57,600
Speaker 12: is wrong but not wanting to look. It's always in

502
00:24:57,640 --> 00:24:58,240
Speaker 12: the background.

503
00:24:58,440 --> 00:25:01,639
Speaker 11: Another major factor is cash. People often focus on how

504
00:25:01,720 --> 00:25:04,040
Speaker 11: much they aren't, but what really matters is how much

505
00:25:04,040 --> 00:25:06,080
Speaker 11: flexibility they have month to month.

506
00:25:06,280 --> 00:25:10,119
Speaker 12: Exactly, if your expenses rise right alongside your income, you

507
00:25:10,200 --> 00:25:12,879
Speaker 12: never feel ahead. You might earn more than ever, but

508
00:25:12,960 --> 00:25:13,840
Speaker 12: still feel stock.

509
00:25:14,000 --> 00:25:17,520
Speaker 11: And that's where lifestyle inflation quietly sneaks in. Bigger homes,

510
00:25:17,640 --> 00:25:20,760
Speaker 11: nicer cars, more travel. None of those things are bad,

511
00:25:20,840 --> 00:25:22,840
Speaker 11: but without structure, they can create pressure.

512
00:25:23,040 --> 00:25:25,640
Speaker 12: So one of the biggest lessons here is that financial

513
00:25:25,680 --> 00:25:28,600
Speaker 12: stress often comes from lack of clarity, not lack.

514
00:25:28,440 --> 00:25:30,919
Speaker 11: Of money, clarity around where your money is going, what

515
00:25:31,000 --> 00:25:33,160
Speaker 11: it's for, and what it needs to accomplish.

516
00:25:33,320 --> 00:25:36,280
Speaker 12: And once people have that clarity, we see a huge shift.

517
00:25:36,480 --> 00:25:38,840
Speaker 12: They may not change their income at all, but their

518
00:25:38,840 --> 00:25:42,760
Speaker 12: stress levels drop because they finally understand their situation.

519
00:25:42,640 --> 00:25:45,840
Speaker 11: Stock about retirement for a moment. Financial stress is especially

520
00:25:45,840 --> 00:25:49,360
Speaker 11: common among people nearing retirement, even those who have saved well.

521
00:25:49,280 --> 00:25:52,280
Speaker 12: Because the question shifts from am I saving enough? To

522
00:25:52,680 --> 00:25:56,080
Speaker 12: will this actually last? Without a clear income plan, that

523
00:25:56,160 --> 00:25:58,000
Speaker 12: uncertainty can be overwhelming.

524
00:25:58,200 --> 00:26:00,960
Speaker 2: And again, the stress doesn't come from the balance itself.

525
00:26:01,040 --> 00:26:03,359
Speaker 11: It comes from not knowing how to turn that balance

526
00:26:03,400 --> 00:26:04,960
Speaker 11: into a paycheck exactly.

527
00:26:05,160 --> 00:26:07,679
Speaker 12: And when people see how their money supports their lifestyle

528
00:26:08,000 --> 00:26:10,280
Speaker 12: month by month, confidence replaces fear.

529
00:26:10,440 --> 00:26:12,760
Speaker 11: So how do people reduce financial stress if it's not

530
00:26:12,800 --> 00:26:13,439
Speaker 11: about income?

531
00:26:13,640 --> 00:26:16,199
Speaker 12: It comes down to a few key things. Having a

532
00:26:16,200 --> 00:26:19,679
Speaker 12: clear plan, understanding cash flow, knowing your risks and how

533
00:26:19,680 --> 00:26:23,440
Speaker 12: they're managed, feeling prepared for the unexpected, and having someone

534
00:26:23,520 --> 00:26:24,520
Speaker 12: to talk things through.

535
00:26:24,359 --> 00:26:26,960
Speaker 11: With perfect summary. And we should always remind listeners that

536
00:26:27,040 --> 00:26:30,520
Speaker 11: investing involves risk, including the potential loss of principle and

537
00:26:30,600 --> 00:26:33,480
Speaker 11: no plan can eliminate uncertainty entirely.

538
00:26:33,280 --> 00:26:37,000
Speaker 12: Absolutely, but a good plan helps you manage uncertainty instead

539
00:26:37,040 --> 00:26:38,120
Speaker 12: of being controlled by it.

540
00:26:38,200 --> 00:26:40,200
Speaker 2: And that's where we can help. At Kelly Financial.

541
00:26:40,240 --> 00:26:42,480
Speaker 11: Our goal isn't just to help people grow their money,

542
00:26:42,560 --> 00:26:44,600
Speaker 11: it's to help them feel confident and in.

543
00:26:44,520 --> 00:26:47,639
Speaker 12: Control because financial peace of mind doesn't come from a

544
00:26:47,720 --> 00:26:50,600
Speaker 12: number on a page. It comes from understanding your options

545
00:26:50,640 --> 00:26:52,960
Speaker 12: and knowing that you have a plan. Well said, that's

546
00:26:53,000 --> 00:26:55,320
Speaker 12: going to wrap things up today. If financial stress has

547
00:26:55,359 --> 00:26:57,639
Speaker 12: been weighing on you, regardless of your income, give us

548
00:26:57,680 --> 00:27:01,560
Speaker 12: a call. We'd be happy to talk through your situation definitely. Well, Greg,

549
00:27:01,640 --> 00:27:04,119
Speaker 12: thanks for your time and I'll see you next week.

550
00:27:04,320 --> 00:27:07,240
Speaker 4: To get in touch with Greg Murray or Mary Madeline

551
00:27:07,320 --> 00:27:10,840
Speaker 4: Kelly or any member of the Kelly Financial team, call

552
00:27:11,040 --> 00:27:17,919
Speaker 4: eight A eight eight hundred eighteen eighty one. Safe Money

553
00:27:17,960 --> 00:27:22,280
Speaker 4: Strategies with William Kelly and Kelly Kelly. Call the team

554
00:27:22,359 --> 00:27:31,840
Speaker 4: on eight eight eight hundred eighteen eighty one.

555
00:27:26,640 --> 00:27:36,320
Speaker 5: Than welcome back to say Funny Strategies. I'm Kelly Kelly

556
00:27:36,560 --> 00:27:41,400
Speaker 5: and as always I'm joined by my son, William Kelly Junior.

557
00:27:42,200 --> 00:27:45,359
Speaker 5: If you've been with us earlier in the hour. You know,

558
00:27:45,520 --> 00:27:49,800
Speaker 5: we've been talking about the next generation. This part of

559
00:27:49,840 --> 00:27:53,520
Speaker 5: the conversation is based on William's book Only the Good

560
00:27:53,520 --> 00:27:57,360
Speaker 5: invest Young, and today we're focusing on one big idea.

561
00:27:58,040 --> 00:28:02,840
Speaker 5: Starting early matters, but not because anyone needs to time

562
00:28:02,920 --> 00:28:08,320
Speaker 5: anything perfectly. It matters because time gives you options, and

563
00:28:08,480 --> 00:28:11,480
Speaker 5: perspective helps you use those options.

564
00:28:11,560 --> 00:28:13,240
Speaker 2: Well, that's exactly it.

565
00:28:13,720 --> 00:28:15,720
Speaker 3: When I was writing the book, I kept thinking about

566
00:28:15,760 --> 00:28:18,920
Speaker 3: how many people my age feel stuck, not because they're lazy,

567
00:28:19,080 --> 00:28:21,399
Speaker 3: not because they aren't intelligent. A lot of them are

568
00:28:21,440 --> 00:28:24,560
Speaker 3: very driven, but because they don't have a framework. They

569
00:28:24,560 --> 00:28:27,320
Speaker 3: don't have a calm, seaty way to think through money decisions.

570
00:28:27,520 --> 00:28:31,639
Speaker 5: And I want to say this clearly, most young adults

571
00:28:31,800 --> 00:28:35,760
Speaker 5: are not looking for a shortcut. They're looking for clarity.

572
00:28:36,040 --> 00:28:39,120
Speaker 5: They want to feel confident, they want to feel like

573
00:28:39,200 --> 00:28:43,560
Speaker 5: they're making reasonable decisions. But when you open your phone

574
00:28:43,640 --> 00:28:48,120
Speaker 5: and see a thousand options and headlines and hot takes,

575
00:28:48,640 --> 00:28:52,920
Speaker 5: it can feel like you're already behind. So either you

576
00:28:53,000 --> 00:28:56,240
Speaker 5: do nothing or you do something fast just to feel

577
00:28:56,240 --> 00:28:57,320
Speaker 5: like you're doing something.

578
00:28:57,560 --> 00:29:01,640
Speaker 3: And that's where perspective helps. Becausepectvetive slows you down in

579
00:29:01,640 --> 00:29:04,080
Speaker 3: a good way. It helps you separate what's urgent from

580
00:29:04,120 --> 00:29:07,040
Speaker 3: what's important, and it helps you remember that building wealth

581
00:29:07,120 --> 00:29:10,560
Speaker 3: usually looks pretty boring day to day. It's small decisions

582
00:29:10,680 --> 00:29:12,480
Speaker 3: repeated consistently over time.

583
00:29:12,760 --> 00:29:16,600
Speaker 5: Right, So we're not here to hype anything up. We're

584
00:29:16,680 --> 00:29:21,480
Speaker 5: talking about building a mindset that supports thoughtful, long term

585
00:29:21,520 --> 00:29:28,920
Speaker 5: decision making, and that's something families can actually talk about together, parents, grandparents,

586
00:29:29,160 --> 00:29:33,959
Speaker 5: and young adults using the same language. Now, one of

587
00:29:34,000 --> 00:29:39,160
Speaker 5: the biggest hurdles for newer investors is volatility. If you

588
00:29:39,320 --> 00:29:43,240
Speaker 5: haven't lived through market cycles, a downturn can feel like

589
00:29:43,280 --> 00:29:48,080
Speaker 5: it's going to last forever, and even seasoned investors can

590
00:29:48,120 --> 00:29:51,240
Speaker 5: fill that emotional pool when the news is loud.

591
00:29:51,640 --> 00:29:54,400
Speaker 3: Yes, And what's tricky is that volatility can make people

592
00:29:54,480 --> 00:29:57,920
Speaker 3: feel like they have to respond immediately, But in many cases,

593
00:29:58,040 --> 00:30:01,080
Speaker 3: the most helpful response is actually to and reincher your

594
00:30:01,160 --> 00:30:04,600
Speaker 3: long term purpose. Because markets have always moved in cycles,

595
00:30:04,720 --> 00:30:07,840
Speaker 3: that's not new. What tends to cause long term damage

596
00:30:07,880 --> 00:30:10,560
Speaker 3: isn't the movement, it's how people react to the movement.

597
00:30:10,920 --> 00:30:14,960
Speaker 5: That's why we encourage people to focus on process. A

598
00:30:15,040 --> 00:30:18,760
Speaker 5: steady process can help reduce the temptation to react to

599
00:30:18,800 --> 00:30:22,120
Speaker 5: a headline or a scary week or a scary month.

600
00:30:22,720 --> 00:30:26,040
Speaker 5: Long term thinking is a skill, and like any skill,

601
00:30:26,200 --> 00:30:28,120
Speaker 5: it gets better with repetition.

602
00:30:28,640 --> 00:30:30,440
Speaker 3: This is one of the biggest themes in the book.

603
00:30:30,640 --> 00:30:34,760
Speaker 3: Discipline beats panic, and discipline doesn't mean you never feel nervous.

604
00:30:35,040 --> 00:30:37,000
Speaker 3: It means you notice the emotion and that you don't

605
00:30:37,080 --> 00:30:39,160
Speaker 3: let it drive the decision exactly.

606
00:30:39,480 --> 00:30:41,160
Speaker 6: Perfection isn't the goal.

607
00:30:41,440 --> 00:30:46,880
Speaker 5: Consistency is the goal because when people get emotional, sometimes

608
00:30:46,920 --> 00:30:50,440
Speaker 5: they sell when they're scared, or they chase something when

609
00:30:50,480 --> 00:30:55,840
Speaker 5: they're excited, and over time those emotional decisions can quietly

610
00:30:55,960 --> 00:30:59,840
Speaker 5: work against them. So discipline is really about protecting you

611
00:31:00,040 --> 00:31:04,560
Speaker 5: your own long term intentions from short term pressure, and

612
00:31:04,600 --> 00:31:07,520
Speaker 5: it's also about giving yourself permission to be a beginner.

613
00:31:07,960 --> 00:31:10,040
Speaker 3: A lot of young investors feel like they're supposed to

614
00:31:10,040 --> 00:31:12,520
Speaker 3: know everything right away, but learning takes time.

615
00:31:12,760 --> 00:31:15,520
Speaker 2: The goal is steady improvement, not instant expertise.

616
00:31:16,000 --> 00:31:20,360
Speaker 5: Another point we want to make, especially for younger investors,

617
00:31:20,680 --> 00:31:26,120
Speaker 5: is the difference between investing and speculation, because online it

618
00:31:26,360 --> 00:31:27,920
Speaker 5: all gets blended together.

619
00:31:28,520 --> 00:31:32,200
Speaker 3: Yes, speculation is usually about short term price movement, hoping

620
00:31:32,200 --> 00:31:33,720
Speaker 3: to buy low and sell high quickly.

621
00:31:34,280 --> 00:31:35,440
Speaker 2: Investing is different.

622
00:31:35,600 --> 00:31:39,960
Speaker 3: Investing is about participating in long term value creation, owning

623
00:31:40,000 --> 00:31:43,280
Speaker 3: pieces of businesses or broad market exposure and giving it

624
00:31:43,320 --> 00:31:47,280
Speaker 3: time and just understanding that distinction can help people slow

625
00:31:47,360 --> 00:31:49,440
Speaker 3: down and ask better questions.

626
00:31:49,320 --> 00:31:52,320
Speaker 6: And questions are good. It's okay to ask.

627
00:31:52,200 --> 00:31:56,320
Speaker 5: Do I understand what I own? Do I understand why

628
00:31:56,360 --> 00:32:01,720
Speaker 5: I'm doing this? Does this fit my goals? That's not hesitation,

629
00:32:02,240 --> 00:32:08,400
Speaker 5: that's thoughtful decision making. Patience is underrated. People think patience

630
00:32:08,560 --> 00:32:12,960
Speaker 5: means doing nothing, but patience is an active decision to

631
00:32:13,080 --> 00:32:15,960
Speaker 5: stick with the plan long enough for time to do

632
00:32:16,040 --> 00:32:16,600
Speaker 5: its work.

633
00:32:17,360 --> 00:32:18,480
Speaker 6: And in a world that.

634
00:32:18,480 --> 00:32:25,040
Speaker 5: Pushes constant action, patience can actually be a competitive advantage.

635
00:32:24,640 --> 00:32:26,280
Speaker 2: And patience goes with humility.

636
00:32:26,720 --> 00:32:29,600
Speaker 3: It's realizing you don't have to predict every move, you

637
00:32:29,640 --> 00:32:31,080
Speaker 3: don't have to win every week.

638
00:32:31,400 --> 00:32:35,120
Speaker 2: You're building something over years. That's a different mindset, and

639
00:32:35,160 --> 00:32:36,400
Speaker 2: when you think.

640
00:32:36,200 --> 00:32:40,680
Speaker 5: That way, you're less likely to confuse motion for progress.

641
00:32:41,120 --> 00:32:48,000
Speaker 5: Sometimes the smartest thing is staying steady, contributing regularly, staying diversified,

642
00:32:48,360 --> 00:32:49,440
Speaker 5: and letting.

643
00:32:49,160 --> 00:32:51,840
Speaker 6: Compounding do what it can do over time.

644
00:32:52,320 --> 00:32:55,880
Speaker 5: So that's the foundation of only the good invest Young

645
00:32:56,400 --> 00:33:03,600
Speaker 5: is education is perspective, is hat building, not hype, not shortcuts,

646
00:33:03,920 --> 00:33:06,120
Speaker 5: not get rich quick right.

647
00:33:06,400 --> 00:33:08,720
Speaker 3: The book is meant to be a practical guide, something

648
00:33:08,760 --> 00:33:12,440
Speaker 3: that helps young adults build confidence and direction, and it

649
00:33:12,480 --> 00:33:15,840
Speaker 3: also gives families a way to have better conversations, conversations

650
00:33:15,840 --> 00:33:17,680
Speaker 3: that feel supportive instead of stressful.

651
00:33:18,160 --> 00:33:22,680
Speaker 5: When we return, will shift from mindset into practical habits,

652
00:33:23,160 --> 00:33:28,200
Speaker 5: things like building control, creating buffers, and getting started in

653
00:33:28,240 --> 00:33:31,320
Speaker 5: a thoughtful way. And if you'd like to learn more

654
00:33:31,480 --> 00:33:35,680
Speaker 5: or request a complementary copy of Only the Good invest Young,

655
00:33:36,120 --> 00:33:38,880
Speaker 5: you can call us at eight eight eight eight hundred

656
00:33:39,040 --> 00:33:44,280
Speaker 5: eighteen eighty one or email Kelly at Kellyfinancial dot org.

657
00:33:47,280 --> 00:33:51,400
Speaker 4: Safe money strategies brought to you by Kelly Financial Services.

658
00:33:51,600 --> 00:33:55,360
Speaker 4: Call eight eight eight eight hundred eighteen eighty one or

659
00:33:55,440 --> 00:33:57,400
Speaker 4: visit Kellyfinancial dot org.

660
00:33:57,960 --> 00:34:01,000
Speaker 9: Ready to enjoy your golden years with don't worry At

661
00:34:01,040 --> 00:34:04,920
Speaker 9: Kelly Financial. We know retirement planning can be overwhelming. With

662
00:34:05,000 --> 00:34:08,239
Speaker 9: more than twenty two years of experience, our friendly team

663
00:34:08,280 --> 00:34:11,960
Speaker 9: of advisors makes it easy and stress free. Trust us

664
00:34:12,000 --> 00:34:15,360
Speaker 9: to help you create a secure and enjoyable future. For

665
00:34:15,440 --> 00:34:19,319
Speaker 9: a free initial retirement consultation, called eight eight eight eight

666
00:34:19,440 --> 00:34:24,040
Speaker 9: hundred eighteen eighty one or email Kelly at Kellyfinancial dot org.

667
00:34:24,280 --> 00:34:26,640
Speaker 9: We're Kelly Financial. Come retire with.

668
00:34:26,600 --> 00:34:31,560
Speaker 4: Us Safe Money Strategies with William Kelly and Kelly Kelly

669
00:34:31,800 --> 00:34:36,080
Speaker 4: Call the team on eight eight eight hundred eighteen eighty one.

670
00:34:36,719 --> 00:34:39,759
Speaker 1: Thanks that team.

671
00:34:41,160 --> 00:34:42,400
Speaker 6: All right, we're back.

672
00:34:42,800 --> 00:34:47,440
Speaker 5: Before the break, we were talking about mindset, perspective and

673
00:34:47,520 --> 00:34:51,239
Speaker 5: why starting early is really about how you think, not

674
00:34:51,480 --> 00:34:55,040
Speaker 5: trying to time anything. Now we want to take that

675
00:34:55,200 --> 00:34:59,080
Speaker 5: conversation one step further and talk about the habits that

676
00:34:59,239 --> 00:35:03,280
Speaker 5: help young investors actually get started in a thoughtful way.

677
00:35:03,719 --> 00:35:06,600
Speaker 3: It really does come down to habits, because before anyone

678
00:35:06,640 --> 00:35:09,520
Speaker 3: even thinks about investing, they need to feel some sense

679
00:35:09,560 --> 00:35:13,160
Speaker 3: of control. Not control over the market, but control over

680
00:35:13,200 --> 00:35:16,759
Speaker 3: their own money. And that's such an important distinction. The

681
00:35:16,760 --> 00:35:21,839
Speaker 3: book explains that control begins with understanding. Knowing what comes in,

682
00:35:22,040 --> 00:35:26,239
Speaker 3: what goes out, and what is committed each month creates clarity.

683
00:35:26,680 --> 00:35:28,400
Speaker 2: Clarity supports confidence.

684
00:35:28,800 --> 00:35:32,000
Speaker 3: When people understand their financial picture, they are better prepared

685
00:35:32,040 --> 00:35:34,520
Speaker 3: to make thoughtful decisions instead of emotional ones.

686
00:35:34,840 --> 00:35:38,560
Speaker 5: And control doesn't mean restriction. It doesn't mean you can't

687
00:35:38,680 --> 00:35:42,320
Speaker 5: enjoy your life. It means awareness. It means you're choosing

688
00:35:42,440 --> 00:35:46,440
Speaker 5: how your money is used instead of wondering where it went.

689
00:35:46,880 --> 00:35:49,200
Speaker 3: And Once you have that awareness, you start to feel

690
00:35:49,239 --> 00:35:52,600
Speaker 3: more capable. You don't feel stuck or overwhelmed. You feel

691
00:35:52,600 --> 00:35:53,960
Speaker 3: like you're making progress.

692
00:35:54,360 --> 00:35:58,600
Speaker 5: Another key habit William talks about in his book is

693
00:35:58,719 --> 00:36:04,640
Speaker 5: building a buffer for unexpected expenses. Because life is unpredictable,

694
00:36:05,200 --> 00:36:10,480
Speaker 5: cars breakdown, medical costs come up, a job change happens,

695
00:36:10,880 --> 00:36:13,280
Speaker 5: things occur that we don't plan for.

696
00:36:13,480 --> 00:36:16,400
Speaker 3: And without a buffer, people may feel forced into decisions

697
00:36:16,440 --> 00:36:19,759
Speaker 3: that don't support their goals. Emergency funds act as a

698
00:36:19,800 --> 00:36:23,319
Speaker 3: cushion between daily life and long term plans. They give

699
00:36:23,360 --> 00:36:25,720
Speaker 3: people time to think instead of time to react.

700
00:36:26,200 --> 00:36:30,120
Speaker 5: That sense of protection supports discipline and peace of mind.

701
00:36:30,560 --> 00:36:35,320
Speaker 5: It's not about fear, it's about preparation. Once there's control

702
00:36:35,440 --> 00:36:41,680
Speaker 5: and protection in place, learning about investing becomes much more approachable.

703
00:36:41,360 --> 00:36:43,800
Speaker 3: Because at that point, people don't feel like they're gambling

704
00:36:43,880 --> 00:36:47,759
Speaker 3: or guessing. They feel like they're making informed choices. Investing

705
00:36:47,800 --> 00:36:51,160
Speaker 3: exists so individuals can participate in long term value creation.

706
00:36:51,520 --> 00:36:53,920
Speaker 2: It's about ownership, about speculation.

707
00:36:53,880 --> 00:36:59,160
Speaker 5: Understanding that helps people feel less intimidated and more confident.

708
00:37:00,000 --> 00:37:03,120
Speaker 5: Their idea in your book is curiosity.

709
00:37:03,560 --> 00:37:08,320
Speaker 3: Curiosity encourages learning instead of impulsive action. It helps people

710
00:37:08,360 --> 00:37:11,960
Speaker 3: ask better questions instead of rushing into decisions, and.

711
00:37:12,080 --> 00:37:15,200
Speaker 5: Learning is a process. No one needs to have everything

712
00:37:15,280 --> 00:37:18,720
Speaker 5: figured out right away. We remind people all the time,

713
00:37:18,960 --> 00:37:21,719
Speaker 5: you don't need to be perfect, you just need to

714
00:37:21,760 --> 00:37:22,640
Speaker 5: be consistent.

715
00:37:23,280 --> 00:37:27,840
Speaker 3: Small consistent habits shape future flexibility. And by doing this habitually,

716
00:37:28,160 --> 00:37:31,920
Speaker 3: people allow their money to compound over time, not just financially,

717
00:37:32,120 --> 00:37:34,200
Speaker 3: but emotionally and mentally as well.

718
00:37:34,560 --> 00:37:38,320
Speaker 5: And that's really the heart of getting started building habits

719
00:37:38,400 --> 00:37:43,040
Speaker 5: that support long term confidence, because confidence doesn't come from

720
00:37:43,080 --> 00:37:46,400
Speaker 5: having all the answers, it comes from knowing you're moving

721
00:37:46,440 --> 00:37:47,760
Speaker 5: in the right direction.

722
00:37:48,239 --> 00:37:50,840
Speaker 3: That's why the book is meant to be a practical guide,

723
00:37:51,200 --> 00:37:54,880
Speaker 3: something that helps young adults build confidence and direction. But

724
00:37:54,920 --> 00:37:57,960
Speaker 3: it's also for families. It gives parents and grandparents a

725
00:37:58,000 --> 00:38:00,880
Speaker 3: shared language to talk about money in a healthy way.

726
00:38:01,200 --> 00:38:04,640
Speaker 5: And that's something we see all the time at Kelly Financial.

727
00:38:05,120 --> 00:38:08,719
Speaker 5: Families want to help, they just don't always know how

728
00:38:08,760 --> 00:38:12,400
Speaker 5: to start the conversation. William, Your book gives them a

729
00:38:12,480 --> 00:38:13,400
Speaker 5: place to begin.

730
00:38:14,080 --> 00:38:16,920
Speaker 3: It's not about telling someone what to do, it's about

731
00:38:16,920 --> 00:38:19,120
Speaker 3: helping them think through what matters most of them.

732
00:38:19,480 --> 00:38:23,160
Speaker 5: And that's what makes this so meaningful. Because money isn't

733
00:38:23,239 --> 00:38:28,120
Speaker 5: just numbers. It's connected to values, goals, and choices. When

734
00:38:28,239 --> 00:38:32,200
Speaker 5: young adults learn to manage money with intention, it supports

735
00:38:32,400 --> 00:38:34,280
Speaker 5: every area of their life.

736
00:38:34,600 --> 00:38:38,359
Speaker 3: And when families talk openly about money, it strengthens relationships

737
00:38:38,400 --> 00:38:39,680
Speaker 3: instead of creating stress.

738
00:38:39,960 --> 00:38:43,799
Speaker 5: That's the bigger picture here. We're not just talking about investing.

739
00:38:44,080 --> 00:38:48,880
Speaker 5: We're talking about building a foundation for confidence and independence.

740
00:38:49,440 --> 00:38:51,279
Speaker 3: If you'd like to learn more about only the Good

741
00:38:51,280 --> 00:38:54,319
Speaker 3: invest young, or request a complimentary coffee for yourself or

742
00:38:54,320 --> 00:38:56,680
Speaker 3: someone you care about, you can call eight eight eight

743
00:38:56,760 --> 00:38:59,719
Speaker 3: eight hundred one eight eight one or email Kelly Kelly

744
00:38:59,719 --> 00:39:02,919
Speaker 3: find dot org. When you reach out, I'll personally sign

745
00:39:02,920 --> 00:39:05,480
Speaker 3: the book for you and for Valentine's Day. It can

746
00:39:05,520 --> 00:39:07,920
Speaker 3: be a thoughtful gift for a grandchild, a family member,

747
00:39:08,000 --> 00:39:08,800
Speaker 3: or even yourself.

748
00:39:09,239 --> 00:39:11,600
Speaker 5: This book was written for young adults, but it is

749
00:39:11,680 --> 00:39:16,040
Speaker 5: also for parents and grandparents who want to start meaningful

750
00:39:16,120 --> 00:39:21,719
Speaker 5: conversations about money, values, and the future. We appreciate you

751
00:39:21,840 --> 00:39:28,600
Speaker 5: listening today on WRKO. More informative content is coming up next.

752
00:39:31,239 --> 00:39:35,359
Speaker 4: Safe Money Strategies brought to you by Kelly Financial Services.

753
00:39:35,520 --> 00:39:39,319
Speaker 4: Call eight eight eight eight hundred eighteen eighty one or

754
00:39:39,400 --> 00:39:41,360
Speaker 4: visit Kellyfinancial dot Org.

755
00:39:42,680 --> 00:39:44,280
Speaker 8: Welcome back to Safe Money Strategies.

756
00:39:44,320 --> 00:39:44,719
Speaker 2: I am like.

757
00:39:44,760 --> 00:39:48,000
Speaker 8: Pussette here with Greg Workman, investment advisor. In the first

758
00:39:48,000 --> 00:39:50,440
Speaker 8: half of the show, we talked about why taxes in

759
00:39:50,480 --> 00:39:54,080
Speaker 8: retirement often come as a surprise, even for people who

760
00:39:54,160 --> 00:39:56,279
Speaker 8: have saved well and planned responsibly.

761
00:39:56,520 --> 00:39:57,279
Speaker 1: That's right, Mike.

762
00:39:57,440 --> 00:40:02,520
Speaker 7: We've covered how stocking income sources, required minimum distributions or

763
00:40:02,719 --> 00:40:08,799
Speaker 7: rmds and medicare surcharges can quietly reduce what retirees actually

764
00:40:08,840 --> 00:40:10,040
Speaker 7: get to keep, and.

765
00:40:10,000 --> 00:40:12,560
Speaker 8: We ended with an important idea, taxes are one of

766
00:40:12,600 --> 00:40:16,320
Speaker 8: the few retirement risks you can actually plan around exactly.

767
00:40:16,480 --> 00:40:18,440
Speaker 7: In this half of the show, we want to talk

768
00:40:18,480 --> 00:40:23,080
Speaker 7: about how retirees can take more control, not by avoiding taxes,

769
00:40:23,360 --> 00:40:25,240
Speaker 7: but by paying them intentionally.

770
00:40:25,400 --> 00:40:29,440
Speaker 8: Let's start here. Everyone pays taxes. That's not optional, right.

771
00:40:29,560 --> 00:40:34,000
Speaker 7: The difference is whether you're paying taxes reactively or strategically.

772
00:40:34,320 --> 00:40:38,839
Speaker 7: Most retirees are doing it reactively. They need income, so

773
00:40:38,880 --> 00:40:41,439
Speaker 7: they pull money, then they deal with the tax bill

774
00:40:41,560 --> 00:40:42,120
Speaker 7: after the.

775
00:40:42,120 --> 00:40:44,280
Speaker 8: Fact, and that can work until it doesn't.

776
00:40:44,400 --> 00:40:49,440
Speaker 7: Exactly. Strategic tax planning looks ahead. It asks which account

777
00:40:49,520 --> 00:40:52,800
Speaker 7: should this dollar come from, and what does that decision

778
00:40:52,880 --> 00:40:56,759
Speaker 7: do to taxes this year and five years from now.

779
00:40:56,880 --> 00:41:00,520
Speaker 8: One of the biggest levers retirees have is where income

780
00:41:00,520 --> 00:41:01,160
Speaker 8: comes from.

781
00:41:01,280 --> 00:41:02,360
Speaker 2: That's huge.

782
00:41:02,880 --> 00:41:06,160
Speaker 7: Not all tax dollars are treated the same way. Money

783
00:41:06,200 --> 00:41:09,279
Speaker 7: from a traditional IRA is taxed differently than money from

784
00:41:09,320 --> 00:41:14,399
Speaker 7: a WROTH account. Brokerage assets are taxed differently than both.

785
00:41:14,160 --> 00:41:17,160
Speaker 8: But many retirees treat all accounts the same.

786
00:41:17,080 --> 00:41:21,000
Speaker 7: They do, and that's understandable. For decades, the focus was

787
00:41:21,120 --> 00:41:25,560
Speaker 7: just on saving and accumulating. Once retirement starts, the focus

788
00:41:25,560 --> 00:41:30,200
Speaker 7: shifts to distribution, and that requires a different mindset.

789
00:41:29,719 --> 00:41:32,919
Speaker 8: And that shift doesn't happen automatically. Let's walk through another

790
00:41:33,000 --> 00:41:36,000
Speaker 8: hypothetical client example. Again not an actual client, just a

791
00:41:36,120 --> 00:41:37,400
Speaker 8: scenario for illustration.

792
00:41:37,680 --> 00:41:40,400
Speaker 7: Imagine a retiree was most of their savings in a

793
00:41:40,400 --> 00:41:43,760
Speaker 7: traditional IRA with a smaller WROTH IRA and a taxable

794
00:41:43,800 --> 00:41:48,040
Speaker 7: brokerage account early in retirement, before rmds begin.

795
00:41:48,480 --> 00:41:51,880
Speaker 8: They have some flexibility, but instead of using that flexibility,

796
00:41:52,280 --> 00:41:55,520
Speaker 8: they decide to delay touch and retirement accounts and live

797
00:41:55,600 --> 00:41:57,480
Speaker 8: mostly off taxable assets.

798
00:41:57,719 --> 00:42:02,040
Speaker 7: Then rmds start, social Security is fully UNDERWAGH and suddenly

799
00:42:02,280 --> 00:42:05,080
Speaker 7: all the income is hitting all at once. Their tax

800
00:42:05,120 --> 00:42:09,720
Speaker 7: bracket jumps. Medicare premiums increase, and they're frustrated even though

801
00:42:10,080 --> 00:42:12,120
Speaker 7: nothing quote unquote went wrong.

802
00:42:12,239 --> 00:42:15,960
Speaker 8: What really happened is they missed an opportunity window exactly.

803
00:42:16,160 --> 00:42:19,440
Speaker 7: Early retirement years can be some of the most valuable

804
00:42:19,480 --> 00:42:25,400
Speaker 7: planning years, lower income, more control, and fewer forced distributions.

805
00:42:25,560 --> 00:42:28,440
Speaker 8: This idea of timing comes up a lot in retirement planning.

806
00:42:28,520 --> 00:42:32,960
Speaker 7: It does because timing affects taxes just as much as

807
00:42:33,000 --> 00:42:37,239
Speaker 7: total income. Paying a little tax earlier can sometimes mean

808
00:42:37,280 --> 00:42:39,720
Speaker 7: paying a lot less tax later.

809
00:42:40,000 --> 00:42:41,600
Speaker 2: And that sounds counterintuitive.

810
00:42:41,800 --> 00:42:44,680
Speaker 7: It does, but retirement planning is full of trade offs.

811
00:42:45,000 --> 00:42:48,399
Speaker 7: The goal isn't to eliminate taxes in any one year.

812
00:42:48,719 --> 00:42:54,680
Speaker 7: It's to reduce lifetime taxation and smooth out income over time.

813
00:42:54,840 --> 00:42:58,520
Speaker 8: And smoother income often means fewer surprises. You mentioned earlier.

814
00:42:58,560 --> 00:42:59,960
Speaker 8: The idea of tax cliffs.

815
00:43:00,320 --> 00:43:05,440
Speaker 7: Yes, tax cliffs happen when income crosses a threshold, whether

816
00:43:05,480 --> 00:43:09,520
Speaker 7: it's a higher tax bracket, increased taxation of Social Security

817
00:43:09,840 --> 00:43:13,040
Speaker 7: or Medicare IRMA surcharges.

818
00:43:12,520 --> 00:43:14,279
Speaker 8: And those cliffs can fail sudden.

819
00:43:14,040 --> 00:43:18,000
Speaker 7: They do, especially with Medicare. A relatively small increase in

820
00:43:18,040 --> 00:43:22,680
Speaker 7: income can result in significantly higher premiums, and those premiums

821
00:43:22,760 --> 00:43:26,200
Speaker 7: can last longer than people expect.

822
00:43:25,680 --> 00:43:28,000
Speaker 8: Which again highlights the importance of coordination.

823
00:43:28,239 --> 00:43:29,000
Speaker 2: Absolutely.

824
00:43:29,200 --> 00:43:33,040
Speaker 7: When income decisions are made in isolation, these cliffs often

825
00:43:33,080 --> 00:43:35,640
Speaker 7: go unnoticed until after the fact.

826
00:43:35,880 --> 00:43:38,800
Speaker 8: Many people approach retirement planning the same way they approach

827
00:43:38,840 --> 00:43:41,959
Speaker 8: investing during their working years. Set it and forget it.

828
00:43:41,880 --> 00:43:46,640
Speaker 7: And that mindset create issues. Retirement planning isn't static. Tax

829
00:43:46,760 --> 00:43:52,239
Speaker 7: laws change, spending changes, healthcare costs change over time, in

830
00:43:52,360 --> 00:43:56,560
Speaker 7: personal goals change exactly. A good plan is dynamic. It's fluid,

831
00:43:56,880 --> 00:44:00,680
Speaker 7: It's reviewed, updated and adjusted as like happens.

832
00:44:00,800 --> 00:44:03,160
Speaker 8: This brings us back to something we talk about often

833
00:44:03,239 --> 00:44:06,040
Speaker 8: on this show, the importance of a written plan.

834
00:44:06,200 --> 00:44:11,200
Speaker 7: A written retirement plan ties everything together. It shows how

835
00:44:11,239 --> 00:44:16,359
Speaker 7: income sources interact, how taxes evolve over time, and how

836
00:44:16,440 --> 00:44:21,360
Speaker 7: decisions today affect outcomes down the road. It also creates clarity.

837
00:44:21,520 --> 00:44:27,160
Speaker 7: Clarity reduces stress. When retirees understand why income is coming

838
00:44:27,200 --> 00:44:29,880
Speaker 7: from a certain place, they have a higher degree of

839
00:44:29,920 --> 00:44:35,480
Speaker 7: confidence even during times of market volatility or periods of uncertainty.

840
00:44:35,600 --> 00:44:37,680
Speaker 8: One thing we want to be very clear about this

841
00:44:37,840 --> 00:44:40,440
Speaker 8: isn't about avoiding taxes.

842
00:44:40,200 --> 00:44:44,240
Speaker 7: So right everyone pays taxes. The goal is control, control

843
00:44:44,239 --> 00:44:48,919
Speaker 7: over timing, control over sources, and control over any surprises

844
00:44:49,239 --> 00:44:50,040
Speaker 7: along the way.

845
00:44:50,200 --> 00:44:52,280
Speaker 8: In control often leads to peace of mind.

846
00:44:52,160 --> 00:44:56,160
Speaker 7: Because when retirees feel in control, they're less likely to

847
00:44:56,280 --> 00:45:01,120
Speaker 7: make costly emotional decisions, whether that's billing too much money

848
00:45:01,120 --> 00:45:04,640
Speaker 7: too quickly or reacting to today's market headlines.

849
00:45:04,800 --> 00:45:07,759
Speaker 8: This is exactly where the Safe Money Strategies process comes in.

850
00:45:07,920 --> 00:45:11,320
Speaker 7: It starts with a conversation, then a workbook that helps

851
00:45:11,480 --> 00:45:17,320
Speaker 7: organize income, sources, expenses and goals. From there, we build

852
00:45:17,360 --> 00:45:21,359
Speaker 7: a plan that looks in retirement from a holistic perspective,

853
00:45:21,760 --> 00:45:27,320
Speaker 7: income investments, taxes, any state considerations.

854
00:45:26,560 --> 00:45:29,680
Speaker 8: And that written plan becomes a roadmap, a roadmap.

855
00:45:29,200 --> 00:45:32,479
Speaker 7: That helps retirees answer the question where should my next

856
00:45:32,480 --> 00:45:34,160
Speaker 7: dollar come from and why.

857
00:45:34,280 --> 00:45:37,759
Speaker 8: If there's one takeaway from today's show, it's this retirement

858
00:45:37,800 --> 00:45:40,160
Speaker 8: planning doesn't end when the paychecks stop.

859
00:45:40,320 --> 00:45:44,719
Speaker 7: In many ways, that's when planning becomes even more important

860
00:45:44,840 --> 00:45:47,480
Speaker 7: because it's not just about what you make, it's about

861
00:45:47,520 --> 00:45:51,080
Speaker 7: what you keep and how long it lasts.

862
00:45:51,200 --> 00:45:51,759
Speaker 2: If you'd like to.

863
00:45:51,800 --> 00:45:54,800
Speaker 8: Learn more about the Safe Money Strategies process or request

864
00:45:54,840 --> 00:45:57,200
Speaker 8: a copy of our workbook, reach out to our office.

865
00:45:57,440 --> 00:45:59,480
Speaker 8: We're happy to start with a simple conversation.

866
00:45:59,680 --> 00:46:00,680
Speaker 2: Plan doesn't have.

867
00:46:00,680 --> 00:46:03,919
Speaker 7: To be overwhelming, but it does need to be intentional.

868
00:46:04,000 --> 00:46:06,279
Speaker 2: Thanks for listening to save money strategies. We'll see you

869
00:46:06,320 --> 00:46:06,960
Speaker 2: next week.

870
00:46:11,080 --> 00:46:12,120
Speaker 6: I'm Kelly Kelly.

871
00:46:12,280 --> 00:46:14,799
Speaker 5: As we start off a new year, many families are

872
00:46:14,840 --> 00:46:18,440
Speaker 5: thinking about fresh starts, not just financially, but how we

873
00:46:18,520 --> 00:46:22,120
Speaker 5: prepare the next generation for life. At Kelly Financial, our

874
00:46:22,200 --> 00:46:25,520
Speaker 5: work has always been about helping families make thoughtful long

875
00:46:25,640 --> 00:46:29,480
Speaker 5: term decisions, including how the next generation gets started. And

876
00:46:29,560 --> 00:46:33,680
Speaker 5: while all investing involves risk, including the potential loss of principle,

877
00:46:33,840 --> 00:46:37,239
Speaker 5: we believe education and good habits are the foundation for

878
00:46:37,360 --> 00:46:40,759
Speaker 5: smart choices over time. That's why we're offering Only the

879
00:46:40,880 --> 00:46:44,000
Speaker 5: Good invest Young, a book written by my son, William

880
00:46:44,080 --> 00:46:47,400
Speaker 5: Kelly Junior. It's a clear, encouraging guide to the basics

881
00:46:47,440 --> 00:46:51,080
Speaker 5: of money, responsibility and habits that matter over time. If

882
00:46:51,120 --> 00:46:54,320
Speaker 5: you have a child, a grandchild, for someone just beginning,

883
00:46:54,400 --> 00:46:57,040
Speaker 5: this is a thoughtful place to start. We're offering a

884
00:46:57,080 --> 00:47:00,320
Speaker 5: complementary signed copy to our WRKO.

885
00:46:59,760 --> 00:47:01,200
Speaker 6: List and clients.

886
00:47:01,360 --> 00:47:03,839
Speaker 5: Call eight eight eight eight hundred and eighteen eighty one

887
00:47:04,040 --> 00:47:07,800
Speaker 5: or email Kelly at Kellyfinancial dot org. It's a simple

888
00:47:07,840 --> 00:47:10,400
Speaker 5: message and a meaningful way to begin the year.

889
00:47:11,400 --> 00:47:15,840
Speaker 1: Joining us now, as she always does. At this time.

890
00:47:16,280 --> 00:47:21,000
Speaker 1: She is the co founder, CEO, and president of Kelly

891
00:47:21,120 --> 00:47:26,920
Speaker 1: Financial Services, and yes, that is her wonderful name, Kelly

892
00:47:27,320 --> 00:47:31,520
Speaker 1: Kelly Kelly, How are you.

893
00:47:32,080 --> 00:47:34,400
Speaker 6: Good morning, Jeff? I am good.

894
00:47:35,040 --> 00:47:39,400
Speaker 5: If you're part of what's called the Sandwich generation, helping

895
00:47:39,600 --> 00:47:44,120
Speaker 5: aging parents, supporting adult children, and still trying to protect

896
00:47:44,200 --> 00:47:48,640
Speaker 5: your own future, you already know how stretched life can feel.

897
00:47:49,080 --> 00:47:50,600
Speaker 6: What many people don't.

898
00:47:50,400 --> 00:47:54,319
Speaker 5: Realize is that this season of life often comes with

899
00:47:54,440 --> 00:47:58,120
Speaker 5: some of the highest tax pressure. You may be earning more,

900
00:47:58,360 --> 00:48:03,360
Speaker 5: paying for health care, helping family, and navigating changing income

901
00:48:03,560 --> 00:48:07,080
Speaker 5: all at the same time. And taxes don't just affect

902
00:48:07,200 --> 00:48:10,640
Speaker 5: what you owe in April. They impact your cash flow,

903
00:48:10,800 --> 00:48:15,520
Speaker 5: your flexibility, and how confident you feel making decisions for

904
00:48:15,560 --> 00:48:18,840
Speaker 5: the people who depend on you. That's why we created

905
00:48:18,960 --> 00:48:25,040
Speaker 5: our Complementary Investor Guide, Tax Strategies for retirement buckets create

906
00:48:25,200 --> 00:48:30,480
Speaker 5: tax choices. It helps families understand how different tax buckets

907
00:48:30,520 --> 00:48:34,520
Speaker 5: work together and how being more tax aware today can

908
00:48:34,640 --> 00:48:39,440
Speaker 5: create more options Tomorrow. To request your copy, give us

909
00:48:39,480 --> 00:48:44,480
Speaker 5: a call or email Kelly at Kellyfinancial dot org. Jeff,

910
00:48:44,520 --> 00:48:47,920
Speaker 5: have a wonderful weekend. My best Grace and the kiddos.

911
00:48:48,360 --> 00:48:51,160
Speaker 1: Thank you, Kelly, all the best to you and everyone

912
00:48:51,239 --> 00:48:54,880
Speaker 1: at Kelly Financial. To get a free copy of that guide,

913
00:48:54,920 --> 00:48:56,680
Speaker 1: and I urge all of you, if you can do

914
00:48:56,760 --> 00:49:00,720
Speaker 1: get it call now eight eighty eight hundred at eighteen

915
00:49:00,880 --> 00:49:04,479
Speaker 1: eighty one, eight eighty eight eight hundred, eighteen eighty one,

916
00:49:05,160 --> 00:49:10,240
Speaker 1: or you can actually email Kelly herself personally Kelly Kelly

917
00:49:10,400 --> 00:49:15,880
Speaker 1: Financial dot org. That's Kelly Kelly Financial dot org.

918
00:49:21,080 --> 00:49:28,399
Speaker 4: Safe Money Strategies at eight eight hundred one, eight eight one.

919
00:49:28,680 --> 00:49:32,399
Speaker 5: Each week we like to pause and share reflection from

920
00:49:32,440 --> 00:49:36,400
Speaker 5: my husband, Bill Kelly, someone who spent his life helping

921
00:49:36,440 --> 00:49:40,520
Speaker 5: people feel more confident, more informed, and more at peace

922
00:49:40,560 --> 00:49:45,080
Speaker 5: about their financial lives. This message is a beautiful reminder

923
00:49:45,160 --> 00:49:48,160
Speaker 5: that there is no one right way to begin. Some

924
00:49:48,200 --> 00:49:52,520
Speaker 5: of you read, some listen, some watch, and some take

925
00:49:52,600 --> 00:49:58,200
Speaker 5: your time. But what truly matters is finding clarity, building confidence,

926
00:49:58,520 --> 00:50:01,840
Speaker 5: and choosing a path that brings you peace of mind.

927
00:50:02,200 --> 00:50:02,960
Speaker 6: Here's Bill.

928
00:50:05,280 --> 00:50:09,560
Speaker 10: People naturally move toward things that are pleasurable for them

929
00:50:09,840 --> 00:50:12,800
Speaker 10: or that makes sense. How do you know when someone's

930
00:50:12,840 --> 00:50:15,880
Speaker 10: good at something? Ladies and gentlemen, that's the decision you

931
00:50:16,000 --> 00:50:18,239
Speaker 10: have to make. Do you want to see them or

932
00:50:18,280 --> 00:50:20,200
Speaker 10: watch them do it. You get to listen to the

933
00:50:20,280 --> 00:50:24,120
Speaker 10: show each week. Some of you could be cleaning your yard.

934
00:50:24,200 --> 00:50:27,719
Speaker 10: You could be at your workbench. You could be at

935
00:50:27,760 --> 00:50:31,359
Speaker 10: your place of employment looking out the windshield, driving down

936
00:50:31,400 --> 00:50:34,560
Speaker 10: the road, sitting there. You could be listening from any

937
00:50:34,640 --> 00:50:37,200
Speaker 10: number of places. Maybe the alarm clock just went off.

938
00:50:37,840 --> 00:50:40,839
Speaker 10: Some of you like to read to find out who

939
00:50:40,880 --> 00:50:43,960
Speaker 10: you can trust, who that right person is for you.

940
00:50:44,040 --> 00:50:47,160
Speaker 10: That's why we provide you with the books, the different

941
00:50:47,200 --> 00:50:52,279
Speaker 10: retirement pamphlets, the social security books. Some of you like

942
00:50:52,400 --> 00:50:55,800
Speaker 10: to hear from others that someone's good. That's called a referral.

943
00:50:55,880 --> 00:51:00,760
Speaker 10: We get so many people referred into us. Or actually,

944
00:51:00,800 --> 00:51:04,440
Speaker 10: some people listen for the first time, they call the show,

945
00:51:04,520 --> 00:51:08,240
Speaker 10: then they're in. Some people have been listening for several

946
00:51:08,360 --> 00:51:10,920
Speaker 10: years and they say, geez, I meant to call you.

947
00:51:11,040 --> 00:51:11,799
Speaker 2: Now I'm doing it.

948
00:51:12,800 --> 00:51:15,480
Speaker 10: So some of you like to actually sit down and

949
00:51:15,560 --> 00:51:19,680
Speaker 10: kick the tires, and some of you think immediately you connect.

950
00:51:20,600 --> 00:51:24,000
Speaker 10: Some people that listen a number of times, some people

951
00:51:24,120 --> 00:51:29,400
Speaker 10: listen over a period of time. But consistency, I think

952
00:51:29,880 --> 00:51:34,080
Speaker 10: is best. So what's most important to you is what

953
00:51:34,160 --> 00:51:38,319
Speaker 10: we need to focus upon, and that's always true and

954
00:51:38,480 --> 00:51:41,840
Speaker 10: always will be with me or any member of the

955
00:51:41,840 --> 00:51:47,360
Speaker 10: team here at Kelly Financial. What will having your estate

956
00:51:47,440 --> 00:51:51,879
Speaker 10: plan finished, your advisement done, your new course set?

957
00:51:51,920 --> 00:51:52,880
Speaker 2: What will that do for you?

958
00:51:53,400 --> 00:51:56,600
Speaker 10: Maybe it will provide peace of mind if you've never

959
00:51:56,680 --> 00:52:00,760
Speaker 10: had things done or had an all income sing meeting

960
00:52:01,160 --> 00:52:03,560
Speaker 10: where you find out, well, this is what I need,

961
00:52:03,600 --> 00:52:05,319
Speaker 10: this is what I'm doing right, and this is what

962
00:52:05,360 --> 00:52:08,520
Speaker 10: I'm not doing right. For the most part, we leave

963
00:52:08,600 --> 00:52:12,439
Speaker 10: things alone that are correct. Sometimes people think, why isn't

964
00:52:12,520 --> 00:52:15,279
Speaker 10: Kelly trying to get all of our assets over here?

965
00:52:15,520 --> 00:52:18,200
Speaker 10: If something's going well for you, we want you to

966
00:52:18,280 --> 00:52:21,320
Speaker 10: keep it. It's an unusual thing, isn't it, Ladies and gentlemen.

967
00:52:21,840 --> 00:52:24,480
Speaker 10: I had a person come in with some saving sponds

968
00:52:24,480 --> 00:52:27,640
Speaker 10: they've had for over fifteen years, and they said, what

969
00:52:27,680 --> 00:52:30,640
Speaker 10: should we do with these? Mister Kelly, I said, keep them?

970
00:52:30,920 --> 00:52:33,279
Speaker 10: I said, the only thing I recommend is that you

971
00:52:33,360 --> 00:52:36,280
Speaker 10: put them online. Now you can go to Treasury Direct

972
00:52:36,360 --> 00:52:39,520
Speaker 10: and register all your saving spons When you go to heaven,

973
00:52:39,960 --> 00:52:43,200
Speaker 10: they'll go to your beneficiaries. Now they don't have to

974
00:52:43,280 --> 00:52:47,799
Speaker 10: run around and try to find these bonds somewhere. And

975
00:52:47,840 --> 00:52:50,640
Speaker 10: also you'll be able to track your interest rates, how

976
00:52:50,719 --> 00:52:53,680
Speaker 10: much you're earning, what it's worth every quarter or every month,

977
00:52:53,719 --> 00:52:55,920
Speaker 10: whenever you want to do it. So we don't have

978
00:52:56,000 --> 00:52:59,839
Speaker 10: to tell you everything you're doing isn't right, because some

979
00:53:00,320 --> 00:53:03,000
Speaker 10: I know are right. If you don't know what you have,

980
00:53:03,239 --> 00:53:05,480
Speaker 10: don't know how to deal with it, and you want

981
00:53:05,560 --> 00:53:09,399
Speaker 10: to become empowered and that's important to you, then that's

982
00:53:09,400 --> 00:53:15,040
Speaker 10: certainly important to us. So basically, if you're mastering your

983
00:53:15,480 --> 00:53:19,360
Speaker 10: assets and you're becoming someone who's in charge, and we

984
00:53:19,440 --> 00:53:24,919
Speaker 10: have several examples of those people among our client base. Now,

985
00:53:24,920 --> 00:53:28,320
Speaker 10: sometimes they go too far. They come in with briefcases

986
00:53:28,400 --> 00:53:31,480
Speaker 10: and things like that after a few years of not

987
00:53:32,120 --> 00:53:34,799
Speaker 10: coming to us without knowing what the heck is what,

988
00:53:34,960 --> 00:53:37,080
Speaker 10: and then all of a sudden they're coming in like

989
00:53:37,160 --> 00:53:39,759
Speaker 10: the chairman of General Motors. But that's okay too. That

990
00:53:39,880 --> 00:53:43,080
Speaker 10: means they're interested and empowered, and you want to be

991
00:53:43,160 --> 00:53:47,239
Speaker 10: that too. So having a better idea of what is

992
00:53:47,280 --> 00:53:50,560
Speaker 10: out there and having an idea of how to correct

993
00:53:50,719 --> 00:53:54,520
Speaker 10: some of the weaknesses, improve upon the strengths that might

994
00:53:54,600 --> 00:53:57,680
Speaker 10: make you feel better, ladies and gentlemen, and that's what's

995
00:53:57,719 --> 00:53:58,680
Speaker 10: important right now.

996
00:53:59,320 --> 00:54:00,000
Speaker 2: How does it matter?

997
00:54:00,840 --> 00:54:05,200
Speaker 10: Well, the similarities in our client tell are pretty profound.

998
00:54:05,760 --> 00:54:08,480
Speaker 10: Most of them are family oriented. You are, I know

999
00:54:08,520 --> 00:54:13,200
Speaker 10: you are, and in being so, you have created a

1000
00:54:13,239 --> 00:54:17,279
Speaker 10: lifestyle and in that lifestyle you have raised children, or

1001
00:54:17,320 --> 00:54:21,360
Speaker 10: you have brothers and sisters or nieces and nephews, people

1002
00:54:21,400 --> 00:54:23,719
Speaker 10: whom you love and you want to continue to do that.

1003
00:54:24,920 --> 00:54:29,160
Speaker 10: So most of my clients, I would say the best

1004
00:54:29,239 --> 00:54:34,279
Speaker 10: qualities of my clients are that they love family, they

1005
00:54:34,320 --> 00:54:37,719
Speaker 10: have accumulated wealth. You don't have to be the two

1006
00:54:37,800 --> 00:54:41,000
Speaker 10: million dollar person to sit with me. So if anyone's

1007
00:54:41,040 --> 00:54:43,920
Speaker 10: telling you you have to be that, then you might

1008
00:54:43,960 --> 00:54:45,759
Speaker 10: want to give that a second thought. Even if you

1009
00:54:46,520 --> 00:54:50,760
Speaker 10: are the two million dollar person, everyone should be treated

1010
00:54:51,560 --> 00:54:55,880
Speaker 10: like they are priceless and like they have unending value,

1011
00:54:56,440 --> 00:54:59,880
Speaker 10: because that's what we do have. Everyone has something to offer,

1012
00:55:00,480 --> 00:55:04,399
Speaker 10: and we believe that everyone should get great treatment. So

1013
00:55:04,640 --> 00:55:07,520
Speaker 10: the two hundred thousand, the five hundred thousand, we don't

1014
00:55:07,600 --> 00:55:10,240
Speaker 10: say we're going to shed clients. A lot of people

1015
00:55:10,280 --> 00:55:12,600
Speaker 10: do that. If I did that, I'd have to lose

1016
00:55:12,640 --> 00:55:15,839
Speaker 10: a lot of friends. So my competitors make fun of

1017
00:55:15,840 --> 00:55:18,200
Speaker 10: me for doing that, and we can just hey, go

1018
00:55:18,239 --> 00:55:21,759
Speaker 10: ahead and make fun, but let's just see who really

1019
00:55:21,840 --> 00:55:25,360
Speaker 10: earns what I think I earn more by helping people

1020
00:55:26,080 --> 00:55:30,440
Speaker 10: who need help as well as extremely wealthy people with

1021
00:55:30,560 --> 00:55:34,120
Speaker 10: whom we work and anyone that wants to sit with

1022
00:55:34,160 --> 00:55:37,920
Speaker 10: me gets some help. So that's what I'm being instructed

1023
00:55:37,920 --> 00:55:42,040
Speaker 10: to do in my reflective moments, and it's worked out

1024
00:55:42,080 --> 00:55:46,279
Speaker 10: pretty dog one well. So we've had forty five or

1025
00:55:46,280 --> 00:55:49,239
Speaker 10: fifty thousand people call up for a connection with us.

1026
00:55:49,960 --> 00:55:53,880
Speaker 10: They needed material, they wanted help. It continues week after week.

1027
00:55:54,280 --> 00:55:57,239
Speaker 10: You can reach the Kelly Financial team at eight eight

1028
00:55:57,280 --> 00:56:00,439
Speaker 10: eight eight hundred one eight eight one. Go ahead, don't shy.

1029
00:56:00,760 --> 00:56:03,759
Speaker 10: If you need a hand, you let us know you

1030
00:56:03,840 --> 00:56:07,640
Speaker 10: come right in. We have offices in Braintree in Burlington

1031
00:56:08,239 --> 00:56:12,040
Speaker 10: and our number is eight eight eight eight hundred eighteen

1032
00:56:12,080 --> 00:56:18,840
Speaker 10: eighty one.

1033
00:56:20,640 --> 00:56:24,719
Speaker 4: Call Kelly Financial Services eight eight eight eight hundred eighteen

1034
00:56:24,880 --> 00:56:25,480
Speaker 4: eighty one.

1035
00:56:25,760 --> 00:56:31,080
Speaker 6: I'm Kelly Kelly from Kelly Financial. Whether you're in your sixties, seventies.

1036
00:56:30,640 --> 00:56:34,120
Speaker 5: Or eighties, financial advice is important when it comes to

1037
00:56:34,239 --> 00:56:37,440
Speaker 5: preserving your nest egg. We have a free investor guide

1038
00:56:37,480 --> 00:56:41,319
Speaker 5: called designing your Fiscal House to Weather the Elements, which

1039
00:56:41,400 --> 00:56:45,279
Speaker 5: highlights the steps needed to build a balanced portfolio. For

1040
00:56:45,360 --> 00:56:48,400
Speaker 5: the guide, call eight eight eight eight hundred eighteen eighty

1041
00:56:48,440 --> 00:56:52,240
Speaker 5: one or email Kelly at Kellyfinancial dot org.

1042
00:56:52,480 --> 00:56:55,399
Speaker 6: We're Kelly Financial. Come retire with us