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Speaker 1: This is coming to us, so.

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

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

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Speaker 2: a family legacy rooted in real world values.

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Speaker 1: And practical advice.

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Speaker 2: Kelly Financial was founded in two thousand and three by

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

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Speaker 2: Kelly Kelly and Braintree and Burlington, Massachusetts. Just two years later,

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Speaker 2: Dad launched Safe Money Strategies on WRKO as a no

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Speaker 2: nonsense call in radio show focused on common sense planning

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Speaker 2: and protecting wealth. Over the past two decades, Dad became

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Speaker 2: a pillar in New England finance, an engineer, turn entrepreneur,

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Speaker 2: author and philanthropist who believed in giving back and walking

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Speaker 2: the talk. Since our show has remained a Saturday morning staple,

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Speaker 2: offering insight and empowerment. Here at Kelly Financial, we help

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

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

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

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

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

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

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

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

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

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

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

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Speaker 2: Kelly Financial dot org or call us at eighty eight

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

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Speaker 2: Money Strategies. Next up Forever Young with Kelly Kelly and myself,

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Speaker 2: William Kelly Junior.

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Speaker 3: Safe Money Strategies with William Kelly and Kelly Kelly eight

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Speaker 3: hundred eighteen eighty one.

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Speaker 4: Each week on Safe Money Strategies, we take a moment

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Speaker 4: to step back from the headlines and have a real conversation,

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Speaker 4: the kind you might have around the kitchen table. This

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Speaker 4: is a part of the show we call Forever Young.

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Speaker 4: It's where I sit down with my son, William Kelly Junior,

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Speaker 4: and we talk about life, what's going on in the world,

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Speaker 4: and our family and what really matters most when you're

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Speaker 4: planning for the future. Sometimes it's light, sometimes it's thoughtful,

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Speaker 4: but it's always real. Good morning, William.

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Speaker 1: How are you mom? I'm fine. How are you?

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Speaker 4: I'm great. I'm still full from Thanksgiving.

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Speaker 1: To be honest, I agree with you. That's a good

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Speaker 1: way to put it.

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Speaker 2: We've got a million leftovers in the fridge and we

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Speaker 2: had a wonderful time with our family, and we had

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Speaker 2: some guests, so Sir Madaline's boyfriend whom which we anonymously

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Speaker 2: named Timmy.

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Speaker 1: Timmy brought himself, his mom and his dad and some animals.

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Speaker 2: Benji the big dog, unfortunately was not able to join

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Speaker 2: us because he would have eaten the turkey off the table. Yes,

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Speaker 2: So he was able to spend some time somewhere else,

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Speaker 2: and it was a wonderful time.

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Speaker 5: Yeah.

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Speaker 6: And John Boudris. Always good to see John.

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Speaker 2: And always good to eat his food as well, because

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Speaker 2: he's probably one of the best chefs on planet Earth.

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Speaker 6: I know.

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Speaker 2: I have to say cooking is always a delight. Oh yeah, absolutely.

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Speaker 2: And John has been doing a good job. He's been

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Speaker 2: hunting up in Canada before he came down to the US,

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Speaker 2: and he got a great looking deer. He's being John,

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Speaker 2: you know, he's very esoterically. He's a gentleman. He's just

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Speaker 2: that's John, you know what I mean. So he's doing well.

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Speaker 2: It was good to see everybody, and that was a

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Speaker 2: wonderful Thanksgiving, and ladies and gentlemen, we all be hope

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Speaker 2: that you had a wonderful Thanksgiving as well. Hopefully it

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Speaker 2: was peaceful, you know, you didn't have a crazy uncle

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Speaker 2: talking politics and then the getting really angry, you know,

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Speaker 2: because maybe they're on different PROPSI the spectrum. For some reason,

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Speaker 2: every Thanksgiving I feel like this is like a universal experience.

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Speaker 2: Politics comes into the equations and I mean I'm the

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Speaker 2: type of person personally I'm like.

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Speaker 1: Bring it on, you know what I mean. Yeah, I don't. Yeah,

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Speaker 1: but but honestly, it's not really much.

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Speaker 4: I mean typically every Thanksgiving we have the Cooners here,

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Speaker 4: so we missed the we do. They were missing family

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Speaker 4: in Canada, so you know, they had a good excuse.

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Speaker 4: But but we always, we all enjoy it, oh yeah, always,

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Speaker 4: and John Boudris is always here, so politics is definitely

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Speaker 4: a topic.

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Speaker 6: Oh yeah, and we're all on the same team.

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Speaker 2: So it's like you're you're you're asking for a reaction

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Speaker 2: with the Cooners here, with John with usin.

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Speaker 4: Yeah, but we have we had a little different mix

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Speaker 4: here this year. We did yeah different, we stayed away

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Speaker 4: from it. We did yeah, so it be nice, Yeah,

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Speaker 4: just in case.

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Speaker 1: Yeah, we don't want to upset Timmy nor his parents.

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Speaker 1: We love them. They're great people and it was a

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Speaker 1: pleasure to meet them. They're very interesting.

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Speaker 6: I don't think it upset Timmy, but no.

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Speaker 2: Timmy doesn't care. Timmy is very you know, he's a

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Speaker 2: smart guy. He's getting his PhD at a very very high,

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Speaker 2: well renowned school, and he's a very smart guy. And

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Speaker 2: you know he kind of overlooks that stuff. Not even

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Speaker 2: that he's like on a side politically, but you know,

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Speaker 2: he he just you know, I mean, he thinks in

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Speaker 2: p reviewed studies, you know.

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Speaker 1: What I mean.

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Speaker 2: He just he's a very independent thinker and you're gonna

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Speaker 2: have a very constructive conversation with him. So that's the

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Speaker 2: type of guy he is. Yeah, I think that's great.

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Speaker 2: But yeah, Thanksgiving was wonderful.

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Speaker 1: It sure was. Now my book has been coming in.

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Speaker 2: I mean some folks have been ordering it on Amazon

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Speaker 2: only the Good invest Young if you're interested, and people

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Speaker 2: have just been saying that it's been answering a lot

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Speaker 2: of their questions. I've been reading some of the reviews,

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Speaker 2: and I've been getting reviews from close friends of mine

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Speaker 2: and folks who've really enjoyed the book. I'm happy to

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Speaker 2: see that people are having a great experience and feeling

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Speaker 2: a lot more confident after reading it, and especially those

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Speaker 2: who I mean, these are folks who are in their

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Speaker 2: thirties and forties, and some folks who are in their

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Speaker 2: teens still who are reaching out to me, And I'm

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Speaker 2: just so grateful that I'm able to help people realize

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Speaker 2: their potential here.

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Speaker 1: Yeah, what I mean.

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Speaker 2: If you're looking for a similar experience, ladies and gentlemen,

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Speaker 2: my book is available on Amazon, or if you've already

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Speaker 2: signed up for us to send you a complimentary copy,

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Speaker 2: we'll send it your way. It's going to take a

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Speaker 2: little bit more time. If you'd like to purchase the

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Speaker 2: e book. The e book is also on Amazon as well.

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Speaker 2: You can purchase it on a kindle and maybe one

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Speaker 2: day I'll do an audiobook.

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Speaker 6: We'll say, I have a feeling you will.

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Speaker 1: That'd be cool. Yeah, I'm happy that it's just making

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Speaker 1: people work.

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Speaker 4: And if you would like to come to our toy

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Speaker 4: Drive and our Christmas drop in on December sixth. We

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Speaker 4: will have his books there and William will be signing

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Speaker 4: his book right there in Burlington in our Burlington office

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Speaker 4: and we will have them available in our brain Tree office.

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Speaker 4: Our team will be split up for that day, those

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Speaker 4: two hours accepting unwrapped toys for children, and it'll be nice.

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Speaker 4: It'll be great hugging our clients and shaking.

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Speaker 1: Hands and it'll be really cool.

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Speaker 6: Yeah, I'm really looking forward to it.

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Speaker 1: That will be awesome.

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Speaker 2: And to give toys to the unfortunate, I think we'll

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Speaker 2: make somebody's Christmas.

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Speaker 1: Yes, I think that will just imagine that.

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Speaker 2: You know what I mean, you probably don't get toys

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Speaker 2: and you can't your family can't afford it.

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Speaker 1: Yeah, and to have something.

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Speaker 2: And I know our clients and our prospects and the

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Speaker 2: people that listen to our show.

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Speaker 6: Everyone's been so generous the past couple of years.

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Speaker 1: Yeah, they don't. Just I'm very proud.

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Speaker 6: For our Toy Drive.

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Speaker 1: Yes, we're very grateful that we have these types of people.

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Speaker 1: I know, I know, I don't think we say it enough.

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Speaker 2: And I'm just excited for this year's Toy Drive, last

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Speaker 2: last Toy Drive went really successful.

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Speaker 1: Oh, it sure did. Yeah.

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Speaker 2: I think this is a smart way to you know,

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Speaker 2: to use our platform, you know what I mean, a

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Speaker 2: great yeah.

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Speaker 1: So make a kid's day, make a kids Christmas, you

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Speaker 1: know what.

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Speaker 2: I'll sign a book, come get a copy of my

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Speaker 2: book if you'd like to come and speak with me,

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Speaker 2: If you'd like to speak with some folks at Kelly

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Speaker 2: Financial as well, they'll be there and no pressure, you

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Speaker 2: know what i mean.

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Speaker 1: Just come come on by.

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Speaker 6: Yeah, just pop in for a few minutes.

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Speaker 4: And if you're out shopping or you know, running errands,

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Speaker 4: just pop in either office, whichever one is the most

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Speaker 4: convenient for you. It'll be good. Yeah.

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Speaker 1: And there'll be cookies there allegedly, right.

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Speaker 4: Yeah, we'll have a gift bag with a little gift

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Speaker 4: in there. And and of course they'll get your book

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Speaker 4: and I think a cookie.

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Speaker 1: Yeah, delicious, So that will be the little thing. So

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Speaker 1: December sixth, so I'm very excited.

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Speaker 2: So Timmy and Mary Madaline they both went for a

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Speaker 2: nice run in Philadelphia.

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Speaker 1: Mary Madeline ran it too.

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Speaker 4: No, she did the tin k that's right.

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Speaker 1: And so him on.

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Speaker 4: Saturday last Saturday, and then and then he ran the

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Speaker 4: marathon the next day.

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Speaker 1: That's right. So Timmy.

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Speaker 2: For those who don't know, Timmy's also not only getting

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Speaker 2: his PhD, but he's an ultra marathon runner.

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Speaker 1: This guy is the full pass and he's fast, very fast.

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Speaker 2: He's a I mean, if you look at his legs,

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Speaker 2: he's got tree chunks. Ladies and gentlemen, this guy can

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Speaker 2: he can make some power. Okay, So Timmy's completed a marathon.

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Speaker 2: He did a fantastic job.

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Speaker 4: He's last weekend.

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Speaker 2: He I don't know how he does it, but he

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Speaker 2: gets sub four hour marathons, which is just incredible, Ladies

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Speaker 2: and gentlemen. It's like that is a fast, fast pace consistently.

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Speaker 1: So he's on a different level. I remember one time

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Speaker 1: he came over to the house and you know, it

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Speaker 1: was morning.

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Speaker 2: I woke up and I get a text at like

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Speaker 2: six point thirty in the morning and Timmy texts the

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Speaker 2: group chat and he says, folks, I'm gonna go run

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Speaker 2: a quick ten and I'm like ten what miles?

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Speaker 4: Ten is nothing for him?

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Speaker 2: Nothing, It's like eating breakfast. He just does it, and

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Speaker 2: he's like, there's nothing more refreshing. They're running a ten

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Speaker 2: mile or coming back drinking some black coffee.

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Speaker 4: They shared the app with me, and so I was

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Speaker 4: able to track their their runs and send them like

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Speaker 4: way to go and pictures of the animals, pictures of us.

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Speaker 1: That's the door, So I think that helps. So MM

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Speaker 1: did a great job.

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Speaker 2: Since MM is not quite an ultra marathon runner yet,

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Speaker 2: but she's still a great runner. She did the ten

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Speaker 2: k instead, So they had a very fun weekend together

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Speaker 2: and I'm very proud of them. Congratulations to them for

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Speaker 2: completing their ten k and Timmy for completing his marathon.

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Speaker 4: Absolutely, do keep us on your dial. We've got a

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Speaker 4: lot of great content coming your way, babe. Mike Dussat

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Speaker 4: and Greg Workman will break down what Thanksgiving dinner revealed

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Speaker 4: about inflation, the recent fed Rake cuts, and what the

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Speaker 4: shifting economy could mean for your investments and retirement in

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Speaker 4: the year ahead. Mary, Madeline Kelly and Greg Murray will

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Speaker 4: walk you through one of the most overlooked yarine tasks,

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Speaker 4: reviewing your beneficiary designations to ensure your money goes exactly

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Speaker 4: where you intend and avoid costly mistakes. I will be

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Speaker 4: back with William. We will share practical ways to protect

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Speaker 4: your wallet, your identity, your retirement from emotional spending and

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Speaker 4: rising cyber threats this holiday season. And of course we'll

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Speaker 4: close the hour with some wit and wisdom from the

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Speaker 4: lake Bill Kelly. His words continue to inspire and guide us.

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Speaker 4: That's a wrap for forever, young Thank you for listening, William,

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Speaker 4: thank you for joining me. We'll be back with more

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Speaker 4: great content.

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Speaker 3: I love you, honey, Kelly Financial Services eight eight hundred,

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Speaker 3: eighteen eighty one. I believe that this nation should commit

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Speaker 3: it zel to achieving the goal of landing a man

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Speaker 3: on the Moon and returning him safely to the Earth.

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Speaker 7: Six five four three two one zero, All engine run?

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Speaker 3: What'd God?

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Speaker 5: What?

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Speaker 2: God?

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Speaker 5: On to follow up?

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Speaker 7: Remember those Apollo Moon missions one of America's greatest adventures

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Speaker 7: and achievements too. The nation set a goal and then

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Speaker 7: realized it. What are your goals? At Kelly Financial Services,

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Speaker 7: We've got the right team and technology to help launch

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Speaker 7: your retirement planning. Let us help you set and reach

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Speaker 7: your goals for your greatest adventure and achievement. Call us

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Speaker 7: at eight eight eight eight hundred, eighteen eighty one or

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Speaker 7: visit us at Kelly Financial Org.

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Speaker 1: Where do you want to land?

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Speaker 7: We're thank Lady Bavier being go have landed we are

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Speaker 7: Kelly Financial Services.

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Speaker 1: Come retire with us, folks.

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Speaker 8: Kelly Financial is opening their doors for a special Christmas drop.

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Speaker 1: By and you're invited.

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Speaker 8: On Saturday, December sixth, from eleven am to one pm.

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Speaker 8: Both their Burlington and Braintree offices will be celebrating the

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Speaker 8: season by honoring the generosity and legacy of Bill Kelly.

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Speaker 8: They're hosting a holiday toy drive and they'd love for

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Speaker 8: you to stop in with a new unwrapped toy to

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Speaker 8: help brighten Christmas for local children. Just drop by, say

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Speaker 8: hello to their team, and enjoy a little treat while

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Speaker 8: you're there. It's a simple way to give back and

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Speaker 8: to carry forward the spirit Bill Kelly brought.

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Speaker 1: To the community.

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Speaker 8: And if you're near Burlington, William Kelly will be there

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Speaker 8: signing copies of his new book, Only the Good invest

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Speaker 8: Young a wonderful Christmas gift for a child, a grandchild,

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Speaker 8: or anyone beginning their financial journey. So mark your Saturday,

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Speaker 8: December sixth, eleven to one in both Burlington and Braintree,

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Speaker 8: Bring a toy, spread some joy and celebrate Christmas with

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Speaker 8: Kelly Financial. For more details call eight eight eight eight

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Speaker 8: hundred eighteen eighty one or email Kelly at Kellyfinancial dot org.

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Speaker 9: Welcome back to Safe Money Strategies on this post Thanksgiving weekend.

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Speaker 9: I'm Mike Ducett, chief operating officer at Kelly Financial, and

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Speaker 9: joining me as always is our investment advisor Greg Workman.

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Speaker 1: Greg. How was Thanksgiving? It was great, Mike.

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Speaker 10: I was at my parents' house just a few towns

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Speaker 10: over and we had about ten people gathered around the table,

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Speaker 10: enough people that we needed folding chairs, but not so

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Speaker 10: many that we needed a seating chart, a lot of food,

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Speaker 10: a lot of football, and a lot of leftovers that

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Speaker 10: we will be eating for days.

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Speaker 9: My Thanksgiving was at my sister in laws place. We

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Speaker 9: had around twenty people this year, so it was full

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Speaker 9: on holiday chaos, kids running around, people talking over one another,

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Speaker 9: every burner on this being used at once. But it

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Speaker 9: was great and hopefully everyone listening today was able to

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Speaker 9: enjoy the holiday and spend meaningful time with friends and family.

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Speaker 1: And I think we.

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Speaker 10: Can admit that we got off easy. We didn't have

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Speaker 10: to host this year exactly.

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Speaker 9: We avoided the stress test of hosting Thanksgiving, but we

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Speaker 9: both know we're paying the price at Christmas when everyone

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Speaker 9: comes to our houses. That's when the real marathon of cooking, cleaning,

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Speaker 9: and last minute errands begins. We talk a lot about

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Speaker 9: money on this show, so Thanksgiving has actually become a

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Speaker 9: good annual benchmark for us. Every year people ask the

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Speaker 9: same question, was Thanksgiving more expensive this year or less expensive?

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Speaker 1: And this year the answer was a bit of both.

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Speaker 10: Overall, the cost of a traditional Thanksgiving dinner is slightly

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Speaker 10: cheaper this year, with the national average cost dropping by

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Speaker 10: five percent. Turkey prices were down, which surprised a lot

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Speaker 10: of people. Last year we had some supply constraints that

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Speaker 10: pushed prices up, but this year we had better production.

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Speaker 10: Some side dishes, including potatoes and certain vegetables, were reasonably steady.

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Speaker 10: But anything processed, especially baked goods, rolls, stuffing, desserts, those

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Speaker 10: continued to be on the rise.

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Speaker 9: And that's really the story of inflation right now. It's

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Speaker 9: no longer across the board. It's pockets, some easing, some stubborn.

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Speaker 9: We've moved away from the everything is up eight or

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Speaker 9: nine percent environment from a couple of years ago. Now

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Speaker 9: it's more nuanced, which frankly is easier for households to navigate,

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Speaker 9: and the timing makes a difference too. We're now heading

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Speaker 9: into December, holiday shopping season, family gatherings, winter travel, and

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Speaker 9: the overall inflation backdrop is a bit more stable.

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Speaker 1: It's not perfect, but it is not.

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Speaker 10: The runaway situation that we saw in twenty twenty two

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Speaker 10: and early twenty twenty three.

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Speaker 9: And for retirees and pre retirees, the people listening to

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Speaker 9: this show that stability matters. When inflation is unpredictable, it

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Speaker 9: complicates planning, but when inflation moderates.

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Speaker 1: People can make decisions with more confidence.

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Speaker 9: And a big part of that improved inflation, Pitcher, is

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Speaker 9: what the Federal Reserve has done right.

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Speaker 10: The Fed delivered its first rate cut of the year

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Speaker 10: in September, followed quickly by another twenty five basis point

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Speaker 10: cut in October, bringing the federal funds rate into the

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Speaker 10: three point seventy five to four percent range, and most

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Speaker 10: economists think that we'll see another cut at the December

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Speaker 10: meeting if labor and economic data continue trending softer.

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Speaker 9: And that shift has already started to affect everything from

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Speaker 9: mortgage rates to corporate borrowing costs to bond yields.

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Speaker 1: The Fed itself is a little split.

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Speaker 10: Some members want to keep cutting because the job market

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Speaker 10: is showing some signs of cooling. Others want to be

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Speaker 10: slower and more cautious because inflation is still above target levels.

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Speaker 1: But the overarching direction is clear. The FED is.

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Speaker 9: Easing, and that gives us a very different landscape heading

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Speaker 9: into twenty twenty six compared to what we've been dealing with.

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Speaker 9: Instead of planning for rising rates or plateaued rates, investors

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Speaker 9: now have to plan for declining rates, and that changes

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Speaker 9: the opportunity set. And speaking of opportunity sets, this is

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Speaker 9: where investors really need to pay attention because interest rate

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Speaker 9: direction impacts the entire financial system absolutely.

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Speaker 1: Let's start with stocks.

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Speaker 10: Historically, markets respond very positively to a FED easing cycle.

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Speaker 10: Lower borrowing costs fuel capital investment, mergers and acquisitions, business expansion,

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Speaker 10: and consumer spending. Cheaper money tends to push valuations higher, and.

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Speaker 9: You can already see it in parts of the market

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Speaker 9: technology industrials, real estate areas that are very sensitive to

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Speaker 9: financial conditions. Investors are watching the FED closely because the

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Speaker 9: next few quarters could determine where growth opportunities emerge.

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Speaker 1: And then there's bonds. Haven't been able to talk positively

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Speaker 1: about bonds for some time, but now we can.

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Speaker 10: Bond prices move inversely to interest rates, so when the

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Speaker 10: FED cuts, bond values typically rise. Investors who stuck with

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Speaker 10: bonds through the rough patch may finally start seeing some

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Speaker 10: tail winds.

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Speaker 1: And here's the other part.

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Speaker 9: People who've been sitting on a lot of cash because

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Speaker 9: money market funds we're paying four and a half or

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Speaker 9: five percent, those yields will fall quickly. It doesn't take

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Speaker 9: long for short term rates to adjust once the FED

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Speaker 9: is in an easy mode. So if someone is overweight

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Speaker 9: cash and underweight stocks or bonds, now is the time

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Speaker 9: to start reassessing.

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Speaker 10: The next twelve to eighteen months may look very different

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Speaker 10: from the last twelve to eighteen months. Rate cycles don't

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Speaker 10: last forever, but they do create windows of opportunity.

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Speaker 9: And this is where retirement really intersects with the broader economy.

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Speaker 9: Interest rates affect everything, income planning, withdrawal strategies, fixed income allocations,

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Speaker 9: annuity ao CD ladders, you name it.

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Speaker 10: And that's why we keep emphasizing the period between Thanksgiving

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Speaker 10: and New Year's as a key planning window. This is

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Speaker 10: the time of year when people actually slow down enough

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Speaker 10: to take inventory of their finances, and.

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Speaker 9: With the FED cutting rates, retirees should be thinking about

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Speaker 9: whether their portfolios align with the environment we're heading into.

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Speaker 9: Are they positioned for rising bond values? Are they prepared

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Speaker 9: for falling cashields? Are they benefiting from sectors that thrive

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Speaker 9: in easing cycles.

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Speaker 1: Those are the.

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Speaker 10: Kinds of questions we help clients with every year, but

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Speaker 10: this December is particularly important because we're at the beginning

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Speaker 10: of a major shift.

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Speaker 9: Stay with us after the break, we'll get into what

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Speaker 9: this new rate environment means specifically for your retirement portfolio,

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Speaker 9: the opportunities emerging in both stocks and bonds for twenty

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Speaker 9: twenty six, and the key steps to take before year

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Speaker 9: end to ensure your.

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Speaker 1: Plan is aligned with the new reality. You're listening to

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Speaker 1: Safe money Strategies.

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Speaker 3: Kelly Financial Services, eight hundred eighteen eighty one.

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Speaker 1: Hi, everyone, this is William Kelly. If you've ever wished

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Speaker 1: you'd learned.

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Speaker 11: About money sooner, That's why I wrote Only the Good

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Speaker 11: invest Young, a simple, encouraging.

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00:21:18,720 --> 00:21:21,399
Speaker 1: Guide with real world steps anyone can follow.

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00:21:22,200 --> 00:21:25,320
Speaker 11: I kept seeing the same thing people wishing someone had

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00:21:25,359 --> 00:21:29,000
Speaker 11: explained the basics earlier. How to save, build good habits,

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00:21:29,200 --> 00:21:33,639
Speaker 11: avoid costly mistakes, and create momentum even when you're starting small,

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00:21:34,200 --> 00:21:38,400
Speaker 11: whether you're eighteen or eighty. This book is about confidence, clarity,

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00:21:38,720 --> 00:21:41,919
Speaker 11: and taking action. With the holidays coming up, Only the

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Speaker 11: good invest young makes a great Christmas gift for a child,

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00:21:45,080 --> 00:21:47,960
Speaker 11: a grandchild, or anyone who needs that nudge.

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Speaker 1: To start strong.

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Speaker 11: For our listeners, we're sending out complimentary copies. Just call

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00:21:52,520 --> 00:21:55,879
Speaker 11: eight eight eight eight hundred twenty one or email Kelly

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00:21:55,880 --> 00:21:58,600
Speaker 11: at Kellyfinancial dot org and we'll send you one at

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00:21:58,640 --> 00:22:01,720
Speaker 11: no charge. You can also purchase a softcover on Amazon

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00:22:01,880 --> 00:22:04,520
Speaker 11: or an ebook on Kendall. I'm William Kelly, and I

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Speaker 11: hope this book helps someone you love to take their

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Speaker 11: first step.

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Speaker 4: I'm Kelly Kelly from Kelly Financial. Is your financial advisor

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Speaker 4: a fiduciary? In other words, are they legally required to

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00:22:16,119 --> 00:22:20,400
Speaker 4: act in your best interest? My complimentary book, Retire Your Fear,

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00:22:20,480 --> 00:22:24,000
Speaker 4: Plan Your Future, explains what a fiduciary is and will

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Speaker 4: help you understand if an advisor is really putting you first.

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Speaker 4: For the book, call eight eight eight eight hundred and

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Speaker 4: eighteen eighty one or email Kelly at Kellyfinancial dot org.

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Speaker 4: We're Kelly Financial. Come retire with.

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Speaker 3: Us The Money Wrap with Kelly Financial Advisors. Greg Murray

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Speaker 3: and Mary Madeline Kelly.

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Speaker 1: Hello.

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Speaker 12: This is Greg Murray, senior vice president and chief Compliance

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Speaker 12: officer at Kelly Financial Services. Joining me today is Mary

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Speaker 12: Madeline Kelly, one of our wealth advisors. How are you

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Speaker 12: doing today?

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Speaker 4: Hi?

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Speaker 1: Greg?

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Speaker 13: I am great. We're deep into the holiday season now,

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Speaker 13: as we just finished Thanksgiving, and I swear every weekend

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Speaker 13: there's something going on. It's the busiest but coziest time

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Speaker 13: of the year and the perfect time to wrap up

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Speaker 13: all those loose ends before January hits.

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Speaker 12: Absolutely, it's the season for gatherings, but also the season

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Speaker 12: for getting things organized. And speaking of tying up loose ends,

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Speaker 12: today's topic is something we talk about every year because

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00:23:20,119 --> 00:23:24,640
Speaker 12: it is so important reviewing your beneficiary designations before your end.

445
00:23:24,880 --> 00:23:27,679
Speaker 13: Yes, and this is one of those tasks that maybe

446
00:23:27,720 --> 00:23:31,000
Speaker 13: takes five minutes but can save your family years of headaches.

447
00:23:31,240 --> 00:23:33,760
Speaker 13: Yet it's also one of the most overlooked parts of

448
00:23:33,800 --> 00:23:34,679
Speaker 13: financial planning.

449
00:23:34,800 --> 00:23:35,240
Speaker 1: That's right.

450
00:23:35,359 --> 00:23:37,639
Speaker 12: Many people assume that if they have a will, that

451
00:23:37,720 --> 00:23:40,760
Speaker 12: will control everything when they pass away, but in reality,

452
00:23:40,800 --> 00:23:44,240
Speaker 12: the beneficiary is listed on your retirement accounts, insurance policies,

453
00:23:44,320 --> 00:23:47,879
Speaker 12: annuities and even some bank accounts override your will exactly.

454
00:23:48,000 --> 00:23:50,439
Speaker 13: If your beneficiary forum says the money goes to a

455
00:23:50,440 --> 00:23:53,360
Speaker 13: specific person, that's who gets it, even if your will

456
00:23:53,400 --> 00:23:56,800
Speaker 13: says something different. We've seen situations where someone forgot to

457
00:23:56,880 --> 00:23:59,800
Speaker 13: update an old four oh one K or insurance policy

458
00:24:00,080 --> 00:24:03,440
Speaker 13: and it's still listed in ex spouse and unfortunately there's

459
00:24:03,480 --> 00:24:05,760
Speaker 13: nothing the family can do after the person passes.

460
00:24:05,920 --> 00:24:07,919
Speaker 1: It's heartbreaking and totally avoidable.

461
00:24:08,040 --> 00:24:11,280
Speaker 12: That's why checking your beneficiaries each year, especially at the

462
00:24:11,359 --> 00:24:13,359
Speaker 12: end of the year, is one of the smartest steps

463
00:24:13,400 --> 00:24:13,880
Speaker 12: you can take.

464
00:24:14,080 --> 00:24:17,880
Speaker 13: And it's not just about correcting mistakes. Life changes. People

465
00:24:17,960 --> 00:24:22,359
Speaker 13: get married, divorced, have children or grandchildren, or even lose

466
00:24:22,440 --> 00:24:26,400
Speaker 13: love ones. Your beneficiary designation should reflect your current wishes,

467
00:24:26,560 --> 00:24:28,600
Speaker 13: not your situation from twenty years ago.

468
00:24:28,760 --> 00:24:31,520
Speaker 12: Another common issue is leaving someone off by accident. You

469
00:24:31,600 --> 00:24:33,719
Speaker 12: might have a new grandchild you want to include, or

470
00:24:33,760 --> 00:24:36,399
Speaker 12: maybe you plan to split assets between your kids but

471
00:24:36,560 --> 00:24:39,760
Speaker 12: forgot to update the percentages. These little oversights can create

472
00:24:39,800 --> 00:24:40,800
Speaker 12: big problems later.

473
00:24:40,960 --> 00:24:44,800
Speaker 13: And here's another one we see people don't list contingent beneficiaries.

474
00:24:45,040 --> 00:24:46,159
Speaker 1: That's your backup option.

475
00:24:46,400 --> 00:24:49,400
Speaker 13: If something happens to your primary beneficiary and you don't

476
00:24:49,440 --> 00:24:52,400
Speaker 13: have a secondary listed. That asset may end up going

477
00:24:52,440 --> 00:24:53,760
Speaker 13: through probate, which.

478
00:24:53,560 --> 00:24:57,720
Speaker 12: Means delays costs in everything becoming public record, not ideal

479
00:24:57,720 --> 00:24:58,920
Speaker 12: for most families, and.

480
00:24:59,040 --> 00:25:02,840
Speaker 13: Reviewing your benefit isn't just smart estate planning, it's also

481
00:25:03,040 --> 00:25:08,000
Speaker 13: smart retirement planning. For example, inherited iras follow very specific rules,

482
00:25:08,240 --> 00:25:11,520
Speaker 13: naming a spouse versus naming children can be completely changed

483
00:25:11,560 --> 00:25:12,760
Speaker 13: how those funds are taxed.

484
00:25:12,880 --> 00:25:13,600
Speaker 1: That's a great point.

485
00:25:13,880 --> 00:25:16,480
Speaker 12: A spokes who inherits a retirement account often has more

486
00:25:16,520 --> 00:25:19,399
Speaker 12: flexibility they can roll it into their own IRA, but

487
00:25:19,640 --> 00:25:24,040
Speaker 12: kids or other non spouse beneficiaries usually have to withdraw

488
00:25:24,080 --> 00:25:26,200
Speaker 12: the entire amount within ten years.

489
00:25:26,000 --> 00:25:29,400
Speaker 13: Right, and that has huge tax implications. So making sure

490
00:25:29,440 --> 00:25:32,320
Speaker 13: you've named the right beneficiary can impact how much of

491
00:25:32,359 --> 00:25:35,280
Speaker 13: your hard earned savings actually stays in the family and

492
00:25:35,359 --> 00:25:36,640
Speaker 13: how much goes to the irs.

493
00:25:36,880 --> 00:25:39,159
Speaker 12: And this is exactly why now, at the end of

494
00:25:39,200 --> 00:25:41,560
Speaker 12: the year is the perfect time to do a quick review.

495
00:25:41,640 --> 00:25:43,200
Speaker 1: Most people are already thinking.

496
00:25:42,960 --> 00:25:47,080
Speaker 12: About taxes, deadlines, contributions, and year end planning, so adding

497
00:25:47,080 --> 00:25:49,480
Speaker 12: a beneficiary check to the list just makes sense.

498
00:25:49,600 --> 00:25:50,760
Speaker 1: Plus it's so easy.

499
00:25:50,880 --> 00:25:53,119
Speaker 13: You just log into your accounts, your four oh one K,

500
00:25:53,359 --> 00:25:56,760
Speaker 13: your iras, your life insurance and make sure everything matches

501
00:25:56,760 --> 00:25:59,159
Speaker 13: your current wishes. If you're unsure, we can help peo

502
00:25:59,160 --> 00:26:02,160
Speaker 13: ple all of your accoun together and review those designations

503
00:26:02,160 --> 00:26:02,399
Speaker 13: with you.

504
00:26:02,600 --> 00:26:06,040
Speaker 12: Absolutely Sometimes the biggest value we bring is simply helping

505
00:26:06,040 --> 00:26:09,040
Speaker 12: people organize everything, making sure nothing falls through the cracks.

506
00:26:09,200 --> 00:26:13,119
Speaker 13: So to summarize for our listeners, reviewing your beneficiaries is

507
00:26:13,160 --> 00:26:17,760
Speaker 13: important because your beneficiary designations override your will, life changes

508
00:26:17,800 --> 00:26:21,520
Speaker 13: and your account should reflect that. Missing or outdated beneficiaries

509
00:26:21,560 --> 00:26:25,120
Speaker 13: can cause probate issues and the right beneficiary structure can

510
00:26:25,160 --> 00:26:27,240
Speaker 13: save your family huge tax bills.

511
00:26:27,280 --> 00:26:29,560
Speaker 12: Perfect summary and the best part, this is one of

512
00:26:29,600 --> 00:26:32,119
Speaker 12: the quickest, easiest things you can do to protect your

513
00:26:32,119 --> 00:26:34,359
Speaker 12: family financially exactly.

514
00:26:34,040 --> 00:26:36,240
Speaker 13: And it brings such peace of mind. You never want

515
00:26:36,240 --> 00:26:39,359
Speaker 13: your loved ones to be stuck sorting through outdated paperwork

516
00:26:39,480 --> 00:26:43,120
Speaker 13: or dealing with unnecessary stress, especially during a difficult time.

517
00:26:43,240 --> 00:26:45,240
Speaker 12: That's why year end is the perfect moment for a

518
00:26:45,320 --> 00:26:47,360
Speaker 12: quick review, and if you'd like help doing that, come

519
00:26:47,400 --> 00:26:49,800
Speaker 12: speak with us at Kelly Financial. We'll make sure everything

520
00:26:49,840 --> 00:26:52,000
Speaker 12: is up to date and aligned with their broader retirement

521
00:26:52,080 --> 00:26:52,800
Speaker 12: and estate plan.

522
00:26:53,000 --> 00:26:56,200
Speaker 13: Because planning isn't just about growing your money, it's also

523
00:26:56,240 --> 00:26:59,120
Speaker 13: about protecting it and making sure it goes exactly where

524
00:26:59,119 --> 00:26:59,600
Speaker 13: you want it to.

525
00:27:00,119 --> 00:27:02,000
Speaker 12: That well, that's going to wrap things up. Thank you

526
00:27:02,040 --> 00:27:03,640
Speaker 12: for your time today, Mary Madeline.

527
00:27:03,400 --> 00:27:04,080
Speaker 13: Thank you, Greg.

528
00:27:04,160 --> 00:27:05,320
Speaker 4: Have a great rescue weekend.

529
00:27:05,680 --> 00:27:08,919
Speaker 3: To get in touch with Greg Murray or Mary Madeline Kelly,

530
00:27:09,240 --> 00:27:12,520
Speaker 3: or any member of the Kelly Financial team, call eight

531
00:27:12,560 --> 00:27:19,840
Speaker 3: at eight eight hundred eighteen eighty one. Safe Money Strategies

532
00:27:20,200 --> 00:27:23,560
Speaker 3: with William Kelly and Kelly Kelly. Call the team on

533
00:27:23,760 --> 00:27:26,920
Speaker 3: eight eight eight hundred eighteen eighty one.

534
00:27:27,760 --> 00:27:34,560
Speaker 4: Thank you, Welcome back to Safe Money Strategies. I'm Kelly

535
00:27:34,640 --> 00:27:38,680
Speaker 4: Kelly here with my son William Kelly Junior, and today

536
00:27:38,760 --> 00:27:41,879
Speaker 4: we're talking about something a lot of families are dealing

537
00:27:41,920 --> 00:27:46,080
Speaker 4: with right now, the aftermath of Black Friday, the start

538
00:27:46,200 --> 00:27:49,920
Speaker 4: of the holiday rush and the pressure that comes with it. Now.

539
00:27:50,119 --> 00:27:53,879
Speaker 4: For years, Black Friday was all about bargains. People stood

540
00:27:53,920 --> 00:27:57,760
Speaker 4: in line, rushed into stores, grabbed what they could, trying

541
00:27:57,800 --> 00:28:00,960
Speaker 4: to beat the deal. But in twenty twenty five, Black

542
00:28:01,040 --> 00:28:05,800
Speaker 4: Friday isn't really about savings anymore. It's about psychology. It's

543
00:28:05,840 --> 00:28:10,439
Speaker 4: about urgency, pressure, emotion, and it's designed to get you

544
00:28:10,560 --> 00:28:13,760
Speaker 4: to spend money you didn't plan to spend. And the

545
00:28:13,840 --> 00:28:17,320
Speaker 4: truth is, a sale is not as savings if it

546
00:28:17,440 --> 00:28:18,919
Speaker 4: steals from your retirement.

547
00:28:19,200 --> 00:28:21,840
Speaker 2: That's such an important point, mom, because a lot of

548
00:28:21,840 --> 00:28:25,320
Speaker 2: people think, well, I'm saving money because it's forty percent off,

549
00:28:25,560 --> 00:28:28,560
Speaker 2: but they're not actually saving anything if that purchase wasn't

550
00:28:28,600 --> 00:28:30,080
Speaker 2: in the plan in the first place.

551
00:28:30,400 --> 00:28:33,200
Speaker 1: And honestly, I think the most dangerous purchases right now are.

552
00:28:33,040 --> 00:28:36,000
Speaker 2: The unplanned ones, the impulse buys people make just because

553
00:28:36,000 --> 00:28:37,080
Speaker 2: something is on the sale.

554
00:28:37,400 --> 00:28:42,600
Speaker 4: Exactly. The strongest financial strategy during the holidays isn't finding

555
00:28:42,640 --> 00:28:46,200
Speaker 4: the best deal, it's knowing what you actually need before

556
00:28:46,280 --> 00:28:49,080
Speaker 4: you see what's on sale. And in twenty twenty five,

557
00:28:49,200 --> 00:28:53,160
Speaker 4: so many families are already under pressure. Prices are up,

558
00:28:53,240 --> 00:28:56,400
Speaker 4: credit card balances are higher than they were a year ago,

559
00:28:56,840 --> 00:29:01,480
Speaker 4: savings accounts are shrinking. Studies from firms like Deloitte and

560
00:29:01,600 --> 00:29:06,840
Speaker 4: Mackenzie show that shoppers are actually buying fewer items this year,

561
00:29:07,280 --> 00:29:11,640
Speaker 4: but spending more because everything costs more, and that creates

562
00:29:11,720 --> 00:29:16,560
Speaker 4: what I call the holiday hangover. That's when January arrives

563
00:29:16,680 --> 00:29:20,840
Speaker 4: and suddenly the credit card statements due to For retirees

564
00:29:21,040 --> 00:29:25,680
Speaker 4: and pre retirees, that pain lasts even longer. But Overspending

565
00:29:25,720 --> 00:29:30,440
Speaker 4: today means borrowing against tomorrow. And the most damaging mistake

566
00:29:30,560 --> 00:29:34,680
Speaker 4: I see people make, especially around the holidays, is dipping

567
00:29:34,680 --> 00:29:38,160
Speaker 4: into retirement money to cover short term spending.

568
00:29:38,480 --> 00:29:41,720
Speaker 2: And that's a really big deal because retirement accounts aren't

569
00:29:41,760 --> 00:29:44,480
Speaker 2: meant to be your holiday fund. They're meant to support

570
00:29:44,520 --> 00:29:47,479
Speaker 2: the rest of your life. When you pull money out early,

571
00:29:47,720 --> 00:29:51,080
Speaker 2: not only are there sometimes penalties and taxes, but that

572
00:29:51,160 --> 00:29:54,240
Speaker 2: money also loses time to grow. So the real cost

573
00:29:54,280 --> 00:29:57,080
Speaker 2: of that gift or that shopping spree is much more

574
00:29:57,120 --> 00:29:58,320
Speaker 2: than just the sticker price.

575
00:29:58,760 --> 00:30:01,640
Speaker 4: That's right, William. You don't need more credit, you need

576
00:30:01,680 --> 00:30:05,120
Speaker 4: more clarity. And along with all the spending pressure, there's

577
00:30:05,160 --> 00:30:08,680
Speaker 4: another major threat this time of year, especially in twenty

578
00:30:08,760 --> 00:30:13,560
Speaker 4: twenty five, and that's cybercrime. Black Friday isn't just in

579
00:30:13,600 --> 00:30:17,320
Speaker 4: stores anymore. Is online, is on your phone, is in

580
00:30:17,320 --> 00:30:20,920
Speaker 4: your email, is in your text, and that means scammers

581
00:30:20,960 --> 00:30:23,720
Speaker 4: have access to more people than ever before.

582
00:30:24,280 --> 00:30:28,160
Speaker 2: We're seeing fake websites, bogus ads, and even counterfeit tracking

583
00:30:28,200 --> 00:30:31,760
Speaker 2: pages that look just like Amazon or ups or FedEx,

584
00:30:32,000 --> 00:30:35,880
Speaker 2: and today with AI, these scams look incredibly real. They're

585
00:30:35,880 --> 00:30:38,600
Speaker 2: written better than ever before, and they're designed to make

586
00:30:38,640 --> 00:30:41,480
Speaker 2: you panic, click and respond without thinking.

587
00:30:41,800 --> 00:30:44,600
Speaker 1: Your email, your text, even your browser.

588
00:30:45,040 --> 00:30:48,560
Speaker 2: All of those are entry points for scammers, and retirees

589
00:30:48,640 --> 00:30:52,880
Speaker 2: are a prime target because scammers assume they have savings and.

590
00:30:52,880 --> 00:30:57,120
Speaker 4: Listen to this carefully. The most expensive purchase this season

591
00:30:57,160 --> 00:31:00,280
Speaker 4: could be the one you never made calls by a scam.

592
00:31:00,320 --> 00:31:04,960
Speaker 4: This steals your identity instead. That's why at Kelly Financial

593
00:31:05,080 --> 00:31:10,400
Speaker 4: we take cybersecurity extremely seriously. We created an investor guide

594
00:31:10,560 --> 00:31:15,840
Speaker 4: called Cybersecurity Self Awareness for Your Self Protection to help

595
00:31:15,960 --> 00:31:21,600
Speaker 4: everyday families understand how these crimes actually happen. In simple terms,

596
00:31:21,680 --> 00:31:26,200
Speaker 4: it explains the different ways criminals attack what the professionals

597
00:31:26,280 --> 00:31:32,160
Speaker 4: call vectors of attack, things like phishing, fishing, phone scams,

598
00:31:32,520 --> 00:31:38,880
Speaker 4: fake websites called farming, malware and ransomware, business email compromise,

599
00:31:39,360 --> 00:31:43,720
Speaker 4: and stolen credentials. These aren't just technical terms, they're the

600
00:31:43,840 --> 00:31:47,520
Speaker 4: real ways criminals get access to your information, and in

601
00:31:47,600 --> 00:31:52,080
Speaker 4: twenty twenty five, AI is making these scams even more dangerous.

602
00:31:52,400 --> 00:31:54,160
Speaker 2: But the good news is when you know how a

603
00:31:54,200 --> 00:31:56,920
Speaker 2: scam works, you're much harder to trick. Some of the

604
00:31:56,960 --> 00:32:01,920
Speaker 2: biggest red flags to watch out for our urgency, pressure, secrecy,

605
00:32:02,320 --> 00:32:05,720
Speaker 2: or being told to act immediately. You should never click

606
00:32:05,760 --> 00:32:09,640
Speaker 2: on links in unexpected delivery texts. You should always shop

607
00:32:09,680 --> 00:32:12,920
Speaker 2: on secure websites that you type in yourself, not links

608
00:32:12,920 --> 00:32:14,120
Speaker 2: and emails or ads.

609
00:32:14,560 --> 00:32:16,080
Speaker 1: We also recommend using.

610
00:32:15,840 --> 00:32:19,320
Speaker 2: Credit cards instead of debit cards because they offer stronger

611
00:32:19,400 --> 00:32:24,480
Speaker 2: fraud protection and something very important, enable two factor authentication

612
00:32:24,640 --> 00:32:26,400
Speaker 2: on your shopping and bank accounts.

613
00:32:26,800 --> 00:32:30,600
Speaker 4: Slow down before you click, because speed is a scammer's

614
00:32:30,640 --> 00:32:34,600
Speaker 4: best friend, and protecting your retirement isn't just about what

615
00:32:34,680 --> 00:32:38,960
Speaker 4: you invest in. It's about protecting your identity, your access

616
00:32:39,000 --> 00:32:43,640
Speaker 4: to accounts, and your digital behavior. That's why our Cybersecurity

617
00:32:43,720 --> 00:32:47,840
Speaker 4: Investor Guide is so important. It gives you simple checklists,

618
00:32:47,960 --> 00:32:52,560
Speaker 4: clear warning signs, steps to safeguard your information, and ways

619
00:32:52,600 --> 00:32:57,120
Speaker 4: to reduce your digital footprint. When you combine smart spending

620
00:32:57,200 --> 00:33:01,480
Speaker 4: with strong cybersecurity, that is a true safe money strategy.

621
00:33:01,840 --> 00:33:04,040
Speaker 2: So if you're listening right now and you want to

622
00:33:04,040 --> 00:33:07,000
Speaker 2: feel more confident heading into the rest of the holiday season,

623
00:33:07,280 --> 00:33:09,760
Speaker 2: I encourage you to request your free copy of our

624
00:33:09,800 --> 00:33:15,440
Speaker 2: Investor Guide Cybersecurity Self Awareness for your self protection. It's practical,

625
00:33:15,560 --> 00:33:19,760
Speaker 2: easy to understand, and written for real families, not tech experts.

626
00:33:20,040 --> 00:33:22,480
Speaker 4: And when we come back William and I are going

627
00:33:22,520 --> 00:33:26,240
Speaker 4: to talk more about how to protect not just your wallet,

628
00:33:26,600 --> 00:33:31,240
Speaker 4: but your identity and your retirement. All season long. You're

629
00:33:31,280 --> 00:33:37,040
Speaker 4: listening to safe Money Strategies right here on w RKO.

630
00:33:38,600 --> 00:33:42,680
Speaker 3: Safe Money Strategies brought to you by Kelly Financial Services.

631
00:33:42,880 --> 00:33:46,640
Speaker 3: Call eight eight eight eight hundred eighteen eighty one or

632
00:33:46,720 --> 00:33:48,680
Speaker 3: visit Kellyfinancial dot org.

633
00:33:49,240 --> 00:33:53,200
Speaker 7: Ready to enjoy your golden years without worry. At Kelly Financial,

634
00:33:53,280 --> 00:33:56,640
Speaker 7: we know retirement planning can be overwhelming. With more than

635
00:33:56,680 --> 00:34:00,000
Speaker 7: twenty two years of experience, our friendly team of advice

636
00:34:00,040 --> 00:34:03,320
Speaker 7: users makes it easy and stress free. Trust us to

637
00:34:03,400 --> 00:34:06,840
Speaker 7: help you create a secure and enjoyable future. For a

638
00:34:06,840 --> 00:34:11,040
Speaker 7: free initial retirement consultation, called eight eight eight eight hundred

639
00:34:11,120 --> 00:34:15,279
Speaker 7: eighteen eighty one or email Kelly at Kellyfinancial dot org.

640
00:34:15,520 --> 00:34:17,960
Speaker 7: We're Kelly Financial. Come retire with.

641
00:34:17,880 --> 00:34:22,800
Speaker 3: Us Safe Money Strategies with William Kelly and Kelly Kelly.

642
00:34:23,080 --> 00:34:26,480
Speaker 3: Call the team on eight eight eight eight hundred eighteen

643
00:34:26,719 --> 00:34:27,279
Speaker 3: eighty one.

644
00:34:28,000 --> 00:34:31,040
Speaker 5: Thy care, Thank.

645
00:34:31,360 --> 00:34:35,919
Speaker 4: Welcome back to save Money Strategies. I'm Kelly Kelly here

646
00:34:35,920 --> 00:34:40,120
Speaker 4: with my son William, and today we're continuing our conversation

647
00:34:40,280 --> 00:34:45,360
Speaker 4: about staying safe, smart, and financially grounded this holiday season.

648
00:34:45,719 --> 00:34:48,839
Speaker 4: You know, one of the sneakiest problems during the holidays

649
00:34:49,120 --> 00:34:54,440
Speaker 4: is what I call holiday creep. Is not usually one

650
00:34:54,520 --> 00:34:58,520
Speaker 4: big purchase that causes the damage, is the dozens of

651
00:34:58,640 --> 00:35:03,480
Speaker 4: small ones, the little extras, the just one more items

652
00:35:03,520 --> 00:35:08,759
Speaker 4: that quietly adds up. A coffee here, stocking stuff are there, decoration?

653
00:35:08,920 --> 00:35:12,920
Speaker 4: You didn't plan on that extra gift because you felt

654
00:35:13,080 --> 00:35:17,880
Speaker 4: guilty or pressured before you even realize it. Your budget

655
00:35:17,920 --> 00:35:21,239
Speaker 4: is blown and your financial confidence with it. And they

656
00:35:21,320 --> 00:35:25,160
Speaker 4: see this happen most with parents and grandparents, the pressure

657
00:35:25,239 --> 00:35:28,800
Speaker 4: to give more, to say yes, to make everything perfect,

658
00:35:29,360 --> 00:35:33,200
Speaker 4: to show love through spending. But the truth is, emotional

659
00:35:33,280 --> 00:35:37,759
Speaker 4: buying almost always leaves to financial regret later on, and

660
00:35:37,880 --> 00:35:40,879
Speaker 4: regret does not belong in your retirement plan.

661
00:35:41,360 --> 00:35:45,600
Speaker 2: And here's the real danger. Emotional spending isn't just about money.

662
00:35:45,760 --> 00:35:49,920
Speaker 2: It's about vulnerability. When people get emotionally triggered, they let

663
00:35:49,960 --> 00:35:53,400
Speaker 2: their card down. And that's exactly what today's cyber criminals

664
00:35:53,440 --> 00:35:56,520
Speaker 2: are counting on. What really changed the game in twenty

665
00:35:56,560 --> 00:35:59,840
Speaker 2: twenty five is how powerful AI driven scams have become.

666
00:36:00,480 --> 00:36:03,560
Speaker 2: Now we're seeing fake tracking pages that look identical to

667
00:36:03,600 --> 00:36:08,120
Speaker 2: real ones, deep fake customer service voices that sound completely legitimate,

668
00:36:08,520 --> 00:36:12,800
Speaker 2: AI generated emails that mimic companies almost flawlessly. They're pretending

669
00:36:12,840 --> 00:36:17,279
Speaker 2: to be ups, Amazon, PayPal, banks, you name it, and

670
00:36:17,400 --> 00:36:20,440
Speaker 2: copying their logos, their tone, their language.

671
00:36:20,760 --> 00:36:22,240
Speaker 1: It's not sloppy work anymore.

672
00:36:22,400 --> 00:36:26,960
Speaker 2: It's polished, sophisticated and incredibly convincing. And the scary part,

673
00:36:27,160 --> 00:36:30,279
Speaker 2: criminals don't have to work harder. They work smarter and

674
00:36:30,440 --> 00:36:34,880
Speaker 2: faster now using automation to target thousands of people at once.

675
00:36:35,400 --> 00:36:40,279
Speaker 4: And when your guard is already down because of stress, emotion, fatigue,

676
00:36:40,520 --> 00:36:45,120
Speaker 4: or distraction, that's when people click the wrong link. Identity

677
00:36:45,200 --> 00:36:49,239
Speaker 4: theft doesn't just ruin your holiday, it can derail your

678
00:36:49,400 --> 00:36:55,000
Speaker 4: entire financial future. And sometimes criminals don't always strike right away.

679
00:36:55,560 --> 00:37:01,400
Speaker 4: They wait, They observe, they gather data, they test small transactions,

680
00:37:01,719 --> 00:37:05,239
Speaker 4: they build a profile, and then when you least expect it,

681
00:37:05,440 --> 00:37:06,000
Speaker 4: they move.

682
00:37:06,520 --> 00:37:08,480
Speaker 2: That's why one of the smartest things you can do

683
00:37:08,560 --> 00:37:12,239
Speaker 2: this season is ground your spending decisions and your retirement plan.

684
00:37:12,520 --> 00:37:16,000
Speaker 2: Start with something simple but powerful. Pull your bank statement

685
00:37:16,000 --> 00:37:18,600
Speaker 2: for the last sixty to ninety days. Look at what

686
00:37:18,640 --> 00:37:21,720
Speaker 2: you actually spent, not what you think you spent. Factor

687
00:37:21,880 --> 00:37:28,640
Speaker 2: in everything restaurants, Amazon subscriptions, extra gas, coffee runs inPulse purchases.

688
00:37:29,000 --> 00:37:32,560
Speaker 1: Then build your holiday budget based on reality, not a guest.

689
00:37:32,840 --> 00:37:35,400
Speaker 2: When you can see the numbers clearly in black and white,

690
00:37:35,480 --> 00:37:38,440
Speaker 2: it becomes much easier to say, Okay, this is what

691
00:37:38,480 --> 00:37:40,080
Speaker 2: I can responsibly spend.

692
00:37:40,080 --> 00:37:41,680
Speaker 1: And this is where I draw the line.

693
00:37:41,960 --> 00:37:44,960
Speaker 2: And honestly, some of the most meaningful gifts don't come

694
00:37:45,000 --> 00:37:50,120
Speaker 2: from a store. Time, memories, traditions, shared moments. That's what

695
00:37:50,160 --> 00:37:51,800
Speaker 2: people remember, not receipts.

696
00:37:52,080 --> 00:37:56,600
Speaker 4: A holiday budget doesn't limit your joy, it protects your future.

697
00:37:57,000 --> 00:38:00,160
Speaker 4: And another huge piece of that protection is no knowing

698
00:38:00,600 --> 00:38:04,960
Speaker 4: how to recognize danger before it reaches you. At Kelly Financial,

699
00:38:05,120 --> 00:38:08,640
Speaker 4: we don't just focus on investments. We help our clients

700
00:38:08,680 --> 00:38:13,200
Speaker 4: strengthen their spending mindset, their digital awareness, and their long

701
00:38:13,280 --> 00:38:17,520
Speaker 4: term protection strategies all in one place. That's why we

702
00:38:17,640 --> 00:38:22,720
Speaker 4: created our Cybersecurity Investor Guide. In this guide, we share

703
00:38:22,880 --> 00:38:27,400
Speaker 4: six powerful strategies to help you stay safe. Make yourself

704
00:38:27,440 --> 00:38:32,600
Speaker 4: a hard target, understand your digital footprint, protect your family

705
00:38:32,680 --> 00:38:38,080
Speaker 4: from scams, secure your home and devices, carefully vet anyone

706
00:38:38,120 --> 00:38:43,120
Speaker 4: with access to your space or information. Travel safely physically

707
00:38:43,320 --> 00:38:47,520
Speaker 4: and digitally. It's written in clear, easy to understand language

708
00:38:47,560 --> 00:38:52,080
Speaker 4: for real families living real lives. No technical jargon, no

709
00:38:52,200 --> 00:38:57,040
Speaker 4: fear tactics, just practical smart steps you can use immediately.

710
00:38:57,560 --> 00:39:00,440
Speaker 4: So as we wrap up today, here's what we really

711
00:39:00,480 --> 00:39:03,799
Speaker 4: want you to hear. You don't have to overspend to

712
00:39:03,880 --> 00:39:08,360
Speaker 4: show love, you don't have to feel pressured by advertisements

713
00:39:08,600 --> 00:39:12,480
Speaker 4: or promotions, and you absolutely do not have to fall

714
00:39:12,600 --> 00:39:16,279
Speaker 4: for manipulation, whether it comes from a store or from

715
00:39:16,320 --> 00:39:21,520
Speaker 4: a scammer. This season is about being intentional, being present,

716
00:39:21,840 --> 00:39:26,720
Speaker 4: being wise, and making decisions today that your future, self

717
00:39:26,800 --> 00:39:29,400
Speaker 4: and your family will thank you for. If you'd like

718
00:39:29,440 --> 00:39:33,759
Speaker 4: a free copy of our guide Cybersecurity self Awareness for

719
00:39:33,920 --> 00:39:38,200
Speaker 4: your self protection is available through our office, give us

720
00:39:38,200 --> 00:39:41,240
Speaker 4: a call at eight eight eight eight hundred eighteen eighty

721
00:39:41,320 --> 00:39:47,080
Speaker 4: one or email Kelly at Kellyfinancial dot org. It's a

722
00:39:47,239 --> 00:39:52,200
Speaker 4: simple but powerful step toward a safer, more secure future.

723
00:39:52,640 --> 00:39:55,120
Speaker 1: And this isn't just about you. It's about the people

724
00:39:55,160 --> 00:39:55,600
Speaker 1: you love.

725
00:39:55,920 --> 00:40:00,640
Speaker 2: Your spouse, your children, your grandchildren, your parents. One mistake,

726
00:40:00,960 --> 00:40:05,040
Speaker 2: one click, one stolen password can affect an entire family.

727
00:40:05,640 --> 00:40:08,319
Speaker 2: That's why we always say we protect your money in

728
00:40:08,360 --> 00:40:11,439
Speaker 2: the market and help you protect it at home when.

729
00:40:11,360 --> 00:40:13,200
Speaker 1: You pair this guy with a financial review.

730
00:40:13,320 --> 00:40:16,000
Speaker 2: You're creating true three hundred and sixty degree protection for

731
00:40:16,080 --> 00:40:20,480
Speaker 2: yourself and the next generation. Spend with intention, protect with vigilance,

732
00:40:20,640 --> 00:40:22,120
Speaker 2: and plan for a stronger future.

733
00:40:22,600 --> 00:40:26,239
Speaker 4: From all of us at Kelly Financial, we wish you

734
00:40:26,320 --> 00:40:30,640
Speaker 4: a safe, secure, and truly joyful holiday season.

735
00:40:32,880 --> 00:40:36,960
Speaker 3: Safe Money Strategies brought to you by Kelly Financial Services

736
00:40:37,160 --> 00:40:40,920
Speaker 3: called eight eight eight eight hundred eighteen eighty one or

737
00:40:41,040 --> 00:40:43,000
Speaker 3: visit Kellyfinancial dot org.

738
00:40:44,360 --> 00:40:47,040
Speaker 9: Welcome back to Safe Money Strategies. I'm Mike, you said

739
00:40:47,160 --> 00:40:50,160
Speaker 9: with me, as always is Greg Workman. We hope you're

740
00:40:50,239 --> 00:40:53,960
Speaker 9: enjoying your Thanksgiving weekend, maybe sneaking in that liftover turkey

741
00:40:54,000 --> 00:40:54,920
Speaker 9: sandwich right now.

742
00:40:55,080 --> 00:40:56,560
Speaker 1: Thanks for sticking with us.

743
00:40:56,440 --> 00:40:59,000
Speaker 10: Hey, I had one this morning for breakfast, no shame.

744
00:40:59,280 --> 00:41:02,560
Speaker 10: And since we're all probably still recovering from way too

745
00:41:02,600 --> 00:41:05,400
Speaker 10: much food and way too many people in our houses,

746
00:41:05,600 --> 00:41:08,560
Speaker 10: we're going to pivot into something that I think ties

747
00:41:08,600 --> 00:41:12,960
Speaker 10: in nicely financial stress. Because you and I were joking

748
00:41:13,160 --> 00:41:16,200
Speaker 10: on part one. The holidays bring joy, but they also

749
00:41:16,360 --> 00:41:19,480
Speaker 10: bring spending, and then January.

750
00:41:18,960 --> 00:41:23,200
Speaker 14: Arrives with that first credit card bill exactly, and ironically,

751
00:41:23,280 --> 00:41:27,520
Speaker 14: we've recently seen several surveys Kiplinger's Bank Write Credit Comma,

752
00:41:27,880 --> 00:41:31,240
Speaker 14: all pointing to an increase in financial stress this year.

753
00:41:31,400 --> 00:41:34,800
Speaker 9: Even though inflation is cooling and wages have risen, people

754
00:41:34,880 --> 00:41:39,760
Speaker 9: still fail financially squeezed, and honestly that failing isn't irrational. Yes,

755
00:41:40,000 --> 00:41:43,439
Speaker 9: inflation has moderated, but prices didn't go back down.

756
00:41:43,760 --> 00:41:45,560
Speaker 1: They simply rose more slowly.

757
00:41:45,880 --> 00:41:48,920
Speaker 9: So households are still dealing with the cumulative effect of

758
00:41:49,040 --> 00:41:50,880
Speaker 9: three years of elevated costs.

759
00:41:51,080 --> 00:41:56,279
Speaker 10: Right every Thanksgiving table has someone saying, Wow, groceries are expensive,

760
00:41:56,640 --> 00:42:00,680
Speaker 10: and that's not wrong. Prices are still up about twenty

761
00:42:00,719 --> 00:42:05,400
Speaker 10: percent cumulatively from pre pandemic levels. When your grocery bill

762
00:42:05,680 --> 00:42:09,800
Speaker 10: and your utility bill and your homeowners insurance all climb together.

763
00:42:10,160 --> 00:42:14,200
Speaker 10: Even a mild increase in comfort on the inflation front

764
00:42:14,360 --> 00:42:16,440
Speaker 10: doesn't magically remove pressure.

765
00:42:16,560 --> 00:42:19,160
Speaker 9: So let's talk about why stress levels are up and

766
00:42:19,320 --> 00:42:22,479
Speaker 9: how that ties into retirement planning, because that's really where

767
00:42:22,520 --> 00:42:25,719
Speaker 9: we help people the most. There are three big factors.

768
00:42:25,920 --> 00:42:30,879
Speaker 9: Number one, sticky prices. Costs didn't fall even after inflation cooled. Two,

769
00:42:31,360 --> 00:42:35,240
Speaker 9: high borrowing costs. Even with the September and October rate cuts,

770
00:42:35,440 --> 00:42:38,959
Speaker 9: borrowing is still significantly more expensive than three years ago,

771
00:42:39,320 --> 00:42:43,120
Speaker 9: and third market volatility. People see the headlines in the

772
00:42:43,320 --> 00:42:44,719
Speaker 9: worry period, and.

773
00:42:44,760 --> 00:42:46,360
Speaker 1: We see that in our office.

774
00:42:46,440 --> 00:42:49,600
Speaker 10: People walk in with good incomes, good savings habits, but

775
00:42:49,719 --> 00:42:52,040
Speaker 10: still feel like they're not progressing in the way that

776
00:42:52,080 --> 00:42:55,480
Speaker 10: they expected. And we always tell them the key distinction

777
00:42:55,680 --> 00:42:58,279
Speaker 10: is this, uncertainty leads to anxiety.

778
00:42:58,520 --> 00:43:00,399
Speaker 1: Planning leads to compvidence.

779
00:43:00,760 --> 00:43:04,800
Speaker 10: When you don't have a written income retirement plan, every

780
00:43:05,080 --> 00:43:06,720
Speaker 10: headline feels like a threat.

781
00:43:06,880 --> 00:43:07,880
Speaker 1: When you do have.

782
00:43:07,760 --> 00:43:11,560
Speaker 10: A written plan, the same headline becomes just another piece

783
00:43:11,560 --> 00:43:12,239
Speaker 10: of information.

784
00:43:12,480 --> 00:43:13,840
Speaker 1: Let me share a recent example.

785
00:43:13,960 --> 00:43:17,000
Speaker 9: We'll call them Tom and Ellen, both in their early sixties,

786
00:43:17,160 --> 00:43:20,520
Speaker 9: longtime listeners, who finally came in this fall after hearing

787
00:43:20,520 --> 00:43:23,040
Speaker 9: one of our shows on inflation. They said something I

788
00:43:23,080 --> 00:43:26,520
Speaker 9: think many listeners will relate to, we're doing fine, but

789
00:43:26,600 --> 00:43:28,440
Speaker 9: it doesn't feel like we're doing fine.

790
00:43:28,520 --> 00:43:30,800
Speaker 1: Their mortgage rate was low, they had good.

791
00:43:30,600 --> 00:43:34,160
Speaker 9: Savings, their kids were grown, but between grocery bills, travel

792
00:43:34,280 --> 00:43:36,839
Speaker 9: and helping an aging parent, they felt like money went

793
00:43:36,880 --> 00:43:37,839
Speaker 9: out faster than ever.

794
00:43:37,920 --> 00:43:40,320
Speaker 10: And when we looked at their accounts, they were doing fine,

795
00:43:40,640 --> 00:43:44,000
Speaker 10: but they didn't have a written retirement income plan. Their

796
00:43:44,000 --> 00:43:48,160
Speaker 10: investments were scattered across multiple old four oh one ks

797
00:43:48,200 --> 00:43:52,120
Speaker 10: and four oh three b's iras brokerage accounts. But there

798
00:43:52,280 --> 00:43:56,279
Speaker 10: was no set system, no structure, no tax plan, no

799
00:43:56,440 --> 00:44:00,880
Speaker 10: income plan, just accumulation across the board exactly.

800
00:44:01,080 --> 00:44:04,000
Speaker 9: They were living in what we call the accumulation mindset,

801
00:44:04,200 --> 00:44:06,799
Speaker 9: even though they were only a few years away from retirement.

802
00:44:06,960 --> 00:44:10,080
Speaker 9: That's where anxiety comes from when your life stage changes

803
00:44:10,120 --> 00:44:12,080
Speaker 9: but your financial strategy doesn't.

804
00:44:12,280 --> 00:44:13,359
Speaker 1: So what did we do.

805
00:44:13,600 --> 00:44:17,680
Speaker 9: First off, we consolidated their accounts into a coordinated strategy,

806
00:44:17,920 --> 00:44:19,800
Speaker 9: not into one account, but into one plan.

807
00:44:20,040 --> 00:44:20,800
Speaker 1: There's a difference.

808
00:44:21,320 --> 00:44:25,440
Speaker 9: Second, we created an inflation adjusted income plan. We mapped

809
00:44:25,440 --> 00:44:29,840
Speaker 9: out income streams for thirty years, stress tested against different inflation.

810
00:44:29,560 --> 00:44:30,799
Speaker 1: And market scenarios.

811
00:44:31,000 --> 00:44:34,640
Speaker 9: Thirdly, we structured investments for the new rate environment, not

812
00:44:34,760 --> 00:44:38,160
Speaker 9: chasing returns, but aligning investments with purpose. We had a

813
00:44:38,200 --> 00:44:40,840
Speaker 9: safety bucket, an income bucket, growth bucket.

814
00:44:41,080 --> 00:44:43,080
Speaker 1: Fourth we built a tax plan.

815
00:44:43,360 --> 00:44:46,000
Speaker 9: This is where they were losing the most money without

816
00:44:46,040 --> 00:44:50,400
Speaker 9: realizing it. Roth conversions, RMD planning, charitable strategies.

817
00:44:50,520 --> 00:44:52,319
Speaker 1: They had none of it in place. And here's the

818
00:44:52,360 --> 00:44:53,400
Speaker 1: most important part.

819
00:44:53,640 --> 00:44:57,040
Speaker 10: When they left, they didn't have more money, they had

820
00:44:57,120 --> 00:45:01,360
Speaker 10: more clarity, and clarity is what reduces.

821
00:45:00,760 --> 00:45:04,239
Speaker 9: Stress absolutely, and this is where the workbook comes in.

822
00:45:04,400 --> 00:45:08,160
Speaker 9: The Safe Money Strategies Workbook helps people organize their finances

823
00:45:08,320 --> 00:45:10,799
Speaker 9: the same way we did for Tom and Ellen, at

824
00:45:10,880 --> 00:45:11,919
Speaker 9: least at the starting level.

825
00:45:12,040 --> 00:45:14,680
Speaker 10: Now, we mentioned in part one that Wall Street loves

826
00:45:14,840 --> 00:45:18,760
Speaker 10: cheap money. Lower rates mean companies can borrow for less,

827
00:45:19,120 --> 00:45:23,600
Speaker 10: consumers can borrow for less, and that typically boosts spending

828
00:45:23,760 --> 00:45:27,320
Speaker 10: an investment across the economy. But we should make something

829
00:45:27,480 --> 00:45:31,640
Speaker 10: very clear. Rate cuts don't solve all problems. They simply

830
00:45:31,800 --> 00:45:36,359
Speaker 10: shift where the opportunities are. Here's how we are looking

831
00:45:36,440 --> 00:45:40,000
Speaker 10: at twenty twenty six as it relates to stocks. Lower

832
00:45:40,120 --> 00:45:43,840
Speaker 10: rates mean higher valuations become easier to justify.

833
00:45:44,239 --> 00:45:46,200
Speaker 1: Corporate borrowing is cheaper.

834
00:45:46,640 --> 00:45:52,000
Speaker 10: Growth sectors often outperform in this environment. It doesn't guarantee

835
00:45:52,040 --> 00:45:55,160
Speaker 10: a ball market, but it does put the odds in

836
00:45:55,200 --> 00:45:58,840
Speaker 10: its favor. Now, when it comes to bonds, this is important.

837
00:45:59,160 --> 00:46:05,080
Speaker 10: Bonds of falling interest rates because prices rise when yields fall.

838
00:46:05,480 --> 00:46:08,600
Speaker 10: People who have been frustrated with bond returns and for

839
00:46:08,719 --> 00:46:12,200
Speaker 10: good reason, over the past three years, may finally see

840
00:46:12,400 --> 00:46:19,080
Speaker 10: those returns return to their portfolio. Income stability, risk offset predictability.

841
00:46:19,320 --> 00:46:22,360
Speaker 1: That's what you want as a bond buyer. Here's the

842
00:46:22,400 --> 00:46:23,280
Speaker 1: big shift.

843
00:46:23,480 --> 00:46:26,839
Speaker 10: Cash is no longer going to pay five percent like

844
00:46:26,880 --> 00:46:30,360
Speaker 10: it did earlier in the rate cycle. If rates continue

845
00:46:30,400 --> 00:46:33,640
Speaker 10: trending down towards the end of twenty twenty five and

846
00:46:34,000 --> 00:46:37,120
Speaker 10: into twenty twenty six, those five percent.

847
00:46:36,840 --> 00:46:38,840
Speaker 1: Yields will surely retreat.

848
00:46:39,000 --> 00:46:42,440
Speaker 10: They already have started to, so holding too much cash

849
00:46:42,920 --> 00:46:45,680
Speaker 10: may become a drag on your total return.

850
00:46:46,120 --> 00:46:49,120
Speaker 9: Once again, this is why the rate environment matters for

851
00:46:49,200 --> 00:46:52,480
Speaker 9: retirement planning. The decisions you made two years ago when

852
00:46:52,520 --> 00:46:55,560
Speaker 9: inflation was high in rates for skyrocketing may not be

853
00:46:55,600 --> 00:46:56,440
Speaker 9: the right decisions.

854
00:46:56,480 --> 00:46:59,440
Speaker 1: Now. Planning is dynamic. It must adjust.

855
00:46:59,600 --> 00:47:02,080
Speaker 9: You can to build a retirement plan and then stuff

856
00:47:02,080 --> 00:47:02,760
Speaker 9: it in a drawer.

857
00:47:02,800 --> 00:47:05,840
Speaker 10: And that is exactly why we created our Safe Money

858
00:47:05,840 --> 00:47:09,480
Speaker 10: Strategies workbook. It helps you answer questions like do I

859
00:47:09,640 --> 00:47:13,880
Speaker 10: have too much cash? Am I positioned correctly for lower rates?

860
00:47:14,200 --> 00:47:18,320
Speaker 10: Will inflation derail my plans? Am I taking too much

861
00:47:18,719 --> 00:47:22,960
Speaker 10: or too little risk? Will my income last thirty years

862
00:47:23,160 --> 00:47:27,319
Speaker 10: or more? Are my taxes going to explode once I

863
00:47:27,440 --> 00:47:31,120
Speaker 10: hit RMD or required minimum distribution age?

864
00:47:31,440 --> 00:47:34,960
Speaker 9: In the best part, it's simple, No financial jargon, just

865
00:47:35,000 --> 00:47:37,800
Speaker 9: a structured guide to help you understand where you stand

866
00:47:38,160 --> 00:47:39,360
Speaker 9: and what needs attention.

867
00:47:39,640 --> 00:47:42,880
Speaker 10: If you're listening right now and you've been feeling even

868
00:47:42,920 --> 00:47:47,279
Speaker 10: a small amount of financial stress or uncertainty, or if

869
00:47:47,320 --> 00:47:50,560
Speaker 10: you just want an additional level of clarity heading into

870
00:47:50,560 --> 00:47:54,359
Speaker 10: twenty twenty six, pick up the phone and request your

871
00:47:54,560 --> 00:47:56,200
Speaker 10: Safe Money Strategies workbook.

872
00:47:56,440 --> 00:47:58,480
Speaker 1: There's no cost and no obligation.

873
00:47:59,000 --> 00:48:01,840
Speaker 10: It's simply a re source to helping you get organized

874
00:48:02,120 --> 00:48:06,040
Speaker 10: and understand whether your retirement is positioned properly for.

875
00:48:06,000 --> 00:48:09,480
Speaker 1: The new rate environment or not. With that, I'm Greg

876
00:48:09,520 --> 00:48:10,200
Speaker 1: Workman and.

877
00:48:10,160 --> 00:48:12,520
Speaker 9: I'm Mike you said, join us next week for more

878
00:48:12,560 --> 00:48:13,839
Speaker 9: Safe Money strategies.

879
00:48:18,880 --> 00:48:23,200
Speaker 8: Joining us now, as she always does at this time.

880
00:48:23,680 --> 00:48:28,440
Speaker 8: She is the co founder, CEO, and president of Kelly

881
00:48:28,560 --> 00:48:33,400
Speaker 8: Financial Services, and yes, that is her wonderful.

882
00:48:32,840 --> 00:48:36,600
Speaker 1: Name, Kelly Kelly Kelly.

883
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Speaker 4: How are you.

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Speaker 1: Good morning, Jeff?

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Speaker 5: I am good.

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Speaker 4: With Black Friday in full swing, I know so many families.

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Speaker 5: Are trying to stretch their dollars and.

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00:48:49,160 --> 00:48:52,839
Speaker 4: Make the season meaningful. I also know this is when

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Speaker 4: people are most vulnerable.

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00:48:55,080 --> 00:48:59,040
Speaker 5: Not just overspending, but to the scams and the.

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00:48:58,920 --> 00:49:01,520
Speaker 4: Cyber threats seem to grow every year.

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00:49:01,840 --> 00:49:03,720
Speaker 5: At Kelly Financial, we hear.

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00:49:03,600 --> 00:49:08,480
Speaker 4: The stories good honest people who clicked on something that looked.

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00:49:08,239 --> 00:49:13,080
Speaker 5: Real or trusted a message that sounded urgent, and suddenly they're.

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00:49:12,920 --> 00:49:18,040
Speaker 4: Facing identity fast or compromised accounts. That's why we created

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00:49:18,160 --> 00:49:23,840
Speaker 4: our free investor guide, Cybersecurity Self Awareness for your self protection.

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00:49:24,239 --> 00:49:25,520
Speaker 4: It walks you through the.

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00:49:25,440 --> 00:49:29,920
Speaker 5: Most common scams and gives you simple steps to protect.

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Speaker 6: Your information, your money, and your peace of mind.

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00:49:33,120 --> 00:49:36,200
Speaker 4: To request your free copy, give us a call or

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00:49:36,280 --> 00:49:37,240
Speaker 4: email us.

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00:49:37,120 --> 00:49:39,640
Speaker 6: At Kelly at Kellyfinancial dot org.

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00:49:40,040 --> 00:49:43,040
Speaker 4: Jeff, have a wonderful weekend, My best of Grace and

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Speaker 4: the kiddos.

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Speaker 8: Thank you, Kelly, have a great weekend, and please give

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00:49:47,000 --> 00:49:50,480
Speaker 8: my best to everyone at Kelly Financial. If you want

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00:49:50,520 --> 00:49:52,439
Speaker 8: to get in touch with them, the number to call

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00:49:53,000 --> 00:49:56,920
Speaker 8: eight eight eight eight hundred eighteen eighty one, or if

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00:49:56,960 --> 00:50:02,359
Speaker 8: you want to email Kelly Kelly directly at Kellyfinancial dot org.

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Speaker 8: Kelly at Kellyfinancial dot org.

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00:50:11,800 --> 00:50:18,200
Speaker 3: Safe Money Strategies at eight eight hundred one eight eight one.

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Speaker 4: As we enter the heart of the holiday season, we're

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Speaker 4: reminded that some of life's greatest lessons are learned not

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Speaker 4: from screams, but from family. Simple traditions and moments shared

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Speaker 4: around the table. In this week's Wit and Wisdom of

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Speaker 4: Bill Kelly, Bill takes us back to icy winter mornings,

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Speaker 4: a grandfather's guidance, childhood memories, and the values that shape

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Speaker 4: to lifetime. It's a powerful reminder that no matter how

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Speaker 4: much the world changes, the heart of home and family

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00:50:51,880 --> 00:50:55,880
Speaker 4: stays the same. And now here's Bill Kelly.

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Speaker 15: I awoke three years ago on a old January morning,

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Speaker 15: turned to the large window and gazed out over the ocean.

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Speaker 15: The digital thermometer read minus eight degrees outdoors and seventy

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Speaker 15: two degrees indoors. I glanced behind me, and there in

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Speaker 15: the king size bed was my five year old son,

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Speaker 15: William Kelly Junior, fast asleep. The landscape was barely visible

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Speaker 15: as it was five forty five a m. And the

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Speaker 15: sun had not yet risen. My mind flashed back to

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Speaker 15: my five year old self on bailey Brook Farm in

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Speaker 15: the winter, with the temperature approaching eight degrees below zero.

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Speaker 15: I had to get up quite early with my grandfather

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Speaker 15: Tim Murphy. All of the outdoor pipes were frozen, so

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Speaker 15: we had to carry the water in pails down to

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Speaker 15: the hen coops. That meant opening the bulkhead door that

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Speaker 15: led to the basement, then filling buckets with water and

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Speaker 15: walking them down to the coops. At age five, I

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Speaker 15: used a rusty, old tin beach bucket and was happy

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Speaker 15: to do my part to assist. During the holiday season,

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Speaker 15: and generally on Christmas Eve, Graham would hand me an envelope.

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Speaker 15: When I was nine years old, there would be two

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Speaker 15: dollars in that envelope. By the time I was entering college,

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00:52:14,360 --> 00:52:18,040
Speaker 15: the Christmas envelope had twenty five dollars in it. How

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Speaker 15: I waited for that envelope each year, Graap and I

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Speaker 15: would sit at the table late at night. As he

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Speaker 15: handed it to me, he would ask me to review

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Speaker 15: the past year and preview the year ahead. What were

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Speaker 15: my goals? What was I thinking? Where was I headed?

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Speaker 15: The more things change, the more they remain the same.

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Speaker 15: One Thanksgiving, when I was about seven, Uncle Earl came

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Speaker 15: over to the house. We just purchased a brand new

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Speaker 15: twenty five inch Zenith television. It was huge, weighing about

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Speaker 15: two hundred pounds, and when you turned it on you

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Speaker 15: could hear the whine while all the tubes warmed up.

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Speaker 15: Then all of a sudden boom and there was your picture.

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Speaker 15: Back then, everyone was talking about the size of their televisions.

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Speaker 15: It was like talking about the size of your engine.

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Speaker 15: Television was called the idiot box. That was one of

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Speaker 15: Mom's favorite terms. She would ask, does the idiot box

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Speaker 15: run this house? And as a nine year old kid,

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Speaker 15: I would think that it pretty much did run the house.

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Speaker 1: For me.

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Speaker 15: It was my favorite place to be on Saturday morning,

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Speaker 15: and I used to want to say to her, do

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Speaker 15: we have to call it the idiot box?

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Speaker 1: Mom?

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Speaker 15: All I know is I look forward to watching the

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Speaker 15: Cisco Kid, Hop Along, Cassidy, and Howdy Duty every Saturday morning,

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Speaker 15: and none of those characters was an idiot to me.

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Speaker 15: The importance of the holidays back then impressed me most.

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Speaker 15: We had so many people come to see us at home.

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Speaker 15: For our part, we visited friends regularly and rotated where

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Speaker 15: we would spend certain holidays, especially Thanksgiving and Christmas. Every

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Speaker 15: year we'd have a summer picnic down by the beach

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Speaker 15: or in a park near Cranston. There would be close

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Speaker 15: to eighty people, twenty two cousins, twenty aunts, twenty uncles

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Speaker 15: and more. We would even invite other friends of the family,

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Speaker 15: all great people. Everyone would come. Those were the days.

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Speaker 15: Those were definitely the days. But these are the days too,

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Speaker 15: because we're living longer and enjoying it more. We seven

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Speaker 15: children had paper roots starting at age eight or nine.

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Speaker 15: On those routes, we got to know people and were

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Speaker 15: able to work and produce. By doing that, we learned things.

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Speaker 15: When I was nine, I got a Huffy bike with

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Speaker 15: dual baskets on the back from my paper route. To me,

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Speaker 15: a Huffy bike was just about the coolest thing a

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Speaker 15: kid could ever have. I used to polish it the

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Speaker 15: way you'd polish the finest sports car on earth. To me,

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Speaker 15: that bike was everything I can remember as if it

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Speaker 15: were yesterday, making sure the gears were oiled and the

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Speaker 15: brakes worked. Imagine riding down a snowy street on a

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Speaker 15: three speed Huffy bike in the middle of winter with

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Speaker 15: one hundred and fourteen newspapers to deliver. The headlamp was

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Speaker 15: run by a generator that was powered bipedaling, so every

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Speaker 15: time you stop, the headlamp would go out. I had

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Speaker 15: a reflector, of course, but it was very difficult to

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Speaker 15: stop on ice with a Huffy. The bike would start

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Speaker 15: to slide out from under me and I would have

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Speaker 15: to try to land on the ground upright as the

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Speaker 15: bicycle gave way beneath me. That was my largest problem

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Speaker 15: in trying to get all those newspapers delivered in the

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Speaker 15: middle of winter. It was an interesting life at bailey

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Speaker 15: Brook Farm. The way we lived, the things we did,

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Speaker 15: the things we saw, and the people who came in

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00:55:29,280 --> 00:55:31,400
Speaker 15: and out of our lives were all very interesting and

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00:55:31,440 --> 00:55:34,160
Speaker 15: all very sweet. I don't know how those times could

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Speaker 15: ever be replicated or reclaimed. Maybe heaven is going back

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00:55:37,960 --> 00:55:41,239
Speaker 15: to the loveliest time you experienced as a child and

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00:55:41,320 --> 00:55:45,320
Speaker 15: reliving it over and over again. It would certainly feel

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00:55:45,320 --> 00:55:49,120
Speaker 15: like heaven to me if someday someone said, that's what

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00:55:49,160 --> 00:55:51,000
Speaker 15: it is, Bill, and we'll see you there.

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Speaker 3: Cole Kelly Financial Services eight eight eight eight hundred eight

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Speaker 3: teen eighty one.

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00:56:01,760 --> 00:56:05,680
Speaker 4: I'm Kelly Kelly from Kelly Financial. Retirement is a time

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00:56:05,719 --> 00:56:08,480
Speaker 4: to enjoy the fruits of your labor, but is also

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00:56:08,600 --> 00:56:12,600
Speaker 4: a period when financial stability becomes more critical than ever,

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00:56:12,880 --> 00:56:17,920
Speaker 4: so seeking expert financial advice is essential regardless of your age.

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00:56:18,120 --> 00:56:23,000
Speaker 4: Professional guidance insures your assets are allocated wisely, helping your

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00:56:23,040 --> 00:56:26,160
Speaker 4: money last as long as you need it. The advisors

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00:56:26,200 --> 00:56:29,000
Speaker 4: at Kelly Financial will help you take charge of your

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00:56:29,040 --> 00:56:32,960
Speaker 4: financial future and preserve your hard earned wealth to enable

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00:56:33,040 --> 00:56:36,160
Speaker 4: you to focus on the retirement you've dreamed of. We

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Speaker 4: have a free investor guide called designing your Fiscal House

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00:56:40,520 --> 00:56:43,960
Speaker 4: to Weather the Elements, which highlights the steps needed to

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00:56:44,000 --> 00:56:47,480
Speaker 4: build a balanced portfolio. For the guide and a free

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00:56:47,520 --> 00:56:51,239
Speaker 4: consultation with a Kelly advisor, call eight eight eight eight

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00:56:51,320 --> 00:56:56,400
Speaker 4: hundred eighteen eighty one or email Kelly at Kellyfinancial dot org.

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00:56:56,719 --> 00:56:59,680
Speaker 4: We're Kelly Financial. Come retire with.

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00:56:59,560 --> 00:57:04,960
Speaker 3: Us, Save money strategies with William Kelly and Kelly Kelly.

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00:57:05,320 --> 00:57:07,520
Speaker 3: Go to Kelly Financial dot org.