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Speaker 1: This is coming to us.

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Speaker 2: Ladies and gentlemen.

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Speaker 3: Welcome to Safe Money Strategies on WRKO. I'm William Kelly

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Speaker 3: and it's an honor to carry on a family legacy

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Speaker 3: rooted in real world values and practical advice. Kelly Financial

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Speaker 3: was founded in two thousand and three by my parents,

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

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

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

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Speaker 3: callin radio show focused on common sense planning and protecting wealth.

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Speaker 3: Over the past two decades, Dad became a pillar in

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Speaker 3: New England finance, an engineer turn entrepreneur, author and philanthropist

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Speaker 3: who believed in giving back and walking the talk. Since five,

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

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

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Speaker 3: seven hundred million dollars across our affiliated business, including more

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Speaker 3: than five hundred million dollars managed by our sec registered

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Speaker 3: investment advisory, where fiduciary care and our family first philosophy

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

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

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

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

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

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

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

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

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

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

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

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Speaker 3: Kelly Junior.

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Speaker 1: Safe Money Strategies with William Kelly and Kelly Kelly eight

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Speaker 1: 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: 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.

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Speaker 5: Good morning, William.

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Speaker 2: How are you. I'm fine, mob How are you.

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Speaker 5: I'm doing great. I'm doing great.

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Speaker 2: I know. We had a very successful event, didn't we

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Speaker 2: We did.

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Speaker 4: We did on October fifteenth, Wednesday afternoon, and it was

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Speaker 4: with Jeff koon Are at the iHeartMedia Studios and it

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Speaker 4: was just fabulous.

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Speaker 2: It really was.

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Speaker 3: Yeah.

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Speaker 2: We also had some advisors there.

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Speaker 3: Mike Ducett was there, Greg Workman was there, Greg Murray

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Speaker 3: was there, Greg Madalin was there.

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Speaker 4: Mike Ducett, who is also our chief operating officer, spoke

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Speaker 4: about our firms ninety eight percent client retention rate. That

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Speaker 4: is a testament to the trust and relationships that we

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Speaker 4: have built for more than two decades. Greg Workman focused

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Speaker 4: on what makes Kelly Financial different. He also spoke that

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Speaker 4: we are more focused on service than sales, and that

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Speaker 4: is a place where advisors can truly put clients first.

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Speaker 3: John Boutris is even there. Yes, and John is doing

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Speaker 3: really well. He was very happy to be there and

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Speaker 3: he announced. So before I tell you what he announced,

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Speaker 3: I'm going to give you some context. John has a

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Speaker 3: three decker house in Brockton It's been in his family

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Speaker 3: for generations, and I mean generations.

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Speaker 2: And my father, who.

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Speaker 3: Wrote Baileybrook Farm, you know, a memoir on his growing

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Speaker 3: up in a farm in Middletown, Rhode Island, he always

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Speaker 3: said to John how much he regretted selling that house.

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Speaker 3: I think even wrote in it in his book, Baileybrook Farm,

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Speaker 3: how he really regretted not being able to keep that farm.

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Speaker 3: And you know, the family sold it. And so he

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Speaker 3: always told John, no matter what, never sell that house,

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Speaker 3: never sell that house. And so John has never sold

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Speaker 3: the house. And instead he's decided, you know, for his legacy,

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Speaker 3: he's going to convert it into a hospice care foundation.

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Speaker 2: That's beautiful, isn't it. It's so John Boutris. It is

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Speaker 2: so John Boutris.

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Speaker 3: He'd always been talking about something along those lines, you know,

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Speaker 3: but he would kind of reminisce about it. But now

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Speaker 3: that he's actually doing that, it's just incredible. And I mean,

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Speaker 3: he is the planned down and ladies and gentlemen, I

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Speaker 3: think at some point we'll share more.

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Speaker 2: Details because I would.

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Speaker 3: I invite you to contribute if you can, and the

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Speaker 3: first and most important thing you can contribute is prayers.

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Speaker 2: That's the first thing, absolutely.

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Speaker 3: And the second thing is if it is totally appropriate

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Speaker 3: and okay with you, if you would like to donate.

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Speaker 3: I know it would help John tremendously because there's a

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Speaker 3: lot of funding I know he needs to get and

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Speaker 3: you know, John is very resourceful and I'm sure he'll

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Speaker 3: figure it out. Ladies and gentlemen, but I think we can.

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Speaker 5: Help out, and I think legally he has all of.

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Speaker 2: That set up. He does.

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Speaker 3: Yeah, so it's just obviously it's going to be a

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Speaker 3: process and it's going to take a couple of years.

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Speaker 3: But with his plan, it's very doable and he's very

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Speaker 3: organized and he knows the law and he knows what

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Speaker 3: things he needs to set up.

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Speaker 2: Funding is going to be a big part of it

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Speaker 2: as well. Yeah. Yeah, so we're going to.

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Speaker 3: See I'm just so excited for him because that's just beautiful.

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Speaker 4: And there will be the will you made Kelly Family Wing.

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Speaker 3: Yeah, he announced that at the endow it really was.

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Speaker 3: The event is recorded. I'm sure you'll find it if

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Speaker 3: you're part of our email blasts, I'm.

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Speaker 2: Sure you'll be able to see it.

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Speaker 5: Absolutely.

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Speaker 2: Yeah, it'll definitely be out.

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Speaker 3: I was able to meet a couple of folks who

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Speaker 3: are interested in getting my book, and they asked me,

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Speaker 3: where is your book, William, And unfortunately I had to

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Speaker 3: tell them that it's not out yet.

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Speaker 2: A little close is close close, that's true, So it's

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Speaker 2: almost out. It'll be out. I would say, give me

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Speaker 2: less than a month at tops and Ladies and gentlemen,

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Speaker 2: if you would like to get a free copy, let

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Speaker 2: us know.

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Speaker 4: Yes, Kelly Financial Services is paying for the first run.

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Speaker 2: Yes, ma'am, that's yes, and.

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Speaker 4: We will provide for our clients, for our listeners, friends, family,

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Speaker 4: Oh yeah, yes, and William will.

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Speaker 5: Be signing each and everyone and mailing them out.

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Speaker 3: That's right, right, So that'll be a lot of fun,

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Speaker 3: it will I'm looking forward to I'm really looking forward

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Speaker 3: to signing them. I'm looking forward to meeting people and

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Speaker 3: then when the look is out, I can't wait to

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Speaker 3: speak to folks about it. Jeff Coooner has been an

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Speaker 3: amazing salesman. He if you want someone to sell something

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Speaker 3: for you, you just talked to Jeff, Ladies and gentlemen,

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Speaker 3: I said this Wednesday night.

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Speaker 2: He knows how to market and he just he believes

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Speaker 2: in it.

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Speaker 5: You know, whatever it is that he believes in you William.

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Speaker 2: That's so sweet. He's been like a father to me

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Speaker 2: when I didn't have one. You know, he really helped

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Speaker 2: me grow up.

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Speaker 3: And you know, I wanted him to know that, because

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Speaker 3: that's true.

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Speaker 2: He was a father figure for me.

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Speaker 3: He was, you know, more than what he had done

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Speaker 3: in the in the career side for us, which is

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Speaker 3: more than enough. He also is on the family side

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Speaker 3: and the spiritual side.

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Speaker 2: Was a role model. He just he's a gift that

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Speaker 2: keeps on giving, you know. That's how I see it

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Speaker 2: is he is.

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Speaker 4: Wednesday night was like we were all sitting around like

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Speaker 4: our kitchen table kind.

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Speaker 2: Of that's a good way to put it, you know.

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Speaker 4: It was typically I get really nervous, and you don't.

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Speaker 4: I was a little bit still. Of course, something will

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Speaker 4: be weird if I went and you know, a little nervous, yes,

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Speaker 4: But but it was like we were sitting around our

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Speaker 4: kitchen table with all these wonderful people.

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Speaker 3: I felt my aunts and uncles and grandparents. It's literally

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Speaker 3: how it feels I grew up around them, you know.

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Speaker 3: And then I I'll see this one gentleman. I'm not

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Speaker 3: going to say his name, you know, to protect him,

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Speaker 3: but he's such a fine guy.

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Speaker 2: He reminds me of Joe a lot.

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Speaker 3: And I remember we we were talking. He said, I

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Speaker 3: remember he was a thick Italian accent. Yeah, Italian accent.

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Speaker 3: I love him to death. And he said, I remember

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Speaker 3: when you were this high. He said, I remember when

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Speaker 3: I first met your father. It's incredible how many people

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Speaker 3: come in and they just they speak about my dad.

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Speaker 3: And keep in mind, ladies and gentlemen, for those who

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Speaker 3: don't know. My dad passed away eight years ago, and generally,

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Speaker 3: and I don't mean this negatively, but sometimes people forget,

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Speaker 3: you know what I mean for my father to make

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Speaker 3: that much of an impact in this world where people

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Speaker 3: still come up and they talk about him like it

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Speaker 3: was yesterday. I remembered your father. I listened to your

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Speaker 3: father every weekend. I loved your father, you know. To

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Speaker 3: be honest, I expected to only hear that for the

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Speaker 3: first couple of years and then it be gone.

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Speaker 2: But here we are eight years later, Yeah, and it's

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Speaker 2: still these messages.

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Speaker 5: Are still influence. He will always influence us.

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Speaker 4: He always made me want to be a better person,

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Speaker 4: exact and I never wanted to let him down.

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Speaker 3: He inspires me and my businesses. He inspires Kelly Financial.

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Speaker 3: The reason why everybody dress is so sharp at Kelly

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Speaker 3: Financial is because of my father. The reason why we

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Speaker 3: care so much about family and God is because of

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Speaker 3: my father.

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Speaker 2: And you you know what I mean.

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Speaker 3: Keep mind you're a co founder and you know you're

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Speaker 3: you're just as Christian as my dad was.

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Speaker 6: Yeah.

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Speaker 5: I was always on the back end of.

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Speaker 3: Things, right, And you helped support him. Yeah, but he

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Speaker 3: was kind of the He was the leader, and now

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Speaker 3: you're the leader, and now we're all supporting you. And

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Speaker 3: he built the foundation he did, and look at it

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Speaker 3: now and just these incredible It inspires me, It inspires Murray,

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Speaker 3: Madeline inspires our advisors talk about it, and they didn't

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Speaker 3: know my dad personally.

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Speaker 5: I know, really, Greg Murray was the only one.

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Speaker 2: Yes.

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Speaker 6: And Greg was saying Wednesday night that he that it

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Speaker 6: was he came into this industry because of Bill Kelly,

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Speaker 6: and he worked with him for seven years and now.

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Speaker 7: It's been eight years that he's worked with me, just me,

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Speaker 7: and he makes fantastic He really is, Greg really is.

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Speaker 7: And tonight we're actually celebrating that's right.

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Speaker 2: We're going to Newport.

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Speaker 4: Special Dinner, a special restaurant, Ark cook House delicious, incredible place,

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Speaker 4: ladies and gentlemen.

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Speaker 5: It was your father's favorite.

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Speaker 3: The Clark Cookhouse was my dad's favorite. I think you

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Speaker 3: might have might have spent a little too much over there.

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Speaker 3: But you know, my dad was. He grew up very

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Speaker 3: poor and he was very proud of all the work

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Speaker 3: he was able to accomplish. Yes, as Jeff put it,

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Speaker 3: he was an old fashioned capitalist. It was like, you

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Speaker 3: know what you do well, you get wealthy, but then

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Speaker 3: you help everybody.

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Speaker 2: Yeah, you know what I mean.

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Speaker 3: And even said he's like, that's going away in America.

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Speaker 3: People are focusing too much on the numbers and the

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Speaker 3: spirit is out.

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Speaker 2: And I agree with Jeff.

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Speaker 3: I that's a type of capitalist I want to be.

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Speaker 3: That's a type of capitalist we are. We really love

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Speaker 3: our clients, we do, William, it's incredible. So this is

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Speaker 3: a gift. It's a gift from God. This company is

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Speaker 3: just a culmination of that. So we're very proud to

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Speaker 3: call all of you our clients. And if you're a prospect,

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Speaker 3: you're welcome to any of these events.

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Speaker 4: We love to meet absolutely absolutely well, said William.

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Speaker 5: Amen, do keep us on your dial.

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Speaker 4: We've got a lot of great content coming your way,

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Speaker 4: Mike do Said and Greg Workman. We'll share how one

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Speaker 4: couple nearing retirement found clarity and confidence by bringing every

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Speaker 4: part of their plan into focus. Mary, Madeline Kelly and

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Speaker 4: Greg Murray will be diving into a timely question should

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Speaker 4: you ever invest in gold or crypto? And what role,

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Speaker 4: if any, do they really play in a solid retirement strategy.

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Speaker 5: Will be with William.

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Speaker 4: We will reflect on the power of momentum, how small,

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Speaker 4: steady actions can shape real financial progress and peace of mind.

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Speaker 4: And of course we'll close the hour with some in

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Speaker 4: wisdom from.

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Speaker 5: The late Bill Kelly.

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Speaker 4: His words continue to inspire and guide us. That's a

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Speaker 4: wrap for forever, Young thank you for listening, and William,

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Speaker 4: thank you for joining me.

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Speaker 5: We'll be back with more content. I love you, Honey,

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Speaker 5: I love you too, Mama.

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Speaker 1: Kelly Financial Services eight eight hundred, eighteen eighty one. I

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Speaker 1: believe that this nation should commit itself we achieving.

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Speaker 8: The goal of landing a man on the Moon and

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Speaker 8: returning him safely to the Earth set.

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Speaker 9: Five four three two one zero all engine.

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Speaker 2: Run, Look God, Look God.

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Speaker 9: And to follow up, remember those Apollo Moon missions, one

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Speaker 9: of America's greatest adventures and achievements too. The nation set

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Speaker 9: a goal and then realized it. What are your goals

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Speaker 9: at Kelly Financial Services. We've got the right team and

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Speaker 9: technology to help launch your retirement planning. Let us help

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Speaker 9: you set and reach your goals for your greatest adventure

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Speaker 9: and achievement. Call us at eight eight eight eight hundred

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Speaker 9: and eighteen eighty one or visit us at Kellyfinancial dot org.

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Speaker 9: Where do you want to land with techuality, pavior be landed.

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Speaker 9: We are Kelly Financial Services. Come retire with us.

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Speaker 10: Okay, my friends, let me tell you about Kelly Financial Services.

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Speaker 2: What would you do if.

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Speaker 10: Your boss called you in tomorrow and said you're done, sayonara,

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Speaker 10: no more paycheck. For many Americans in their fifties and sixties,

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Speaker 10: that's not a hypothetical. Layoffs, buyouts, early retirements. They're happening

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Speaker 10: every single day, and if you're not prepared, it can

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Speaker 10: be devastating. That's why Kelly Financial created the ten step

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Speaker 10: Layoff Survival Guide. It's simple, clear, and practical. It shows

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Speaker 10: you how to figure out your living expenses, evaluate a

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Speaker 10: severance package, protect healthcare coverage, and make smart choices about

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Speaker 10: social security and retirement accounts. So if you are someone

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Speaker 10: you care about is facing a layoff or even considering

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Speaker 10: early retirement. You don't have to go through it alone.

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Speaker 10: Call Kelly Financial right now eight eight eight eight hundred

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Speaker 10: eighteen eighty one. Eight eight eight eight hundred eighteen eighty one.

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Speaker 10: Get your free copy today or email Kelly at Kellyfinancial

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Speaker 10: dot org. Kelly at Kelly Financial dot org.

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Speaker 8: Welcome back to Kelly Financial, Safe Money Strategies. I'm Mike

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Speaker 8: du Said, chief operating officer here at Kelly Financial Services.

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Speaker 8: Joining me as always is Greg Workman, our firms investment advisors.

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Speaker 2: Greg. Good to be with you again, Always great to

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Speaker 2: be here, Mike.

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Speaker 11: We've got a really interesting discussion lined up today, a

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Speaker 11: real world case study that I think a lot of

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Speaker 11: our listeners will be able to relate to.

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Speaker 8: Absolutely every week we talk about strategies to help you

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Speaker 8: plan and protect your retirement, but today we're going to

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Speaker 8: walk you through a real example of how we help

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Speaker 8: folks put those strategies into action. This week's case involves

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Speaker 8: a couple named Robert and Sheila Right.

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Speaker 11: Robert is fifty nine and Sheila is fifty seven. They

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Speaker 11: live on the Cell Shore, have four adult children, and

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Speaker 11: both are working full time Robert works on it and

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Speaker 11: Sheila is a registered nurse who has been with the

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Speaker 11: same hospital system for more than thirty years.

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Speaker 8: They're a hardworking couple, and like many of our listeners,

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Speaker 8: they've done a good job saving over the years.

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Speaker 2: Robert has about one point two million in his current

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Speaker 2: four oh one.

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Speaker 8: K, plus several IRA accounts that came from previous employer rollovers,

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Speaker 8: built up around seven hundred and fifty thousand in her

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Speaker 8: four h three B. They've also accumulated over one hundred

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Speaker 8: thousand savings and own a handful of CDs.

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Speaker 11: That's a strong foundation, but there's more to their story.

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Speaker 11: They still have a mortgage with several years left, and

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Speaker 11: they've been debating whether it makes sense to pay it

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Speaker 11: off before retirement.

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Speaker 2: On top of that, they're helping.

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Speaker 11: With a few small student loans for their kids, and

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Speaker 11: their youngest daughter is getting married next year. They have

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Speaker 11: generously set aside a seventy five thousand dollars budget for

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Speaker 11: her wedding.

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Speaker 8: So while they've saved well, they're juggling a lot of

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Speaker 8: moving parts, debt decisions, cash flow needs, and timing big expenses,

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Speaker 8: all while trying to plan for retirement. Sheelah will qualify

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Speaker 8: for a pension through her hospital, and they'll both be

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Speaker 8: eligible for social security. They want to make the right

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Speaker 8: choices with both, especially since longevity runs in their families, and.

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Speaker 11: Like so many people we meet, Roberts also starting to

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Speaker 11: question whether his investments match where he's about to be

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Speaker 11: in life. His four oh one K has been invested

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Speaker 11: pretty aggressively. He told us that he only changes allocations

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Speaker 11: every few years, usually after hearing an idea from a

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Speaker 11: colleague at work, but his gut is telling him it's

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Speaker 11: time to dial back the.

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Speaker 8: Risk exactly, and Shala mentioned that her four h three

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Speaker 8: B hasn't performed as well as she expected, especially given

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Speaker 8: how strong the markets have been. That raised another concern,

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Speaker 8: how their money is being managed and whether it's working

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Speaker 8: efficiently for them.

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Speaker 11: Their top concerns were clear running out of money, making

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Speaker 11: the wrong pension or social security decisions, and not knowing

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Speaker 11: if their investments were properly aligned with their goals.

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Speaker 8: And those are legitimate concerns because all of those decisions

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Speaker 8: are interconnected. The pension choice impacts source security timing, which

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Speaker 8: affects cash flow, taxes, and.

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Speaker 2: Ultimately how long their money will last.

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Speaker 11: That's why they reached out to us. They wanted clarity, structure,

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Speaker 11: and a plan that coordinates all the pieces their income, investments,

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Speaker 11: and tax strategy into one cohesive.

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Speaker 8: Roadmap exactly, and that's where the planning process really begins,

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Speaker 8: understanding their options and building confidence in the choices they make.

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Speaker 8: So let's start with Sheila's pension, because that was one

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Speaker 8: of her biggest questions.

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Speaker 11: Sheila has been a nurse for over thirty years, and

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Speaker 11: like many in the healthcare field, she will have a

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Speaker 11: pension through her hospital system. When we met with her,

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Speaker 11: she had a few different options. She could take a

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Speaker 11: lumps on payout, a single life annuity, or a joint

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Speaker 11: and survivor benefit that would continue income to Robert if

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Speaker 11: she predeceased him.

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Speaker 8: Correct, And what we explained to her is that the

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Speaker 8: right pension choice depends on several factors, health, longevity expectations,

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Speaker 8: other income sources, and how much flexibility they want in

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Speaker 8: their retirement income plan. For Robert and Sheila, longevity runs

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Speaker 8: in the family, so a lifetime income stream made a

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Speaker 8: lot of sense.

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Speaker 11: The joint and survivor option provided a bit less monthly

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Speaker 11: income up front, but it protected the surviving spouse for life.

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Speaker 11: It's not always the highest payout, but it is the

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Speaker 11: one that provides the highest level of peace of mind.

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Speaker 8: And that's the key. We also looked at the lump

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Speaker 8: sum option. Sometimes taking a lump sum can make sense

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Speaker 8: if you want more control or flexibility with how those

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Speaker 8: dollars are invested, but it also introduces market risk. In

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Speaker 8: their case, given shale As desire for predictable income, we

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Speaker 8: showed how the pension could fit neatly into a structured

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Speaker 8: income plan alongside Social Security, which.

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Speaker 11: Brings us to the next big question, when to start

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Speaker 11: taking Social Security. They're both leaning toward delaying because they're

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Speaker 11: in good health and longevity runs in the family, but

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Speaker 11: they really wanted to know how much of a difference

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Speaker 11: that would actually make.

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Speaker 8: Right and this is where math and planning really come together.

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Speaker 8: We ran multiple scenarios for them, claiming early, aiming at

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Speaker 8: full retirement age, and delaying until age seventy, and the.

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Speaker 11: Results surprised them. By delaying, they could increase their combined

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Speaker 11: lifetime Social Security benefits by more than two hundred thousand

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Speaker 11: dollars compared to claiming early. But it wasn't just about

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Speaker 11: maximizing benefits. It was about aligning the timing, what their

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Speaker 11: income needs and overall tax picture exactly.

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Speaker 2: For Robert and Shale, the goal was.

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Speaker 8: To cover their fixed expenses with guaranteed income Shales pension

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Speaker 8: and the delayed source security, and then use their investment

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Speaker 8: accounts for discretionary spending and future growth.

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Speaker 2: That's a smart way to structure it.

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Speaker 11: Once your essential expenses are covered by income sources that

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Speaker 11: you can't outlive, it takes the pressure off your portfolio,

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Speaker 11: not to mention, you don't have to worry about day

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Speaker 11: to day fluctuations.

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Speaker 2: In the stock market, or at least not as much.

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Speaker 8: And that's the foundation of what we call an income

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Speaker 8: first retirement plan. Start with predictable cash flow and then

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Speaker 8: build everything else around it. And that brings us to

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Speaker 8: the mid show break. After this, we'll dive into their

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Speaker 8: investment planning. How Robert and Shell evaluated risk, realigned their portfolios,

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Speaker 8: and prepared their money to support their retirement goals.

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Speaker 2: You're listening to safe money strategies, Stay tuned, We'll be

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Speaker 2: right back.

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Speaker 1: Kelly Financial Services eight eight eight eight hundred eighteen eighty one.

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Speaker 4: I'm Kelly Kelly from Kelly Financial is your financial advisor?

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Speaker 5: A fiduciary.

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Speaker 4: In other words, are they legally required to act in

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Speaker 4: your best interest. My complimentary book, Retire Your Fear, Plan

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00:21:39,400 --> 00:21:42,760
Speaker 4: Your Future explains what a fiduciary is and will help

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00:21:42,800 --> 00:21:46,280
Speaker 4: 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 eighteen

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

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

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Speaker 1: The money Wrap with Kelly Financial Advice, says Greg Murray

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Speaker 1: and Mary Madeline Kelly.

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Speaker 2: 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 9: Hi?

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Speaker 13: Greg, I am doing well. It has been a great week,

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Speaker 13: albeit a heavy one. Last Wednesday was the eighth anniversary

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Speaker 13: of my father's passing, and instead of being sad, we

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Speaker 13: decided to invite listeners to join us at wrko's iHeart

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Speaker 13: Studio for a day filled with fun, laughter and connection.

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Speaker 13: We all had a fabulous time exploring where the magic

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Speaker 13: happens for our show and being able to share the

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Speaker 13: relationship that my family shares with Jeff and his family.

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Speaker 12: It is definitely bittersweet. I spent seven years working and

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Speaker 12: learning with your father, and it's been eight years without him.

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Speaker 12: It was a nice celebration of life we had on Wednesday,

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Speaker 12: reminiscing about the time we spent with him and the

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Speaker 12: lessons he taught us, like do not eat off a knife.

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Speaker 13: He was notorious for having very specific superstitions. Eating off

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Speaker 13: of a knife is apparently bad luck. So I'm glad

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Speaker 13: he saved you from all of that. In other news,

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Speaker 13: I am excited for today's topic because this is one

445
00:23:12,680 --> 00:23:13,919
Speaker 13: that always sparks debate.

446
00:23:14,240 --> 00:23:17,040
Speaker 2: Should you ever invest in gold or crypto?

447
00:23:17,200 --> 00:23:19,560
Speaker 12: That's right, We get this question all the time. People

448
00:23:19,600 --> 00:23:22,000
Speaker 12: hear about gold being a safe haven in crypto being

449
00:23:22,000 --> 00:23:23,920
Speaker 12: the future of money, and they wonder if they should

450
00:23:23,960 --> 00:23:25,879
Speaker 12: jump in or stay far away.

451
00:23:25,880 --> 00:23:29,760
Speaker 13: Exactly, And the short answer is it depends. Both gold

452
00:23:29,800 --> 00:23:32,960
Speaker 13: and cryptocurrency can play a role in a portfolio, but

453
00:23:33,200 --> 00:23:35,880
Speaker 13: for very different reasons and in very small amounts.

454
00:23:36,080 --> 00:23:38,439
Speaker 12: We'll start with gold. Gold has been around for thousands

455
00:23:38,480 --> 00:23:41,120
Speaker 12: of years. It's often seen as a store of value,

456
00:23:41,240 --> 00:23:43,520
Speaker 12: something that holds its worth when markets get rocky or

457
00:23:43,560 --> 00:23:44,879
Speaker 12: inflation rises.

458
00:23:44,760 --> 00:23:48,119
Speaker 13: Right when people lose confidence in paper money or the

459
00:23:48,160 --> 00:23:51,560
Speaker 13: stock market. Gold tends to do well because it's tangible,

460
00:23:51,760 --> 00:23:53,560
Speaker 13: you can hold it, and it doesn't depend on a

461
00:23:53,600 --> 00:23:56,200
Speaker 13: company's earnings or government's promise to pay.

462
00:23:56,359 --> 00:23:59,240
Speaker 12: That's true, but the flip side is gold doesn't produce anything.

463
00:23:59,400 --> 00:24:02,480
Speaker 12: It doesn't pay dividends or interests. It's value comes mainly

464
00:24:02,520 --> 00:24:04,320
Speaker 12: from what people are willing to pay for it. So

465
00:24:04,400 --> 00:24:06,439
Speaker 12: while it can be a hedge, it's not an income

466
00:24:06,480 --> 00:24:08,080
Speaker 12: producing asset exactly.

467
00:24:08,240 --> 00:24:10,640
Speaker 13: So we usually tell clients that gold can be a

468
00:24:10,680 --> 00:24:14,000
Speaker 13: small part of a diversified portfolio, but it shouldn't be

469
00:24:14,080 --> 00:24:15,920
Speaker 13: the foundation of your retirement plan.

470
00:24:16,160 --> 00:24:18,040
Speaker 2: It's more like insurance. Well said.

471
00:24:18,119 --> 00:24:22,280
Speaker 12: Now let's talk about the newer, flashier topic cryptocurrency, bitcoin

472
00:24:22,400 --> 00:24:25,480
Speaker 12: ethereum in all the rest. This space has grown rapidly

473
00:24:25,520 --> 00:24:28,080
Speaker 12: in the last decade, but it's been extremely volatile.

474
00:24:28,240 --> 00:24:30,720
Speaker 13: Yes, crypto can swing ten percent or more in a

475
00:24:30,760 --> 00:24:31,320
Speaker 13: single day.

476
00:24:31,640 --> 00:24:33,320
Speaker 2: It's not for the faint of heart, but it.

477
00:24:33,280 --> 00:24:36,560
Speaker 13: Has attracted investors who see it as digital gold, meaning

478
00:24:36,640 --> 00:24:40,640
Speaker 13: an alternative store of value that's outside of traditional banking systems.

479
00:24:40,760 --> 00:24:44,040
Speaker 12: And while the technology behind it, the blockchain, is fascinating

480
00:24:44,080 --> 00:24:47,479
Speaker 12: and potentially useful in many industries, the currencies themselves are

481
00:24:47,560 --> 00:24:51,240
Speaker 12: very speculative. There's no central authority, no guaranteed backing, and

482
00:24:51,359 --> 00:24:53,480
Speaker 12: no clear long term track record like we have with

483
00:24:53,520 --> 00:24:54,400
Speaker 12: stocks or bonds.

484
00:24:54,560 --> 00:24:57,720
Speaker 13: So our message is usually if you're curious about crypto,

485
00:24:57,960 --> 00:25:01,240
Speaker 13: that's okay, but treat it like a speculator investment, something

486
00:25:01,280 --> 00:25:03,560
Speaker 13: you can afford to lose, but not twenty percent.

487
00:25:03,720 --> 00:25:05,119
Speaker 2: That's the key moderation.

488
00:25:05,560 --> 00:25:08,159
Speaker 12: You don't have to ignore gold or crypto completely, but

489
00:25:08,200 --> 00:25:10,280
Speaker 12: you also don't want to bet your retirement on them.

490
00:25:10,400 --> 00:25:13,600
Speaker 12: The foundation of your portfolio should still be well diversified,

491
00:25:13,800 --> 00:25:17,080
Speaker 12: time tested investments that produce income and long term growth.

492
00:25:17,200 --> 00:25:21,600
Speaker 13: Things like high quality stocks, bonds, and diversified funds are

493
00:25:21,640 --> 00:25:24,520
Speaker 13: what create real wealth over time. Gold and crypto can

494
00:25:24,560 --> 00:25:28,680
Speaker 13: add diversification or protection, but they're supporting players.

495
00:25:28,440 --> 00:25:29,480
Speaker 2: Not the stars of the show.

496
00:25:29,680 --> 00:25:32,240
Speaker 12: And another thing to keep in mind is emotional investing.

497
00:25:32,520 --> 00:25:35,040
Speaker 12: Both gold and crypto tend to surge when fear is high,

498
00:25:35,200 --> 00:25:37,960
Speaker 12: fear of inflation, fear of markets, fear of missing out,

499
00:25:38,280 --> 00:25:40,080
Speaker 12: and that can cause people to buy at the worst

500
00:25:40,119 --> 00:25:42,800
Speaker 12: possible time, when prices are already inflated.

501
00:25:43,040 --> 00:25:45,320
Speaker 2: Yes, that's a great point. We've seen it with both.

502
00:25:45,520 --> 00:25:48,640
Speaker 13: People rush into gold during recessions and into crypto during

503
00:25:48,640 --> 00:25:51,720
Speaker 13: booms and then regret it later. A calm, long term

504
00:25:51,760 --> 00:25:54,200
Speaker 13: plan always wins over emotional decisions.

505
00:25:54,320 --> 00:25:56,720
Speaker 12: So for anyone listening and wondering if they should own either,

506
00:25:56,960 --> 00:25:59,320
Speaker 12: the answer might be a little can be fine for

507
00:25:59,359 --> 00:26:01,920
Speaker 12: the right reason and in the right proportion, but your

508
00:26:01,920 --> 00:26:04,320
Speaker 12: financial future shouldn't hinge on either one.

509
00:26:04,480 --> 00:26:05,000
Speaker 2: Exactly.

510
00:26:05,359 --> 00:26:08,760
Speaker 13: If you're planning for retirement, you want assets that provide income,

511
00:26:09,160 --> 00:26:12,720
Speaker 13: growth and stability. Gold and crypto are more like side dishes,

512
00:26:12,960 --> 00:26:13,879
Speaker 13: not the main course.

513
00:26:14,040 --> 00:26:15,560
Speaker 12: I love that you can have a little taste, but

514
00:26:15,640 --> 00:26:18,000
Speaker 12: you can't live off of it, That's right.

515
00:26:18,200 --> 00:26:21,720
Speaker 13: So the takeaway here is gold and crypto both have roles,

516
00:26:22,040 --> 00:26:25,320
Speaker 13: but small ones use them to diversify or hedge, not

517
00:26:25,520 --> 00:26:28,440
Speaker 13: to replace the fundamentals of a solid financial plan.

518
00:26:28,480 --> 00:26:28,960
Speaker 2: Well said.

519
00:26:29,080 --> 00:26:31,160
Speaker 12: So if you're wondering how these types of investments might

520
00:26:31,160 --> 00:26:33,399
Speaker 12: fit into your own portfolio, come talk to us at

521
00:26:33,480 --> 00:26:36,000
Speaker 12: Kelly Financial. We'll help you understand where they may or

522
00:26:36,040 --> 00:26:37,920
Speaker 12: may not make sense in your overall.

523
00:26:37,640 --> 00:26:40,399
Speaker 13: Strategy, because at the end of the day, investing should

524
00:26:40,400 --> 00:26:43,880
Speaker 13: be about peace of mind, not chasing the next shiny object.

525
00:26:44,040 --> 00:26:44,520
Speaker 2: Exactly.

526
00:26:44,600 --> 00:26:46,320
Speaker 12: Well, that's going to wrap it up for us today.

527
00:26:46,400 --> 00:26:48,400
Speaker 12: Thank you for your time, Mary Madeline, and I'll talk

528
00:26:48,400 --> 00:26:49,000
Speaker 12: to you next week.

529
00:26:49,119 --> 00:26:50,120
Speaker 13: Thanks Greg, you too.

530
00:26:50,480 --> 00:26:53,720
Speaker 1: To get in touch with Greg Murray or Mary Madeline Kelly,

531
00:26:54,080 --> 00:26:57,400
Speaker 1: or any member of the Kelly Financial team, call at

532
00:26:57,640 --> 00:27:05,520
Speaker 1: eight eight hundred eighteen eighty one. Safe Money Strategies with

533
00:27:05,560 --> 00:27:09,520
Speaker 1: William Kelly and Kelly Kelly. Call the team on eight

534
00:27:09,760 --> 00:27:17,959
Speaker 1: eight hundred eighteen eighty one.

535
00:27:18,760 --> 00:27:21,520
Speaker 4: This is Kelly Kelly and I'm back with my son

536
00:27:21,640 --> 00:27:25,440
Speaker 4: William Kelly and we still have our minds on our

537
00:27:25,600 --> 00:27:31,520
Speaker 4: event earlier this week with wrko's Jeff Cooner at iHeartMedia

538
00:27:31,680 --> 00:27:36,680
Speaker 4: Studios for our Kelly Financial and Jeff Cooner Live event.

539
00:27:37,440 --> 00:27:39,080
Speaker 5: It was wonderful.

540
00:27:39,320 --> 00:27:43,639
Speaker 4: Clients and guests were connecting with Jeff, with us, with

541
00:27:43,760 --> 00:27:49,320
Speaker 4: our advisors, our Kelly Financial team. Throughout the event, the

542
00:27:49,440 --> 00:27:53,880
Speaker 4: room was full of energy and optimism as everyone came

543
00:27:54,000 --> 00:27:57,840
Speaker 4: together to talk about what truly matters at this time

544
00:27:57,920 --> 00:27:58,359
Speaker 4: of year.

545
00:27:58,840 --> 00:28:01,719
Speaker 3: You can really feel that exciting people were smiling, shaking

546
00:28:01,760 --> 00:28:03,720
Speaker 3: hands and getting to know other people behind the voices

547
00:28:03,720 --> 00:28:06,080
Speaker 3: they hear every week. Many of the people that were

548
00:28:06,080 --> 00:28:09,440
Speaker 3: longtime clients joining together to enjoy the afternoon and reconnect

549
00:28:09,440 --> 00:28:12,399
Speaker 3: with our team. Others were attending a Kelly Financial event

550
00:28:12,480 --> 00:28:15,000
Speaker 3: for the first time, curious to put faces to the

551
00:28:15,080 --> 00:28:16,200
Speaker 3: voices they hear every.

552
00:28:16,000 --> 00:28:17,200
Speaker 2: Week on WRKO.

553
00:28:17,800 --> 00:28:21,159
Speaker 3: That's what momentum looks like, showing up, participating, and taking

554
00:28:21,240 --> 00:28:23,080
Speaker 3: interest in your own financial wellbeing.

555
00:28:23,400 --> 00:28:27,760
Speaker 4: Our show has aired on WRKO since two thousand and five,

556
00:28:28,040 --> 00:28:32,640
Speaker 4: and our collaboration with Jeff Kooner began around twenty twelve,

557
00:28:33,240 --> 00:28:38,080
Speaker 4: and over those years we've shared countless on air conversations

558
00:28:38,200 --> 00:28:45,440
Speaker 4: about preparation, protection, and long term planning. Wednesday's event reflected

559
00:28:45,560 --> 00:28:49,920
Speaker 4: that same spirit education, connection and.

560
00:28:49,880 --> 00:28:54,600
Speaker 3: Purpose and momentum always begins with one intentional action. It

561
00:28:54,640 --> 00:28:57,960
Speaker 3: doesn't take a major change, just one small step. Scheduling

562
00:28:57,960 --> 00:29:02,200
Speaker 3: a review, updating beneficiaries are setting an extra percentage toward savings.

563
00:29:02,800 --> 00:29:05,400
Speaker 2: Each small move builds confidence and direction.

564
00:29:05,960 --> 00:29:09,840
Speaker 4: That afternoon also reminded us how important it is to

565
00:29:09,920 --> 00:29:15,480
Speaker 4: pause and reflect. October marks eight years since my husband

566
00:29:15,920 --> 00:29:20,040
Speaker 4: and William's father, Bill Kelly, passed away. Bill and I

567
00:29:20,120 --> 00:29:25,040
Speaker 4: co founded Kelly Financial Services more than two decades ago,

568
00:29:25,560 --> 00:29:31,400
Speaker 4: built on the principle that education and trust create lasting security.

569
00:29:32,000 --> 00:29:36,280
Speaker 4: Seeing that message still resonate with so many people meant

570
00:29:36,360 --> 00:29:38,200
Speaker 4: a great deal to both of us.

571
00:29:38,800 --> 00:29:42,960
Speaker 3: Momentum isn't only financial, it's generational in spirit. We saw

572
00:29:43,000 --> 00:29:47,360
Speaker 3: people of all ages, from newer investors to retirees, sharing ideas,

573
00:29:47,440 --> 00:29:52,200
Speaker 3: exchanging experiences, and taking something valuable away from the afternoon.

574
00:29:52,640 --> 00:29:55,520
Speaker 3: Whether you've been investing for decades or you're just beginning

575
00:29:55,560 --> 00:30:00,280
Speaker 3: to plan, those shared moments build confidence for the future.

576
00:30:00,320 --> 00:30:03,480
Speaker 4: Really is one of the best months to check in.

577
00:30:03,520 --> 00:30:06,440
Speaker 4: The years not over, but there's still time to make

578
00:30:06,560 --> 00:30:13,680
Speaker 4: thoughtful adjustments, rebalance allocations, review cash reserves, or plan charitable

579
00:30:13,760 --> 00:30:17,280
Speaker 4: giving before the holidays, and if you're retired, you can

580
00:30:17,320 --> 00:30:22,360
Speaker 4: make sure those required minimum distributions are handled early, not

581
00:30:22,560 --> 00:30:23,680
Speaker 4: rushed in December.

582
00:30:23,960 --> 00:30:27,560
Speaker 3: And I'd like to think of momentum as consistency over intensity.

583
00:30:28,000 --> 00:30:30,960
Speaker 3: It's not about doing everything at once. It's about staying consistent.

584
00:30:31,320 --> 00:30:34,760
Speaker 3: Pick one financial task this week and finish it. That

585
00:30:34,960 --> 00:30:38,160
Speaker 3: sense of completion builds motivation for the next step.

586
00:30:38,520 --> 00:30:45,200
Speaker 4: For some, it might mean simplifying organizing statements or consolidating accounts.

587
00:30:45,480 --> 00:30:49,680
Speaker 4: For others, it might mean confirming contributions or mapping out

588
00:30:49,800 --> 00:30:54,920
Speaker 4: charitable goals. Every bit of organization adds peace of mind.

589
00:30:55,240 --> 00:30:57,800
Speaker 3: And even beyond the financial steps, it's about creating a

590
00:30:57,840 --> 00:31:01,240
Speaker 3: rhythm that supports progress. You check your accounts once a

591
00:31:01,240 --> 00:31:04,320
Speaker 3: month or meet with your advisor every quarter. Those small

592
00:31:04,400 --> 00:31:06,880
Speaker 3: habits turn into a lifestyle, not a chore.

593
00:31:07,200 --> 00:31:12,239
Speaker 4: At Kelly Financial Services, our team of fiduciary advisors is

594
00:31:12,360 --> 00:31:17,560
Speaker 4: here to help clients keep that forward motion, steadily, calmly,

595
00:31:18,080 --> 00:31:21,600
Speaker 4: and in alignment with their values and goals. We see

596
00:31:21,640 --> 00:31:25,680
Speaker 4: our role as guides, helping people clarify where they are,

597
00:31:26,280 --> 00:31:29,560
Speaker 4: define where they want to be, and build a bridge

598
00:31:29,760 --> 00:31:30,600
Speaker 4: between the two.

599
00:31:31,000 --> 00:31:33,360
Speaker 2: Here's a quick checklist for this season. One.

600
00:31:33,680 --> 00:31:37,680
Speaker 3: Confirm your contribution levels. If possible, increase by even one

601
00:31:37,720 --> 00:31:42,560
Speaker 3: percent before you're end. Number two review beneficiaries and estate documents.

602
00:31:42,840 --> 00:31:46,760
Speaker 3: Make sure they reflect current wishes. Number three plan charitable

603
00:31:46,800 --> 00:31:49,560
Speaker 3: gifts early. Don't wait until December thirty first to make

604
00:31:49,560 --> 00:31:54,040
Speaker 3: an impact. Number four revisit cash reserves, keep six to

605
00:31:54,080 --> 00:31:58,640
Speaker 3: twelve months of expenses accessible. Number five schedule your year

606
00:31:58,800 --> 00:32:02,440
Speaker 3: end review. One conversation can clarify your whole plan.

607
00:32:02,880 --> 00:32:06,920
Speaker 4: Those five steps may seem small, but each one builds

608
00:32:07,000 --> 00:32:10,920
Speaker 4: confidence and control, and when you put them together, that

609
00:32:11,200 --> 00:32:14,840
Speaker 4: momentum steady, practical, and achievable.

610
00:32:15,160 --> 00:32:16,840
Speaker 3: And what I love about this time of the year

611
00:32:16,960 --> 00:32:20,280
Speaker 3: is the sense of renewal. It brings fall is a

612
00:32:20,320 --> 00:32:23,680
Speaker 3: reminder that change can be beautiful. Momentum doesn't mean rushing,

613
00:32:23,760 --> 00:32:25,960
Speaker 3: It just means being ready to learn more.

614
00:32:26,320 --> 00:32:31,040
Speaker 4: Request our complementary Ye're In checklist and action plan, or

615
00:32:31,160 --> 00:32:35,600
Speaker 4: schedule a conversation with one of our fiduciary advisors at

616
00:32:35,800 --> 00:32:39,960
Speaker 4: Kelly at Kellyfinancial dot org. Is an easy way to

617
00:32:40,040 --> 00:32:42,000
Speaker 4: take that first step forward.

618
00:32:42,360 --> 00:32:46,680
Speaker 3: Momentum begins with a single decision. The choice to take control,

619
00:32:46,920 --> 00:32:48,200
Speaker 3: learn and act.

620
00:32:48,520 --> 00:32:53,240
Speaker 4: The power of momentum starts with one small step. Let's

621
00:32:53,360 --> 00:32:54,960
Speaker 4: keep moving forward together.

622
00:32:55,560 --> 00:32:57,040
Speaker 2: Stay tuned, We'll be right back.

623
00:33:01,160 --> 00:33:05,200
Speaker 1: Safe money strategies brought to you by Kelly Financial Services.

624
00:33:05,440 --> 00:33:09,240
Speaker 1: Call eight A eight eight hundred eighteen eighty one or

625
00:33:09,280 --> 00:33:11,240
Speaker 1: visit Kellyfinancial dot org.

626
00:33:11,800 --> 00:33:15,760
Speaker 9: Ready to enjoy your golden years without worry. At Kelly Financial,

627
00:33:15,880 --> 00:33:19,240
Speaker 9: we know retirement planning can be overwhelming. With more than

628
00:33:19,280 --> 00:33:22,960
Speaker 9: twenty two years of experience, our friendly team of advisors

629
00:33:23,040 --> 00:33:26,200
Speaker 9: makes it easy and stress free. Trust us to help

630
00:33:26,240 --> 00:33:29,720
Speaker 9: you create a secure and enjoyable future. For a free

631
00:33:29,800 --> 00:33:34,080
Speaker 9: initial retirement consultation, call eight eight eight eight hundred eighteen

632
00:33:34,160 --> 00:33:37,880
Speaker 9: eighty one or email Kelly at Kelly Financial dot org.

633
00:33:38,120 --> 00:33:40,400
Speaker 9: We're Kelly Financial. Come retire with.

634
00:33:40,480 --> 00:33:45,400
Speaker 1: Us Safe Money Strategies with William Kelly and Kelly Kelly.

635
00:33:45,680 --> 00:33:49,960
Speaker 1: Call the team on eight at eight eight hundred eighteen eighty.

636
00:33:49,720 --> 00:33:50,960
Speaker 2: One key.

637
00:33:53,840 --> 00:33:55,080
Speaker 5: And we're back.

638
00:33:55,400 --> 00:33:59,080
Speaker 4: And as we continue today's show, I keep thinking about

639
00:33:59,120 --> 00:34:03,760
Speaker 4: Wednesday night, Kelly Financial and Jeff Kooner's live event at

640
00:34:03,800 --> 00:34:10,680
Speaker 4: iHeartMedia Studios. It was such a special evening. Guests met Jeff,

641
00:34:10,840 --> 00:34:14,640
Speaker 4: our team and our advisors, and we all shared so

642
00:34:14,680 --> 00:34:19,879
Speaker 4: many great conversations and stories. That's what happens when mindset

643
00:34:20,120 --> 00:34:22,400
Speaker 4: meets action exactly.

644
00:34:22,520 --> 00:34:24,879
Speaker 3: Mindset is what we believe. Action is what we do.

645
00:34:25,160 --> 00:34:29,120
Speaker 3: It's the bridge between intention and progress. That evening reminded

646
00:34:29,160 --> 00:34:32,040
Speaker 3: everyone it's not about perfection, it's about participation.

647
00:34:32,480 --> 00:34:35,960
Speaker 4: It's so hard to believe that we go back with

648
00:34:36,560 --> 00:34:42,000
Speaker 4: WRKO for twenty years, and Jeff, it's hard to believe

649
00:34:42,080 --> 00:34:46,480
Speaker 4: that it's been thirteen years. Over that time, our ongoing

650
00:34:46,520 --> 00:34:52,640
Speaker 4: conversations about preparation, protection and purpose have reached thousands of

651
00:34:52,800 --> 00:34:58,200
Speaker 4: listeners and families. Each event in every episode is another

652
00:34:58,400 --> 00:35:03,640
Speaker 4: step in helping people move from good intentions to clear action.

653
00:35:04,239 --> 00:35:07,160
Speaker 3: Mindset alone doesn't change your outcome. It's like standing at

654
00:35:07,200 --> 00:35:10,440
Speaker 3: the start of a race, believing you can run. Belief matters,

655
00:35:10,719 --> 00:35:13,040
Speaker 3: but movement gets you across the finish line. That's what

656
00:35:13,080 --> 00:35:16,319
Speaker 3: we help people do. Term belief into momentum, and.

657
00:35:16,280 --> 00:35:21,040
Speaker 4: If organization is on your mind, start small. Maybe it's

658
00:35:21,160 --> 00:35:25,120
Speaker 4: one folder, one password, list, one document.

659
00:35:25,239 --> 00:35:25,640
Speaker 14: Review.

660
00:35:26,280 --> 00:35:31,120
Speaker 4: Once you start, the resistance fades and the process gets easier.

661
00:35:31,520 --> 00:35:36,560
Speaker 3: Structure builds confidence, review monthly, evaluate quarterly, and plan annually.

662
00:35:37,160 --> 00:35:40,640
Speaker 3: That rhythm transforms into good intentions with real results.

663
00:35:41,280 --> 00:35:47,600
Speaker 4: For retirees, that might mean reviewing income distributions, confirming rmds,

664
00:35:47,880 --> 00:35:52,520
Speaker 4: and verifying cash reserves for next year. For those still working,

665
00:35:52,760 --> 00:35:57,960
Speaker 4: it could mean increasing retirement contributions or reviewing benefits during

666
00:35:57,960 --> 00:35:59,640
Speaker 4: the open enrollment period.

667
00:36:00,040 --> 00:36:03,760
Speaker 3: And for families, mindset meeting action can mean opening conversations,

668
00:36:04,120 --> 00:36:07,719
Speaker 3: not heavy or formal, but simple discussions about goals, wishes,

669
00:36:07,760 --> 00:36:11,160
Speaker 3: and priorities. That's how knowledge and legacy pass forward.

670
00:36:11,440 --> 00:36:16,040
Speaker 4: The most successful plans we see are those that reflect values,

671
00:36:16,440 --> 00:36:21,640
Speaker 4: providing for loved ones, giving back, and creating a meaningful impact.

672
00:36:22,200 --> 00:36:27,440
Speaker 4: Financial health and emotional wellbeing are closely connected. When people

673
00:36:27,640 --> 00:36:31,520
Speaker 4: understand why they're planning, the numbers take on purpose.

674
00:36:32,400 --> 00:36:36,120
Speaker 3: Wednesday also carried special meeting for our family. October fifteen

675
00:36:36,239 --> 00:36:39,280
Speaker 3: marked eight years since my father, Bill Kelly, passed away.

676
00:36:40,160 --> 00:36:42,800
Speaker 3: Continuing the company he co founded with my mother is

677
00:36:42,840 --> 00:36:46,560
Speaker 3: both a privilege and a responsibility, and his focus on

678
00:36:46,760 --> 00:36:50,799
Speaker 3: education and empowerment continues to guide everything we do.

679
00:36:51,120 --> 00:36:55,279
Speaker 4: Bill believed deeply in teaching people how money works, how

680
00:36:55,320 --> 00:36:58,279
Speaker 4: to protect what they've earned, and how to pass it

681
00:36:58,320 --> 00:37:03,319
Speaker 4: on wisely. Commitment to clarity is still at heart of

682
00:37:03,400 --> 00:37:07,759
Speaker 4: everything we share, whether on air or in our offices

683
00:37:07,960 --> 00:37:09,920
Speaker 4: or at events like the one this week.

684
00:37:10,120 --> 00:37:13,520
Speaker 3: That's the essence of mindset, meeting action, honoring where we've

685
00:37:13,560 --> 00:37:15,360
Speaker 3: been while still continuing to grow.

686
00:37:16,040 --> 00:37:20,320
Speaker 2: The best plans are never static. They evolve as life changes.

687
00:37:20,480 --> 00:37:22,480
Speaker 4: And this is a great time of the year to

688
00:37:22,560 --> 00:37:26,800
Speaker 4: act on that. Before the holidays begin. Take one afternoon

689
00:37:26,840 --> 00:37:30,240
Speaker 4: to look at your accounts, review your budget, and set

690
00:37:30,320 --> 00:37:34,600
Speaker 4: intentions for twenty twenty six. A little clarity now goes

691
00:37:34,680 --> 00:37:35,800
Speaker 4: a long way later.

692
00:37:36,040 --> 00:37:39,480
Speaker 3: There are a few simple steps to put mindset into motion. One,

693
00:37:39,800 --> 00:37:43,399
Speaker 3: identify one financial task to complete this week. It could

694
00:37:43,400 --> 00:37:46,480
Speaker 3: be organizing paperwork or setting up a meeting. Number two,

695
00:37:46,920 --> 00:37:51,959
Speaker 3: schedule your year end review before the holiday rush. Step three,

696
00:37:52,440 --> 00:37:55,640
Speaker 3: revisit your goals for twenty twenty six and write them down.

697
00:37:56,239 --> 00:37:59,400
Speaker 3: Step four, Talk with your family about your plan and

698
00:37:59,440 --> 00:38:00,480
Speaker 3: what matters most.

699
00:38:00,640 --> 00:38:05,839
Speaker 4: Those small steps add up. Every checklist completed, Every conversation

700
00:38:06,080 --> 00:38:10,520
Speaker 4: started builds confidence, and confidence builds calm for.

701
00:38:10,480 --> 00:38:11,759
Speaker 2: Those who couldn't attend the event.

702
00:38:11,960 --> 00:38:15,000
Speaker 3: We'll continue sharing similar insights right here every week on

703
00:38:15,080 --> 00:38:18,040
Speaker 3: Safe Money Strategies. There's always more to learn and more

704
00:38:18,080 --> 00:38:20,120
Speaker 3: ways to stay proactive and prepared.

705
00:38:20,480 --> 00:38:24,720
Speaker 4: To request our complementary you're in checklist and action plan,

706
00:38:25,239 --> 00:38:29,319
Speaker 4: or to meet with one of our fiduciary advisors, send

707
00:38:29,360 --> 00:38:34,000
Speaker 4: us an email at Kelly at Kellyfinancial dot org or

708
00:38:34,120 --> 00:38:36,960
Speaker 4: give us a call at eight eight eight eight hundred

709
00:38:37,160 --> 00:38:40,680
Speaker 4: eighteen eighty one. We'd be happy to help you take

710
00:38:40,760 --> 00:38:42,360
Speaker 4: that next step forward.

711
00:38:42,719 --> 00:38:46,480
Speaker 3: Mindset creates belief, action creates results.

712
00:38:46,800 --> 00:38:48,880
Speaker 2: Together they shape your financial future.

713
00:38:49,200 --> 00:38:52,240
Speaker 4: It's never too late to take that next step forward.

714
00:38:52,760 --> 00:38:59,200
Speaker 4: Stay tuned more financial content and conversations coming your way.

715
00:39:00,080 --> 00:39:04,080
Speaker 1: Safe Money Strategies brought to you by Kelly Financial Services.

716
00:39:04,280 --> 00:39:08,040
Speaker 1: Call eight eight eight eight hundred eighteen eighty one or

717
00:39:08,120 --> 00:39:10,120
Speaker 1: visit Kellyfinancial dot org.

718
00:39:11,200 --> 00:39:14,480
Speaker 8: Welcome back to Safe Money Strategies. I'm Mike dust, Chief

719
00:39:14,520 --> 00:39:18,840
Speaker 8: operating officer at Kelly Financial Services, joined by Greg Workman,

720
00:39:19,080 --> 00:39:19,680
Speaker 8: one of our.

721
00:39:19,560 --> 00:39:20,960
Speaker 2: Firm's investment advisors.

722
00:39:21,360 --> 00:39:24,160
Speaker 8: Before the break, we were talking about Robert and Shila,

723
00:39:24,600 --> 00:39:27,719
Speaker 8: a couple in their late fifties preparing for retirement. We

724
00:39:27,800 --> 00:39:31,040
Speaker 8: discussed their pension and source security options and how we

725
00:39:31,080 --> 00:39:34,040
Speaker 8: help them create an income first plan designed to last

726
00:39:34,080 --> 00:39:34,960
Speaker 8: through retirement.

727
00:39:35,200 --> 00:39:38,719
Speaker 11: Right now that their income foundation is in place, the

728
00:39:38,760 --> 00:39:41,960
Speaker 11: next step was to look at how their investments were positioned.

729
00:39:42,400 --> 00:39:44,720
Speaker 11: This is where we see a lot of people start

730
00:39:44,760 --> 00:39:49,120
Speaker 11: to second guess what is in their portfolio, especially as

731
00:39:49,160 --> 00:39:50,399
Speaker 11: retirement draws near.

732
00:39:50,640 --> 00:39:52,240
Speaker 2: That's a really important point.

733
00:39:52,320 --> 00:39:56,160
Speaker 8: When you're in you authorities or forties, being aggressive makes sense.

734
00:39:56,400 --> 00:39:59,120
Speaker 8: You've got time to recover from market downturns, but as

735
00:39:59,160 --> 00:40:02,480
Speaker 8: you approach retire your focus should start shifting from pure

736
00:40:02,520 --> 00:40:05,320
Speaker 8: growth to preservation and consistency.

737
00:40:05,520 --> 00:40:09,320
Speaker 11: Exactly when we reviewed Robert's accounts, we found that about

738
00:40:09,360 --> 00:40:13,920
Speaker 11: eighty percent of his portfolio had stock exposure. That's an

739
00:40:13,960 --> 00:40:17,920
Speaker 11: aggressive allocation for someone just a few years from retirement.

740
00:40:18,239 --> 00:40:21,400
Speaker 11: If the market had a major correction, he could easily

741
00:40:21,480 --> 00:40:24,799
Speaker 11: lose twenty five to thirty percent of its value in

742
00:40:24,880 --> 00:40:27,360
Speaker 11: a short period of time. And that's the kind of

743
00:40:27,440 --> 00:40:30,839
Speaker 11: hit that can derail even a well funded retirement.

744
00:40:30,960 --> 00:40:34,400
Speaker 8: We stress tested their portfolio to illustrate what would happen

745
00:40:34,400 --> 00:40:37,920
Speaker 8: if the market dropped right before or early in retirement.

746
00:40:38,120 --> 00:40:41,560
Speaker 8: It's a concept called sequence of returns risk. When big

747
00:40:41,560 --> 00:40:44,839
Speaker 8: market losses happen in the early years of retirement, they

748
00:40:44,840 --> 00:40:46,520
Speaker 8: can dramatically.

749
00:40:45,800 --> 00:40:47,360
Speaker 2: Shorten how long your money lasts.

750
00:40:47,640 --> 00:40:50,719
Speaker 11: Right If you're withdrawing income from your portfolio during a

751
00:40:50,760 --> 00:40:54,120
Speaker 11: down market, you're locking in those losses. You need your

752
00:40:54,160 --> 00:40:58,600
Speaker 11: portfolio not to only grow, but also to provide stability

753
00:40:58,800 --> 00:41:02,080
Speaker 11: and predictability when you start drawing down from it to

754
00:41:02,160 --> 00:41:03,880
Speaker 11: meet your monthly income needs.

755
00:41:03,960 --> 00:41:07,000
Speaker 8: For Robert and Sheila, the solution wasn't to go all

756
00:41:07,040 --> 00:41:09,600
Speaker 8: in or all out of the market. It was to

757
00:41:09,640 --> 00:41:12,840
Speaker 8: design a strategy that balanced growth, income, and safety.

758
00:41:12,960 --> 00:41:16,120
Speaker 11: We help them create what we call a bucket strategy,

759
00:41:16,320 --> 00:41:19,960
Speaker 11: dividing their money into different buckets based on when they

760
00:41:20,000 --> 00:41:20,439
Speaker 11: need it.

761
00:41:20,480 --> 00:41:22,799
Speaker 8: The first bucket is short term money they'll need in

762
00:41:22,840 --> 00:41:26,560
Speaker 8: the next three to five years. That includes cash reserves, savings,

763
00:41:26,640 --> 00:41:30,799
Speaker 8: and conservative investments designed to provide liquidity and stability.

764
00:41:30,880 --> 00:41:34,759
Speaker 11: The second bucket is designed for income investments that can

765
00:41:34,840 --> 00:41:39,720
Speaker 11: generate reliable cash flow for the next five to fifteen years.

766
00:41:40,040 --> 00:41:44,800
Speaker 11: This could include dividend paying funds, structured notes, or certain

767
00:41:44,880 --> 00:41:48,839
Speaker 11: types of fixed income and annuity products that provide guaranteed

768
00:41:49,360 --> 00:41:50,840
Speaker 11: or protected income.

769
00:41:50,960 --> 00:41:53,440
Speaker 8: And the third bucket is long term, the growth bucket.

770
00:41:53,640 --> 00:41:56,239
Speaker 8: That's where we want to keep money invested in equities

771
00:41:56,280 --> 00:41:59,640
Speaker 8: and growth oriented assets to outpace inflation and support the

772
00:41:59,719 --> 00:42:01,320
Speaker 8: later years of retirement.

773
00:42:01,440 --> 00:42:04,360
Speaker 11: What's nice about this approach is that it helps clients

774
00:42:04,360 --> 00:42:07,440
Speaker 11: see the big picture. When the market dips, they know

775
00:42:07,480 --> 00:42:10,280
Speaker 11: that the money they need right now is not at risk.

776
00:42:10,600 --> 00:42:14,719
Speaker 11: The longer term assets have time to recover. It reduces

777
00:42:14,760 --> 00:42:17,400
Speaker 11: anxiety and helps clients stay disciplined.

778
00:42:17,480 --> 00:42:19,960
Speaker 8: And for Shilo's four h three B, we discovered that

779
00:42:19,960 --> 00:42:22,279
Speaker 8: our account was invested in a mix of high fee

780
00:42:22,360 --> 00:42:26,560
Speaker 8: mutual funds and a fixed interest option that had been underperforming.

781
00:42:26,760 --> 00:42:30,080
Speaker 8: We helped her reallocate those funds more strategically to improve

782
00:42:30,160 --> 00:42:32,279
Speaker 8: growth potential while still controlling risk.

783
00:42:32,560 --> 00:42:37,239
Speaker 11: Once we consolidated their old iras and adjusted their overall allocation,

784
00:42:37,760 --> 00:42:41,520
Speaker 11: they went from a patchwork of disconnected accounts and rates

785
00:42:41,560 --> 00:42:46,719
Speaker 11: of return to a coordinated, cohesive plan. We also discussed

786
00:42:46,840 --> 00:42:50,839
Speaker 11: ongoing management, because retirement planning is not just a set

787
00:42:50,880 --> 00:42:53,200
Speaker 11: it and forget it exercise exactly.

788
00:42:53,239 --> 00:42:57,439
Speaker 8: Markets change, tax laws change, and personal goals evolve. Having

789
00:42:57,440 --> 00:43:01,279
Speaker 8: a professional team monitor and rebalance accounts ensures that the

790
00:43:01,320 --> 00:43:04,400
Speaker 8: strategies stay aligned with your retirement plan.

791
00:43:04,280 --> 00:43:06,719
Speaker 11: And that's one of the benefits of working with the

792
00:43:06,719 --> 00:43:12,000
Speaker 11: financial professionals at Kelly Financial. Would provide ongoing portfolio management

793
00:43:12,160 --> 00:43:15,680
Speaker 11: and regular reviews to make sure our clients stay on track,

794
00:43:15,880 --> 00:43:19,879
Speaker 11: not just leading up to retirement, but throughout retirements.

795
00:43:19,960 --> 00:43:22,319
Speaker 8: That's right. We just don't build a plan. We walk

796
00:43:22,360 --> 00:43:24,919
Speaker 8: you through every phase of retirement.

797
00:43:24,400 --> 00:43:26,920
Speaker 11: Which brings us to the final part of Robert and

798
00:43:26,960 --> 00:43:31,040
Speaker 11: Sheila's story, how we help them address taxes, account titling

799
00:43:31,400 --> 00:43:35,160
Speaker 11: and making sure everything passes efficiently to their family.

800
00:43:35,320 --> 00:43:38,640
Speaker 8: Taxes are one of the most overlooked parts of retirement planning.

801
00:43:38,760 --> 00:43:41,560
Speaker 8: Many people focus on building their nest egg, but not

802
00:43:41,719 --> 00:43:44,759
Speaker 8: enough on how to withdraw that money efficiently right.

803
00:43:45,080 --> 00:43:47,000
Speaker 2: Robert and Sheila were no different.

804
00:43:47,280 --> 00:43:51,080
Speaker 11: They wanted to understand the tax implications of their withdrawals

805
00:43:51,320 --> 00:43:55,320
Speaker 11: and how to minimize what they'd owe the irs over taught.

806
00:43:55,400 --> 00:43:58,680
Speaker 8: When we reviewed their situation, we found that nearly all

807
00:43:58,719 --> 00:44:01,520
Speaker 8: of their retirement saving were in pre tax accounts.

808
00:44:01,640 --> 00:44:05,160
Speaker 2: There four one K, four three B and iras.

809
00:44:05,280 --> 00:44:07,960
Speaker 8: That means every dollar day withdraw will be taxed as

810
00:44:08,080 --> 00:44:09,640
Speaker 8: ordinary income in retirement.

811
00:44:09,760 --> 00:44:12,720
Speaker 11: We explained how that could create a bigger tax burden

812
00:44:12,800 --> 00:44:18,680
Speaker 11: down the road, especially when required minimum distributions or rmds begin,

813
00:44:19,160 --> 00:44:23,359
Speaker 11: So we introduced the idea of tax diversification, not just

814
00:44:23,440 --> 00:44:27,920
Speaker 11: investing for growth, but planning which buckets those withdrawals come from.

815
00:44:27,960 --> 00:44:31,040
Speaker 8: One of the strategies we discussed was a ROTH conversion plan,

816
00:44:31,480 --> 00:44:35,480
Speaker 8: gradually moving some money from their traditional iras into ROTH

817
00:44:35,560 --> 00:44:39,040
Speaker 8: accounts over several years that allows them to pay taxes

818
00:44:39,080 --> 00:44:42,960
Speaker 8: now at potentially lower rates and enjoy tax free withdrawals

819
00:44:43,040 --> 00:44:44,080
Speaker 8: later in retirement.

820
00:44:44,160 --> 00:44:47,520
Speaker 11: We also looked at ways to structure their withdrawals strategically

821
00:44:47,760 --> 00:44:52,440
Speaker 11: once they retire, drawing first from taxable accounts, then pre

822
00:44:52,560 --> 00:44:57,040
Speaker 11: tax accounts, and finally WROTH to help manage their tax

823
00:44:57,080 --> 00:44:59,880
Speaker 11: brackets and make their money last longer.

824
00:45:00,040 --> 00:45:03,440
Speaker 8: Another important discussion was around social security and pension taxation.

825
00:45:03,840 --> 00:45:06,200
Speaker 8: A lot of retirees are surprised to learn that a

826
00:45:06,280 --> 00:45:09,520
Speaker 8: portion of those benefits can be tax depending on total income.

827
00:45:09,719 --> 00:45:13,439
Speaker 8: By coordinating when and how they take distributions, we can

828
00:45:13,520 --> 00:45:16,440
Speaker 8: often keep their taxable income in a lower range, and.

829
00:45:16,400 --> 00:45:19,400
Speaker 11: While we're not accountants, we work closely with our clients'

830
00:45:19,440 --> 00:45:24,400
Speaker 11: tax professionals to ensure that everything works together. The investment plan,

831
00:45:24,640 --> 00:45:27,160
Speaker 11: the income plan, and the tax plan.

832
00:45:27,320 --> 00:45:31,040
Speaker 8: It's all about integration because each piece affects the others.

833
00:45:31,280 --> 00:45:34,880
Speaker 11: The final piece of Robert and Sheila's plan was a

834
00:45:34,960 --> 00:45:38,880
Speaker 11: state and account organization. They already had a will and

835
00:45:38,960 --> 00:45:42,120
Speaker 11: trust in place, which is great, but they weren't sure

836
00:45:42,360 --> 00:45:45,960
Speaker 11: if all their investment accounts were titled correctly or if

837
00:45:45,960 --> 00:45:49,839
Speaker 11: their beneficiary designation matched their state documents.

838
00:45:49,960 --> 00:45:52,719
Speaker 8: That's something we check for every client. We reviewed all

839
00:45:52,760 --> 00:45:56,760
Speaker 8: their account titling and beneficiary forms to make sure everything

840
00:45:56,840 --> 00:45:59,600
Speaker 8: aligned with their trust. It's one of those details that

841
00:45:59,600 --> 00:46:02,600
Speaker 8: can save families a lot of time, stress, and money

842
00:46:02,600 --> 00:46:03,160
Speaker 8: down the road.

843
00:46:03,360 --> 00:46:07,040
Speaker 11: We also talked about how making sure their adult children

844
00:46:07,160 --> 00:46:11,960
Speaker 11: knew where to find key documents like the trust, insurance policies,

845
00:46:12,360 --> 00:46:16,880
Speaker 11: and financial statements in case something unexpected happens.

846
00:46:17,080 --> 00:46:20,040
Speaker 8: It's not the most exciting part of planning, but it's

847
00:46:20,120 --> 00:46:22,719
Speaker 8: one of the most important. A solid a state plan

848
00:46:22,840 --> 00:46:26,520
Speaker 8: ensures that your assets pass smoothly and according to youall wishes.

849
00:46:26,680 --> 00:46:29,520
Speaker 11: When all is said and done, Robert and Sheila walked

850
00:46:29,520 --> 00:46:33,640
Speaker 11: away feeling confident they had a structured income plant, an

851
00:46:33,640 --> 00:46:38,680
Speaker 11: investment strategy that balanced growth and protection, a tax roadmap

852
00:46:38,760 --> 00:46:42,320
Speaker 11: to minimize what they owe, and the peace of mind

853
00:46:42,560 --> 00:46:45,040
Speaker 11: knowing that their estate plan was in order.

854
00:46:45,239 --> 00:46:47,399
Speaker 2: That's the power of having a comprehensive plan.

855
00:46:47,640 --> 00:46:49,880
Speaker 8: And for our listeners, if you'd like to take the

856
00:46:49,880 --> 00:46:52,239
Speaker 8: first step in that process, we invite you to call

857
00:46:52,320 --> 00:46:55,960
Speaker 8: our office and request your complementary copy of our planning workbook,

858
00:46:56,160 --> 00:46:57,319
Speaker 8: Safe Money Strategies.

859
00:46:57,480 --> 00:46:58,040
Speaker 2: That's right.

860
00:46:58,400 --> 00:47:01,799
Speaker 11: The workbook is the very first step in our retirement

861
00:47:01,960 --> 00:47:05,960
Speaker 11: planning process. It helps you identify where you are today

862
00:47:06,160 --> 00:47:09,320
Speaker 11: and the steps you can take to protect your future.

863
00:47:09,440 --> 00:47:11,440
Speaker 2: You can request a copy by calling the office.

864
00:47:11,520 --> 00:47:13,600
Speaker 8: We'll send it right out to you and from there

865
00:47:13,680 --> 00:47:16,920
Speaker 8: we'll schedule a complimentary consultation with one of our advisors,

866
00:47:17,200 --> 00:47:19,080
Speaker 8: just like we did with Robert and Sheila.

867
00:47:19,280 --> 00:47:21,800
Speaker 11: Whether you would like to meet in our Brain Tree office,

868
00:47:21,920 --> 00:47:25,960
Speaker 11: our Burlington location, or virtually from home, will make the

869
00:47:26,000 --> 00:47:30,959
Speaker 11: process easy and convenient. At Kelly Financial Services, our goal

870
00:47:31,040 --> 00:47:34,560
Speaker 11: is to help you retire with confidence, security and peace

871
00:47:34,600 --> 00:47:35,040
Speaker 11: of mind.

872
00:47:35,520 --> 00:47:38,120
Speaker 2: With that, I'm Greg Workman and I'm Mike du said.

873
00:47:38,280 --> 00:47:40,839
Speaker 8: Thanks for joining us today on safe money strategies.

874
00:47:41,040 --> 00:47:42,240
Speaker 2: We'll see you next week.

875
00:47:47,080 --> 00:47:51,200
Speaker 10: Joining me now as she always does at this time.

876
00:47:51,719 --> 00:47:57,560
Speaker 10: She's the co founder, CEO, president of Kelly Financial Services

877
00:47:58,120 --> 00:48:03,279
Speaker 10: and yes, that is her wonderful name, Kelly Kelly, a

878
00:48:03,440 --> 00:48:05,480
Speaker 10: double Kelly Kelly.

879
00:48:05,760 --> 00:48:10,080
Speaker 2: How are you good morning, Jeff? I am good.

880
00:48:10,480 --> 00:48:13,719
Speaker 4: October is one of the best times to step back

881
00:48:13,760 --> 00:48:17,400
Speaker 4: and ask do I need a second opinion on my finances.

882
00:48:17,640 --> 00:48:20,600
Speaker 4: We're in the final quarter of the year and before

883
00:48:20,640 --> 00:48:23,759
Speaker 4: the holidays get busy, this's the perfect time to take

884
00:48:23,800 --> 00:48:27,239
Speaker 4: a fresh look. Maybe you're comfortable with your plan and

885
00:48:27,320 --> 00:48:31,320
Speaker 4: a second opinion simply confirms that, or it might reveal

886
00:48:31,440 --> 00:48:35,360
Speaker 4: small adjustments that make a big difference. At Kelly Financial,

887
00:48:35,600 --> 00:48:40,120
Speaker 4: our fiduciary advisors review your current allocations.

888
00:48:39,280 --> 00:48:41,800
Speaker 5: And highlight areas that may need.

889
00:48:41,719 --> 00:48:43,640
Speaker 2: Attention so you can head.

890
00:48:43,440 --> 00:48:47,560
Speaker 4: Into the holidays with clarity and confidence. Don't wait until

891
00:48:47,680 --> 00:48:50,800
Speaker 4: year end. October's the time to know where you stand.

892
00:48:51,040 --> 00:48:54,880
Speaker 4: Request our free investor guide the value of an objective opinion,

893
00:48:55,160 --> 00:48:59,600
Speaker 4: and schedule your complimentary appointment. Jeff, have a wonderful weekend,

894
00:48:59,640 --> 00:49:01,719
Speaker 4: my grace and the kiddos.

895
00:49:02,040 --> 00:49:03,000
Speaker 10: Thank you, Kelly.

896
00:49:03,120 --> 00:49:04,160
Speaker 2: All the best to you.

897
00:49:04,200 --> 00:49:07,279
Speaker 10: And everyone at Kelly Financial. If you want to get

898
00:49:07,280 --> 00:49:10,839
Speaker 10: a free retirement consultation or get a copy of their guide,

899
00:49:11,120 --> 00:49:15,040
Speaker 10: call now eight eighty eight eight hundred eighteen eighty one

900
00:49:15,280 --> 00:49:19,160
Speaker 10: eight eighty eight eight hundred eighteen eighty one, or email

901
00:49:19,320 --> 00:49:26,200
Speaker 10: Kelly at Kellyfinancial dot org. That's Kelly at Kellyfinancial dot org.

902
00:49:31,120 --> 00:49:38,680
Speaker 1: Safe Money Strategies at eight eight hundred one eight eight one.

903
00:49:39,760 --> 00:49:42,800
Speaker 4: So much of what Bill shared on the radios still

904
00:49:42,880 --> 00:49:47,560
Speaker 4: feels just as relevant today. In this next reflection, he

905
00:49:47,680 --> 00:49:51,560
Speaker 4: takes us back to a simpler time, when life was leaner,

906
00:49:52,120 --> 00:49:56,080
Speaker 4: lessons were harder earned, and dreaming big was still part

907
00:49:56,120 --> 00:49:59,719
Speaker 4: of growing up. He reminds us that progress isn't just

908
00:49:59,800 --> 00:50:05,239
Speaker 4: a about technology or convenience, It's about perseverance, faith, and

909
00:50:05,280 --> 00:50:06,440
Speaker 4: the freedom to dream.

910
00:50:06,960 --> 00:50:08,120
Speaker 2: Here's Bill Kelly.

911
00:50:09,480 --> 00:50:12,160
Speaker 14: Our parents had so much on their family plate. We

912
00:50:12,200 --> 00:50:15,000
Speaker 14: didn't even have seat belts in our car. Imagine that

913
00:50:15,880 --> 00:50:18,680
Speaker 14: there was no air conditioning in either our car or home.

914
00:50:19,040 --> 00:50:20,919
Speaker 14: As a matter of fact, half the time we had

915
00:50:20,960 --> 00:50:24,120
Speaker 14: no heat. We had one bathroom for ten people and

916
00:50:24,200 --> 00:50:28,760
Speaker 14: three bedrooms for five and eventually seven kids. My parents

917
00:50:28,840 --> 00:50:31,440
Speaker 14: had their own bedroom on the first floor, and Graap

918
00:50:31,480 --> 00:50:33,839
Speaker 14: and I had ours on the first floor. The fact

919
00:50:33,920 --> 00:50:36,920
Speaker 14: I bunked with Gramp was good for me logistically because

920
00:50:36,960 --> 00:50:39,200
Speaker 14: I could get to the cupboards and indulge my cookie

921
00:50:39,200 --> 00:50:42,319
Speaker 14: addiction without having to go down the stairs from the

922
00:50:42,360 --> 00:50:45,120
Speaker 14: second floor. If I slept on the second floor, the

923
00:50:45,160 --> 00:50:48,120
Speaker 14: game would be up because the stairs made so much noise,

924
00:50:48,560 --> 00:50:50,560
Speaker 14: So bunking with Gramp was okay by me.

925
00:50:51,440 --> 00:50:52,560
Speaker 2: We didn't have cell phones.

926
00:50:52,600 --> 00:50:54,880
Speaker 14: Of course, we had a two party phone, and we

927
00:50:54,960 --> 00:50:57,800
Speaker 14: did indeed listen to that second party whenever we could.

928
00:50:58,440 --> 00:51:01,400
Speaker 14: Being curious children, we wanted to know what was going

929
00:51:01,440 --> 00:51:04,719
Speaker 14: on at our neighbor's house. I think we're on our

930
00:51:04,760 --> 00:51:08,279
Speaker 14: third set of laptops at my house these days. My

931
00:51:08,400 --> 00:51:12,200
Speaker 14: daughter Mary Madeline has her third cell phone in six years.

932
00:51:12,800 --> 00:51:15,960
Speaker 14: Every time I replace my cell phone, I can predict

933
00:51:16,040 --> 00:51:18,719
Speaker 14: what's going to happen. The people in my house are

934
00:51:18,719 --> 00:51:20,359
Speaker 14: going to see it, but they're not going to ask

935
00:51:20,400 --> 00:51:22,319
Speaker 14: for it. They're just going to look at it for

936
00:51:22,320 --> 00:51:25,200
Speaker 14: a few months. Then they're going to talk about how

937
00:51:25,320 --> 00:51:28,600
Speaker 14: nice it is and say, gee, I wish I had

938
00:51:28,600 --> 00:51:31,360
Speaker 14: this feature on my cell phone because if I did, pop,

939
00:51:31,400 --> 00:51:33,440
Speaker 14: I'd be able to get in touch with you more quickly.

940
00:51:34,200 --> 00:51:38,080
Speaker 14: It's an amazing, amazing time. Technology is moving so fast

941
00:51:38,120 --> 00:51:41,760
Speaker 14: and kids are growing up so fast, maybe too fast.

942
00:51:43,239 --> 00:51:46,280
Speaker 14: The technological aspect of living in the twenty first century

943
00:51:46,360 --> 00:51:49,799
Speaker 14: is incredible. But as a nation, I think we're regressing.

944
00:51:50,239 --> 00:51:53,279
Speaker 14: We're abandoning our quest for knowledge of outer space in

945
00:51:53,320 --> 00:51:58,000
Speaker 14: the moon because we're going broke. Our ability to dream

946
00:51:58,160 --> 00:52:01,680
Speaker 14: is also being thwarted. Art Williams is one of the

947
00:52:01,719 --> 00:52:05,600
Speaker 14: motivational speakers I admire. He says, just do it and

948
00:52:05,640 --> 00:52:08,720
Speaker 14: stop talking. It's a pretty good way to look at things.

949
00:52:09,400 --> 00:52:12,400
Speaker 14: Do the best you can, do all you can, whenever

950
00:52:12,440 --> 00:52:14,960
Speaker 14: you can, and that will take you a long way

951
00:52:15,000 --> 00:52:19,200
Speaker 14: towards success. It's not a guaranteed formula, but it certainly

952
00:52:19,280 --> 00:52:21,600
Speaker 14: is a good way to start. Art Williams is a

953
00:52:21,640 --> 00:52:24,239
Speaker 14: brilliant man, and he follows the boy Scout code. I

954
00:52:24,280 --> 00:52:28,880
Speaker 14: can tell you he is trustworthy, loyal, and reverent, and

955
00:52:28,920 --> 00:52:32,040
Speaker 14: he's given hundreds of millions of dollars to Christian causes.

956
00:52:32,520 --> 00:52:34,960
Speaker 14: Art was a football coach who wanted to save thirty

957
00:52:35,000 --> 00:52:38,200
Speaker 14: five thousand dollars in order to augment his teacher's pension,

958
00:52:38,520 --> 00:52:41,360
Speaker 14: and he ended up selling about one hundred billion dollars

959
00:52:41,400 --> 00:52:44,080
Speaker 14: worth of term life insurance. I think he did it

960
00:52:44,080 --> 00:52:47,439
Speaker 14: in one year, his best year. So Art Williams formed

961
00:52:47,440 --> 00:52:51,080
Speaker 14: an insurance company that is now Primerica. He was given

962
00:52:51,120 --> 00:52:54,359
Speaker 14: the freedom to dream, but I think we're suffocating the

963
00:52:54,400 --> 00:52:57,799
Speaker 14: ability of this generation to dream. It's a mistake to

964
00:52:57,880 --> 00:53:00,960
Speaker 14: limit people. If we have kids waiting for a handout

965
00:53:01,000 --> 00:53:04,080
Speaker 14: from the government instead of being self reliant, and if

966
00:53:04,120 --> 00:53:07,920
Speaker 14: they don't learn it's okay to win or lose in competitions,

967
00:53:08,040 --> 00:53:12,040
Speaker 14: they'll never learn to strive. We should embrace exceptionalism rather

968
00:53:12,080 --> 00:53:14,480
Speaker 14: than make it a dirty word. We don't want to

969
00:53:14,520 --> 00:53:17,680
Speaker 14: bully kids or hurt them physically, but we certainly want

970
00:53:17,719 --> 00:53:20,080
Speaker 14: them to know that competition can be a great tool.

971
00:53:21,080 --> 00:53:23,880
Speaker 14: One of the greatest experiences of my life was winning

972
00:53:23,920 --> 00:53:27,719
Speaker 14: a mile race because I'd never run it before and

973
00:53:27,800 --> 00:53:31,239
Speaker 14: I thought it was impossible. I did it because our

974
00:53:31,280 --> 00:53:33,880
Speaker 14: track team needed someone to fill in for the fellow

975
00:53:33,920 --> 00:53:36,480
Speaker 14: who usually ran it. I was a sprinter, but I

976
00:53:36,520 --> 00:53:38,840
Speaker 14: was able to win a mile race in high school

977
00:53:39,160 --> 00:53:42,120
Speaker 14: only through the grace of God. Do you know what

978
00:53:42,280 --> 00:53:45,960
Speaker 14: inspired me while I was running that race. I was

979
00:53:46,000 --> 00:53:49,279
Speaker 14: thinking about Bill Russell the entire time and how he

980
00:53:49,400 --> 00:53:52,880
Speaker 14: overcame such adversity when he was matched up against the

981
00:53:52,880 --> 00:53:56,719
Speaker 14: great basketball centers of his day, the Will chamberlains Can,

982
00:53:56,800 --> 00:54:00,359
Speaker 14: the Nate Thurmons. He always found a way to outsmart them,

983
00:54:00,560 --> 00:54:02,839
Speaker 14: and he didn't have to score to win. He knew

984
00:54:02,840 --> 00:54:05,040
Speaker 14: if he was a genius on defense, he could be

985
00:54:05,080 --> 00:54:07,520
Speaker 14: a Hall of Fame player and a champion, which he

986
00:54:07,680 --> 00:54:10,040
Speaker 14: is to this day. So kids need to be able

987
00:54:10,080 --> 00:54:12,520
Speaker 14: to dream. Kids need to know that if they have

988
00:54:12,600 --> 00:54:14,600
Speaker 14: a dream, there's a chance for it to happen in

989
00:54:14,640 --> 00:54:15,240
Speaker 14: their lives.

990
00:54:15,640 --> 00:54:16,359
Speaker 2: They need that.

991
00:54:17,200 --> 00:54:19,520
Speaker 14: We didn't have a school psychologist, and we didn't have

992
00:54:19,560 --> 00:54:22,520
Speaker 14: a policeman to guard the school. I was shocked to

993
00:54:22,560 --> 00:54:26,040
Speaker 14: find out most middle schools have a police officer nowadays.

994
00:54:26,680 --> 00:54:29,400
Speaker 14: Some large high schools have three or four police officers

995
00:54:29,440 --> 00:54:32,600
Speaker 14: assigned to them. We never had such a thing. We

996
00:54:32,719 --> 00:54:35,480
Speaker 14: had only Uncle Jesse. We didn't seem to have as

997
00:54:35,520 --> 00:54:39,440
Speaker 14: many autistic children as we have nowadays. It's a problem.

998
00:54:40,000 --> 00:54:43,359
Speaker 14: We basically were forced to be disciplined. I don't want

999
00:54:43,400 --> 00:54:46,120
Speaker 14: to intimate in any way, shape or form that I

1000
00:54:46,160 --> 00:54:50,200
Speaker 14: think discipline can overcome a disability. Either we didn't actually

1001
00:54:50,239 --> 00:54:52,719
Speaker 14: have a disability, or it wasn't as a parent. If

1002
00:54:52,760 --> 00:54:56,000
Speaker 14: we did have it, Since classroom sizes were smaller, the

1003
00:54:56,040 --> 00:54:59,319
Speaker 14: teacher had more control over the kids. We knew no

1004
00:54:59,320 --> 00:55:02,080
Speaker 14: one who had at Alzheimer's, although one of our aunts

1005
00:55:02,160 --> 00:55:05,640
Speaker 14: eventually had a confirmed diagnosis of the disease. They called

1006
00:55:05,680 --> 00:55:09,440
Speaker 14: it dementia back then. Now we're seeing case after case

1007
00:55:09,640 --> 00:55:13,040
Speaker 14: after case. Some people say it comes from aluminum cookware

1008
00:55:13,120 --> 00:55:16,680
Speaker 14: or statin drugs. Recent research has proven our pension for

1009
00:55:16,760 --> 00:55:21,680
Speaker 14: substituting chemicals for saturated fats imitation. This and imitation that

1010
00:55:21,760 --> 00:55:26,480
Speaker 14: has resulted in the burgeoning cases of Alzheimer's. Saturated fats

1011
00:55:26,480 --> 00:55:29,840
Speaker 14: in moderation are absolutely necessary for both heart health and

1012
00:55:29,920 --> 00:55:34,760
Speaker 14: brain health. Back then, we ate butter, bacon and pot roast,

1013
00:55:35,320 --> 00:55:38,680
Speaker 14: and things like Alzheimer's just didn't exist except for the

1014
00:55:38,719 --> 00:55:41,480
Speaker 14: isolated case here and there. It was rare for us

1015
00:55:41,480 --> 00:55:44,240
Speaker 14: to miss a day of school. We had no counselors

1016
00:55:44,280 --> 00:55:46,440
Speaker 14: until we got to high school, and then we were

1017
00:55:46,440 --> 00:55:50,680
Speaker 14: assigned a guidance counselor. For me, it was missus Maynard,

1018
00:55:50,760 --> 00:55:53,160
Speaker 14: and she handled about thirty of us in our class.

1019
00:55:54,000 --> 00:55:56,480
Speaker 14: She probably had a caseload of one hundred and twenty kids,

1020
00:55:56,960 --> 00:55:59,680
Speaker 14: but it was always great to speak with her. I

1021
00:55:59,680 --> 00:56:04,960
Speaker 14: always felt special and could tell she loved education. America

1022
00:56:05,080 --> 00:56:07,760
Speaker 14: is a great country. If we agree to work hard,

1023
00:56:07,840 --> 00:56:10,800
Speaker 14: memories of the goodness of this country will come floating back.

1024
00:56:11,400 --> 00:56:14,480
Speaker 14: They'll present themselves again, and we'll enjoy a plentiful and

1025
00:56:14,560 --> 00:56:19,160
Speaker 14: tolerant spirit, one in which we feel complete, successful, and

1026
00:56:19,320 --> 00:56:22,360
Speaker 14: content as a nation. How's that for an image to

1027
00:56:22,400 --> 00:56:23,640
Speaker 14: carry to bed with you tonight?

1028
00:56:26,680 --> 00:56:31,560
Speaker 1: Cale Kelly Financial Services eight eight eight hundred eighteen eighty one.

1029
00:56:31,800 --> 00:56:34,080
Speaker 5: I'm Kelly Kelly from Kelly Financial.

1030
00:56:34,280 --> 00:56:38,520
Speaker 4: Whether you're in your sixties, seventies, or eighties, financial advice

1031
00:56:38,719 --> 00:56:41,680
Speaker 4: is important when it comes to preserving your nest egg.

1032
00:56:41,800 --> 00:56:45,240
Speaker 4: We have a free investor guide called designing your Fiscal

1033
00:56:45,280 --> 00:56:48,960
Speaker 4: House to Weather the Elements, which highlights the steps needed

1034
00:56:49,000 --> 00:56:52,600
Speaker 4: to build a balanced portfolio. For the guide, call eight

1035
00:56:52,640 --> 00:56:56,200
Speaker 4: eight eight eight hundred eighteen eighty one or email Kelly

1036
00:56:56,280 --> 00:56:58,320
Speaker 4: at Kellyfinancial dot org.

1037
00:56:58,560 --> 00:57:01,280
Speaker 5: We're Kelly Financial. Come retire with.

1038
00:57:01,239 --> 00:57:06,320
Speaker 1: Us safe money strategies with William Kelly and Kelly Kelly.

1039
00:57:06,640 --> 00:57:08,880
Speaker 1: Go to Kelly Financial dot org.

1040
00:57:09,719 --> 00:57:16,520
Speaker 3: And all opinions expressed by the host, his guests, or

1041
00:57:16,560 --> 00:57:18,800
Speaker 3: employees of Kelly Financial Services are solely their own and

1042
00:57:18,800 --> 00:57:21,000
Speaker 3: do not reflect the opinions of Kelly Financial Services.

1043
00:57:21,080 --> 00:57:23,400
Speaker 9: Information has been obtained from sources deemed to be reliable,

1044
00:57:23,440 --> 00:57:25,960
Speaker 9: but their accuracy and completeness cannot be guaranteed. The information

1045
00:57:26,040 --> 00:57:27,800
Speaker 9: provided as general in nature and does not intended to

1046
00:57:27,800 --> 00:57:30,240
Speaker 9: be specific, investment, tax, or legal advice. It is always

1047
00:57:30,280 --> 00:57:32,840
Speaker 9: advisable to consult a professional before making a financial decision.