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Speaker 1: This is coming to us, so.

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

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

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

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

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

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

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

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Speaker 2: nonsense callin radio show focused on common sense planning and

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

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

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Speaker 2: and philanthropist who believed in giving back and walking the talk.

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Speaker 2: Since our show has remained a Saturday morning staple, offering

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

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Speaker 2: over eight hundred million dollars across our affiliated business, including

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Speaker 2: more than six hundred million dollars managed by our sec

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Speaker 2: registered investment advisory, where fiduciary care and our family first

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

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

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Speaker 2: Mike Ducett, Greg Workman, Greg Murray, my sister Mary Madeline,

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Speaker 2: and Tom Schlager. We live by two rules, never quit

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Speaker 2: and carry on, and we're here to help you do

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Speaker 2: the same when it comes to your money. Stick around,

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Speaker 2: take notes and join the conversation. To learn more or

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

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

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

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

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Speaker 2: Kelly Junior.

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

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Speaker 3: hundred eighteen eighty one.

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

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

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

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

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

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

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

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Speaker 4: planning for the future sometimes is light, sometimes as thoughtful,

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Speaker 4: but it's always real.

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Speaker 5: Good morning William, Good morning Mom.

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Speaker 6: How are you.

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Speaker 5: I'm doing great. How about yourself?

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Speaker 6: I'm fine as well.

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Speaker 2: Obviously, there have been some very unfortunate events lately happening

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Speaker 2: in Rhode Island. There have been two shootings, and we

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Speaker 2: want to start the show off by saying our thoughts

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Speaker 2: and prayers go to those families affected. Yes, in the

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Speaker 2: hockey rink where the shooting high there is this very

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Speaker 2: brave father who went out of his way to go

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Speaker 2: and tackle the gunman and saved a lot more lives

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Speaker 2: by doing that. So I want to give some recognition

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Speaker 2: to him and that we really appreciate you and you're

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Speaker 2: a hero in Rhode Island. Yeah, so thank you very much.

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Speaker 2: Other than that, on a more positive side of the news, lately,

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Speaker 2: we had ash Wednesday.

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Speaker 6: If you're a Catholic, that's a big deal.

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Speaker 2: Lent has begun and we're going to talk a little

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Speaker 2: bit about what we're giving up for lent. So I'll

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Speaker 2: start off. I am giving up junk food. I'm sure

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Speaker 2: many of you remember in college junk food was everywhere,

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Speaker 2: and today it has its place, is not moved at all,

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Speaker 2: it's still very present and everywhere. Oh of course. I

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Speaker 2: mean it's college every year, you know what I mean.

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Speaker 2: So I want to give that up for lent. I

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Speaker 2: think that's a good thing to give up. I think

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Speaker 2: that it's fair. I think it's going to be challenging

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Speaker 2: and it's definitely a comfort, so I think it's worth it.

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Speaker 2: And I think it also makes me healthier, absolutely, so

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Speaker 2: it's worth it.

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Speaker 6: So I'm giving up junk food for life.

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Speaker 5: Good.

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Speaker 2: Well, you're giving up is a little more unique. I

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Speaker 2: think you should tell the audience a little bit about it.

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Speaker 5: I'm giving up comfort.

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Speaker 6: Really, Yes, we want to elaborate a little bit.

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Speaker 4: Well, I do not like heart exercise.

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Speaker 5: I love swimming, and for me, that is not heart exercise.

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Speaker 4: I mean you have to have endurance, you have to

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Speaker 4: have patience, and is not easy, but it's something that

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Speaker 4: I'm sort of programmed to do, so I can do

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Speaker 4: it for at least an.

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Speaker 5: Hour to two hours, you know, straight.

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Speaker 4: But the problem is is our pool is not open

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Speaker 4: year round, so you know, I feel like where I

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Speaker 4: take a dive is during the winter months and I'm

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Speaker 4: not exercising the way I should.

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Speaker 5: However, I've started a.

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Speaker 4: Program because of you, William and those of you are

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Speaker 4: who are listening, if you've been following us along. You know,

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Speaker 4: William gave me a package for Christmas and words with

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Speaker 4: a trainer that it knows very well.

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Speaker 5: She was actually his pre K teacher.

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Speaker 6: Oh I know pretty well.

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Speaker 4: Yes, yes, So he gave me this package and I

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Speaker 4: started it and I've extended it, and it is one

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Speaker 4: of the hardest things I've ever done. Like it is

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Speaker 4: pure the only way to say it. Yes, I was

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Speaker 4: about to say, h double hockey sticks, but boy that

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Speaker 4: it is torture for the full hour and then I

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Speaker 4: pay for it the next day or two. But I'm

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Speaker 4: learning I wasn't drinking enough water and you know afterwards,

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Speaker 4: and you know, so I'm learning different little tips to help.

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Speaker 5: But I am going.

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Speaker 4: To start training in between the two days I work

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Speaker 4: with her a week, you know, with cardio.

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Speaker 2: So you're going to do cardio on top of that. Yes,

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Speaker 2: So you're giving up comfort for lent. You're making yourself

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Speaker 2: a better and stronger person. Yeah, I will say from experienced,

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Speaker 2: mommy gets easier. But it takes weeks.

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Speaker 5: I know, it's just been a long time.

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Speaker 2: I know, I know it's been and I feel like.

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Speaker 4: The older you get, your muscles are I mean, my

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Speaker 4: muscles have been freaking out. I know you told me

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Speaker 4: this is the point where most people quit. I'm not

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Speaker 4: quitting because you know, you.

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Speaker 5: Were my why. You were my main why, William, and

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Speaker 5: I can't let you down.

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Speaker 6: What about Mary Madeline?

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Speaker 4: Of course Mary Madeline as well, but you are the

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Speaker 4: one that pushed it so hard.

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Speaker 2: Yeah, because I see the benefit. Yes, I see folks

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Speaker 2: who go in there. And you know, my preschool teacher

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Speaker 2: is a prime example of this. She was extremely heavy,

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Speaker 2: extremely overweight, extremely unhealthy, and her sons came up to

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Speaker 2: her and just told her straight up, you're dying every day.

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Speaker 2: Her son, she was harder to convince than you.

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Speaker 6: All I had to do was.

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Speaker 2: Give you a pep talk and buy the package for you,

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Speaker 2: and you committed to it. It took her forever, and

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Speaker 2: her sons, you know her, one of her sons in particular,

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Speaker 2: just every day would just say you're dying, every single

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Speaker 2: day until she stepped into the gym. And he said,

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Speaker 2: all right, just stepped into the gym one day, just

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Speaker 2: fill up your water bottle, just start coming to the gym.

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Speaker 2: And when she started She wasn't even allowed to use

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Speaker 2: the barbell. She wasn't even allowed to use a barb beell.

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Speaker 2: Her sons made her use a broomstick to learn form first,

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Speaker 2: because that's how out of shape she was. Think about that,

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Speaker 2: and so she started literally from the ground up. And

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Speaker 2: if you look at her today, and I swear by this,

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Speaker 2: she looks younger, healthier, and better than when I.

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Speaker 5: Knew her as my preschool she is amazing.

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Speaker 6: She is amazing.

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Speaker 5: She is amazing.

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Speaker 6: I will say that of the pudding.

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Speaker 4: But she I wish she had started me off with

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Speaker 4: a broomstick.

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Speaker 5: She didn't start me off with a broomstick.

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Speaker 6: Well, she was at a much lower level when she

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Speaker 6: started out.

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Speaker 2: So but the reason I'm mentioning that is because you're

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Speaker 2: not at a lower level. You're not at a lower

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Speaker 2: level than she was when she started. You're not unhealthier.

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Speaker 2: Blood work is great. Yeah, you have a really great story.

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Speaker 5: I eat very clean. I've been eating clean for a

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Speaker 5: good while.

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Speaker 4: My problem has been the consistent exercise right in the past,

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Speaker 4: mainly during winter months.

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Speaker 6: Well, this will make it worth your while.

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Speaker 2: All the clean eating and everything and ease have an

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Speaker 2: output of some kind, and your body's going to get

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Speaker 2: much healthier. And if you have more muscle mass, you

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Speaker 2: can fight disease better. If you got cancer, your likelihood

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Speaker 2: of surviving cancer goes up. The biggest predictor of survival

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Speaker 2: and cancer is muscle mass, lean muscle mass, So if

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Speaker 2: you have a lot of muscle, you're protecting yourself in

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Speaker 2: a lot of ways than just being a strong person

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Speaker 2: with a lot of muscle. So it's really it's incredible

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Speaker 2: what exercise can do. But everything else has to be

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Speaker 2: right though, ladies and jol And it's not just you

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Speaker 2: exercise and everything's great, and you have to do strength training,

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Speaker 2: and you have to eat right because if you don't

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Speaker 2: eat right, you do not build muscle. So if you

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Speaker 2: don't eat a gram of protein for pound to body weight,

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Speaker 2: So if you weigh two hundred pounds, you got to

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Speaker 2: eat two hundred to two hundred and twenty grams of

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Speaker 2: protein right, And if you don't have good nutrition, you're

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Speaker 2: also sabotaging yourself.

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Speaker 6: So then you're just exhausted in your body is.

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Speaker 2: Not repairing it so so and same with hydration as well.

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Speaker 2: It keeps your joints hydrated, it keeps your ten hydrated,

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Speaker 2: your muscles are.

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Speaker 6: Able to store water.

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Speaker 2: If you're not hydrated, you're also sabotaging yourself as well.

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Speaker 2: So it's not just exercise, but it's the other habits

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Speaker 2: as well, and they all work in unison and.

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Speaker 6: They make a healthy body.

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Speaker 2: And I know it's an uncomfortable topic and a lot

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Speaker 2: of people feel like they're stuck. But you're never stuck,

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Speaker 2: even though it might seem like it. You have a

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Speaker 2: lot more control than you think, and there are ways

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Speaker 2: around it, and there are resources online and in person

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Speaker 2: that can help you. So for Lent, if you're looking

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Speaker 2: for something to do exercise, giving up comfort, that's really good.

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Speaker 6: I'm sure Christ of be in favor of that.

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Speaker 2: I think so, because you're giving something up and you're

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Speaker 2: also helping yourself at the same time. So that's Lent

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Speaker 2: and that is pretty much a wrap on the week,

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Speaker 2: I think again, Prayer it out to those families and

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Speaker 2: those shootings. Again, I don't want to turn this dark,

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Speaker 2: but I mean, how can you avoid it. It's affected

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Speaker 2: our community and again the father who saved extra lives

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Speaker 2: that day. You are a hero and the people of

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Speaker 2: Rhode Island have the most respect for you. Thank you

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Speaker 2: so much for what you've done. I know God bless absolutely.

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Speaker 5: 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 you said, and Greg Workman, we'll explain why in

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Speaker 4: retirement is not just what you have, is the order

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Speaker 4: you use it that can shape your tanks, picture and

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Speaker 4: long term confidence. Mary, Madeline Kelly and Greg Murray will

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Speaker 4: explain why retirement planning is more complex today than it

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Speaker 4: was for previous generations, and how thoughtful preparation, organization, and

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Speaker 4: guidance can help bring clarity and confidence in a changing

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Speaker 4: financial landscape. When William and I return, we'll be having

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Speaker 4: a conversation on how investing evolves through life stages and

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Speaker 4: why structure, tax awareness, and consistency matters just as much

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Speaker 4: as starting early. And of course we'll close the hour

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Speaker 4: with some wit and wisdom from 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 great content.

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Speaker 2: I love you, honey, Hello too.

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Speaker 5: Okay, my friends, let's be honest.

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Speaker 1: Most young people don't get real financial advice.

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Speaker 5: They get high social.

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Speaker 1: Media quote unquote experts and a lot of bad advice.

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Speaker 1: Only the Good invest Young, written by William Kelly Junior

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Speaker 1: from Kelly Findinancial Services, takes a different approach. It focuses

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Speaker 1: on fundamentals, avoiding unnecessary debt, understanding risk, thinking long term,

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Speaker 1: No get rich quick schemes, no fantasy economics. The emphasis

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Speaker 1: is on practical ideas around money, responsibility and discipline. And

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Speaker 1: of course, like anything involving investing, there's always risk and

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Speaker 1: that includes the possibility of losing principle. And that's exactly

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Speaker 1: why learning how to think about money early matters. If

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Speaker 1: a book is designed as an educational resource for those

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Speaker 1: starting out, or for parents and grandparents looking to begin

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Speaker 1: the conversation. To request a free copy, call eight eight

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

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Speaker 1: Kelly Financial dot org.

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Speaker 2: Welcome back to Safe Money Strategies.

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Speaker 7: I'm Mike Dussat, Chief operating Officer at Kelly Financial and

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Speaker 7: I'm joined as always by my colleague and investment advisor,

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Speaker 7: Greg Workman. If you've been listening to us over the

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Speaker 7: past few weeks, you know we've talked a lot about

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Speaker 7: retirement income, not just how much you've saved, but how

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Speaker 7: much that money actually turns into a paycheck once work stops.

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Speaker 7: And today we want to dig into something that trips

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Speaker 7: up a lot of retirees. It's not just what income

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Speaker 7: sources you have, it's the order you use them in.

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Speaker 8: That's right, Mike, And this is one of those topics

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Speaker 8: where people assume it's simple. They'll say, I'll just take

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Speaker 8: social Security when I retire, pull from my investments as needed,

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Speaker 8: and we'll be fine.

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Speaker 6: But when you peel the onion back the.

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Speaker 8: Order you take income, social Security, pensions, if applicable, iras,

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Speaker 8: wrath accounts, brokerage money. That can have a huge impact

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Speaker 8: on taxes, long term sustainability, and even peace of mind.

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Speaker 7: And the tricky part is two retirees can have the

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Speaker 7: exact same balances, the same income sources instill end up

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Speaker 7: with very different outcomes, all because of sequencing.

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Speaker 2: That's why today's episode is called order matters.

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Speaker 8: Let's start with why people struggle here. During your working years,

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Speaker 8: income order is simple. You get paid, taxes come out,

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Speaker 8: and you save whatever's left in retirement.

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Speaker 6: It flips.

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Speaker 8: Now you're in charge of deciding which account to pull from,

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Speaker 8: how much to take one to turn on guaranteed income

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Speaker 8: and how to coordinate it all with taxes, and no

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Speaker 8: one hands you an instruction manual exactly. Most people retire

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Speaker 8: only once.

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Speaker 7: They don't get a practice run, and unfortunately, the advice

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Speaker 7: they hear is often piecemeal. They'll hear one person say,

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Speaker 7: delay so security as long as possible. Another will say

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Speaker 7: take it as soon as you can. Someone else will say,

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Speaker 7: just live off your investments early. None of those ideas

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Speaker 7: are automatically wrong, but none of them work in isolation either.

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Speaker 8: Let's walk through a hypothetical example, not an actual client,

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Speaker 8: but a scenario that we see often. Let's say we

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Speaker 8: have a married couple Joe and Maria, both our age

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Speaker 8: sixty five, recently retired, and here's what They have. One

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Speaker 8: point two million dollars in retirement accounts, mostly in pre

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Speaker 8: tax traditional iras, a small taxable brokerage account, no pension

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Speaker 8: on either side, both eligible for Social Security based on

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Speaker 8: their age. On paper, they're in good shape. But here's

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Speaker 8: where order comes in.

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Speaker 7: Joe says, let's just delay social Security until seventy and

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Speaker 7: pull from the IRA until then.

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Speaker 2: Sounds reasonable, right.

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Speaker 8: It does, until you look at the tax picture. Pulling

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Speaker 8: heavily from a traditional IRA in your mid sixties can

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Speaker 8: push you into higher tax brackets, increase future rmds or

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Speaker 8: required minimum distributions, potentially cause more of your Social Security

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Speaker 8: to be taxed later than even increase your medicare premiums

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Speaker 8: down the road. So by doing what sounds smart in isolation,

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Speaker 8: they may be setting themselves up for a bigger problem

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Speaker 8: down the road.

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Speaker 7: One of the biggest planning mistakes we see is retirees

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Speaker 7: treating every dollar like it's equal. A dollar in a

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Speaker 7: ROTH account is not the same as a dollar in

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Speaker 7: a traditional IRA, A dollar from Social Security is not

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Speaker 7: tax the same as a dollar from an investment account.

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Speaker 7: But emotionally people just see money.

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Speaker 8: Right, and the irs ces categories. Some dollars are fully taxable,

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Speaker 8: partially taxable, or potentially tax free, and the order you

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Speaker 8: tap those buckets affects your marginal tax bracket, your provisional income,

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Speaker 8: your future flexibility.

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Speaker 6: And that's why order matters so much.

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Speaker 7: We hear this all the time. I'm not too worried.

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Speaker 7: I'll just take money as I need it. The problem is,

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Speaker 7: retirement income planning isn't just about this year. It's about

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Speaker 7: creating a strategy that works over twenty five or thirty years.

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Speaker 6: Exactly.

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Speaker 8: If you only focus on the next twelve months, you

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Speaker 8: can add accidentally trigger unnecessary taxes. Misplanning opportunities in lower

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Speaker 8: tax years lock yourself into higher taxes later.

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Speaker 6: With rm ds and the early.

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Speaker 8: Years of retirement, they're often the best planning years, but

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Speaker 8: only if you're intentional.

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Speaker 7: This is where a written retirement plan becomes so valuable.

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Speaker 7: Instead of guessing, we can map out when social security

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Speaker 7: should start for each spouse, how much to pull from

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Speaker 7: each accounts, how to manage taxes over time, how income

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Speaker 7: changes when rmds begin, and suddenly retirement feels a lot

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Speaker 7: less stressful.

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Speaker 8: And importantly, this isn't just about finding the perfect answer,

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Speaker 8: It's about finding the best coordinated answer for your situation.

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Speaker 8: Because there's no universal, quote unquote right order. There's only

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Speaker 8: the right order for you.

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Speaker 7: Coming up in the second half of today's show, we're

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Speaker 7: going to get a little bit more specific, and we'll

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Speaker 7: talk about common income sequencing strategies, how social security timing

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Speaker 7: fits to the bigger picture, and how smart ordering can

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Speaker 7: reduce lifetime taxes and increase confidence.

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Speaker 8: And we'll also share another hypothetical example showing how small

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Speaker 8: changes in order can lead to noticeably different outcomes.

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Speaker 7: If you're listening and thinking I don't actually know what

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Speaker 7: or I'm planning to take income in that's very common.

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Speaker 7: That's why we put together our Safe Money Strategies workbook.

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Speaker 7: It helps you start organizing these decisions before you ever

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Speaker 7: make a permanent move.

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Speaker 8: It's complementary, and it's designed to help you think through income,

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Speaker 8: taxes and timing, all in one place. Give us a

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Speaker 8: call to request your complementary copy.

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Speaker 7: Today you're listening to Safe Money Strategies, We'll be right back.

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Speaker 3: Kelly Financial Services 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 4: a fiduciary? In other words, are they legally required to

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00:18:59,119 --> 00:19:03,400
Speaker 4: act in your best interest? My complimentary book, Retire Your Fear,

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00:19:03,520 --> 00:19:07,000
Speaker 4: Plan Your Future explains what a fiduciary is and will

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00:19:07,040 --> 00:19:10,720
Speaker 4: help you understand if an advisor is really putting you first.

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

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

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

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Speaker 5: this nation should commit it.

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Speaker 7: Zel achieving the goal of landing a man on the

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Speaker 7: Moon and returning him safely to the.

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Speaker 9: Earth six five four three two one zero All engine.

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Speaker 2: Run, look dot follow level.

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Speaker 9: Remember those Apollo Moon missions one of America's greatest adventures

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Speaker 9: and achievements too. The nation set a goal and then

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Speaker 9: realized it. What are your goals? At Kelly Financial Services,

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Speaker 9: We've got the right team and technology to help launch

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Speaker 9: your retirement planning. Let us help you you set and

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Speaker 9: reach your goals for your greatest adventure and achievement. Call

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Speaker 9: us at eight eight eight eight hundred and eighteen eighty

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Speaker 9: one or visit us at Kellyfinancial dot org. Where do

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Speaker 9: you want to land?

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Speaker 6: Listen?

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Speaker 10: Thank galitybavierkle I landed.

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Speaker 9: We are Kelly Financial Services.

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Speaker 3: Come retire with us The Money Wrap with Kelly Financial

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Speaker 3: Advisors Greg Murray and Mary Madeline Kelly.

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Speaker 10: Hello, this is Greg Murray, Senior Vice president and Chief

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Speaker 10: Compliance Officer at Kelly Financial Services. Joining me today is

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Speaker 10: Mary Madeline Kelly, one of our wealth advisors. How are

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Speaker 10: you doing today?

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Speaker 6: Hi?

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Speaker 11: Greg, I'm great, Thanks for asking, and honestly I can't

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Speaker 11: believe hop past February is flying by. January felt like

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Speaker 11: it lasted forever and now suddenly we're almost into March.

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Speaker 11: I don't know about everyone listening, but I am definitely

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Speaker 11: ready for some spring weather.

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Speaker 10: I'm right there with you. February always seems to pick

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Speaker 10: up speed, and by this point everyone's ready for the

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Speaker 10: longer days, a little sunshine and maybe getting outside.

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Speaker 11: More exactly, and speaking of looking ahead, that actually ties

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Speaker 11: nicely into what we're talking about today. Retirement planning is

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Speaker 11: really about preparing for the future, but the reality is

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Speaker 11: it's gotten a lot more complicated than it was for

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Speaker 11: our parents' generation.

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Speaker 2: That's absolutely true.

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Speaker 10: Today we're talking about why retirement planning is harder now

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Speaker 10: than it used to be, and more importantly, what people

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Speaker 10: can do about it.

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Speaker 11: And I think one of the biggest differences is pensions.

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Speaker 11: Many of our parents or grandparents had employer pensions that

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Speaker 11: provided a steady income stream in retirement. It wasn't something

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Speaker 11: they had to actively manage or.

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Speaker 10: Worry about as much exactly the predictable income simplified to retirement. Today,

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Speaker 10: penses are much less common and most people relying for

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Speaker 10: one case iras and personal savements. That gives people more control,

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Speaker 10: but it also puts more responsibility on their shoulders.

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Speaker 11: Yes, and that responsibility can feel overwhelming. People have to

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Speaker 11: make investment decisions, contribution decisions, withdrawal decisions, and those choices

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Speaker 11: can affect decades of retire Another.

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Speaker 10: Big factor as longevity. People are living longer, which is

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Speaker 10: a wonderful thing, but it also means retirement savings may

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Speaker 10: need to last twenty five or even thirty.

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Speaker 11: Years right, and that introduces new questions. How much income

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Speaker 11: is sustainable, how to account for inflation, healthcare costs, market fluctuation.

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Speaker 11: Those weren't concerns to the same extent for previous generations.

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Speaker 10: And speaking of markets, investment responsibility has shifted dramatically. Many

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Speaker 10: retirees today are directly exposed to the market ups and

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Speaker 10: downs through their retirement accounts.

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Speaker 11: Exactly, and we always remind people that investing involves risk,

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Speaker 11: including the potential loss of principle. Managing those risks thoughtfully

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Speaker 11: is a key part of modern retirement planning.

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Speaker 2: Healthcare costs are another major difference.

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Speaker 10: Medical expenses, insurance premiums, potential long term care needs.

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Speaker 2: All of that requires careful.

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Speaker 11: Planning, yes, and uncertainty around healthcare can be one of

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Speaker 11: the biggest sources of financial stress for retirees. Planning ahead

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Speaker 11: doesn't eliminate uncertainty, but it definitely helps to manage it.

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Speaker 10: Seen more complex career paths now, people change jobs more often,

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Speaker 10: accumulate multiple retirement accounts, sometimes our business, or work part

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Speaker 10: time later.

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Speaker 11: In life, and while that flexibility can be great, it

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Speaker 11: does add layers of complexity.

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Speaker 2: Organization becomes incredibly.

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Speaker 11: Important, knowing what you have, where it is, and how

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Speaker 11: it all fits together.

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Speaker 10: Taxes also play a bigger role today. Retirement income often

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Speaker 10: comes from multiple sources social Security, traditional retirement accounts, Wroth accounts,

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Speaker 10: Brokeridge accounts, and each has different tax treatments exactly.

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Speaker 11: Thoughtful withdrawal strategies can make a meaningful difference over time,

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Speaker 11: and that's something many people don't realize until they're already retired.

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Speaker 10: And then there's the emotional side of all of this.

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Speaker 10: With more responsibility comes more uncertainty, and uncertainty can lead

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Speaker 10: to stress.

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Speaker 11: A lot of people worry not just about whether they've

444
00:23:48,400 --> 00:23:51,480
Speaker 11: saved enough, but whether they're making the right decisions along

445
00:23:51,480 --> 00:23:55,440
Speaker 11: the way. And that's completely understandable given how much has changed.

446
00:23:55,720 --> 00:23:58,320
Speaker 10: So when we talk about retirement being harder today, it's

447
00:23:58,359 --> 00:24:02,240
Speaker 10: not about discouraging paps. It's about recognizing realities that we

448
00:24:02,240 --> 00:24:04,040
Speaker 10: can plan effectively, exactly.

449
00:24:04,200 --> 00:24:06,879
Speaker 11: And the good news is, even though retirement planning is

450
00:24:06,920 --> 00:24:11,280
Speaker 11: more complex now, there are also more tools, resources, and

451
00:24:11,359 --> 00:24:13,920
Speaker 11: professional guidance available than ever before.

452
00:24:14,000 --> 00:24:17,119
Speaker 10: So if there's a takeaway from today's conversation, it's really

453
00:24:17,160 --> 00:24:22,000
Speaker 10: this start planning early, stay organized, review regularly, and don't

454
00:24:22,000 --> 00:24:23,440
Speaker 10: hesitate to ask for help.

455
00:24:23,280 --> 00:24:27,160
Speaker 11: Because retirement success today isn't about luck. It's about preparation,

456
00:24:27,760 --> 00:24:29,560
Speaker 11: and preparation leads to confidence.

457
00:24:29,720 --> 00:24:33,000
Speaker 10: And there's always every financial situation is unique and investing

458
00:24:33,000 --> 00:24:35,560
Speaker 10: involves a risk, so plans should be tailored to individual

459
00:24:35,560 --> 00:24:36,840
Speaker 10: goals and circumstances.

460
00:24:36,960 --> 00:24:40,880
Speaker 11: Absolutely, but with thoughtful planning, people can absolutely build financial

461
00:24:40,960 --> 00:24:44,880
Speaker 11: security and enjoy retirement even in today's more complex environment.

462
00:24:45,119 --> 00:24:47,239
Speaker 10: Well said, that's going to wrap things up today. If

463
00:24:47,240 --> 00:24:50,119
Speaker 10: you like help reviewing your retirement plan or preparing for

464
00:24:50,160 --> 00:24:51,440
Speaker 10: the future, give us a call.

465
00:24:51,480 --> 00:24:52,200
Speaker 2: We'd be happy to.

466
00:24:52,160 --> 00:24:52,560
Speaker 6: Talk with you.

467
00:24:52,840 --> 00:24:55,520
Speaker 2: Definitely. Thanks Greg, and have a great weekend.

468
00:24:55,640 --> 00:24:58,480
Speaker 3: To get in touch with Greg Murray or Mary Madeline

469
00:24:58,560 --> 00:25:02,160
Speaker 3: Kelly or any member of the Kelly Financial team called

470
00:25:02,280 --> 00:25:10,720
Speaker 3: at eight eight hundred eighteen eighty one. Safe Money Strategies

471
00:25:11,040 --> 00:25:14,399
Speaker 3: with William Kelly and Kelly Kelly call the team on

472
00:25:14,600 --> 00:25:23,800
Speaker 3: at A eight eight hundreds, eighteen eighty one.

473
00:25:24,160 --> 00:25:29,240
Speaker 4: Welcome back to Safe Money Strategies. I'm Kelly Kelly alongside

474
00:25:29,240 --> 00:25:33,360
Speaker 4: my son, William Kelly Junior, and today we're talking about

475
00:25:33,400 --> 00:25:38,359
Speaker 4: something that sounds technical at first, tax free income. But

476
00:25:38,440 --> 00:25:42,360
Speaker 4: this really is not a tax segment. It's a lifestyle

477
00:25:42,520 --> 00:25:46,480
Speaker 4: segment because when we talk about tax free income, what

478
00:25:46,640 --> 00:25:51,080
Speaker 4: we're really talking about is flexibility and confidence.

479
00:25:51,760 --> 00:25:54,720
Speaker 2: That's the part people don't always expect. When someone hears

480
00:25:54,760 --> 00:25:57,680
Speaker 2: tax free income. They may think it's about minimizing taxes,

481
00:25:58,119 --> 00:26:00,240
Speaker 2: but what we often see is that it's more about

482
00:26:00,320 --> 00:26:05,120
Speaker 2: understanding how income works. Because retirement income today is not simple.

483
00:26:05,400 --> 00:26:06,119
Speaker 5: Not at all.

484
00:26:06,520 --> 00:26:11,040
Speaker 4: Years ago, many retirees relied on a pension and Social

485
00:26:11,160 --> 00:26:17,480
Speaker 4: Security income was relatively predictable. Now, most retirees have multiple

486
00:26:17,520 --> 00:26:23,560
Speaker 4: types of accounts, traditional iras four oh one k's wrath accounts,

487
00:26:23,920 --> 00:26:28,840
Speaker 4: taxable brokerage accounts. Each one may be taxed differently, and

488
00:26:28,920 --> 00:26:34,119
Speaker 4: once you retire, income is no longer automatic. You decide

489
00:26:34,240 --> 00:26:37,240
Speaker 4: when to take it, how much to take, and from

490
00:26:37,280 --> 00:26:38,040
Speaker 4: which account.

491
00:26:38,400 --> 00:26:40,040
Speaker 6: And that's where hesitation can begin.

492
00:26:40,520 --> 00:26:43,280
Speaker 2: Because many retirees are not necessarily worried about how much

493
00:26:43,320 --> 00:26:46,960
Speaker 2: they say. They're worried about managing it correctly. They're asking,

494
00:26:47,280 --> 00:26:50,040
Speaker 2: how does this withdraw effect client taxes? Will this push

495
00:26:50,040 --> 00:26:52,320
Speaker 2: me into a high bracket? What does this mean for

496
00:26:52,400 --> 00:26:57,000
Speaker 2: medicare premiums? Uncertainty leads to pause, and that pause.

497
00:26:56,720 --> 00:27:02,320
Speaker 4: Can shape retirement more than people realize. Seeing individuals delay travel,

498
00:27:02,920 --> 00:27:08,760
Speaker 4: delay gifting, delay experiences with children and grandchildren, not because

499
00:27:08,800 --> 00:27:12,200
Speaker 4: they can't afford those things, but because they are unsure

500
00:27:12,280 --> 00:27:16,280
Speaker 4: how their income decisions may ripple through their tax picture.

501
00:27:16,720 --> 00:27:21,320
Speaker 4: Tax free income conversations are not about eliminating taxes.

502
00:27:21,800 --> 00:27:25,040
Speaker 5: They are about understanding which dollars are.

503
00:27:24,960 --> 00:27:30,480
Speaker 2: Taxed and when timing matters. If income comes from multiple

504
00:27:30,480 --> 00:27:34,360
Speaker 2: sources and each source is treated differently, coordination becomes important.

505
00:27:34,920 --> 00:27:38,719
Speaker 2: Some income may be fully toxible, some partially taxable, some

506
00:27:38,880 --> 00:27:43,399
Speaker 2: may not be toxable at all. Understanding those distinctions supports confidence.

507
00:27:44,000 --> 00:27:48,960
Speaker 4: In confidence changes behavior more than income ever does. When

508
00:27:49,000 --> 00:27:55,320
Speaker 4: someone understands how their accounts work together, decisions feel more deliberate.

509
00:27:55,640 --> 00:28:01,080
Speaker 4: They are less reactive, less anxious, more intentional because they

510
00:28:01,119 --> 00:28:03,320
Speaker 4: are choosing rather than guessing.

511
00:28:04,119 --> 00:28:07,080
Speaker 2: This has become even more relevant because retirement rules have

512
00:28:07,119 --> 00:28:11,240
Speaker 2: a vault required minimum distribution ages have shifted in recent years,

513
00:28:11,480 --> 00:28:15,680
Speaker 2: Legislative updates have reflected longer life expectancies, and sometimes people

514
00:28:15,720 --> 00:28:18,800
Speaker 2: are operating under rules they learn ten or fifteen years ago.

515
00:28:19,080 --> 00:28:21,439
Speaker 6: Those rules may not apply in the same way today.

516
00:28:21,800 --> 00:28:26,840
Speaker 4: Awareness reduces stress. If you understand how long term assets

517
00:28:26,960 --> 00:28:31,680
Speaker 4: may remain tax deferred, or how tax free income sources

518
00:28:31,760 --> 00:28:36,800
Speaker 4: may fit into your overall picture, retirement can feel more structured,

519
00:28:37,160 --> 00:28:42,320
Speaker 4: and structures support steadiness. Tax Free income does not mean

520
00:28:42,440 --> 00:28:47,720
Speaker 4: spending more. It means having options when life changes, healthcare

521
00:28:47,760 --> 00:28:54,920
Speaker 4: expenses increase, family needs arise, opportunities appear. Flexibility gives you

522
00:28:55,080 --> 00:28:56,760
Speaker 4: room to respond.

523
00:28:57,000 --> 00:28:59,640
Speaker 2: And there's also an emotional side to this. Taxes can

524
00:28:59,680 --> 00:29:03,480
Speaker 2: trigger fear, fear of running out, fear of making a mistake,

525
00:29:03,800 --> 00:29:07,960
Speaker 2: fear of unintended consequences. Headlines can amplify those fears without

526
00:29:08,000 --> 00:29:11,960
Speaker 2: always providing clarity, but when income structure is understood, fear

527
00:29:12,080 --> 00:29:12,960
Speaker 2: often softens.

528
00:29:13,360 --> 00:29:18,440
Speaker 4: Exactly, retirement is not just financial, it's emotional, and when

529
00:29:18,480 --> 00:29:22,720
Speaker 4: people are uncertain about how withdrawals affect their broader picture,

530
00:29:23,120 --> 00:29:30,600
Speaker 4: they sometimes become overly cautious. They underspend, they delay, meaningful experiences,

531
00:29:31,000 --> 00:29:33,880
Speaker 4: not because the numbers say they must, but because the

532
00:29:34,080 --> 00:29:41,160
Speaker 4: rules feel unclear. Understanding the rules often replaces fear with steadiness.

533
00:29:41,800 --> 00:29:44,000
Speaker 6: In Steadiness supports better decisions.

534
00:29:44,640 --> 00:29:48,440
Speaker 2: Retirement income planning is rarely about finding one perfect account.

535
00:29:48,560 --> 00:29:52,600
Speaker 2: It's about coordinating multiple accounts so that income decisions feel intentional.

536
00:29:53,320 --> 00:29:57,720
Speaker 2: Balance tends to support flexibility. Concentration can create rigidity.

537
00:29:58,320 --> 00:30:03,320
Speaker 4: At Kelly Financial Service as our fiduciary advisors approach this

538
00:30:03,440 --> 00:30:08,440
Speaker 4: from an educational standpoint. The emphasis is not on promising

539
00:30:08,480 --> 00:30:13,800
Speaker 4: specific outcomes, is not on predicting future tax rates. It

540
00:30:14,080 --> 00:30:19,400
Speaker 4: is on helping families understand how income sources function under

541
00:30:19,400 --> 00:30:24,280
Speaker 4: current rules and how those rules may influence everyday decisions.

542
00:30:24,760 --> 00:30:29,920
Speaker 4: Education supports clarity. Clarity supports confidence.

543
00:30:29,680 --> 00:30:33,280
Speaker 2: And it's important to remember TOX laws can change. We

544
00:30:33,320 --> 00:30:35,760
Speaker 2: are not TOX advisors, and we encourage you to coordinate

545
00:30:35,800 --> 00:30:39,920
Speaker 2: any TOX decisions with your CPA or TOX professional. Markets fluctuate,

546
00:30:40,240 --> 00:30:44,200
Speaker 2: personal circumstances evolve, and all investing evolves risk, including the

547
00:30:44,200 --> 00:30:47,240
Speaker 2: potential loss of principle. No single strategy is appropriate for

548
00:30:47,280 --> 00:30:50,640
Speaker 2: every household. That is why informed conversation matters.

549
00:30:50,960 --> 00:30:54,960
Speaker 4: If you are unsure how your retirement income may be taxed,

550
00:30:55,280 --> 00:30:59,840
Speaker 4: or how evolving rules could influence your lifestyle decisions, it

551
00:31:00,080 --> 00:31:04,560
Speaker 4: may be worth reviewing your income structure with a qualified professional.

552
00:31:04,920 --> 00:31:10,040
Speaker 4: The fiduciary advisors at Kelly Financial Services focus on helping

553
00:31:10,120 --> 00:31:16,240
Speaker 4: families understand how their accounts work together, how timing affects income,

554
00:31:16,720 --> 00:31:21,800
Speaker 4: how structure supports flexibility. Because retirement is not just about

555
00:31:21,840 --> 00:31:26,840
Speaker 4: account balances, it's about how those balances support your life, travel,

556
00:31:27,280 --> 00:31:34,440
Speaker 4: family time, generosity, healthcare decisions. Tax awareness simply helps clarify

557
00:31:34,640 --> 00:31:38,720
Speaker 4: how income supports those priorities. If you would like to

558
00:31:38,760 --> 00:31:43,200
Speaker 4: better understand how your retirement income is structured and how

559
00:31:43,320 --> 00:31:47,760
Speaker 4: tax awareness may support greater flexibility, you can call us

560
00:31:47,880 --> 00:31:51,640
Speaker 4: at eight eight eight eight hundred eighteen eighty one or

561
00:31:51,800 --> 00:31:56,720
Speaker 4: email Kelly at Kellyfinancial dot org to schedule a time

562
00:31:56,840 --> 00:31:59,720
Speaker 4: to speak with a member of the Kelly Financial team,

563
00:32:00,120 --> 00:32:03,560
Speaker 4: and when we return, we'll continue this conversation and talk

564
00:32:03,560 --> 00:32:08,120
Speaker 4: about practical steps that can help retires stay organized and

565
00:32:08,280 --> 00:32:11,360
Speaker 4: confident as retirement rules evolve.

566
00:32:11,760 --> 00:32:12,640
Speaker 5: Stay with us.

567
00:32:12,760 --> 00:32:17,600
Speaker 4: There's more head on safe money strategies.

568
00:32:18,640 --> 00:32:22,760
Speaker 3: Safe money strategies brought to you by Kelly Financial Services.

569
00:32:22,960 --> 00:32:26,720
Speaker 3: Call eight eight eight eight hundred eighteen eighty one or

570
00:32:26,800 --> 00:32:28,720
Speaker 3: visit Kellyfinancial dot org.

571
00:32:29,320 --> 00:32:33,280
Speaker 9: Ready to enjoy your golden years without worry. At Kelly Financial,

572
00:32:33,400 --> 00:32:36,719
Speaker 9: we know retirement planning can be overwhelming. With more than

573
00:32:36,760 --> 00:32:40,480
Speaker 9: twenty two years of experience, our friendly team of advisors

574
00:32:40,560 --> 00:32:43,720
Speaker 9: makes it easy and stress free. Trust us to help

575
00:32:43,760 --> 00:32:47,280
Speaker 9: you create a secure and enjoyable future. For a free

576
00:32:47,320 --> 00:32:51,600
Speaker 9: initial retirement consultation called eight eight eight eight hundred, eighteen

577
00:32:51,680 --> 00:32:55,840
Speaker 9: eighty one or email Kelly at Kellyfinancial dot org. We're

578
00:32:55,920 --> 00:32:58,000
Speaker 9: Kelly Financial. Come retire with.

579
00:32:57,960 --> 00:33:02,920
Speaker 3: Us Safe money strategy Jee with William Kelly and Kelly Kelly.

580
00:33:03,160 --> 00:33:07,440
Speaker 3: Call the team on eight eight hundred, eighteen eighty one

581
00:33:08,120 --> 00:33:13,400
Speaker 3: taking care.

582
00:33:13,720 --> 00:33:17,600
Speaker 4: Welcome back to save money strategies. I'm Kelly Kelly here

583
00:33:17,640 --> 00:33:21,000
Speaker 4: with my son, William Kelly Junior. In the first segment,

584
00:33:21,120 --> 00:33:25,120
Speaker 4: we talked about how tax free income is not about

585
00:33:25,160 --> 00:33:30,240
Speaker 4: avoiding taxes. It's about flexibility. It's about knowing how your

586
00:33:30,280 --> 00:33:35,479
Speaker 4: income works, so retirement decisions feel steady, not stressful. So

587
00:33:35,640 --> 00:33:40,800
Speaker 4: let's make this practical. What does tax confidence actually look like?

588
00:33:41,520 --> 00:33:44,520
Speaker 2: I think it starts with something very simple. Knowing where

589
00:33:44,520 --> 00:33:46,920
Speaker 2: your income is coming from, not in a vague way,

590
00:33:46,920 --> 00:33:50,880
Speaker 2: but specifically which accounts create toxboy income, which accounts may not.

591
00:33:51,360 --> 00:33:53,800
Speaker 2: How does one withdrawal effect the rest? Because a lot

592
00:33:53,840 --> 00:33:56,440
Speaker 2: of hesitation and retirement doesn't come from a lack of money.

593
00:33:56,640 --> 00:33:58,360
Speaker 6: It comes from a lack of clarity.

594
00:33:58,560 --> 00:33:59,920
Speaker 5: And that's exactly right.

595
00:34:00,080 --> 00:34:04,040
Speaker 4: When people are unsure about how a distribution might affect

596
00:34:04,040 --> 00:34:08,560
Speaker 4: their overall tax picture, they pause, They delay trips, they

597
00:34:08,600 --> 00:34:14,160
Speaker 4: rethink gifts, they question larger purchases, not necessarily because they

598
00:34:14,200 --> 00:34:18,320
Speaker 4: cannot afford them, but because they do not want surprises.

599
00:34:18,560 --> 00:34:22,640
Speaker 4: And that hesitation can quietly shape retirement.

600
00:34:22,440 --> 00:34:24,440
Speaker 6: And retirement income today is layered.

601
00:34:24,640 --> 00:34:27,000
Speaker 2: Some people have traditional iras or four to one keys,

602
00:34:27,520 --> 00:34:31,279
Speaker 2: Some have roth accounts, some have taxable brokerage accounts. Others

603
00:34:31,360 --> 00:34:35,080
Speaker 2: may have health savings accounts or certain insurance structures. Each

604
00:34:35,120 --> 00:34:39,120
Speaker 2: one behaves differently, Each one has rules, and the goal

605
00:34:39,239 --> 00:34:40,360
Speaker 2: is not to use everything.

606
00:34:40,680 --> 00:34:42,279
Speaker 6: It is to understand what you have.

607
00:34:42,960 --> 00:34:47,160
Speaker 4: And once you understand what you have, flexibility begins to

608
00:34:47,200 --> 00:34:51,280
Speaker 4: feel more real because you're not relying on a single

609
00:34:51,480 --> 00:34:57,560
Speaker 4: income source, you're coordinating them. Retirement flexibility usually comes from balance,

610
00:34:57,880 --> 00:34:59,839
Speaker 4: not Concentration.

611
00:35:00,400 --> 00:35:04,200
Speaker 2: Does not happen automatically. It requires organization. Do you know

612
00:35:04,239 --> 00:35:08,160
Speaker 2: where your accounts are are beneficiary designation's current Does your

613
00:35:08,200 --> 00:35:11,880
Speaker 2: spouse understand how income flows with a trusted contact nowhere

614
00:35:11,880 --> 00:35:15,120
Speaker 2: to look in an emergency? Those are not complicated steps,

615
00:35:15,239 --> 00:35:16,520
Speaker 2: but they reduce confusion.

616
00:35:16,760 --> 00:35:23,960
Speaker 4: Clear communication prevents stress later When both spouses understand account structures,

617
00:35:24,239 --> 00:35:31,120
Speaker 4: When beneficiaries reflect current wishes, When documents are accessible, transitions

618
00:35:31,280 --> 00:35:35,839
Speaker 4: tend to feel smoother, and that organization supports confidence.

619
00:35:36,360 --> 00:35:40,200
Speaker 2: Another piece of this is context. Retirement tax rules overlap.

620
00:35:40,360 --> 00:35:40,880
Speaker 6: They evolve.

621
00:35:41,400 --> 00:35:43,399
Speaker 2: Well worked five years ago may not work the same

622
00:35:43,440 --> 00:35:46,560
Speaker 2: way today, and many retirees make decisions one account at

623
00:35:46,560 --> 00:35:49,640
Speaker 2: a time. They withdraw from one source without considering how

624
00:35:49,680 --> 00:35:53,359
Speaker 2: that decision interacts with other areas of their financial picture exactly.

625
00:35:53,719 --> 00:35:59,920
Speaker 4: A withdrawal might affect taxable income That could influence Medicare premium.

626
00:36:00,560 --> 00:36:04,839
Speaker 4: It could shift bracket exposure. It could change how other

627
00:36:05,000 --> 00:36:11,680
Speaker 4: income is treated. Some income is fully taxable, some partially taxable,

628
00:36:12,160 --> 00:36:16,520
Speaker 4: Some may not be taxable at all. Understanding how those

629
00:36:16,560 --> 00:36:19,680
Speaker 4: pieces interact matters, and this.

630
00:36:19,560 --> 00:36:20,520
Speaker 6: Is where do it yourself.

631
00:36:20,520 --> 00:36:24,240
Speaker 2: Retirement tax decisions can sometimes create unintended consequences.

632
00:36:24,760 --> 00:36:26,160
Speaker 6: There's nothing wrong with being.

633
00:36:26,000 --> 00:36:29,840
Speaker 2: Engaged in your financial life, but retirement income plainning is layered.

634
00:36:30,120 --> 00:36:35,840
Speaker 2: It touches taxes, longevity, beneficiary coordination, lifestyle priorities. Without context,

635
00:36:35,880 --> 00:36:38,000
Speaker 2: it's easy to focus on one decision and miss the

636
00:36:38,040 --> 00:36:38,720
Speaker 2: ripple effect.

637
00:36:38,880 --> 00:36:45,080
Speaker 4: At Kelly Financial Services, the fiduciary advisors approach these conversations

638
00:36:45,120 --> 00:36:50,200
Speaker 4: from an educational perspective. The emphasis is not on predictions,

639
00:36:50,719 --> 00:36:55,680
Speaker 4: is not on promising specific outcomes. It's on helping families

640
00:36:55,880 --> 00:37:01,680
Speaker 4: understand how income sources function together under current rules. Education

641
00:37:02,040 --> 00:37:04,120
Speaker 4: support steadiness.

642
00:37:03,640 --> 00:37:07,440
Speaker 2: And steadiness is powerful in retirement because flexibility does not

643
00:37:07,560 --> 00:37:12,680
Speaker 2: require perfection, it requires awareness. When retirees understand their income structure,

644
00:37:12,920 --> 00:37:17,520
Speaker 2: they're often more comfortable reviewing decisions annually. They can adjust gradually,

645
00:37:17,880 --> 00:37:21,360
Speaker 2: they can respond to evolving rules thoughtfully instead of emotionally.

646
00:37:21,920 --> 00:37:25,840
Speaker 4: And we should say this clearly. Tax laws can change,

647
00:37:26,200 --> 00:37:33,759
Speaker 4: personal circumstances, change markets, fluctuate. All investing involves risk, including

648
00:37:33,840 --> 00:37:38,640
Speaker 4: the potential laws of principle. No single strategy is appropriate

649
00:37:38,800 --> 00:37:43,600
Speaker 4: for every individual. That is why periodic review matters, not

650
00:37:43,800 --> 00:37:49,040
Speaker 4: because something is necessarily wrong, but because staying informed supports

651
00:37:49,160 --> 00:37:51,160
Speaker 4: better decisions over time.

652
00:37:51,480 --> 00:37:54,319
Speaker 2: And this really comes back to lifestyle. Retirement is not

653
00:37:54,400 --> 00:37:57,680
Speaker 2: only about account balances, It's about how those balances, support

654
00:37:57,680 --> 00:38:03,520
Speaker 2: your life, travel, family gatherings, charitable giving, healthcare decisions, housing choices.

655
00:38:04,080 --> 00:38:07,920
Speaker 2: Tax awareness simply helps clarify how income supports those priorities.

656
00:38:08,200 --> 00:38:09,120
Speaker 5: If you have not.

657
00:38:09,320 --> 00:38:14,000
Speaker 4: Recently reviewed how your income sources may be taxed or

658
00:38:14,080 --> 00:38:18,719
Speaker 4: how evolving rules could influence your withdrawal approach, it may

659
00:38:18,760 --> 00:38:24,000
Speaker 4: be worth revisiting these conversations. The fiduciary advisors at Kelly

660
00:38:24,000 --> 00:38:29,840
Speaker 4: Financial Services focus on helping families evaluate income structure in

661
00:38:30,000 --> 00:38:35,200
Speaker 4: light of current regulations and personal goals. The discussion centers

662
00:38:35,280 --> 00:38:41,880
Speaker 4: on education, understanding how accounts are taxed, understanding how timing works,

663
00:38:42,400 --> 00:38:49,000
Speaker 4: understanding how income aligns with lifestyle. Clarity often leads to confidence.

664
00:38:49,560 --> 00:38:52,759
Speaker 4: If you would like to better understand how your retirement

665
00:38:52,840 --> 00:38:58,360
Speaker 4: income is structured and how tax awareness may support greater flexibility,

666
00:38:58,880 --> 00:39:02,080
Speaker 4: you can call eight eight eight eight hundred eighteen eighty

667
00:39:02,120 --> 00:39:07,200
Speaker 4: one or email Kelli at kellifinancial dot org to schedule

668
00:39:07,320 --> 00:39:09,680
Speaker 4: a time to speak with a member of the Kelli

669
00:39:09,760 --> 00:39:14,200
Speaker 4: Financial team. And as we continue today's program, we will

670
00:39:14,239 --> 00:39:18,840
Speaker 4: explore more ways thoughtful planning and steady guidance can support

671
00:39:18,880 --> 00:39:23,160
Speaker 4: the retirement lifestyle you've worked hard to build. Stay with us,

672
00:39:23,280 --> 00:39:28,120
Speaker 4: there's more ahead on safe money strategies.

673
00:39:28,960 --> 00:39:33,040
Speaker 3: Safe Money Strategies brought to you by Kelly Financial Services

674
00:39:33,239 --> 00:39:37,040
Speaker 3: Call eight eight eight eight hundred eighteen eighty one or

675
00:39:37,120 --> 00:39:39,040
Speaker 3: visit Kellyfinancial dot org.

676
00:39:40,600 --> 00:39:42,239
Speaker 2: Welcome back if you're just joining us.

677
00:39:42,360 --> 00:39:45,880
Speaker 7: Today's conversation is all about one simple but incredibly important

678
00:39:45,920 --> 00:39:47,320
Speaker 7: idea in retirement planning.

679
00:39:47,600 --> 00:39:48,480
Speaker 2: Order matters.

680
00:39:48,719 --> 00:39:51,399
Speaker 7: It's not just what income sources you have, it's when

681
00:39:51,440 --> 00:39:54,040
Speaker 7: you turn them on, how you coordinate them, and how

682
00:39:54,080 --> 00:39:55,319
Speaker 7: they work together over time.

683
00:39:55,440 --> 00:39:57,960
Speaker 8: And Mike, this is where a lot of stress and

684
00:39:58,400 --> 00:40:03,000
Speaker 8: mistakes happen, because once certain decisions are made in retirement,

685
00:40:03,239 --> 00:40:07,840
Speaker 8: they're either difficult or impossible to undo. Social Security timing,

686
00:40:08,200 --> 00:40:11,880
Speaker 8: pension elections, and even how aggressively you draw from certain

687
00:40:11,920 --> 00:40:15,120
Speaker 8: accounts can all have long term consequences.

688
00:40:15,400 --> 00:40:18,719
Speaker 7: Let's walk through how we generally think about income sequencing,

689
00:40:18,880 --> 00:40:22,040
Speaker 7: not as a rule, but as a framework. Most retirees

690
00:40:22,080 --> 00:40:25,280
Speaker 7: have income coming from a mix of guaranteed income, social

691
00:40:25,280 --> 00:40:29,200
Speaker 7: security or pensions, tax deferred accounts things such as iras

692
00:40:29,239 --> 00:40:31,920
Speaker 7: and four oh one case maybe tax free accounts like

693
00:40:31,920 --> 00:40:35,520
Speaker 7: a rough IRA, and then taxable brokerage accounts. The key

694
00:40:35,600 --> 00:40:37,560
Speaker 7: is figuring out how to layer these together.

695
00:40:37,600 --> 00:40:41,640
Speaker 8: Efficiently right, and one of the biggest planning opportunities we

696
00:40:41,760 --> 00:40:45,799
Speaker 8: often see is in the early years of retirement, especially

697
00:40:45,840 --> 00:40:51,800
Speaker 8: before required minimum distributions or r mds begin. Those years

698
00:40:51,800 --> 00:40:56,879
Speaker 8: can be a sweet spot for strategic withdrawals, managing tax brackets,

699
00:40:56,880 --> 00:41:03,040
Speaker 8: intentionally creating flexibility or in retirement, but only if there's

700
00:41:03,080 --> 00:41:03,520
Speaker 8: a plan.

701
00:41:03,719 --> 00:41:07,120
Speaker 7: Social security is usually the first big decision retirees think about,

702
00:41:07,360 --> 00:41:11,440
Speaker 7: and understandably so it feels like a now or never choice.

703
00:41:11,560 --> 00:41:12,680
Speaker 2: But here's the mistake.

704
00:41:13,000 --> 00:41:16,759
Speaker 7: People often decide when to take social security without coordinating

705
00:41:16,800 --> 00:41:18,520
Speaker 7: it with everything else exactly.

706
00:41:18,920 --> 00:41:23,600
Speaker 8: Delaying social security can make sense in many cases, especially

707
00:41:23,680 --> 00:41:28,120
Speaker 8: for longevity planning, but it's not automatically the right answer.

708
00:41:28,760 --> 00:41:32,520
Speaker 8: If you delay social Security and aggressively draw down from

709
00:41:32,560 --> 00:41:36,160
Speaker 8: tax deferred accounts in the meantime, you may pay higher

710
00:41:36,239 --> 00:41:42,239
Speaker 8: taxes earlier than necessary, inflate future rmds, and or reduce

711
00:41:42,560 --> 00:41:43,600
Speaker 8: flexibility later.

712
00:41:43,640 --> 00:41:44,279
Speaker 6: On.

713
00:41:44,280 --> 00:41:47,960
Speaker 8: On the flip side, taking social security too early can

714
00:41:48,120 --> 00:41:52,320
Speaker 8: permanently reduce your benefit. The right answer, well, it depends

715
00:41:52,520 --> 00:41:55,120
Speaker 8: on how it fits into the overall plan.

716
00:41:55,320 --> 00:41:56,080
Speaker 2: Let's walk through.

717
00:41:55,960 --> 00:41:59,160
Speaker 7: Another hypothetical example again on an actual client. Is something

718
00:41:59,200 --> 00:42:03,680
Speaker 7: we see often meets Susan. She's sixty six, recently retired

719
00:42:03,960 --> 00:42:07,080
Speaker 7: single and has eight hundred and fifty thousand in a

720
00:42:07,120 --> 00:42:10,200
Speaker 7: traditional IRA, another one hundred and fifty thousand in a

721
00:42:10,200 --> 00:42:13,600
Speaker 7: brokerage account. She has no pension, and she's eligible for

722
00:42:13,640 --> 00:42:17,240
Speaker 7: Social Security right now. Susan's first instinct is to delay

723
00:42:17,280 --> 00:42:21,080
Speaker 7: social Security until age seventy and live entirely off her IRA.

724
00:42:21,400 --> 00:42:25,160
Speaker 8: When we model this out, something interesting happens. By pulling

725
00:42:25,200 --> 00:42:28,200
Speaker 8: heavily from the IRA early, she moves into a higher

726
00:42:28,239 --> 00:42:33,040
Speaker 8: tax bracket, her future r and ds increase significantly, more

727
00:42:33,120 --> 00:42:37,160
Speaker 8: of her social Security becomes taxable later, and her Medicare

728
00:42:37,239 --> 00:42:42,120
Speaker 8: premiums are higher in her seventies. Now, let's compare that

729
00:42:42,600 --> 00:42:48,120
Speaker 8: with a coordinated approach modest IRA withdrawals, partial use of

730
00:42:48,200 --> 00:42:52,640
Speaker 8: brokerage assets, social Security that is turned on earlier at

731
00:42:52,640 --> 00:42:57,480
Speaker 8: a reduced level, taxes managed more efficiently over time. The

732
00:42:57,600 --> 00:43:02,160
Speaker 8: difference in lifetime taxes it can be substantial, even though

733
00:43:02,200 --> 00:43:05,200
Speaker 8: the total income looks similar on paper.

734
00:43:05,320 --> 00:43:08,240
Speaker 7: One thing we always tell people is this retirement planning

735
00:43:08,400 --> 00:43:11,239
Speaker 7: is a series of trade offs. There is no strategy

736
00:43:11,320 --> 00:43:16,200
Speaker 7: that maximizes income, taxes, flexibility, guarantees, and growth all at

737
00:43:16,239 --> 00:43:17,120
Speaker 7: the same time.

738
00:43:16,960 --> 00:43:21,080
Speaker 8: So instead of chasing it perfect outcome, the goal is coordination.

739
00:43:21,719 --> 00:43:26,439
Speaker 8: We want to accomplish three things. One reduce unpleasant surprises,

740
00:43:26,800 --> 00:43:30,600
Speaker 8: two smooth income and taxes over time, and three create

741
00:43:30,680 --> 00:43:35,120
Speaker 8: confidence that the plan can adapt. That's why the order

742
00:43:35,200 --> 00:43:38,440
Speaker 8: you take income matters just as much as.

743
00:43:38,280 --> 00:43:40,200
Speaker 6: How much you have rule of thumb.

744
00:43:40,320 --> 00:43:43,760
Speaker 7: They sound comforting and delay social security to age seventy,

745
00:43:43,960 --> 00:43:47,359
Speaker 7: live off taxable money first. Don't touch retirement accounts early,

746
00:43:47,800 --> 00:43:50,640
Speaker 7: but retirement isn't lived in bullet points exactly.

747
00:43:51,080 --> 00:43:54,359
Speaker 8: Those rules can be helpful starting points, but without context

748
00:43:54,800 --> 00:43:58,719
Speaker 8: they can do real damage. A written retirement plan allows

749
00:43:58,800 --> 00:44:04,160
Speaker 8: us to test different scenarios, stress test income under market volatility,

750
00:44:04,560 --> 00:44:10,120
Speaker 8: adjust for health, longevity and lifestyle goals, coordinate income, investments

751
00:44:10,160 --> 00:44:15,800
Speaker 8: and taxes together, and most importantly, it replaces guessing with intention.

752
00:44:16,160 --> 00:44:18,759
Speaker 7: What we see over and over again is this, When

753
00:44:18,800 --> 00:44:22,480
Speaker 7: retirees understand their income order, stress goes down. They stop

754
00:44:22,520 --> 00:44:25,000
Speaker 7: wondering am I taking too much? Am I paying more

755
00:44:25,000 --> 00:44:27,399
Speaker 7: in taxes than I should? What happens when the market

756
00:44:27,480 --> 00:44:28,760
Speaker 7: drops because they.

757
00:44:28,640 --> 00:44:31,040
Speaker 8: Know there's a plan, and that plan was built to

758
00:44:31,120 --> 00:44:36,080
Speaker 8: evolve over time. That's what confidence in retirement really looks like.

759
00:44:36,320 --> 00:44:38,759
Speaker 7: If today's conversation made you realize you don't have a

760
00:44:38,800 --> 00:44:41,320
Speaker 7: clear income order, or that your plan is more of

761
00:44:41,360 --> 00:44:44,239
Speaker 7: a collection of assumptions, we'd encourage you to start with

762
00:44:44,280 --> 00:44:46,000
Speaker 7: our Safe Money Strategies Workbook.

763
00:44:46,120 --> 00:44:51,520
Speaker 8: It's complementary and it walks you through income sources, timing decisions,

764
00:44:51,800 --> 00:44:55,560
Speaker 8: and planning priorities before you make moves that.

765
00:44:55,640 --> 00:44:56,840
Speaker 2: Can't be undone.

766
00:44:56,920 --> 00:44:58,920
Speaker 7: You can request the workbook by reaching out to our

767
00:44:58,960 --> 00:45:00,840
Speaker 7: office or visit our website.

768
00:45:00,920 --> 00:45:03,640
Speaker 2: There's no obligation, just a chance to bring clarity to.

769
00:45:03,640 --> 00:45:06,960
Speaker 8: Your retirement decisions, because when it comes to retirement income,

770
00:45:07,320 --> 00:45:09,920
Speaker 8: the right border can make all the difference.

771
00:45:10,440 --> 00:45:13,279
Speaker 2: With that, I'm Greg Workman and I'm Mike du Said.

772
00:45:13,480 --> 00:45:15,480
Speaker 2: Thanks for spending part of your day with us. We'll

773
00:45:15,520 --> 00:45:16,279
Speaker 2: see you next time.

774
00:45:21,239 --> 00:45:22,280
Speaker 5: I'm Kelly Kelly.

775
00:45:22,440 --> 00:45:24,960
Speaker 4: As we start off a new year, many families are

776
00:45:25,000 --> 00:45:28,640
Speaker 4: thinking about fresh starts, not just financially, but how we

777
00:45:28,680 --> 00:45:32,279
Speaker 4: prepare the next generation for life. At Kelly Financial, our

778
00:45:32,360 --> 00:45:35,680
Speaker 4: work has always been about helping families make thoughtful long

779
00:45:35,800 --> 00:45:39,640
Speaker 4: term decisions, including how the next generation gets started. And

780
00:45:39,719 --> 00:45:43,840
Speaker 4: while all investing involves risk, including the potential loss of principle,

781
00:45:44,000 --> 00:45:47,400
Speaker 4: we believe education and good habits are the foundation for

782
00:45:47,520 --> 00:45:51,000
Speaker 4: smart choices over time. That's why we're offering Only the

783
00:45:51,040 --> 00:45:54,160
Speaker 4: Good invest Young, a book written by my son, William

784
00:45:54,239 --> 00:45:57,560
Speaker 4: Kelly Junior. It's a clear, encouraging guide to the basics

785
00:45:57,560 --> 00:46:01,239
Speaker 4: of money, responsibility and habits that matter over time. If

786
00:46:01,280 --> 00:46:04,440
Speaker 4: you have a child, a grandchild, for someone just beginning,

787
00:46:04,520 --> 00:46:07,200
Speaker 4: this is a thoughtful place to start. We're offering a

788
00:46:07,239 --> 00:46:11,320
Speaker 4: complimentary signed copy to our WRKO listeners and clients.

789
00:46:11,520 --> 00:46:14,359
Speaker 5: Call eight eight eight eight hundred and eighteen eighty one or.

790
00:46:14,360 --> 00:46:18,440
Speaker 4: Email Kelly at Kellyfinancial dot org gets a simple message

791
00:46:18,480 --> 00:46:20,359
Speaker 4: and a meaningful way to begin the year.

792
00:46:22,040 --> 00:46:28,800
Speaker 1: Joining me now is William Kelly Junior. He is obviously

793
00:46:28,840 --> 00:46:32,680
Speaker 1: from Kelly Financial Services, and as you know, normally it's

794
00:46:32,719 --> 00:46:35,720
Speaker 1: his mother who comes on Kelly Kelly to talk about

795
00:46:35,760 --> 00:46:39,920
Speaker 1: the latest that's coming from Kelly Financial Services. Today, however,

796
00:46:40,600 --> 00:46:43,879
Speaker 1: he's going to talk about his new book, Only the

797
00:46:43,920 --> 00:46:45,040
Speaker 1: Good invest Young.

798
00:46:45,800 --> 00:46:49,080
Speaker 5: William, why did you feel compelled to.

799
00:46:49,040 --> 00:46:50,880
Speaker 6: Write the book, Good morning, Jeff.

800
00:46:51,160 --> 00:46:53,279
Speaker 2: I wrote Only the Good invest Young because I kept

801
00:46:53,320 --> 00:46:55,760
Speaker 2: seeing people my age who genuinely wanted to make smart

802
00:46:55,760 --> 00:46:58,640
Speaker 2: financial decisions but didn't always know where to start or

803
00:46:58,680 --> 00:46:59,759
Speaker 2: which questions Even matter.

804
00:47:00,400 --> 00:47:02,520
Speaker 6: This book isn't about hype or shortcuts.

805
00:47:02,680 --> 00:47:07,800
Speaker 2: It's about understanding how investing really works over time, how compounding, taxes, debt,

806
00:47:07,880 --> 00:47:11,320
Speaker 2: and behavior all shape long term outcomes. I also included

807
00:47:11,360 --> 00:47:15,239
Speaker 2: perspectives from people I respect, mentors, professionals, and leaders who

808
00:47:15,320 --> 00:47:18,560
Speaker 2: shared lessons they'd wish they'd learned earlier in life. And Jeff,

809
00:47:18,600 --> 00:47:21,200
Speaker 2: you've spent years helping people think more clearly through your

810
00:47:21,239 --> 00:47:23,759
Speaker 2: work and your voice here on radio. And I want

811
00:47:23,760 --> 00:47:26,400
Speaker 2: to be clear, this isn't about telling anyone what to do.

812
00:47:26,800 --> 00:47:29,920
Speaker 2: Investing always involves risks, and like any investment, you can

813
00:47:29,960 --> 00:47:32,919
Speaker 2: lose principle. My goal was simply to help people think

814
00:47:32,960 --> 00:47:36,520
Speaker 2: more clearly, ask better questions, and build awareness before mistakes

815
00:47:36,520 --> 00:47:39,880
Speaker 2: become expensive. If you're early in your investing journey or

816
00:47:39,920 --> 00:47:42,600
Speaker 2: helping someone who is, and you like a complimentary copy

817
00:47:42,640 --> 00:47:45,359
Speaker 2: of Only the Good invest Young, you can contact us

818
00:47:45,400 --> 00:47:47,000
Speaker 2: here at Kelly Financial.

819
00:47:47,400 --> 00:47:50,000
Speaker 6: Jeff, have a great weekend and my best to the family.

820
00:47:50,200 --> 00:47:52,799
Speaker 1: Thank you, William Kelly, all the best to you and

821
00:47:52,880 --> 00:47:56,359
Speaker 1: everyone at Kelly Financial. To get a free copy of

822
00:47:56,360 --> 00:47:59,080
Speaker 1: William Kelly's book, and I urge all of you if

823
00:47:59,080 --> 00:48:02,120
Speaker 1: you can go get it, call now eight eighty eight

824
00:48:02,320 --> 00:48:06,880
Speaker 1: eight hundred eighteen eighty one eight eighty eight hundred eighteen

825
00:48:06,920 --> 00:48:11,160
Speaker 1: eighty one, or you can actually email Kelly Kelly herself

826
00:48:11,200 --> 00:48:18,000
Speaker 1: personally Kelly Kelly Financial dot org. That's Kelly Kelly Financial

827
00:48:18,640 --> 00:48:19,239
Speaker 1: dot org.

828
00:48:25,600 --> 00:48:30,960
Speaker 3: Safe Money Strategies A eight eight hundred one eight eight one.

829
00:48:32,040 --> 00:48:36,280
Speaker 4: This next reflection from Bill Kelly was recorded many years

830
00:48:36,280 --> 00:48:40,480
Speaker 4: ago during a different political season, but so much of

831
00:48:40,520 --> 00:48:45,120
Speaker 4: what he talks about still resonates today. It's about protecting

832
00:48:45,200 --> 00:48:48,760
Speaker 4: what you've worked so hard to build, keeping your moral

833
00:48:48,840 --> 00:48:53,360
Speaker 4: compass steady, and remembering that Americans have always moved forward

834
00:48:53,600 --> 00:48:57,480
Speaker 4: by working a little harder and a little better. Here's Bill.

835
00:48:58,640 --> 00:49:01,279
Speaker 6: We want to take away tis because it's bad.

836
00:49:01,320 --> 00:49:05,000
Speaker 12: It hurts people, even though the difference between the top

837
00:49:05,080 --> 00:49:08,200
Speaker 12: golfer in the world and the person who's number three

838
00:49:08,280 --> 00:49:11,400
Speaker 12: hundred on the tour is really an average of four

839
00:49:11,440 --> 00:49:13,080
Speaker 12: strokes over eighteen holes.

840
00:49:13,080 --> 00:49:13,839
Speaker 6: Can you believe that?

841
00:49:14,280 --> 00:49:16,319
Speaker 12: And it's how they match up and match play and

842
00:49:16,360 --> 00:49:20,000
Speaker 12: how people react in tournaments that make it very important

843
00:49:20,200 --> 00:49:23,000
Speaker 12: in winning. It's a razor thin margin, ladies and gentlemen,

844
00:49:23,200 --> 00:49:25,839
Speaker 12: and it's the people who save ten dollars a week

845
00:49:26,040 --> 00:49:28,440
Speaker 12: for their lifetime and they add to it when they

846
00:49:28,440 --> 00:49:30,799
Speaker 12: get raises and when they get bonuses, and when they

847
00:49:30,800 --> 00:49:34,080
Speaker 12: get Christmas money. And it's people like that. It's people

848
00:49:34,160 --> 00:49:38,160
Speaker 12: like you who save, who invest wisely, who watch their money,

849
00:49:38,440 --> 00:49:41,480
Speaker 12: and who have accumulated it that now are the target

850
00:49:41,680 --> 00:49:45,760
Speaker 12: of these massive tax increases. So there are some ways

851
00:49:45,800 --> 00:49:49,520
Speaker 12: to combat that, potential ways to save your estate from

852
00:49:49,560 --> 00:49:49,879
Speaker 12: these things.

853
00:49:49,960 --> 00:49:51,040
Speaker 6: We're very aware of those.

854
00:49:51,200 --> 00:49:54,720
Speaker 12: So it's here what we feared, losing our liberty, having

855
00:49:54,760 --> 00:49:57,879
Speaker 12: something forced down our throats by people, most of whom

856
00:49:57,920 --> 00:50:00,799
Speaker 12: have never worked a job in their life except they

857
00:50:00,960 --> 00:50:04,440
Speaker 12: have been quote unquote public servants, who have taken money,

858
00:50:04,480 --> 00:50:06,879
Speaker 12: who have outright stolen money in front of our very

859
00:50:06,920 --> 00:50:10,160
Speaker 12: own eyes, who have robbed us blind. Now, I personally

860
00:50:10,239 --> 00:50:13,919
Speaker 12: am not a tax protester. We withhold taxes at an

861
00:50:13,920 --> 00:50:17,560
Speaker 12: astounding rate, and we feel that it's our fair share.

862
00:50:17,680 --> 00:50:21,240
Speaker 12: It's America. I'm free. But it's getting to the limit,

863
00:50:21,320 --> 00:50:25,560
Speaker 12: formuladies and gentlemen. It's becoming increasingly more difficult to pay three,

864
00:50:25,760 --> 00:50:28,560
Speaker 12: four or five six thousand dollars a week in taxes.

865
00:50:28,960 --> 00:50:30,000
Speaker 6: That's a lot of money.

866
00:50:30,480 --> 00:50:32,960
Speaker 12: When I started out in this business, I think the

867
00:50:33,000 --> 00:50:36,000
Speaker 12: first year in the business, I made forty nine hundred dollars.

868
00:50:36,040 --> 00:50:38,880
Speaker 12: Then I made twelve thousand dollars. Then I think I

869
00:50:38,960 --> 00:50:42,279
Speaker 12: made thirty four thousand, sixty five thousand, and I think

870
00:50:42,320 --> 00:50:44,399
Speaker 12: I had my first one hundred thousand dollars a year

871
00:50:44,880 --> 00:50:48,760
Speaker 12: way back when in the nineties. And I've been fortunate.

872
00:50:48,800 --> 00:50:51,480
Speaker 12: Every year I have made more money. Don't ask me why,

873
00:50:51,920 --> 00:50:54,680
Speaker 12: because halfway through a lot of those years, I thought,

874
00:50:54,760 --> 00:50:57,239
Speaker 12: geez emo, I'm not going to make it this year.

875
00:50:57,400 --> 00:51:00,759
Speaker 12: This will be the year. But it's never happened. Knock

876
00:51:00,840 --> 00:51:03,359
Speaker 12: on wood. But along the way, I've had to pay

877
00:51:03,360 --> 00:51:07,800
Speaker 12: increasingly more taxes. Ladies and gentlemen, something has to be done.

878
00:51:08,480 --> 00:51:12,359
Speaker 12: You have to create a defense against this. You have

879
00:51:12,400 --> 00:51:15,560
Speaker 12: to defend your estate. How do you defend your state?

880
00:51:15,600 --> 00:51:18,480
Speaker 12: You put a moat around it, and you put eight drawbers.

881
00:51:18,480 --> 00:51:22,080
Speaker 12: Then you put barbed wire around the turrets. Then you

882
00:51:22,160 --> 00:51:24,640
Speaker 12: might want to get a pot of boiling oil. I guess,

883
00:51:24,920 --> 00:51:27,280
Speaker 12: so that when the people come to take what's yours,

884
00:51:27,680 --> 00:51:29,480
Speaker 12: they won't be able to do that. You will protect

885
00:51:29,560 --> 00:51:32,680
Speaker 12: the estate, which comes from the early European days. The

886
00:51:32,800 --> 00:51:36,200
Speaker 12: estate was the place the manor where the people live,

887
00:51:36,320 --> 00:51:39,600
Speaker 12: the propertied people. So it took a long while to

888
00:51:39,680 --> 00:51:42,960
Speaker 12: create your estate. You don't want it wiped out by

889
00:51:42,960 --> 00:51:46,360
Speaker 12: a mistake in taxation. You don't want things to happen

890
00:51:46,520 --> 00:51:49,680
Speaker 12: to spoil a great retirement. So there are many solutions,

891
00:51:49,719 --> 00:51:53,080
Speaker 12: I think, to some of these problems. Which one fits

892
00:51:53,120 --> 00:51:56,040
Speaker 12: you is for you to find out. The best way

893
00:51:56,160 --> 00:52:01,799
Speaker 12: is called eight eight hundred eighty one, eight hundred and one,

894
00:52:01,880 --> 00:52:06,240
Speaker 12: eight eighty one. And learn how you can act. Notice

895
00:52:06,280 --> 00:52:09,759
Speaker 12: we didn't say react. Learn how you can act, learn

896
00:52:09,840 --> 00:52:12,440
Speaker 12: how you can strategize, and learn how you can do

897
00:52:12,600 --> 00:52:15,800
Speaker 12: things just a little bit better. There's a little story

898
00:52:15,840 --> 00:52:18,120
Speaker 12: about doing things a little bit better. One of my

899
00:52:18,280 --> 00:52:22,280
Speaker 12: son's favorite books is Mike Mulligan and his Steam Shovel.

900
00:52:22,680 --> 00:52:25,759
Speaker 12: And his steam shovel was named Marianne. Now, back in

901
00:52:25,920 --> 00:52:29,239
Speaker 12: the early nineteen twenties nineteen thirties, believe it or not,

902
00:52:29,560 --> 00:52:33,279
Speaker 12: many of the machines the Little Engine that Could was

903
00:52:33,320 --> 00:52:37,840
Speaker 12: actually a female. Mike Mulligan's steam shovel is named Marianne,

904
00:52:38,160 --> 00:52:40,879
Speaker 12: and they would travel from town to town, and even

905
00:52:41,000 --> 00:52:44,600
Speaker 12: after steam shovels were obsolete, Mike Mulligan and mari Anne

906
00:52:44,640 --> 00:52:47,640
Speaker 12: would travel the countryside ladies and gentlemen and find work.

907
00:52:48,080 --> 00:52:50,880
Speaker 12: Now The thing about Mike Mulligan and Marianne the steam

908
00:52:50,920 --> 00:52:53,600
Speaker 12: Shovel she was read, by the way, is when they

909
00:52:53,680 --> 00:52:56,640
Speaker 12: were working, if people came to watch them, they would

910
00:52:56,719 --> 00:53:00,480
Speaker 12: work a little harder and a little better. So whenever

911
00:53:00,560 --> 00:53:02,920
Speaker 12: people would gather around when they were digging a basement

912
00:53:03,120 --> 00:53:06,680
Speaker 12: or a town hall or whatever they dug, they loved

913
00:53:06,719 --> 00:53:09,920
Speaker 12: having people watch them. They loved having people there because

914
00:53:09,960 --> 00:53:12,920
Speaker 12: they worked a little harder and a little better. So basically,

915
00:53:13,080 --> 00:53:15,960
Speaker 12: they're the opposite of our Congress, who they don't care

916
00:53:16,000 --> 00:53:18,520
Speaker 12: who's watching. They're not going to work harder, they're not

917
00:53:18,600 --> 00:53:20,279
Speaker 12: going to work better, they're going to give up. They're

918
00:53:20,320 --> 00:53:24,600
Speaker 12: going to give in to political chicanery and insider dealing.

919
00:53:25,239 --> 00:53:28,680
Speaker 12: But that's what happened with Mike Mulligan, and that's kind

920
00:53:28,719 --> 00:53:32,000
Speaker 12: of like Americans, ladies and gentlemen, when we're up against

921
00:53:32,080 --> 00:53:36,120
Speaker 12: it and we need to pull ourselves up by the bootstraps,

922
00:53:36,360 --> 00:53:38,600
Speaker 12: what do we do as a nation? We work a

923
00:53:38,719 --> 00:53:42,280
Speaker 12: little harder and a little better, especially when the world's

924
00:53:42,320 --> 00:53:45,120
Speaker 12: watching us or people are depending upon us. Now, there

925
00:53:45,160 --> 00:53:47,520
Speaker 12: seems to be a group of people that think we

926
00:53:47,680 --> 00:53:49,960
Speaker 12: can't make it. They're wrong, Ladies and gentlemen, Those are

927
00:53:49,960 --> 00:53:53,520
Speaker 12: the mocking fools. Remember, the mocking fools are telling us

928
00:53:53,600 --> 00:53:56,440
Speaker 12: we can't do it. The mocking fools are telling us

929
00:53:56,520 --> 00:53:59,440
Speaker 12: that we're racist. The mocking fools are telling us that

930
00:54:00,000 --> 00:54:03,360
Speaker 12: white people in trucks are terrorists. Those are the mocking fools.

931
00:54:03,400 --> 00:54:05,400
Speaker 12: And so how do the people in office right now

932
00:54:05,480 --> 00:54:09,560
Speaker 12: in Washington deal with us? They mock us, ladies and gentlemen.

933
00:54:09,800 --> 00:54:12,839
Speaker 12: They're mocking you. If you're a square, if you drive

934
00:54:12,920 --> 00:54:16,360
Speaker 12: a truck, if you work in construction, if you're a veteran,

935
00:54:16,840 --> 00:54:19,840
Speaker 12: if you're a retired law enforcement they're saying that you

936
00:54:20,040 --> 00:54:22,000
Speaker 12: are a potential terrorist threat.

937
00:54:22,400 --> 00:54:24,160
Speaker 6: Can you believe it? I believe it.

938
00:54:24,760 --> 00:54:27,759
Speaker 12: That's what they're thinking. What threat do you offer? The

939
00:54:27,880 --> 00:54:30,600
Speaker 12: threat that you offer is you have some kind of

940
00:54:30,640 --> 00:54:33,520
Speaker 12: a brain, ladies and gentlemen, and you know right from wrong.

941
00:54:34,120 --> 00:54:36,120
Speaker 12: Knowing right from wrong is a bad thing. It's a

942
00:54:36,280 --> 00:54:39,279
Speaker 12: dangerous thing to these people. So they want to do

943
00:54:39,440 --> 00:54:43,200
Speaker 12: something to silence you, to eradicate you, to get rid

944
00:54:43,239 --> 00:54:45,880
Speaker 12: of your sense of modesty, to get rid of your

945
00:54:45,920 --> 00:54:46,800
Speaker 12: sense of decency.

946
00:54:46,960 --> 00:54:50,360
Speaker 6: So they mock you. The mocking fools don't pull any ratings.

947
00:54:50,440 --> 00:54:51,520
Speaker 6: Nobody listens to them.

948
00:54:52,480 --> 00:54:55,399
Speaker 12: Nobody's interested in them, But they're just there to let

949
00:54:55,480 --> 00:54:58,320
Speaker 12: the people know it's just someone they can turn to,

950
00:54:58,520 --> 00:55:01,920
Speaker 12: Ladies and gentlemen. So you need to keep your compass

951
00:55:02,400 --> 00:55:05,799
Speaker 12: with you at all times. And North is still North,

952
00:55:05,880 --> 00:55:09,759
Speaker 12: ladies and gentlemen, and South is South. So keep it

953
00:55:09,840 --> 00:55:11,400
Speaker 12: in mind, ladies and gentlemen.

954
00:55:11,440 --> 00:55:12,000
Speaker 6: You are right.

955
00:55:12,440 --> 00:55:15,000
Speaker 12: There's nothing wrong with being a square. There's nothing wrong

956
00:55:15,040 --> 00:55:17,840
Speaker 12: with the Boy Scout handbook, ladies and gentlemen. I have

957
00:55:18,000 --> 00:55:21,400
Speaker 12: one from one hundred years ago, and every major politician

958
00:55:21,480 --> 00:55:25,480
Speaker 12: in America signed on to that Boy Scout Manual from

959
00:55:25,520 --> 00:55:30,280
Speaker 12: Teddy Roosevelt, past presidents, heads of large companies. They signed

960
00:55:30,440 --> 00:55:33,360
Speaker 12: that Boy Scout Manual and endorsed it. And there's a

961
00:55:33,400 --> 00:55:36,759
Speaker 12: reason for that. It's full of American civic values. It

962
00:55:36,840 --> 00:55:40,239
Speaker 12: shows people how to be great Americans, good Americans. Wait

963
00:55:40,280 --> 00:55:42,919
Speaker 12: a minute, we can't say good Americans anymore. That's a slur.

964
00:55:43,440 --> 00:55:43,880
Speaker 6: No, it's not.

965
00:55:44,920 --> 00:55:48,320
Speaker 12: We know what good Americans are, and we know what

966
00:55:48,480 --> 00:55:51,239
Speaker 12: they do and how to recognize them. And the first

967
00:55:51,320 --> 00:55:53,480
Speaker 12: thing they do is they put their hand over their

968
00:55:53,560 --> 00:55:58,279
Speaker 12: hearts and say the Pledge of allegiance straight up, and

969
00:55:58,400 --> 00:56:01,560
Speaker 12: they have no compunction about doing so. If you define

970
00:56:02,239 --> 00:56:06,080
Speaker 12: your objectives by a goal rather than by avoiding something.

971
00:56:06,560 --> 00:56:10,000
Speaker 12: Then you might find yourself having a great plan and

972
00:56:10,160 --> 00:56:12,719
Speaker 12: you might find yourself saying, well, this is how we

973
00:56:12,880 --> 00:56:13,440
Speaker 12: move forward.

974
00:56:20,360 --> 00:56:23,960
Speaker 3: We'll call Kelly Financial Services eight eight eight eight hundred

975
00:56:24,160 --> 00:56:25,359
Speaker 3: eighteen eighty one.

976
00:56:25,640 --> 00:56:30,320
Speaker 4: I'm Kelly Kelly from Kelly Financial. Whether you're in your sixties, seventies,

977
00:56:30,520 --> 00:56:33,960
Speaker 4: or eighties, financial advice is important when it comes to

978
00:56:34,120 --> 00:56:37,279
Speaker 4: preserving your nest egg. We have a free investor guide

979
00:56:37,360 --> 00:56:41,200
Speaker 4: called designing your Fiscal House to Weather the Elements, which

980
00:56:41,280 --> 00:56:44,719
Speaker 4: highlights the steps needed to build a balanced portfolio.

981
00:56:45,080 --> 00:56:46,040
Speaker 5: For the guide, call

982
00:56:46,239 --> 00:56:49,480
Speaker 4: Eight eight eight eight hundred eighteen eighty one or email

983
00:56:49,680 --> 00:56:52,000
Speaker 4: Kelly at Kellyfinancial dot org.