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Speaker 1: It 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 turned 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 two and five, our show has remained a Saturday

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Speaker 2: morning staple, offering insight and empowerment. Here at Kelly Financial,

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Speaker 2: we help steward over seven hundred million dollars across our

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Speaker 2: affiliated business, including more than five hundred million dollars managed

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Speaker 2: by our sec registered investment advisory, where fiduciary care and

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Speaker 2: our family first philosophy guides us on safe money strategies.

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Speaker 2: You'll hear candid conversations with the team, my mother Kelly, myself,

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

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

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

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

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

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

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

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Speaker 2: eight eight hundred one eight eight one.

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Speaker 3: This is Safe Money Strategies.

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

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Speaker 2: Kelly Junior.

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

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Speaker 4: hundred eighteen eighty one.

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

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

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

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

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

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

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

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

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Speaker 5: but it's always real.

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Speaker 6: Good morning, William.

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Speaker 3: How are you mom? I'm fine, How are you?

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Speaker 6: I'm doing great?

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Speaker 5: Good to hear Santa Claus is coming to town.

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Speaker 7: That's true.

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Speaker 2: Of asked Santa Claus for a barbelle theragun like and

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Speaker 2: half a cow half a cow?

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Speaker 7: Are we retracting the request for half a cow?

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Speaker 3: Or is that?

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Speaker 8: No?

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Speaker 6: Half a cow?

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Speaker 7: That's right, because I'll be going to college.

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Speaker 6: I'm not going to eat that much beef.

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Speaker 2: So Mary Madaline is coming over this weekend with her

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Speaker 2: very good friend from high school that we've known for eternity,

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Speaker 2: and she's a therapist.

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Speaker 7: She's a great woman.

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Speaker 6: Yeah, she's bringing her little dog, Ginger.

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Speaker 3: That's right. And Mary Madalin is going to bring Marshall.

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Speaker 3: That's right. Marshall has a lover. I forgot Marshall.

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Speaker 2: See he acts as interested, he acts like grossed out,

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Speaker 2: but you know he won't leave the vicinity.

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Speaker 7: No, you're interested. And Mary Madaline will be drink.

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Speaker 3: Bringing her little rast.

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Speaker 6: She doesn't really play with Ginger.

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Speaker 2: No, No, I think Ginger is too I think she's

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Speaker 2: too overbored about it, and so that pushes him away

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Speaker 2: a little bit.

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Speaker 3: With Marshall. You can't push, you.

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Speaker 2: Know what I mean, you gotta if you ever if

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Speaker 2: you want to pet him, he can't walk up to

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Speaker 2: him or till he'll hide behind a tree, you know

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Speaker 2: what I mean. True, he'll hide behind something. But if

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Speaker 2: you just like kind of lay on the floor and

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Speaker 2: pep around, he's like he'll kind of like zigzag and

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Speaker 2: then he'll walk towards it, and he's like, Okay, you can

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Speaker 2: pet me. That's fine, you have my permission. So Marshall's

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Speaker 2: a little tough cookie to figure out. Melly, on the

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Speaker 2: other hand, Mellie's very interesting. Melly is a submissive dog.

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Speaker 2: So a dog will you know, when she meets a

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Speaker 2: new dog, a dog will kind of like bite her,

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Speaker 2: or you know, not bite her, but snap at her

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Speaker 2: to show her his boss.

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Speaker 3: And Mellie's just like, okay, your boss.

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Speaker 7: She lays in her belly, sweetest dog ever.

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Speaker 2: But Mellie's intentional about this, so she becomes friends with them.

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Speaker 7: You know, She's like, you're the boss. Whatever, you're the boss,

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Speaker 7: you're my friend. I'm your friend.

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Speaker 2: And then once they become good buddies, once the hierarchy's established, Melly.

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Speaker 7: What she'll do is she likes to cause chaos.

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Speaker 2: And so what Melle does is she likes to play fight,

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Speaker 2: and so she'll play fight, play fight, playfight. She'll get

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Speaker 2: a snap and then play fight, play fight, play fight

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Speaker 2: until it becomes routine. And then whenever Melle comes and

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Speaker 2: all the dogs are together, including Marshall, she starts play

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Speaker 2: fighting and the.

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Speaker 7: Whole house turns of the chaos.

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Speaker 3: So it's gonna be a fun weekend and we're going

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Speaker 3: to be eating.

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Speaker 7: Al Fourno's.

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Speaker 6: One of my favorite places.

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Speaker 2: If you've not been to Italy and you want to

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Speaker 2: taste to Italy, Alflorno's is the place in Providence.

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Speaker 7: Yeah, Providence, that's true.

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Speaker 6: Absolutely.

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Speaker 5: Well, we have to share some news.

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Speaker 6: We have been.

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Speaker 5: Talking about my father coming and we were so excited,

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Speaker 5: had everything set up, and he was unable to come.

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Speaker 5: He's okay, but he will have a pacemaker put in soon.

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Speaker 7: It's true.

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Speaker 5: His heart rate was so great.

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Speaker 6: Yeah, his resting heart rate was thirty five.

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Speaker 7: So very calm.

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Speaker 5: But it's all good and this is happening very soon.

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Speaker 5: So if you can say a prayer for my father,

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Speaker 5: and I think I think it's going to help him

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Speaker 5: feel a lot better. I'm glad that that this was

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Speaker 5: identified before he traveled. Yeah, his doctor declined right before,

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Speaker 5: so so that was you know, that is life sometimes

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Speaker 5: it is it is well, that is.

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Speaker 7: True, like you said that, at least the doctor caught that.

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Speaker 6: I know.

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Speaker 5: I know, so it in my mind is just delaying

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Speaker 5: his trip a little bit.

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Speaker 6: And sometimes yes, yes.

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Speaker 9: I was looking forward to this visit so much, and

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Speaker 9: you know, it's just but when something like this happens,

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Speaker 9: you're dealing with reality, so you know. But it was

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Speaker 9: like that night, that's when I had my meltdown and

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Speaker 9: then I got it out and then I was okay,

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Speaker 9: but I knew, I knew it well, but you know,

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Speaker 9: I was just couldn't wait.

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Speaker 6: He was excited to know.

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Speaker 5: But you know what, they'll be here when he comes, right,

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Speaker 5: and I sent some gifts through Carters.

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Speaker 2: Might actually even be better or the spring, because that's that's.

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Speaker 6: What he's saying.

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Speaker 3: No way to be warmer.

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Speaker 5: Yeah you know it won't be too warm, but it

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Speaker 5: won't be the bedroom shoes good, you'll love those, oh

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Speaker 5: big times.

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Speaker 7: Those are very nice. Those are great shoes. Those are

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Speaker 7: great shoes.

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Speaker 6: Absolutely.

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Speaker 2: So besides that, we've been getting plenty of book orders lately.

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Speaker 5: Oh my goodness, they've been flying out the door.

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Speaker 7: I don't I don't even know, ladies and gentlemen.

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Speaker 2: If I didn't have my mom to help me upkeep

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Speaker 2: all this, I would just be in shambles.

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Speaker 7: Mom has helped organize everything.

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Speaker 2: I would say, she is uh prepared the packages for

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Speaker 2: me and she just gives me the list.

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Speaker 3: And you guys, whenever.

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Speaker 5: Well, you've been writing them to sons and daughters and

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Speaker 5: grand children.

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Speaker 2: And so if you have any personalization, like if you

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Speaker 2: would like it for an individual, be as specific. Oh yes,

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Speaker 2: the more specific you are about something, the better. If

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Speaker 2: you even want me to write a certain message, if

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Speaker 2: you say, write it only to my son, because what

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Speaker 2: I do is that if you if I receive like

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Speaker 2: this is from my son Jerry, for example, from Laura,

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Speaker 2: I'll say to Laura and to your son Jerry, God

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Speaker 2: bless Waynam Kelly. Yes, and so that's that's usually what

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Speaker 2: I write. But if you don't want me to put

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Speaker 2: your name, or if you want it a not like

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Speaker 2: you know, not personalized, or if you want some kind

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Speaker 2: of message on there.

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Speaker 10: Yeah, just let me know.

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Speaker 5: And when you call in or or contact us. You'll

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Speaker 5: most likely be speaking directly with Michelle or Carter or

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Speaker 5: Kayla and just let them know and we can handle

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Speaker 5: the details.

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Speaker 3: That's true.

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Speaker 6: Detail oriented, Yes, they are.

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Speaker 3: They're not we.

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Speaker 7: I'm not part of that.

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Speaker 3: You guys are in your own way exactly.

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Speaker 7: You guys are detail oriented in that respect. I don't

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Speaker 7: know where I'm detail oriented. Just I guess different.

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Speaker 6: That's okay.

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Speaker 3: God made us all different.

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Speaker 7: That's true. We were all the same, it wouldn't really

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Speaker 7: work that well.

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Speaker 6: No, be a boring life if everyone was the same.

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Speaker 7: That is true.

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Speaker 5: Well, Merry Christmas it'll be. It'll be December twenty seventh

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Speaker 5: when we come.

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Speaker 7: Back, wow for our show.

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Speaker 6: Yes, so I hope. I hope all of you have

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Speaker 6: a very merry Christmas.

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Speaker 9: Agreed, Yes, And we'll be back for a year before

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Speaker 9: the end of the year.

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Speaker 7: That's true. Wow, it's going to be twenty twenty six.

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Speaker 3: Just like that.

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Speaker 6: I know, blink our eyes and another year is going by.

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

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Speaker 5: of great content coming your way. Mike do Set and

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Speaker 5: Greg Workman will be breaking down what holiday spending and

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Speaker 5: seasonal market headlines really mean for retirees. And why short

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Speaker 5: term noise should never derail a long term retirement plan. Mary,

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Speaker 5: Madeline Kelly and Greg Murray will be talking about what

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Speaker 5: the millionaire next door really looks like in twenty twenty

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Speaker 5: five and how everyday habits, not flashy income, quietly build

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Speaker 5: long term wealth and financial confidence. William and I will

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Speaker 5: be back to discuss how to make smart Medicare coverage decisions,

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Speaker 5: plan for long term and build a healthcare bucket so

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Speaker 5: rising healthcare costs in twenty twenty six don't derail your

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Speaker 5: retirement income.

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Speaker 6: And of course we'll.

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Speaker 5: Close the hour with some wit and wisdom from the

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

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Speaker 5: That's a wrap for forever Young. Thank you for listening,

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

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Speaker 5: with more great content.

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Speaker 6: I love you, honey, We'll love you too well.

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Speaker 11: Christmas is right around the corner, and if you're looking

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Speaker 11: for the perfect gift for a young person in your life.

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Speaker 3: I've got it.

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Speaker 11: It's a brand new book written by William Kelly Junior

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Speaker 11: from Kelly Financial Services, and it's called Only the Good

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Speaker 11: invest Young. This book is powerful. It gives teenagers call

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Speaker 11: to students, young adults the roadmap they need to start saving,

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Speaker 11: planning and investing the right way. And I'll tell you,

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Speaker 11: even people my age, yes and I'm fifty six, are

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Speaker 11: reading it. William actually quotes me the Kooner Man in

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Speaker 11: the book. I'm in the book. So you can grab

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Speaker 11: your copy right now on Amazon. Just search only the

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Speaker 11: good invest Young, and if you're part of Kooner Country

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Speaker 11: you can get a copy absolutely free.

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Speaker 3: Just tell them the Kooner Man sent you and call.

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Speaker 11: Eight eight eight eight hundred eighteen eighty one or email

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Speaker 11: Kelly at Kellyfinancial dot org. Give a gift that truly

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Speaker 11: matters this Christmas, something that can change a young person's future.

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Speaker 11: Only the good invest Young get it today.

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Speaker 3: Welcome back to save money Strategies.

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Speaker 1: I'm like you, said, chief operating officer at Kelly Financial.

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Speaker 1: And as always, I'm joined by my colleague, the man

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Speaker 1: who somehow receives more Amazon deliveries this time of year

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Speaker 1: than Sanna's entire toy factory, mister Greg Workman.

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Speaker 12: Mike, I can explain those boxes are most likely my

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Speaker 12: wife's last minute holiday purchases. I'm just the guy who

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Speaker 12: gets to carry them inside.

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Speaker 1: This is the week where everyone's in full on holiday mode.

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Speaker 1: We've got Christmas right around the corner. The malls are packed,

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Speaker 1: Online spending is hitting new records, and a lot of

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Speaker 1: people are wondering what does all of this mean for

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Speaker 1: the economy and for the markets heading into twenty twenty six.

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Speaker 12: And on top of that, this is the week where

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Speaker 12: people start asking about the quote unquote the Santa Claus

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Speaker 12: stock market rally. You'll hear analysts on TV throwing that

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Speaker 12: phrase around like holiday CONFETI exactly.

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Speaker 1: So that's our focus today, how holiday spending and seasonal

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Speaker 1: market behavior really tie into retirement planning, and we're going

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Speaker 1: to do it in a way that cuts through myths,

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Speaker 1: gives you some perspective, and maybe helps you avoid the

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Speaker 1: financial equivalent of eating too many Christmas cookies. Let's start

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Speaker 1: with consumer spending. The holiday season is the super Bowl

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Speaker 1: for retailers, but it's also one of the most important

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Speaker 1: economic signals we look at each year.

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Speaker 12: Right roughly twenty five to thirty percent of annual retail

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Speaker 12: revenue happens between Thanksgiving and Christmas, and because consumers make

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Speaker 12: up about seventy percent of the US economy, these few

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Speaker 12: weeks can tell us a lot.

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Speaker 1: The big mistake retirees make is assuming the economy fails bad,

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Speaker 1: therefore spending must be bad.

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Speaker 3: But that's not usually the case.

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Speaker 8: No.

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Speaker 12: In fact, even in years when people are stressed about prices,

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Speaker 12: interest rates, or world events, holiday spending always tends to

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Speaker 12: hold up. People shop for their grandkids no matter what's

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Speaker 12: happening in Washington or on CNBC.

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Speaker 1: And that matters because strong spending often means companies start

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Speaker 1: the next year on better footing. Week spending can signal caution,

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Speaker 1: but is just one data point.

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Speaker 12: Is people try to extrapolate short term headlines into long

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Speaker 12: term portfolio decisions, and that usually ends badly.

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Speaker 3: Let's bring in a client story.

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Speaker 1: Earlier this month, we met with a couple we'll call

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Speaker 1: them Tom and Linda, both in their mid sixties, newly retired,

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Speaker 1: very responsible savers.

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Speaker 13: Great couple, but they came in feeling anxious.

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Speaker 12: Their exact words were, the news says the consumer is

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Speaker 12: tapped out? Does that mean we should get out of

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Speaker 12: the stock market entirely?

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Speaker 1: And this is very common People hear one negative headline

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Speaker 1: and think it's a forecast for all of next year.

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Speaker 12: So we walked them through the real numbers. We showed

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Speaker 12: them how consumers often say they feel negative, but their

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Speaker 12: spending behavior doesn't actually change that much. We also reminded

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Speaker 12: them that their retirement plan is not dependent upon whether

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Speaker 12: Target sells an extra five hundred PlayStations this week.

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Speaker 1: And the big takeaway for them and for our listeners

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Speaker 1: was this short term seasonal spending tells us something about

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Speaker 1: the economy, but it should never drive your long term

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Speaker 1: investment decisions.

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Speaker 13: Their entire mood changed.

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Speaker 12: They walked out of that meeting with a fresh perspective

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Speaker 12: and a plan instead of fear and anxiety.

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Speaker 1: All right, Greg, let's talk about the famous seasonal pattern,

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Speaker 1: the Santa claus rally, one of.

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Speaker 12: My favorite topics. So here's the real definition. It's not

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Speaker 12: the whole month of December. It's actually a seven trading

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Speaker 12: day window, the last five trading days of the year

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Speaker 12: and the first two of January.

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Speaker 1: And historically those days tend to be positive more often

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Speaker 1: than negative. As a reminder, historical performance does not guarantee

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Speaker 1: future results.

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Speaker 12: Correct, But the reason why is important. Markets are quieter,

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Speaker 12: big institutions have closed their books on the year. Retail

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Speaker 12: investors tend to be optimistic.

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Speaker 13: During the holidays.

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Speaker 12: There's lower trading volume, and some of it is simply

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Speaker 12: statistical noise.

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Speaker 1: In other words, it's a pattern, but it's not a

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Speaker 1: strategy exactly.

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Speaker 12: You don't build a retirement plan based on a seven

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Speaker 12: day market quirk.

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Speaker 1: The Santa Claus Rally is fun to talk about, it's festive,

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Speaker 1: but retirees who try to play it usually end up

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Speaker 1: chasing returns, increasing risk, or creating taxable events at the

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Speaker 1: worst possible time.

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Speaker 12: Your long term plan diversification, risk management, income strategy. That's

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Speaker 12: what matters, not whether December twenty eighth happens to be

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Speaker 12: a good trading day or not.

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Speaker 1: Now, Greg, let's pivot to something extremely important, the calendar.

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Speaker 12: Yes, listeners need to hear this loud and clear. As

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Speaker 12: of today's broadcast, you have only a handful of days

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Speaker 12: left before December thirty first.

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Speaker 1: In many year, and financial moves must be done before

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Speaker 1: midnight on the thirty first. Rmds, roth conversions, tax loss harvesting,

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Speaker 1: charitable giving and qualified charitable distributions.

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Speaker 12: And even though you legally have to wait until the

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Speaker 12: thirty first, financial institutions get overwhelmed this week, so if

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Speaker 12: you wait until the thirtieth, you may already be too late.

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Speaker 1: Don't want people waking up in January realizing they missed

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Speaker 1: something important or worse, facing penalties.

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Speaker 12: So if you have any questions about year end planning,

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Speaker 12: please call us, even if it's just hey, guys, can

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Speaker 12: you double check that I'm not forgetting something one.

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Speaker 1: Quick point before the break? The holidays are emotional. People

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Speaker 1: spend more, they worry more, and sometimes make reactive decisions.

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Speaker 12: And emotions are the enemy of good investing. Fear excitement,

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Speaker 12: holiday optimism, holiday stress, all of these can push people

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Speaker 12: into decisions that don't align with their long term goals.

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Speaker 1: So our message today is simple, enjoy the season, understand

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Speaker 1: the data, but stay committed to your plan.

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Speaker 12: And if you don't have a plan, now is the

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Speaker 12: perfect time to build one.

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Speaker 3: Stick around.

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Speaker 1: When we come back, we're going to take a deep

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Speaker 1: dive into what this year's holiday spending trends might mean

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Speaker 1: for the economy and the markets in twenty twenty six, and.

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Speaker 12: We'll talk about what retirees should and should take away

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Speaker 12: from all of this.

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Speaker 3: You are listening to Safe money strategies will be right back.

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

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Speaker 2: Hi, everyone, this is William Kelly. If you've ever wished

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Speaker 2: you'd learn about money sooner. That's why I wrote Only

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Speaker 2: the Good invest Young, a simple, encouraging guide with real

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Speaker 2: world steps anyone can follow.

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Speaker 3: I kept seeing the.

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Speaker 2: Same thing people wishing someone had explained the basics earlier.

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Speaker 2: How to save, build good habits, avoid costly mistakes, and

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Speaker 2: create momentum even.

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Speaker 3: When you're starting small, whether you're eighteen or eighty.

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Speaker 2: This book is about confidence, clarity, and taking action. And

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Speaker 2: with the holidays coming up, Only the Good invest Young

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Speaker 2: makes a great Christmas gift for a child, a grandchild,

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Speaker 2: or anyone who needs that nudge.

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Speaker 3: To start strong.

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Speaker 2: For our listeners, we're sending out complimentary copies. Just call

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Speaker 2: eight eight eight eight hundred twenty one or email Kelly

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Speaker 2: at Kellyfinancial dot org and we'll send you one at

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Speaker 2: no charge. You can also purchase a softcover on Amazon

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Speaker 2: or an e book on Kendall. I'm William Kelly, and

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Speaker 2: I hope this book helps someone you love to take

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Speaker 2: their first step.

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

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

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Speaker 5: act in your best interest? My complimentary book retire your

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

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

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Speaker 5: you first. For the book, call eight eight eight eight

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Speaker 5: hundred and eighteen eighty one or email Kelly at Kelly

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

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

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Speaker 4: Mary Madeline Kelly.

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Speaker 14: Hello, This is Greg Murray, Senior vice president and chief

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Speaker 14: Compliance Officer at Kelly Financial Services. Joined me today is

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Speaker 14: Mary Madeline Kelly, one of our wealth advisors. How are

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Speaker 14: you doing today?

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Speaker 4: Hi?

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Speaker 15: Greg, I'm doing great. We're officially in the home stretch of.

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Speaker 16: The year, and I think a lot of people are

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Speaker 16: starting to reflect on what they've accomplished by financially in

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Speaker 16: twenty twenty five and maybe thinking about what they want

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Speaker 16: twenty twenty six to look like.

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Speaker 15: It's that perfect reset.

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Speaker 14: Moment, absolutely, and that really ties into today's topic one.

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Speaker 14: I think a lot of listeners will love the Millionaire

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Speaker 14: next Door in twenty twenty five?

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Speaker 10: What does it really take?

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Speaker 16: Yes, that book made such an impact when it came out,

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Speaker 16: the idea that millionaires aren't flashy, they aren't driving supercars.

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Speaker 15: They aren't living on yachts.

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Speaker 16: They're everyday people quietly building wealth through habits and discipline,

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Speaker 16: and honestly, greg that hasn't changed, but the path to

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Speaker 16: get there looks a little different in twenty twenty five.

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Speaker 14: It does. The core principles are the same. Live below

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Speaker 14: your means, save consistently, invest wisely, but today's world comes

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Speaker 14: with rising costs, student loans, higher housing prices, and a

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Speaker 14: lot of financial noise. People want to know what does

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Speaker 14: becoming a modern day millionaire actually look like exactly?

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Speaker 16: And the first thing I always tell people is it's

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Speaker 16: less about income and more about behavior. You don't have

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Speaker 16: to make a fortune to grow a fortune. It's about

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Speaker 16: the gap between what you earn and what you keep.

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Speaker 7: That's right.

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Speaker 14: We see this with our clients all the time. Some

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Speaker 14: people earn incredibly high incomes but say very little. Meanwhile,

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Speaker 14: we have retirees who never made six figures but invested

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Speaker 14: consistently and now have million dollar portfolios.

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Speaker 16: And a big part of being a millionaire next door

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Speaker 16: today is simply starting early or starting now. Even if

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Speaker 16: you didn't save much in your twenties or thirties, the

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Speaker 16: next best time is today. A four oh one k

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Speaker 16: match regular contributions.

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Speaker 15: Rough i rays. Those are the tools that quietly build

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Speaker 15: wealth in the background.

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Speaker 14: Let's stock numbers for a moment. For many people, becoming

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Speaker 14: a millionaire doesn't require extreme investing. Even something like saving

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Speaker 14: a few hundred dollars a month consistently over several decades

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Speaker 14: and investing it in a diversified portfolio can potentially grow

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Speaker 14: to a significant amount over time. Of course, that depends

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Speaker 14: on market performance, and even a diversified portfolio can experience

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Speaker 14: losses in the down market. But the key point is

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Speaker 14: that steady saving in staying invested gives your money the

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Speaker 14: opportunity to grow.

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Speaker 16: And if you start earlier, the numbers get even easier.

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Speaker 16: But even people in their forty or fifties can still

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Speaker 16: get there with catchup contributions, higher savings rates, and intentional planning.

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Speaker 14: Another big shift today is where millionaires are building wealth.

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Speaker 14: Years ago was mostly through pensions, real estate equity, and

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Speaker 14: traditional savings. Now it's a combination of employer retirement plans,

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00:22:15,640 --> 00:22:19,320
Speaker 14: brokerage accounts, real estate appreciation, and in some cases, small

449
00:22:19,359 --> 00:22:20,440
Speaker 14: business ownership, and.

450
00:22:20,400 --> 00:22:22,199
Speaker 15: Something people don't always talk about.

451
00:22:22,320 --> 00:22:25,560
Speaker 16: Today's millionaires tend to be more intentional what they're spending.

452
00:22:25,720 --> 00:22:28,880
Speaker 16: They still enjoy life, but they choose value over flash.

453
00:22:28,960 --> 00:22:31,680
Speaker 16: They're not trying to impress anyone. They're trying to build

454
00:22:31,720 --> 00:22:32,680
Speaker 16: financial freedom.

455
00:22:32,880 --> 00:22:35,320
Speaker 14: That's a great point because the real benefit of becoming

456
00:22:35,359 --> 00:22:39,199
Speaker 14: a millionaire today isn't luxury. It's options, options to retire

457
00:22:39,200 --> 00:22:41,760
Speaker 14: when you want, options to help your kids or grandkids,

458
00:22:41,840 --> 00:22:43,960
Speaker 14: options to reduce stress and enjoy life.

459
00:22:44,080 --> 00:22:47,080
Speaker 16: Yes, wealth in twenty twenty five looks a little more

460
00:22:47,119 --> 00:22:51,280
Speaker 16: like security and flexibility rather than status, and most people

461
00:22:51,560 --> 00:22:54,560
Speaker 16: can achieve that by doing a handful of simple things

462
00:22:54,680 --> 00:22:55,280
Speaker 16: really well.

463
00:22:55,600 --> 00:22:57,280
Speaker 15: One spend less than you make.

464
00:22:57,800 --> 00:23:05,400
Speaker 16: Two automate savings, three invest consistently, four avoid high interest debt,

465
00:23:05,720 --> 00:23:10,320
Speaker 16: five protect your assets with insurance, and six have a plan.

466
00:23:10,560 --> 00:23:13,280
Speaker 14: And I'll add one more, stay invested. The people who

467
00:23:13,320 --> 00:23:16,760
Speaker 14: become millionaires aren't timing the market. They're time in the market.

468
00:23:16,840 --> 00:23:19,680
Speaker 14: They ride the ups and downs with discipline exactly.

469
00:23:19,280 --> 00:23:21,800
Speaker 16: And in our work with clients, the people who make

470
00:23:21,840 --> 00:23:24,240
Speaker 16: the biggest progress are often not the ones with the

471
00:23:24,320 --> 00:23:27,200
Speaker 16: highest incomes, but the one with the best habits.

472
00:23:27,280 --> 00:23:30,000
Speaker 14: So when people hear millionaire next door, they shouldn't picture

473
00:23:30,040 --> 00:23:34,359
Speaker 14: someone extraordinary. They should picture someone consistent someone intentional, someone

474
00:23:34,400 --> 00:23:34,920
Speaker 14: with a plan.

475
00:23:35,160 --> 00:23:37,880
Speaker 16: Yes, and that's really the message we want our listeners

476
00:23:37,880 --> 00:23:41,200
Speaker 16: to hear. Becoming a millionaire today isn't about luck or

477
00:23:41,240 --> 00:23:44,720
Speaker 16: having the perfect stock pick. It's about steady decisions made

478
00:23:44,760 --> 00:23:47,720
Speaker 16: over long periods of time, and anyone can start that

479
00:23:47,800 --> 00:23:49,080
Speaker 16: journey in twenty twenty five.

480
00:23:49,200 --> 00:23:50,120
Speaker 3: That's exactly right.

481
00:23:50,160 --> 00:23:52,320
Speaker 14: And if you're listening and wondering how close you are

482
00:23:52,359 --> 00:23:55,040
Speaker 14: to the milestone or how to start building towards it,

483
00:23:55,359 --> 00:23:56,359
Speaker 14: that's where we can help.

484
00:23:56,480 --> 00:23:59,320
Speaker 16: Absolutely, we can help you build a plan, look at

485
00:23:59,320 --> 00:24:02,040
Speaker 16: your savings and map out what it would.

486
00:24:01,840 --> 00:24:04,400
Speaker 15: Take for you. It's never too late to start, and.

487
00:24:04,400 --> 00:24:07,360
Speaker 16: The best time to begin is before twenty twenty six.

488
00:24:07,440 --> 00:24:10,000
Speaker 14: Rules in Well said, that wraps up the segment of

489
00:24:10,040 --> 00:24:12,520
Speaker 14: The Kelly Financial Show. If you'd like help mapping out

490
00:24:12,520 --> 00:24:14,880
Speaker 14: your long term financial goals, we'd love to talk with you.

491
00:24:15,000 --> 00:24:16,960
Speaker 14: Just keep in mind that all invest and carries some

492
00:24:17,119 --> 00:24:19,560
Speaker 14: level of risk and it's important to choose strategies that

493
00:24:19,560 --> 00:24:20,520
Speaker 14: fit your situation.

494
00:24:20,800 --> 00:24:21,520
Speaker 15: Great point.

495
00:24:21,520 --> 00:24:24,320
Speaker 16: Well, thank you for taking the time with me today, Greg,

496
00:24:24,520 --> 00:24:26,240
Speaker 16: and I hope you enjoy the rest.

497
00:24:26,119 --> 00:24:28,240
Speaker 15: Of your weekend. It'd stay warm you too.

498
00:24:28,520 --> 00:24:31,800
Speaker 4: To get in touch with Greg Murray or Mary, Madeline Kelly,

499
00:24:32,119 --> 00:24:35,440
Speaker 4: or any member of the Kelly Financial Team call aight

500
00:24:35,480 --> 00:24:42,720
Speaker 4: a eight eight hundred eighteen eighty one Save Money Strategies

501
00:24:43,040 --> 00:24:46,399
Speaker 4: with William Kelly and Kelly Kelly Call the team on

502
00:24:46,600 --> 00:24:49,720
Speaker 4: eight eight eight hundred, eighteen eighty one.

503
00:24:50,600 --> 00:24:56,160
Speaker 5: Gay, good care, good morning, and welcome back to Save

504
00:24:56,359 --> 00:25:00,680
Speaker 5: Money Strategies. I'm Kelly Kelly and I'm here with my son,

505
00:25:00,800 --> 00:25:04,560
Speaker 5: William Junior. As we head toward the end of the

506
00:25:04,720 --> 00:25:09,440
Speaker 5: year and start looking ahead to twenty twenty six, one

507
00:25:09,600 --> 00:25:14,600
Speaker 5: topic continues to come up in retirement planning conversations, and

508
00:25:14,640 --> 00:25:19,160
Speaker 5: that's health care cost not just monthly premiums, but the

509
00:25:19,160 --> 00:25:23,040
Speaker 5: total cost of care over time, how quickly those costs

510
00:25:23,040 --> 00:25:27,520
Speaker 5: are changing, and how that impacts retirement confidence.

511
00:25:27,920 --> 00:25:28,680
Speaker 7: That's right, mom.

512
00:25:28,880 --> 00:25:31,600
Speaker 2: Healthcare has become one of the most important pieces of

513
00:25:31,600 --> 00:25:35,560
Speaker 2: retirement planning because it affects income, lifestyle, and peace of

514
00:25:35,600 --> 00:25:37,320
Speaker 2: mind all at the same time.

515
00:25:37,680 --> 00:25:41,520
Speaker 5: And the reality is health care costs are rising faster

516
00:25:41,760 --> 00:25:47,959
Speaker 5: than most other expenses retirees face. That makes understanding the

517
00:25:48,040 --> 00:25:54,240
Speaker 5: trends now before they show up unexpectedly more important than ever.

518
00:25:54,880 --> 00:25:58,280
Speaker 5: One of the biggest challenges heading into twenty twenty six

519
00:25:58,480 --> 00:26:03,280
Speaker 5: is health care inflation. Medical care costs continue to rise

520
00:26:03,480 --> 00:26:09,560
Speaker 5: faster than overall inflation, and that directly impacts purchasing power

521
00:26:09,840 --> 00:26:14,800
Speaker 5: in retirement, even when inflation cools in other areas things

522
00:26:14,880 --> 00:26:20,760
Speaker 5: like gas goods or travel, healthcare has historically followed its

523
00:26:20,880 --> 00:26:26,080
Speaker 5: own path upward, and retirees feel that difference quickly. Because

524
00:26:26,200 --> 00:26:29,560
Speaker 5: healthcare is not optional and these.

525
00:26:29,359 --> 00:26:33,200
Speaker 2: Aren't one time expenses, medical costs tend to be ongoing,

526
00:26:33,320 --> 00:26:37,000
Speaker 2: and for many people, they increase gradually over time. That's

527
00:26:37,040 --> 00:26:40,440
Speaker 2: why healthcare planning needs to be approached differently than other

528
00:26:40,480 --> 00:26:41,600
Speaker 2: retirement expenses.

529
00:26:41,880 --> 00:26:42,400
Speaker 13: To put this.

530
00:26:42,440 --> 00:26:47,240
Speaker 5: Into perspective, Fidelity estimates that a sixty five year old

531
00:26:47,280 --> 00:26:51,960
Speaker 5: couple retiring today may need around three hundred and fifteen

532
00:26:52,080 --> 00:26:56,800
Speaker 5: thousand dollars over their lifetime just for health care expenses.

533
00:26:57,440 --> 00:27:02,160
Speaker 5: That number has increased over the years and is expected

534
00:27:02,200 --> 00:27:06,720
Speaker 5: to continue rising as we move further into twenty twenty six.

535
00:27:07,400 --> 00:27:11,639
Speaker 5: That estimate doesn't mean everyone will spend that amount exactly,

536
00:27:12,080 --> 00:27:16,640
Speaker 5: but it does give retirees a realistic framework for planning now.

537
00:27:16,680 --> 00:27:19,440
Speaker 2: When people hear a number like that, the first reaction

538
00:27:19,560 --> 00:27:22,639
Speaker 2: is often worry, but that's not the goal here exactly.

539
00:27:22,960 --> 00:27:28,240
Speaker 5: The goal isn't fear is clarity. When people understand what's

540
00:27:28,359 --> 00:27:32,840
Speaker 5: driving healthcare cost higher, they're in a much better position

541
00:27:32,920 --> 00:27:37,360
Speaker 5: to make thoughtful decisions. The good news is retirees today

542
00:27:37,440 --> 00:27:42,840
Speaker 5: have more options, more transparency, and more tools than ever before.

543
00:27:43,400 --> 00:27:47,520
Speaker 5: Planning has evolved, and that gives people more control than

544
00:27:47,560 --> 00:27:49,320
Speaker 5: they might realize, and.

545
00:27:49,240 --> 00:27:53,160
Speaker 2: That control often comes from understanding how small decisions.

546
00:27:52,720 --> 00:27:53,720
Speaker 7: Add up over time.

547
00:27:53,920 --> 00:27:58,080
Speaker 2: Healthcare planning isn't about predicting every medical event. It's about

548
00:27:58,080 --> 00:28:01,000
Speaker 2: being prepared for categories of expense that are most likely

549
00:28:01,040 --> 00:28:01,600
Speaker 2: to show up.

550
00:28:01,720 --> 00:28:07,119
Speaker 5: Another important part of this conversation is wellness. Preventative care,

551
00:28:07,520 --> 00:28:13,000
Speaker 5: regular movement, good nutrition, and healthy sleep. Habits don't just

552
00:28:13,080 --> 00:28:17,480
Speaker 5: support the quality of life, they can significantly reduce long

553
00:28:17,600 --> 00:28:22,800
Speaker 5: term health care costs. Staying active, keeping up with routine screenings,

554
00:28:23,040 --> 00:28:28,080
Speaker 5: and addressing small issues early often helps people avoid larger,

555
00:28:28,560 --> 00:28:30,480
Speaker 5: more expensive problems later.

556
00:28:30,880 --> 00:28:34,439
Speaker 2: We're also seeing more retirees explore alternative care models for

557
00:28:34,560 --> 00:28:38,720
Speaker 2: routine services, things like cash pay practices or membership based care.

558
00:28:39,040 --> 00:28:41,720
Speaker 2: In some cases, those options can be more cost effective

559
00:28:41,760 --> 00:28:44,160
Speaker 2: than traditional insurance for everyday needs.

560
00:28:44,160 --> 00:28:49,760
Speaker 5: And this is where awareness matters. Simply reviewing medications once

561
00:28:49,840 --> 00:28:54,600
Speaker 5: a year Understanding what's covered and paying attention to how

562
00:28:54,720 --> 00:28:59,240
Speaker 5: care is accessed can make a meaningful difference over time.

563
00:29:00,120 --> 00:29:04,840
Speaker 5: Care is another critical part of this discussion. Medicare costs

564
00:29:04,880 --> 00:29:10,360
Speaker 5: are changing, and those changes matter. Heading into twenty twenty six.

565
00:29:10,400 --> 00:29:14,680
Speaker 2: We've seen increases in Part B premiums, deductibles trending upward,

566
00:29:14,840 --> 00:29:18,080
Speaker 2: and shifts in prescription drug coverage. While recent changes have

567
00:29:18,120 --> 00:29:21,360
Speaker 2: helped in some areas like capping certain out of pocket costs,

568
00:29:21,880 --> 00:29:24,360
Speaker 2: other parts of Medicare are becoming more expensive.

569
00:29:24,720 --> 00:29:30,120
Speaker 5: Medicare remains one of the most powerful tools retirees have,

570
00:29:30,640 --> 00:29:35,440
Speaker 5: but it's not something to put on autopilot. Coverage changes,

571
00:29:35,720 --> 00:29:41,959
Speaker 5: premiums adjust, and personal needs evolve over time. Reviewing coverage

572
00:29:42,000 --> 00:29:47,040
Speaker 5: periodically can help avoid unnecessary cost and surprises.

573
00:29:47,480 --> 00:29:50,240
Speaker 2: Another challenge heading into twenty twenty six is that certain

574
00:29:50,240 --> 00:29:54,000
Speaker 2: healthcare categories are rising much faster than others. Home healthcare,

575
00:29:54,120 --> 00:29:59,240
Speaker 2: diagnostic imaging, and behavioral health services have all seen sharp increases.

576
00:30:00,200 --> 00:30:02,800
Speaker 2: Is people often don't think about until they need them,

577
00:30:03,160 --> 00:30:06,000
Speaker 2: and that's when cost can come as a surprise.

578
00:30:05,840 --> 00:30:10,080
Speaker 5: And often where care is received matters just as much

579
00:30:10,200 --> 00:30:16,600
Speaker 5: as the care itself. Choosing preferred facilities, asking about alternatives

580
00:30:17,000 --> 00:30:22,640
Speaker 5: and understanding pricing differences can result in meaningful savings without

581
00:30:22,760 --> 00:30:28,160
Speaker 5: sacrificing quality. Small choices like where an MRI is done

582
00:30:28,560 --> 00:30:32,280
Speaker 5: or which pharmacy is used, can add up over time.

583
00:30:32,840 --> 00:30:37,280
Speaker 5: One of the most important and often overlooked areas of

584
00:30:37,320 --> 00:30:42,000
Speaker 5: health care planning is long term care. Medicare does not

585
00:30:42,320 --> 00:30:46,840
Speaker 5: cover it and costs continue to rise. Most people won't

586
00:30:47,000 --> 00:30:50,680
Speaker 5: need full time nursing care, but many will need some

587
00:30:51,040 --> 00:30:55,120
Speaker 5: level of support at some point, such as help with

588
00:30:55,560 --> 00:31:01,400
Speaker 5: daily activities, mobility, or recovery after an ill illness. Planning

589
00:31:01,440 --> 00:31:07,720
Speaker 5: ahead creates options. It helps people stay independent longer, remain

590
00:31:07,960 --> 00:31:12,880
Speaker 5: in familiar surroundings, and make decisions on their own terms.

591
00:31:13,280 --> 00:31:16,280
Speaker 2: And having a plan in place often brings peace of mind,

592
00:31:16,720 --> 00:31:19,480
Speaker 2: not just for retirees but for their families as well.

593
00:31:19,560 --> 00:31:25,680
Speaker 5: When we come back, we'll talk about practical strategies, coverage decisions,

594
00:31:25,720 --> 00:31:30,520
Speaker 5: income planning, and how retirees can protect their retirement income

595
00:31:30,920 --> 00:31:33,080
Speaker 5: from rising health care costs.

596
00:31:33,480 --> 00:31:36,720
Speaker 2: We'll also cover some important conversations families should be having

597
00:31:36,760 --> 00:31:38,720
Speaker 2: now to avoid stress and confusion.

598
00:31:38,800 --> 00:31:39,160
Speaker 3: Later on.

599
00:31:39,400 --> 00:31:43,720
Speaker 5: You're listening to safe money Strategies, stay with us. We'll

600
00:31:43,760 --> 00:31:46,480
Speaker 5: be right back after the break.

601
00:31:48,560 --> 00:31:52,640
Speaker 4: Safe Money Strategies brought to you by Kelly Financial Services.

602
00:31:52,840 --> 00:31:56,640
Speaker 4: Called eight eight eight eight hundred eighteen eighty one or

603
00:31:56,720 --> 00:31:58,640
Speaker 4: visit Kellyfinancial dot org.

604
00:31:59,200 --> 00:32:03,200
Speaker 17: Ready to enjoy your golden years without worry. At Kelly Financial,

605
00:32:03,280 --> 00:32:06,640
Speaker 17: we know retirement planning can be overwhelming. With more than

606
00:32:06,680 --> 00:32:10,400
Speaker 17: twenty two years of experience, our friendly team of advisors

607
00:32:10,440 --> 00:32:13,640
Speaker 17: makes it easy and stress free. Trust us to help

608
00:32:13,680 --> 00:32:17,120
Speaker 17: you create a secure and enjoyable future. For a free

609
00:32:17,200 --> 00:32:21,479
Speaker 17: initial retirement consultation called eight eight eight eight hundred eighteen

610
00:32:21,560 --> 00:32:25,720
Speaker 17: eighty one or email Kelly at Kellyfinancial dot org. We're

611
00:32:25,840 --> 00:32:27,960
Speaker 17: Kelly Financial. Come retire with.

612
00:32:27,880 --> 00:32:32,800
Speaker 4: Us safe money strategies with William Kelly and Kelly Kelly.

613
00:32:33,040 --> 00:32:36,480
Speaker 4: Call the team on eight eight eight eight hundred eighteen

614
00:32:36,720 --> 00:32:37,320
Speaker 4: eighty one.

615
00:32:38,520 --> 00:32:44,440
Speaker 5: Care Thank you, Welcome back to Sake Money Strategies. I'm

616
00:32:44,560 --> 00:32:49,600
Speaker 5: Kelly Kelly here again with my son William Junior. Before

617
00:32:49,640 --> 00:32:54,120
Speaker 5: the break, we talked about why healthcare cost arising, where

618
00:32:54,200 --> 00:32:58,360
Speaker 5: retirees tend to fill the pressure most, and why planning

619
00:32:58,400 --> 00:33:01,600
Speaker 5: ahead makes such a difference rents. Now, we want to

620
00:33:01,640 --> 00:33:07,680
Speaker 5: focus on what retirees can actually do, the decisions, strategies

621
00:33:08,000 --> 00:33:12,960
Speaker 5: and conversations that help protect retirement income as health care

622
00:33:13,080 --> 00:33:14,840
Speaker 5: costs continue to rise.

623
00:33:15,080 --> 00:33:18,560
Speaker 2: That's right, mom. Healthcare planning isn't about medical care. It's

624
00:33:18,600 --> 00:33:24,280
Speaker 2: about protecting income, maintaining lifestyle, and avoiding unnecessary stress later on.

625
00:33:24,280 --> 00:33:28,760
Speaker 5: One thing that's becoming clear every year is that healthcare

626
00:33:29,280 --> 00:33:33,080
Speaker 5: is no longer a side expense in retirement. It's a

627
00:33:33,120 --> 00:33:37,440
Speaker 5: core part of the financial plan. New data shows healthcare

628
00:33:37,600 --> 00:33:42,440
Speaker 5: now consumes roughly twelve to fifteen percent of the average

629
00:33:42,480 --> 00:33:48,000
Speaker 5: retirees annual spending, and when unexpected medical expenses come up,

630
00:33:48,360 --> 00:33:52,480
Speaker 5: they're one of the main reasons retirees tap savings sooner

631
00:33:52,520 --> 00:33:53,240
Speaker 5: than planned.

632
00:33:53,480 --> 00:33:57,160
Speaker 2: That's why healthcare planning really becomes income planning. When people

633
00:33:57,240 --> 00:34:00,640
Speaker 2: know what to expect, even roughly, it becomes much easier

634
00:34:00,640 --> 00:34:04,840
Speaker 2: to budget, stay disciplined, and enjoy retirement without consistently worrying

635
00:34:04,920 --> 00:34:05,760
Speaker 2: about the next bill.

636
00:34:06,080 --> 00:34:11,080
Speaker 5: Even something as simple as setting aside a small, consistent

637
00:34:11,560 --> 00:34:17,360
Speaker 5: healthcare cushion can make a real difference. So when unexpected

638
00:34:17,400 --> 00:34:21,600
Speaker 5: expenses come up, you're not scrambling or worrying about the

639
00:34:21,680 --> 00:34:26,040
Speaker 5: next bill. You have a plan in place. Another major

640
00:34:26,120 --> 00:34:30,320
Speaker 5: piece of the puzzle is choosing the right Medicare coverage.

641
00:34:30,680 --> 00:34:36,799
Speaker 5: Medicare decisions aren't just healthcare decisions, their financial decisions.

642
00:34:37,239 --> 00:34:41,680
Speaker 2: Medicare advantage plans can offer attractive extras like dental vision

643
00:34:41,800 --> 00:34:45,400
Speaker 2: or hearing coverage, but it's important to understand how networks

644
00:34:45,480 --> 00:34:48,400
Speaker 2: work and how out of pocket limits can change.

645
00:34:48,560 --> 00:34:55,000
Speaker 5: Metagap plans, especially options like Plan G, continue to appeal

646
00:34:55,120 --> 00:35:00,560
Speaker 5: to retirees who value predictability. While premiums may be higher,

647
00:35:01,120 --> 00:35:04,920
Speaker 5: knowing what's covered can provide peace of mind.

648
00:35:05,000 --> 00:35:10,400
Speaker 2: And prescription drug plans shift every year, formularies change, premiums adjust,

649
00:35:10,760 --> 00:35:15,160
Speaker 2: and medications evolve. Reviewing part decoverage regularly can make a

650
00:35:15,239 --> 00:35:16,040
Speaker 2: real difference.

651
00:35:16,280 --> 00:35:20,480
Speaker 5: The good news is that Medicare coverage isn't one size

652
00:35:20,520 --> 00:35:26,799
Speaker 5: fits all. Plans can be customized based on lifestyle, travel, habits,

653
00:35:27,000 --> 00:35:29,640
Speaker 5: provider preferences, and budget.

654
00:35:29,920 --> 00:35:32,600
Speaker 2: A helpful way to approach coverage decisions is to think

655
00:35:32,640 --> 00:35:36,520
Speaker 2: about priorities. Do you travel often? Do you want flexibility

656
00:35:36,520 --> 00:35:39,560
Speaker 2: with doctors as keeping monthly costs low the main goal.

657
00:35:39,760 --> 00:35:44,960
Speaker 5: When coverage aligns with lifestyle, retirees tend to feel more

658
00:35:45,040 --> 00:35:49,799
Speaker 5: confident and more in control, and that confidence carries over

659
00:35:50,120 --> 00:35:54,359
Speaker 5: into other parts of the retirement plan. Another essential part

660
00:35:54,480 --> 00:35:59,560
Speaker 5: of protecting retirement income is planning for long term care,

661
00:36:00,239 --> 00:36:05,960
Speaker 5: one of the most unpredictable and disruptive expenses retirees may face.

662
00:36:06,360 --> 00:36:10,160
Speaker 5: Only a small percentage of Americans have any long term

663
00:36:10,200 --> 00:36:13,720
Speaker 5: care coverage at all, yet more than half of people

664
00:36:13,800 --> 00:36:18,279
Speaker 5: turning sixty five will need some form of extended care

665
00:36:18,320 --> 00:36:19,040
Speaker 5: at some point.

666
00:36:19,440 --> 00:36:21,240
Speaker 7: That care can take many forms.

667
00:36:21,440 --> 00:36:24,600
Speaker 2: It might mean aging in place with support, in home assistance,

668
00:36:24,680 --> 00:36:26,920
Speaker 2: assisted living, or something more intensive.

669
00:36:27,160 --> 00:36:31,040
Speaker 5: The key is understanding that long term care planning isn't

670
00:36:31,080 --> 00:36:36,719
Speaker 5: about assuming the worst, it's about creating options. There are

671
00:36:36,960 --> 00:36:44,879
Speaker 5: different strategies available, including traditional insurance, hybrid policies, writers, or

672
00:36:44,960 --> 00:36:46,720
Speaker 5: intentionally self funding.

673
00:36:47,000 --> 00:36:50,680
Speaker 2: Another piece that often gets overlooked is communication. Talking about

674
00:36:50,719 --> 00:36:54,759
Speaker 2: healthcare preferences early can prevent emotional and financial stress later.

675
00:36:54,960 --> 00:37:00,719
Speaker 5: Conversations about health care proxies, decision makers, and career references

676
00:37:00,800 --> 00:37:06,760
Speaker 5: aren't always easy, but they're incredibly valuable. Clarifying who would

677
00:37:06,760 --> 00:37:10,760
Speaker 5: make decisions, where care would be preferred, and what level

678
00:37:10,800 --> 00:37:17,480
Speaker 5: of support feels right helps families avoid confusion during stressful times, and.

679
00:37:17,480 --> 00:37:22,319
Speaker 2: These conversations can actually bring families closer. When expectations are clear,

680
00:37:22,440 --> 00:37:25,799
Speaker 2: loved ones feel more confident stepping in if they're ever.

681
00:37:25,600 --> 00:37:31,400
Speaker 5: Needed, protecting retirement income against rising health care costs often

682
00:37:31,520 --> 00:37:37,000
Speaker 5: means being intentional about how income is structured. Some retirees

683
00:37:37,080 --> 00:37:41,879
Speaker 5: find it helpful to mentally separate predictable health care expenses

684
00:37:42,400 --> 00:37:48,160
Speaker 5: like premiums, from unpredictable ones like emergencies or specialized care.

685
00:37:48,800 --> 00:37:51,839
Speaker 2: Building a dedicated health care bucket into the income plan

686
00:37:51,920 --> 00:37:55,160
Speaker 2: can help retire re state discipline and avoid pulling from

687
00:37:55,200 --> 00:37:58,040
Speaker 2: long term savings unnecessarily.

688
00:37:57,360 --> 00:38:01,480
Speaker 5: For those still eligible, health savings accounts remain one of

689
00:38:01,520 --> 00:38:06,960
Speaker 5: the most tax efficient tools available, and reviewing income strategies

690
00:38:07,040 --> 00:38:11,600
Speaker 5: regularly helps keep plans aligned as cost change.

691
00:38:11,760 --> 00:38:15,880
Speaker 2: Healthcare costs will change, that part is unavoidable, but scrambling

692
00:38:15,880 --> 00:38:19,920
Speaker 2: to adjust after the cost rise is what creates stress.

693
00:38:20,080 --> 00:38:24,719
Speaker 5: Planning ahead creates stability. It allows retirees to focus on

694
00:38:25,000 --> 00:38:29,600
Speaker 5: enjoying life instead of worrying about what might happen next.

695
00:38:30,280 --> 00:38:35,640
Speaker 5: That's why having a coordinated strategy, one that considers Medicare,

696
00:38:35,960 --> 00:38:41,200
Speaker 5: supplemental coverage, income planning, and long term care makes such

697
00:38:41,280 --> 00:38:46,120
Speaker 5: a difference. This is also where having the right educational

698
00:38:46,200 --> 00:38:51,920
Speaker 5: resources help. Our guide don't let healthcare expenses derail your

699
00:38:51,960 --> 00:38:57,280
Speaker 5: retirement walks you through common misconceptions long term care risk

700
00:38:57,680 --> 00:39:03,280
Speaker 5: and practical planning strategies in a clear, easy to understand way.

701
00:39:03,719 --> 00:39:07,480
Speaker 5: If you'd like a complimentary copy of that guide, you

702
00:39:07,520 --> 00:39:10,040
Speaker 5: can give us a call at eight eight eight eight

703
00:39:10,200 --> 00:39:15,040
Speaker 5: hundred eighteen eighty one or email us at Kelly at

704
00:39:15,120 --> 00:39:19,520
Speaker 5: Kellyfinancial dot org. We're happy to get that information out

705
00:39:19,560 --> 00:39:21,919
Speaker 5: to you so you can review it at your own

706
00:39:22,000 --> 00:39:25,920
Speaker 5: pace and feel confident about the decisions ahead.

707
00:39:26,480 --> 00:39:29,040
Speaker 2: And that guide is really designed to help people ask

708
00:39:29,120 --> 00:39:32,920
Speaker 2: better questions and make stronger decisions, not just today, but

709
00:39:33,000 --> 00:39:33,600
Speaker 2: over time.

710
00:39:33,800 --> 00:39:37,719
Speaker 5: Healthcare planning does not have to feel overwhelming. With the

711
00:39:37,800 --> 00:39:42,880
Speaker 5: right information and a thoughtful plan, retirees can protect their income,

712
00:39:43,200 --> 00:39:47,319
Speaker 5: maintain flexibility, and enjoy retirement with confidence.

713
00:39:47,680 --> 00:39:50,279
Speaker 2: A strong retirement plan is one that is designed to

714
00:39:50,320 --> 00:39:53,360
Speaker 2: protect you, and that includes planning for healthcare.

715
00:39:53,560 --> 00:39:57,280
Speaker 5: Thank you for joining us today on Safe Money Strategies.

716
00:39:57,600 --> 00:40:00,720
Speaker 5: We appreciate you spending part of your weekend with us,

717
00:40:00,880 --> 00:40:04,759
Speaker 5: and we look forward to continuing the conversation next week.

718
00:40:07,200 --> 00:40:11,319
Speaker 4: Safe Money Strategies brought to you by Kelly Financial Services.

719
00:40:11,480 --> 00:40:15,239
Speaker 4: Call eight eight eight eight hundred eighteen eighty one or

720
00:40:15,320 --> 00:40:17,280
Speaker 4: visit Kelly Financial dot org.

721
00:40:18,400 --> 00:40:19,800
Speaker 3: Welcome back to Safe Money Strategy.

722
00:40:19,880 --> 00:40:22,840
Speaker 1: I'm Mike du said, here with Greg Workman and before

723
00:40:22,840 --> 00:40:25,800
Speaker 1: the break, we set the stage talking about holiday spending,

724
00:40:26,000 --> 00:40:29,760
Speaker 1: market behavior, and some of those classic seasonal patterns.

725
00:40:29,800 --> 00:40:32,160
Speaker 12: And at this half of the show, we're going deeper

726
00:40:32,520 --> 00:40:35,720
Speaker 12: because every year around this time we get the same question,

727
00:40:36,040 --> 00:40:39,839
Speaker 12: does holiday spending tell us anything meaningful about the upcoming year?

728
00:40:39,960 --> 00:40:43,440
Speaker 3: The short answer is yes, but with context exactly.

729
00:40:43,480 --> 00:40:46,200
Speaker 12: It's a signal, not a prediction, and it's a small

730
00:40:46,280 --> 00:40:49,000
Speaker 12: part of a much bigger economic picture.

731
00:40:49,160 --> 00:40:51,200
Speaker 3: Let's start with a basic but important point.

732
00:40:51,320 --> 00:40:53,840
Speaker 1: When we look at holiday spending, we're not just asking

733
00:40:54,200 --> 00:40:55,839
Speaker 1: did people buy more gifts this year?

734
00:40:56,000 --> 00:40:58,640
Speaker 12: We look at the why are they spending more because

735
00:40:58,680 --> 00:41:03,000
Speaker 12: wages are up, because inflation has cooled, because consumer confidence

736
00:41:03,040 --> 00:41:06,840
Speaker 12: is improving, Or are they spending more using more credit

737
00:41:07,040 --> 00:41:09,040
Speaker 12: because costs have increased.

738
00:41:09,239 --> 00:41:13,160
Speaker 1: Those underlying factors matter more than the headline number that's right.

739
00:41:13,400 --> 00:41:16,799
Speaker 12: For example, if holiday spending comes in strong, it could

740
00:41:16,840 --> 00:41:20,240
Speaker 12: mean companies enter the new year with healthy cash flows

741
00:41:20,480 --> 00:41:23,200
Speaker 12: that can support earnings, which is good news for the

742
00:41:23,200 --> 00:41:23,920
Speaker 12: stock market.

743
00:41:24,000 --> 00:41:27,080
Speaker 1: But if spending is strong only because people are relying

744
00:41:27,080 --> 00:41:28,960
Speaker 1: heavily on credit, that's a different story.

745
00:41:29,120 --> 00:41:31,840
Speaker 12: And that's why we never look at these numbers. In isolation,

746
00:41:32,320 --> 00:41:35,960
Speaker 12: they're a piece of the puzzle, one indicator among many.

747
00:41:36,120 --> 00:41:39,080
Speaker 1: Now let's tie this into twenty twenty six, because this

748
00:41:39,120 --> 00:41:42,440
Speaker 1: is where retirees get confused. They hear something like holiday

749
00:41:42,520 --> 00:41:45,160
Speaker 1: sales are up four percent this year and assume the

750
00:41:45,200 --> 00:41:47,000
Speaker 1: markets should automatically soar.

751
00:41:46,920 --> 00:41:47,839
Speaker 13: Or the opposite.

752
00:41:48,000 --> 00:41:51,200
Speaker 12: If sales are weak, they assume a recession is coming.

753
00:41:51,280 --> 00:41:54,080
Speaker 1: But the markets don't operate on a single data point.

754
00:41:54,160 --> 00:41:58,600
Speaker 12: Here's what matters more, what companies forecast for the following year.

755
00:41:59,000 --> 00:42:03,040
Speaker 12: Trends in waight growth, trends in inflation and interest rates,

756
00:42:03,360 --> 00:42:08,880
Speaker 12: household savings rates, credit usage, supply chain and inventory levels.

757
00:42:08,920 --> 00:42:12,440
Speaker 1: Holiday spending is like checking the scoreboard at halftime. It

758
00:42:12,480 --> 00:42:14,760
Speaker 1: tells you something, but the second half.

759
00:42:14,560 --> 00:42:17,200
Speaker 12: Still has to be played, and one week or strong

760
00:42:17,280 --> 00:42:21,040
Speaker 12: holiday season does not determine an entire market year.

761
00:42:21,160 --> 00:42:23,759
Speaker 1: This is where behavior comes in again, because around this

762
00:42:23,800 --> 00:42:26,840
Speaker 1: time of the year, people are extra influenced by emotion.

763
00:42:27,200 --> 00:42:30,720
Speaker 1: Some feel optimistic because it's the holidays, Others feel stressed

764
00:42:30,719 --> 00:42:33,319
Speaker 1: because of spending, and both groups tend to project those

765
00:42:33,320 --> 00:42:34,560
Speaker 1: failings onto the markets.

766
00:42:34,719 --> 00:42:37,880
Speaker 12: We call that emotional forecasting, and it's dangerous.

767
00:42:38,040 --> 00:42:40,919
Speaker 1: The prepared retirey the one with a rail income plan,

768
00:42:41,280 --> 00:42:45,000
Speaker 1: risk strategy, and diversified portfolio doesn't need to react to

769
00:42:45,040 --> 00:42:47,000
Speaker 1: spending trends or seasonal patterns.

770
00:42:47,160 --> 00:42:50,279
Speaker 12: They know their plan already accounts for both strong and

771
00:42:50,600 --> 00:42:52,040
Speaker 12: weak economic years.

772
00:42:52,200 --> 00:42:54,200
Speaker 3: That brings us to a great story from last week.

773
00:42:54,200 --> 00:42:57,600
Speaker 1: A new client we'll call her Carol appropriately for the season,

774
00:42:57,920 --> 00:42:59,440
Speaker 1: came in failing overwhelmed.

775
00:42:59,520 --> 00:43:02,239
Speaker 12: She told us, I spend more than I meant to

776
00:43:02,360 --> 00:43:05,480
Speaker 12: this year. I'm worried that everyone else is doing the

777
00:43:05,520 --> 00:43:08,239
Speaker 12: same thing and it's going to hurt the economy.

778
00:43:08,280 --> 00:43:10,560
Speaker 1: And I love this example because it shows how personal

779
00:43:10,600 --> 00:43:14,120
Speaker 1: spending habits can distort our perception of national trends.

780
00:43:14,280 --> 00:43:17,240
Speaker 12: We walked her through a few key points. One person's

781
00:43:17,280 --> 00:43:22,560
Speaker 12: experience doesn't reflect three hundred and thirty million others, The

782
00:43:22,640 --> 00:43:28,080
Speaker 12: economy is extremely diversified, a single season doesn't define a

783
00:43:28,120 --> 00:43:32,560
Speaker 12: full market trend, and her retirement plan isn't based on

784
00:43:32,680 --> 00:43:34,560
Speaker 12: one month of consumer activity.

785
00:43:34,680 --> 00:43:37,200
Speaker 1: What helped her most was understanding that her retirement plan

786
00:43:37,320 --> 00:43:40,560
Speaker 1: was built to withstand both good cycles and slow cycles.

787
00:43:40,640 --> 00:43:44,280
Speaker 12: She left with clarity instead of guilt, which is exactly

788
00:43:44,320 --> 00:43:45,640
Speaker 12: what good planning does.

789
00:43:45,920 --> 00:43:48,120
Speaker 13: It reduces the emotional noise.

790
00:43:48,320 --> 00:43:50,960
Speaker 1: Listeners always want us to answer the million dollar question,

791
00:43:51,239 --> 00:43:53,480
Speaker 1: what does all this mean for next year's market?

792
00:43:53,520 --> 00:43:54,760
Speaker 13: And here's the honest answer.

793
00:43:54,960 --> 00:44:00,120
Speaker 12: Holiday spending helps shape expectations, but it doesn't predict outcome.

794
00:44:00,400 --> 00:44:04,320
Speaker 1: Strong spending might point to continued corporate earning strength, better

795
00:44:04,320 --> 00:44:08,320
Speaker 1: consumer confidence, and a smoother economic transition into the first quarter.

796
00:44:08,440 --> 00:44:12,760
Speaker 12: Week spending may suggest a more cautious consumer potential, slowing

797
00:44:12,800 --> 00:44:17,040
Speaker 12: in certain sectors, more pressure on more discretionary companies.

798
00:44:17,080 --> 00:44:19,000
Speaker 3: But again, it's one piece of the puzzle.

799
00:44:19,120 --> 00:44:22,560
Speaker 12: The real outlook depends on dozens of factors, not just

800
00:44:22,640 --> 00:44:25,279
Speaker 12: what happened at Target in December.

801
00:44:25,440 --> 00:44:28,200
Speaker 1: So if you're a retiree listening right now, here's what

802
00:44:28,239 --> 00:44:31,200
Speaker 1: you should take away. One, don't build your investment decisions

803
00:44:31,239 --> 00:44:35,239
Speaker 1: around holiday spending reports. Second, don't expect or depend on

804
00:44:35,280 --> 00:44:38,400
Speaker 1: a Santa Claus rally. Third, do pay close attention to

805
00:44:38,440 --> 00:44:42,879
Speaker 1: your personal plan, not seasonal noise. Fourth, do control what

806
00:44:42,960 --> 00:44:45,000
Speaker 1: you can control before your end.

807
00:44:45,440 --> 00:44:47,800
Speaker 3: And fifth, check your rmds.

808
00:44:47,600 --> 00:44:51,359
Speaker 1: ROTH opportunities and tax items immediately you have very little

809
00:44:51,440 --> 00:44:51,960
Speaker 1: time left.

810
00:44:52,040 --> 00:44:54,480
Speaker 12: The last one is a big one, especially this week.

811
00:44:54,800 --> 00:44:58,480
Speaker 12: You can't change the economy, but you can make sure

812
00:44:58,520 --> 00:45:01,960
Speaker 12: you're not leaving money on the tape or triggering penalties.

813
00:45:02,160 --> 00:45:04,080
Speaker 1: And if you're not sure whether your plan can weather

814
00:45:04,160 --> 00:45:07,120
Speaker 1: both good in challenging markets, or if you're not sure

815
00:45:07,160 --> 00:45:09,719
Speaker 1: you're ready for twenty twenty six, now is the time

816
00:45:09,760 --> 00:45:10,480
Speaker 1: to get clarity.

817
00:45:10,560 --> 00:45:14,920
Speaker 12: We've put together a resource called the Safe Money Strategies Workbook.

818
00:45:15,160 --> 00:45:20,440
Speaker 12: It's designed specifically for retirees and pre retirees who want

819
00:45:20,520 --> 00:45:25,760
Speaker 12: a clear retirement income plan, a tax efficient strategy, protection

820
00:45:26,040 --> 00:45:30,440
Speaker 12: against stock market volatility, and a step by step outline

821
00:45:30,560 --> 00:45:30,960
Speaker 12: of what.

822
00:45:31,040 --> 00:45:34,040
Speaker 3: To review each and every year. And this week, with

823
00:45:34,120 --> 00:45:35,200
Speaker 3: the year closing.

824
00:45:34,880 --> 00:45:37,400
Speaker 1: It's more important than ever to understand those pieces.

825
00:45:37,560 --> 00:45:41,319
Speaker 12: So call our office, schedule your visit, and let's go

826
00:45:41,440 --> 00:45:42,360
Speaker 12: through your plan.

827
00:45:42,719 --> 00:45:45,280
Speaker 13: No cost, no obligation, just clarity.

828
00:45:45,400 --> 00:45:47,840
Speaker 3: You've worked decades to save your money. Make sure you

829
00:45:47,880 --> 00:45:48,600
Speaker 3: stick to a plan.

830
00:45:48,960 --> 00:45:52,480
Speaker 1: Don't let yourself get tossed around by headlines or holiday emotions.

831
00:45:52,680 --> 00:45:55,239
Speaker 12: From our team to your family, we wish you a

832
00:45:55,480 --> 00:45:59,880
Speaker 12: very merry Christmas, a wonderful holiday season, and a financially

833
00:46:00,120 --> 00:46:02,440
Speaker 12: confidence start to twenty twenty six.

834
00:46:02,719 --> 00:46:04,960
Speaker 1: You've been listening to Save Money Strategies, we'll see you

835
00:46:04,960 --> 00:46:05,480
Speaker 1: next week.

836
00:46:09,800 --> 00:46:14,120
Speaker 11: Joining us now, as she always does at this time,

837
00:46:14,600 --> 00:46:19,320
Speaker 11: she is the co founder, CEO and President of Kelly

838
00:46:19,440 --> 00:46:25,280
Speaker 11: Financial Services. And yes, that is her wonderful name, Kelly,

839
00:46:25,640 --> 00:46:29,839
Speaker 11: Kelly Kelly, how are you.

840
00:46:30,520 --> 00:46:31,920
Speaker 5: Good morning, Jeff.

841
00:46:32,200 --> 00:46:33,320
Speaker 10: I am good.

842
00:46:33,800 --> 00:46:37,480
Speaker 5: As we get closer to Christmas, I've been reminded that

843
00:46:37,680 --> 00:46:43,120
Speaker 5: the most meaningful moments aren't about big spending. They're about family,

844
00:46:43,400 --> 00:46:48,799
Speaker 5: traditions and gratitude. For many retirees, the rising cost of

845
00:46:48,920 --> 00:46:55,040
Speaker 5: living has been an ongoing reality. Groceries, travel, celebrating with family.

846
00:46:55,320 --> 00:46:59,439
Speaker 5: It all takes more planning and intention these days. That's

847
00:46:59,440 --> 00:47:03,200
Speaker 5: why being smart with your money matters so much in retirement.

848
00:47:03,440 --> 00:47:07,960
Speaker 5: At Kelly Financial, we want you to feel confident and prepared.

849
00:47:08,280 --> 00:47:12,640
Speaker 5: We have a helpful resource for you, our Guide Inflation

850
00:47:13,040 --> 00:47:18,920
Speaker 5: and your Retirement. It explains how inflation affects retiree specifically

851
00:47:19,239 --> 00:47:23,520
Speaker 5: and offers practical steps to help protect your purchasing power

852
00:47:23,719 --> 00:47:27,839
Speaker 5: over time. So enjoy the season you love knowing you

853
00:47:27,920 --> 00:47:32,080
Speaker 5: have a plan design to support your lifestyle. To request

854
00:47:32,239 --> 00:47:36,480
Speaker 5: your complimentary copy, give us a call or email Jeff,

855
00:47:36,520 --> 00:47:39,960
Speaker 5: have a wonderful weekend, My best grace, send the kiddos.

856
00:47:40,320 --> 00:47:43,120
Speaker 11: Thank you, Kelly, all the best to you and everyone

857
00:47:43,160 --> 00:47:46,800
Speaker 11: at Kelly Financial. To get a free copy of that guide,

858
00:47:46,800 --> 00:47:48,480
Speaker 11: and I urge all of you if you can do

859
00:47:48,600 --> 00:47:53,440
Speaker 11: get it call now eight eighty eight hundred, eighteen eighty

860
00:47:53,480 --> 00:47:57,560
Speaker 11: one eight eighty eight eight hundred eighteen eighty one, or

861
00:47:57,920 --> 00:48:02,480
Speaker 11: you can actually email Kelly yourself personally Kelly at Kelly

862
00:48:02,640 --> 00:48:08,120
Speaker 11: Financial dot org. That's Kelly Kelly Financial dot org.

863
00:48:12,040 --> 00:48:20,160
Speaker 4: Safe Money Strategies A eight eight hundred one eight eight one.

864
00:48:21,040 --> 00:48:23,640
Speaker 5: Every once in a while, we like to slow things

865
00:48:23,719 --> 00:48:28,560
Speaker 5: down and share something truly special from our archives, moments

866
00:48:28,600 --> 00:48:32,000
Speaker 5: that remind us what this season is really about. This

867
00:48:32,239 --> 00:48:35,600
Speaker 5: next segment is a conversation between Bill.

868
00:48:35,400 --> 00:48:37,480
Speaker 6: Kelly and our son.

869
00:48:37,560 --> 00:48:44,760
Speaker 5: William Junior, recorded many years ago that blend's family, faith, imagination,

870
00:48:45,280 --> 00:48:48,839
Speaker 5: and the simple wisdom of a child. It's a reminder

871
00:48:48,880 --> 00:48:53,320
Speaker 5: that the most meaningful lessons often come from the youngest voices.

872
00:48:53,640 --> 00:48:54,840
Speaker 5: Here's Bill Kelly.

873
00:48:55,440 --> 00:48:57,440
Speaker 18: Welcome back, ladies and gentlemen. We are with one of

874
00:48:57,520 --> 00:48:59,640
Speaker 18: my favorite guests, William Kelly Junior.

875
00:48:59,640 --> 00:49:00,720
Speaker 10: How are you today? William?

876
00:49:00,840 --> 00:49:01,560
Speaker 8: I am great.

877
00:49:01,640 --> 00:49:02,160
Speaker 3: How are you?

878
00:49:02,480 --> 00:49:06,279
Speaker 8: I'm having a magnificent day. I'm very happy and I'm

879
00:49:06,400 --> 00:49:09,160
Speaker 8: really very happy to be back on the radio show again.

880
00:49:09,480 --> 00:49:11,520
Speaker 18: Oh great, Well, we have a lot of issues of

881
00:49:11,600 --> 00:49:14,480
Speaker 18: the day. We want to ask William about particularly in

882
00:49:14,520 --> 00:49:17,879
Speaker 18: our family, we've been discussing a fable about the King

883
00:49:17,920 --> 00:49:21,479
Speaker 18: of Persia many many years ago, hundreds of years ago,

884
00:49:21,560 --> 00:49:25,360
Speaker 18: he canceled all toys for Christmas and he said there'd

885
00:49:25,400 --> 00:49:28,239
Speaker 18: be nok toys in the country of Persia unless someone

886
00:49:28,320 --> 00:49:31,640
Speaker 18: could come forward with three good reasons for toys. So

887
00:49:31,719 --> 00:49:34,000
Speaker 18: we've been discussing this and William, do you have any

888
00:49:34,040 --> 00:49:36,800
Speaker 18: ideas that you would have told the King of Persia

889
00:49:36,880 --> 00:49:39,120
Speaker 18: in order to save toys the three reasons?

890
00:49:39,440 --> 00:49:39,920
Speaker 3: Yes, I do.

891
00:49:40,040 --> 00:49:43,040
Speaker 8: In fact, I mean we've been discussing this every night,

892
00:49:43,160 --> 00:49:46,719
Speaker 8: and we've been talking about it, saying what would you do? So,

893
00:49:46,920 --> 00:49:49,960
Speaker 8: I mean every time I wouldn't come up with something,

894
00:49:50,040 --> 00:49:51,879
Speaker 8: Dad would say, oh, no toys.

895
00:49:51,560 --> 00:49:53,360
Speaker 3: For Persia this Christmas.

896
00:49:53,400 --> 00:49:57,720
Speaker 8: So I would say one, I think toys would actually

897
00:49:58,000 --> 00:50:01,680
Speaker 8: open the imagination of so they can create more things

898
00:50:01,719 --> 00:50:02,360
Speaker 8: in the future.

899
00:50:02,920 --> 00:50:05,000
Speaker 3: Two kids need fun in life.

900
00:50:05,120 --> 00:50:07,800
Speaker 8: They need to have a good childhood more than studying,

901
00:50:08,040 --> 00:50:11,480
Speaker 8: having no fun, doing nothing, and it's going to be

902
00:50:11,480 --> 00:50:16,560
Speaker 8: a pretty boring world for the kids of Persia. And finally,

903
00:50:16,840 --> 00:50:21,080
Speaker 8: I would say toys is We've been making it for

904
00:50:21,120 --> 00:50:24,839
Speaker 8: a very long time and kids have always loved them.

905
00:50:25,120 --> 00:50:26,520
Speaker 3: Have you ever heard of Pokemon Go.

906
00:50:26,560 --> 00:50:29,879
Speaker 8: I'm sure everybody's heard of Pokemon Go. Let's say you

907
00:50:30,239 --> 00:50:34,920
Speaker 8: have a toy and your friend has another toy, and

908
00:50:35,040 --> 00:50:37,960
Speaker 8: you can play together, meet people more and more and

909
00:50:38,000 --> 00:50:40,640
Speaker 8: more and more. It's sort of like Pokemon Go. I

910
00:50:40,800 --> 00:50:44,920
Speaker 8: met probably at least ten people so by Pokemon Go

911
00:50:45,040 --> 00:50:48,279
Speaker 8: Journey one time. Just in one day, we met like

912
00:50:48,560 --> 00:50:50,960
Speaker 8: ten people. It's amazing.

913
00:50:51,280 --> 00:50:53,800
Speaker 18: I think those three reasons would probably get the toys

914
00:50:53,800 --> 00:50:54,960
Speaker 18: back for the kids of Persia.

915
00:50:55,480 --> 00:50:58,239
Speaker 8: It probably would, I think. I mean it's up to

916
00:50:58,280 --> 00:51:02,000
Speaker 8: the king. You know, he's the boss, true, so I mean,

917
00:51:02,080 --> 00:51:05,880
Speaker 8: if he likes him, it's his decision. But that's just

918
00:51:05,920 --> 00:51:08,800
Speaker 8: why I think there should be toys in Persia. I remember,

919
00:51:08,800 --> 00:51:10,840
Speaker 8: this is just a fab it will be well.

920
00:51:10,680 --> 00:51:12,759
Speaker 18: It's a pretty strong fable. We want to make sure

921
00:51:13,920 --> 00:51:16,960
Speaker 18: well great. We're here with William Kelly, age ten. Now

922
00:51:17,200 --> 00:51:19,520
Speaker 18: we know you like to work with technology a lot.

923
00:51:19,640 --> 00:51:22,640
Speaker 18: Is there anything that the audience should be aware of

924
00:51:22,880 --> 00:51:25,960
Speaker 18: or be aware of concerning technology this Christmas?

925
00:51:26,000 --> 00:51:30,560
Speaker 8: William, No, everybody's sort of a new Windows ten, Windows

926
00:51:30,600 --> 00:51:33,640
Speaker 8: eight point one and Windows ten and Windows seven. I

927
00:51:33,680 --> 00:51:37,600
Speaker 8: don't know if everybody remembers, but who remembers Windows ninety five,

928
00:51:38,800 --> 00:51:43,719
Speaker 8: Windows three point one. Everybody remembers those realigal versions. Sometimes

929
00:51:43,760 --> 00:51:47,000
Speaker 8: I just look at reviews on the internet and then

930
00:51:47,120 --> 00:51:49,200
Speaker 8: compare it with Windows ten.

931
00:51:49,520 --> 00:51:50,280
Speaker 3: I'm amazed.

932
00:51:50,920 --> 00:51:53,040
Speaker 8: The only thing that you never want to do is

933
00:51:53,640 --> 00:51:57,239
Speaker 8: I found out just today, is that once you downgrade

934
00:51:57,320 --> 00:52:01,799
Speaker 8: to Windows ninety eight, as you are, so, the maximum

935
00:52:01,840 --> 00:52:04,840
Speaker 8: that I heard is that you downgrade to Windows two thousand.

936
00:52:05,280 --> 00:52:08,600
Speaker 8: It's whenever the beginning of modern Windows updates.

937
00:52:08,640 --> 00:52:09,680
Speaker 3: Sorry to come out.

938
00:52:09,719 --> 00:52:12,280
Speaker 8: But I'm really into all this computer stuff.

939
00:52:12,400 --> 00:52:14,560
Speaker 18: Very good, ladies and gentlemen. With William Kelly, we're going

940
00:52:14,560 --> 00:52:16,600
Speaker 18: to do a little technology now. William, when you were

941
00:52:16,640 --> 00:52:20,360
Speaker 18: a kid, you basically had a Thomas to train for Christmas,

942
00:52:20,400 --> 00:52:23,680
Speaker 18: you had the Teletubbies. You didn't have all this technology.

943
00:52:23,719 --> 00:52:26,920
Speaker 18: Do you think this technology is bad for kids right now?

944
00:52:27,000 --> 00:52:29,279
Speaker 18: Or do you think it's a good thing for kids now?

945
00:52:29,400 --> 00:52:34,319
Speaker 8: Otherwise, screen staring at a screen for forever. Apple On

946
00:52:34,560 --> 00:52:37,560
Speaker 8: the new updates, there's this new thing that if you

947
00:52:37,680 --> 00:52:40,560
Speaker 8: scroll up, there's a button down there with flashy light

948
00:52:40,600 --> 00:52:43,160
Speaker 8: bulb or something like that. I believe it has like

949
00:52:43,239 --> 00:52:45,720
Speaker 8: cut in half of the dark shine and a bright side.

950
00:52:46,120 --> 00:52:48,560
Speaker 8: It's like eyes straining recovery or.

951
00:52:48,520 --> 00:52:50,960
Speaker 10: Something like that. I don't know, but shut helping.

952
00:52:51,120 --> 00:52:54,399
Speaker 8: So let's say your eyes, you're getting a headache, your

953
00:52:54,400 --> 00:52:58,680
Speaker 8: eyes are hurting. Whatever you turn that on, It's helped me.

954
00:52:59,200 --> 00:53:02,640
Speaker 8: So I really do recommend turning it on. And we'll

955
00:53:02,680 --> 00:53:04,840
Speaker 8: go all the way to seven pm.

956
00:53:05,120 --> 00:53:05,640
Speaker 10: Oh good.

957
00:53:05,760 --> 00:53:07,680
Speaker 18: What do you think? Are you going to a restaurant?

958
00:53:07,719 --> 00:53:09,799
Speaker 18: You see a family of five eating and they're all

959
00:53:09,840 --> 00:53:14,439
Speaker 18: looking at their electronic devices and wiggling their thumbs. What's

960
00:53:14,480 --> 00:53:15,479
Speaker 18: your opinion that way?

961
00:53:16,000 --> 00:53:20,080
Speaker 8: Now we see on everybody is that they're using social

962
00:53:20,120 --> 00:53:24,560
Speaker 8: media like Snapchat, Instagram, Facebook. If they're all doing work,

963
00:53:24,760 --> 00:53:27,120
Speaker 8: I wouldn't mind that. I mean, come on, business is

964
00:53:27,200 --> 00:53:31,040
Speaker 8: the life, how they get money. So social media isn't

965
00:53:31,080 --> 00:53:34,320
Speaker 8: really important at dinner time because I mean they're enjoying

966
00:53:34,360 --> 00:53:36,360
Speaker 8: a meal and you're trying to hang out with each.

967
00:53:36,160 --> 00:53:38,120
Speaker 10: Other, right, so let's put it.

968
00:53:38,080 --> 00:53:40,280
Speaker 8: Aside quality time with your family.

969
00:53:40,400 --> 00:53:42,680
Speaker 10: Do you think there's just too much technology right now?

970
00:53:43,000 --> 00:53:43,160
Speaker 17: Now?

971
00:53:43,160 --> 00:53:47,960
Speaker 8: We do have a lot of technology nowadays. There's iPhones,

972
00:53:48,239 --> 00:53:53,399
Speaker 8: all these Windows, Commuter, Microsoft is Apple, IBM is now

973
00:53:53,480 --> 00:53:56,400
Speaker 8: being used for I see at the under Armer store

974
00:53:56,640 --> 00:53:59,799
Speaker 8: like a bunch of closed stores that the cashiers they

975
00:53:59,880 --> 00:54:02,640
Speaker 8: use an IBM computer to deal with everything.

976
00:54:02,800 --> 00:54:03,160
Speaker 10: No, I know.

977
00:54:03,239 --> 00:54:05,680
Speaker 18: You went to the Apple store in Providence and they

978
00:54:05,920 --> 00:54:07,799
Speaker 18: asked you to wait for a while, and they gave

979
00:54:07,840 --> 00:54:10,960
Speaker 18: you a Mac to use, and suddenly you could see

980
00:54:11,280 --> 00:54:13,719
Speaker 18: the controls for every computer in the store and all

981
00:54:13,719 --> 00:54:15,560
Speaker 18: the Wi Fi keywords and what happened there?

982
00:54:15,600 --> 00:54:16,879
Speaker 10: William, I go to.

983
00:54:16,880 --> 00:54:20,000
Speaker 8: The Apple store and there's this thing called terminal. It's

984
00:54:20,040 --> 00:54:23,960
Speaker 8: like command prompt, but for Apple computers. Command prop is

985
00:54:24,000 --> 00:54:26,400
Speaker 8: a command line where you can type in commands and

986
00:54:26,480 --> 00:54:30,960
Speaker 8: do stuff now on Apple on terminal. I just wanted

987
00:54:31,000 --> 00:54:33,960
Speaker 8: to see if they actually blocked it or not. So

988
00:54:34,640 --> 00:54:38,360
Speaker 8: I type in terminal on the Spotlight search and their

989
00:54:38,480 --> 00:54:39,520
Speaker 8: terminal pops up.

990
00:54:39,680 --> 00:54:41,200
Speaker 10: Well that was were you surprised?

991
00:54:41,320 --> 00:54:42,240
Speaker 7: I was very surprised.

992
00:54:42,280 --> 00:54:44,719
Speaker 8: I thought they'd block it actually, So I went over

993
00:54:44,840 --> 00:54:47,760
Speaker 8: to a worker and I told them, Hey, there's terminal

994
00:54:47,800 --> 00:54:50,359
Speaker 8: on the Max and the MacBooks, all the computers, and

995
00:54:50,760 --> 00:54:54,000
Speaker 8: on terminal you can take control, take control, you can

996
00:54:54,040 --> 00:54:56,880
Speaker 8: mess up the network, to mess up the computer itself,

997
00:54:57,000 --> 00:54:58,440
Speaker 8: you can do whatever.

998
00:54:58,719 --> 00:54:59,640
Speaker 10: Were they surprised?

999
00:55:00,000 --> 00:55:02,680
Speaker 8: They are very surprised. So I've probably saved Apple like

1000
00:55:02,760 --> 00:55:04,720
Speaker 8: two million dollars, who knows, who knows?

1001
00:55:04,800 --> 00:55:07,680
Speaker 18: Wow, well it worked out well for them that day

1002
00:55:07,719 --> 00:55:09,680
Speaker 18: that you were there, and thank god it wasn't a

1003
00:55:09,840 --> 00:55:14,000
Speaker 18: malicious hacker, right William, Yes, yeah.

1004
00:55:13,200 --> 00:55:13,600
Speaker 10: Well great.

1005
00:55:13,640 --> 00:55:18,200
Speaker 18: So with all this technology, what about the purpose of Christmas?

1006
00:55:18,239 --> 00:55:21,800
Speaker 18: I guess is a little tiny baby named Jesus right, Yes, yes.

1007
00:55:21,680 --> 00:55:24,279
Speaker 8: There was, and he was born on that day and

1008
00:55:24,880 --> 00:55:27,720
Speaker 8: we're not actually sure on what day he was actually

1009
00:55:27,760 --> 00:55:31,319
Speaker 8: born out, but everybody thinks he was just born on that.

1010
00:55:31,320 --> 00:55:35,319
Speaker 18: Day, twenty fifth. It's the birthday of Jesus and gives

1011
00:55:35,360 --> 00:55:37,880
Speaker 18: us all new hope every year. Santa seems to be

1012
00:55:37,880 --> 00:55:40,160
Speaker 18: able to make it no matter where you are, where

1013
00:55:40,200 --> 00:55:42,799
Speaker 18: he finds us all and maybe the same with baby Gees.

1014
00:55:42,840 --> 00:55:45,040
Speaker 18: Anything else you'd like to say before we head out,

1015
00:55:45,080 --> 00:55:45,880
Speaker 18: William nice.

1016
00:55:45,719 --> 00:55:47,960
Speaker 8: Being on the radio show, and everybody have a great

1017
00:55:48,000 --> 00:55:48,680
Speaker 8: Christmas Day.

1018
00:55:48,880 --> 00:55:52,520
Speaker 10: Bab's not be done, okay, god less? Thank you, William Kelly.

1019
00:55:55,480 --> 00:56:00,520
Speaker 4: We called Kelly Financial Services eight hundred eighteen eighty one.

1020
00:56:01,320 --> 00:56:05,239
Speaker 5: I'm Kelly Kelly from Kelly Financial. Retirement is a time

1021
00:56:05,320 --> 00:56:08,080
Speaker 5: to enjoy the fruits of your labor, but is also

1022
00:56:08,160 --> 00:56:12,200
Speaker 5: a period when financial stability becomes more critical than ever

1023
00:56:12,480 --> 00:56:17,719
Speaker 5: so seeking expert financial advice is essential, regardless of your age.

1024
00:56:17,760 --> 00:56:22,719
Speaker 5: Professional guidance insureds your assets are allocated wisely, helping your

1025
00:56:22,760 --> 00:56:25,879
Speaker 5: money last as long as you need it. The advisors

1026
00:56:25,920 --> 00:56:28,719
Speaker 5: at Kelly Financial will help you take charge of your

1027
00:56:28,760 --> 00:56:32,720
Speaker 5: financial future and preserve your hard earned wealth to enable

1028
00:56:32,800 --> 00:56:35,920
Speaker 5: you to focus on the retirement you've dreamed of. We

1029
00:56:36,040 --> 00:56:40,160
Speaker 5: have a free investor guide called designing your Fiscal House

1030
00:56:40,239 --> 00:56:43,719
Speaker 5: to Weather the Elements, which highlights the steps needed to

1031
00:56:43,760 --> 00:56:47,240
Speaker 5: build a balanced portfolio. For the guide and a free

1032
00:56:47,280 --> 00:56:51,000
Speaker 5: consultation with a Kelly advisor, call eight eight eight eight

1033
00:56:51,080 --> 00:56:56,160
Speaker 5: hundred eighteen eighty one or email Kelly at Kellyfinancial dot org.

1034
00:56:56,480 --> 00:57:01,040
Speaker 5: We're Kelly Financial. Come retire with us safe.

1035
00:57:00,880 --> 00:57:05,440
Speaker 4: Money strategies with William Kelly and Kelly Kelly. Go to

1036
00:57:05,640 --> 00:57:07,279
Speaker 4: Kelly Financial dot org.