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Speaker 1: This is coming to us.

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

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

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

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Speaker 1: And practical advice.

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

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

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

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

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

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

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

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

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

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

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

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

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Speaker 2: registered investment advisory. Where fiduciary care and our family first

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

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

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

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

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

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

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

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

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Speaker 2: Financial dot Org or call us at eighty eight eight

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Speaker 2: eight hundred one eight eight one.

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Speaker 1: This is Safe Money Strategies.

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

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Speaker 2: Kelly Junior.

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

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Speaker 3: eight hundred eighteen eighty one.

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

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

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

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Speaker 5: This is part of the show we.

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Speaker 4: Call Forever Young is where I sit down with my

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Speaker 4: son William Kelly Junior, and we talk about life, what's

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Speaker 4: going on in the world, in our family, and what

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Speaker 4: really matters most When you're planning for the future. Sometimes

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Speaker 4: it is light, sometimes is thoughtful, but it's always real.

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Speaker 5: Good morning, William, How are you.

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Speaker 1: I'm good, mom, How are you.

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Speaker 5: I'm doing great?

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Speaker 1: Good. That's awesome to hear. Well, I'm here in college.

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Speaker 5: Yes like that.

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Speaker 2: Look up early this morning and we just moved in

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Speaker 2: and here we are in my dorm room. My roommate's

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Speaker 2: not here. I decided to switch because last person I

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Speaker 2: couldn't get in touch with. So that's the end of

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Speaker 2: that roommate story. We'll see how this roommate is. I'll

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Speaker 2: keep everybody updated. But we have orientation very soon, so

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Speaker 2: everybody's in a rush and it's a lot of energy today.

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Speaker 5: Yeah, I can feel the excitement.

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Speaker 1: I know it really is.

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Speaker 4: I can't believe today is the day. I know we

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Speaker 4: got it really early this morning.

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Speaker 1: We truly did. Ladies and gentlemen.

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Speaker 2: I want to say thank you so much for your

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Speaker 2: support during my gap year.

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Speaker 1: I'll never forget that.

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Speaker 2: I'll never forget all the support that I've gotten from

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Speaker 2: each of every single one of you, and for my

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Speaker 2: family and for my co workers and from everybody in

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Speaker 2: my life. I want to say thank you again. So

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Speaker 2: it feels good to be here in college for the

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Speaker 2: first time.

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Speaker 6: I know, I know.

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Speaker 5: I like your room here, William.

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Speaker 1: Me too. My roommate's pretty neat. I like that. I

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Speaker 1: think he's going to be fine. Yeah, the impression I got.

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Speaker 4: Yeah, well he's not back yet. He went home for

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Speaker 4: winter break and he starts in a day.

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Speaker 5: In two days, no, three days, something like that.

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Speaker 1: Yeah, yes, yes, so we'll see. Yeah, it'll be good.

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Speaker 5: Yeah.

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Speaker 4: Well I like the layout of this room, Sam. It

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Speaker 4: feels interesting. We brought our equipment needed to record, so

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Speaker 4: it's really interesting sitting here with you.

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Speaker 5: It truly is, and not in our recording studio.

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Speaker 4: I know.

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Speaker 5: Yeah, it was bittersweet this morning.

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Speaker 1: It was bittersweet as.

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Speaker 5: We drove separately. I know, both cars filled.

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Speaker 2: Up completely to the brim and we have Marshall and Georgia.

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Speaker 1: I had to say goodbye to them. That was sad.

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Speaker 2: I know it's kind of tough, but you know all No,

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Speaker 2: it's been a good experience.

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Speaker 1: I'm very happy that I'm here and it's a new

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Speaker 1: chapter in my life.

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Speaker 4: So agreed, agreed, Excited for you, William, Thank you mom.

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Speaker 2: So looks like that. Today we have an idea program.

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Speaker 2: It's a like a couple credit course.

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Speaker 1: You take it.

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Speaker 2: For a week and you pretty much get together and

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Speaker 2: you solve problems. It's sort of like the Apprentice. So

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Speaker 2: today they're going to ship us off at eight pm tonight,

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Speaker 2: and so I'm assuming we're going to go out and

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Speaker 2: we're going to go do a bunch stuff. I'm going

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Speaker 2: to meet my team.

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Speaker 1: It should be fun.

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Speaker 2: I have a couple buddies who are here, one that

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Speaker 2: I'm in communication with, the other don't have not responded

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Speaker 2: to me. So the main one, him and I are

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Speaker 2: definitely getting me in cahoots today. I'll be seeing him.

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Speaker 2: I got to charge my phone, I got to get

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Speaker 2: my ID, I have to get my parking pass. I

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Speaker 2: got a lot on my plate. So certainly a lot

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Speaker 2: going on today.

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Speaker 4: Yeah, well, do you need for me to stay a

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Speaker 4: little longer and finish organizing or or you handled that later.

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Speaker 2: I think that might help a little bit. Okay, I

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Speaker 2: think that might help a lot. Actually, yeah, so we'll see.

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Speaker 5: Yeah, well, I can tell your roommate is a neat

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Speaker 5: freak thing.

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Speaker 4: He's got a little vacuum cleaner, he's got hand sanitizer

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Speaker 4: for breeze.

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Speaker 5: Yeah.

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Speaker 1: Yeah, everything is just like pretty organized, so neat.

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Speaker 5: This will be good for you, William.

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Speaker 1: Yes it will. It'll be a good experience.

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Speaker 5: Yeah.

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Speaker 4: We had a wonderful dinner last night, and I gave

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Speaker 4: you a letter that I took time to share my

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Speaker 4: thoughts and in writing, I hand wrote it out, and

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Speaker 4: I think I would like to read this to our

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Speaker 4: listeners on air. My dear William, as you get ready

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Speaker 4: to leave for Bryant, I just wanted you to know

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Speaker 4: how incredibly proud I am of you. You've grown into

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Speaker 4: a young man with a good head and a good heart,

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Speaker 4: and that didn't happen by accident.

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Speaker 5: You've been through a lot, and.

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Speaker 4: Instead of letting it harden you, you let it shape you.

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Speaker 4: You've learned how to think, how to care, and how

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Speaker 4: to stand on your own feet while knowing where you

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Speaker 4: come from. This next chapter wasn't rushed. We thought about it,

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Speaker 4: talked it through and trusted our instincts. And Bryant is

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Speaker 4: exactly where you meant to be right now. I believe

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Speaker 4: that with all my heart. I also know your dad

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Speaker 4: is so proud of you. I picture him watching closely,

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Speaker 4: probably with that familiar look, that half smile, shake of

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Speaker 4: the head in amazement.

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Speaker 5: At the man you're becoming.

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Speaker 4: He was never quiet, and I know he'd have plenty

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Speaker 4: to say about how far you've come. You carry so

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Speaker 4: much of him with you, his values, his strength, his

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Speaker 4: way of seeing the world, and he will always be

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Speaker 4: a part of you. Your Dad will always be in

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Speaker 4: your heart, just as he's always in mind. And no

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Speaker 4: matter how far you go, you're never on your own.

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Speaker 4: You carry both of us with you, our love, our

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Speaker 4: faith in you, and everything we've shared as a family.

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Speaker 5: Be smart, be.

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Speaker 4: Careful, trust yourself. You don't need to prove anything to anyone.

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Speaker 4: Just show up, do the work, treat people well, and

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Speaker 4: remember who you are. I'm always right here, cheering you

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Speaker 4: on every step of the way. I love you more

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Speaker 4: than words can say. Mom, there's another letter I'd like

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Speaker 4: to read, and this.

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Speaker 5: Is from missus O.

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Speaker 4: She was your pre k teacher many years ago, and

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Speaker 4: she's still in your life. To my dear William, I'm

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Speaker 4: sitting here on this early Sunday morning, and it's still

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Speaker 4: a little dark. The light hasn't quite reached up over

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Speaker 4: the horizon yet, and I'm reading a book about how

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Speaker 4: God yearns for us to all become our greatest selves,

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Speaker 4: and how he promises to stay close to us, even

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Speaker 4: within us as we seek ourselves and our purposes. And

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Speaker 4: as I was reading and seeking, you came into my

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Speaker 4: mind and heart. I was thinking about you in the

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Speaker 4: days and you are little, and how much joy you

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Speaker 4: brought to me each time you entered my classroom, And

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Speaker 4: how much joy you brought me as I ran into

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Speaker 4: you again as a not so little boy in the

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Speaker 4: grocery store that day not too long ago. Seeing you

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Speaker 4: made me so happy, and all of your brightness, your

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Speaker 4: smile warmed my heart. Having you come to Bullfrog has

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Speaker 4: been wonderful. Seeing you bring more light, more smiles, more

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Speaker 4: joy into my daily space has given me an incredible

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Speaker 4: sense of hope and happiness.

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Speaker 5: Truly.

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Speaker 4: As your preschool teacher long ago, I would always try

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Speaker 4: to teach you and the other children that God isn't

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Speaker 4: somewhere else, but rather he lives within us, inside us,

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Speaker 4: and he never leaves. That is what I see in you.

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Speaker 4: I see his light, his hope, and I believe He

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Speaker 4: is truly living inside of you, and it shines through

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Speaker 4: with your smile and your positivity, in your kindness, even

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Speaker 4: when you go offline.

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Speaker 6: Lol.

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Speaker 4: Your Father is smiling down upon you each and every day. William,

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Speaker 4: and I am certain he is truly proud of the

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Speaker 4: man you are becoming. I have been thinking about what

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Speaker 4: I could give you before you head off to your

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Speaker 4: next classroom college.

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Speaker 5: I was thinking I would get you something.

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Speaker 4: For your room.

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Speaker 5: But then this morning, as.

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Speaker 4: I was reading my book, I realized I wanted to

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Speaker 4: give you my.

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Speaker 5: Words as your first teacher.

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Speaker 4: You came to me and you started your educational journey

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Speaker 4: playing in my classroom, discovering, choosing, and finding out who

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Speaker 4: you were amongst all the other children. The one thing

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Speaker 4: I noticed about you was that you didn't blend in easily.

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Speaker 5: You are kind of doing your own.

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Speaker 4: Thing, and yet you were happy and content even when

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Speaker 4: you didn't know what to choose or who to be with.

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Speaker 4: As you leave next week for college and you step

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Speaker 4: off into your next classroom, remember to stay true to yourself,

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Speaker 4: that God lives inside you, keeping your light shining bright,

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Speaker 4: because there are going to be so many choices in

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Speaker 4: front of you, and some of them will try to

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Speaker 4: lead you astray from who you are meant to become.

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Speaker 5: My gift to you, I have.

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Speaker 4: Realized, are these words I have written from my heart

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Speaker 4: for you. You are quite a special fellow. William and I

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Speaker 4: have been so blessed and honored you were placed in

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Speaker 4: my life and on my path step forward with gallant

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Speaker 4: and virtuous steps. I am so proud of you and

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Speaker 4: cannot wait to hear about your adventures when you come back.

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Speaker 4: Enjoy all of it, love missus.

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Speaker 1: Oh, thank you, Mom, Thank you so much for a one.

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Speaker 5: Absolutely, William.

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Speaker 4: It has been a beautiful thing watching you and this journey.

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Speaker 4: And I feel like Bryant is the right decision, so

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Speaker 4: it was.

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Speaker 5: Your top one. So yeah, so here we are today.

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Speaker 1: Yes, ma'am, do keep us.

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Speaker 4: On your dial. We've got a lot of great content

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Speaker 4: coming your way. Mike do Set and Greg Workman will

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Speaker 4: unpack the twelve financial principles that matter most in twenty

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Speaker 4: twenty six and why ignoring even one can quietly cost

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Speaker 4: families millions over time. Mary, Madeline Kelly and Greg Murray

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Speaker 4: will walk through how families can turn last year's lessons

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Speaker 4: into better decisions this year. When William and I come back,

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Speaker 4: we'll talk about how families can think thoughtfully about downsizing

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Speaker 4: or right sizing, and why the right decision isn't always

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Speaker 4: the obvious one. And of course we'll close the hour

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Speaker 4: with some wit and wisdom from the late Bill Kelly.

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

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Speaker 4: wrap for forever young. Thank you for listening, and William,

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

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Speaker 4: great content. I love you, honey too.

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Speaker 7: And if you're looking for the perfect gift for a

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Speaker 7: young person in your life.

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Speaker 1: I've got it.

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Speaker 7: It's a brand new book written by William Kelly Junior

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Speaker 7: from Kelly Financial Services and it's called Only the Good

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Speaker 7: invest Young.

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Speaker 1: This book is powerful.

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Speaker 7: It gives teenagers called students young adults the roadmap they

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Speaker 7: need to start saving, planning and investing the right way.

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Speaker 7: And I'll tell you even people my age, yes and

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Speaker 7: I'm fifty six, are reading it. William actually quotes me

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Speaker 7: the Coooner Man in the book.

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Speaker 1: I'm in the book.

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Speaker 7: So you can grab your coffee right now on Amazon.

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Speaker 7: Just search Only the Good invest Young, and if you're

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Speaker 7: part of Cooner Country you can get a copy absolutely free.

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Speaker 7: Just tell them the coooner Man sent you and call

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Speaker 7: eight eight eight eight hundred eighteen eighty one or email

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Speaker 7: Kelly at Kellyfinancial dot org. Only the Good invest Young

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Speaker 7: Get it today.

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Speaker 8: Welcome back to Safe Money strategies. I'm Mike Ducett, joined

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Speaker 8: as always by Greg Workman. Greg, every January we hear

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Speaker 8: the same thing, bold predictions, hot market themes, and can't

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Speaker 8: miss opportunities for the year ahead.

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Speaker 6: That's right, Mike, And the problem is most investors don't

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Speaker 6: get into trouble because they lack information. They get into

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Speaker 6: trouble because they abandon basic principles when emotions take over.

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Speaker 8: Which is why today's show is intentionally different. We're not

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Speaker 8: talking about forecasts, interest rate guesses, or the next big trend.

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Speaker 6: Instead, we're focusing on what we're calling the twelve financial

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Speaker 6: Principles for twenty twenty six. Not because these ideas are new,

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Speaker 6: but because ignoring them can easily cost someone millions of

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Speaker 6: dollars over the course of a lifetime.

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Speaker 1: These principles are timeless. Ignore them in the history is

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Speaker 1: likely to repeat with yaw money.

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Speaker 6: And many of these ideas have been taught consistently for

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Speaker 6: decades by the respected educators in our industry, including Paul Merriman,

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Speaker 6: who has spent his career helping investors focus on evidence

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Speaker 6: based long term investing rather than speculation.

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Speaker 8: Greg, Before we jump into the list, let's set the

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Speaker 8: stage why does this conversation matter so much in twenty

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Speaker 8: twenty six.

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Speaker 6: Because uncertainty magnifies bad decisions. When markets are volatile, inflation

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Speaker 6: is in the headlines, or interest rates move quickly, investors

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Speaker 6: feel pressure to do.

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Speaker 8: Something, and doing something often feels productive, even when it's harmful.

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Speaker 6: Exactly, my goal in twenty twenty six is to help

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Speaker 6: investors improve their probability of financial success. We can't control

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Speaker 6: market outcomes, but we can control whether we follow the

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Speaker 6: basic financial principles that history has rewarded.

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Speaker 8: And what's interesting is that when we sit down with

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Speaker 8: new clients, the biggest gaps usually aren't technical, their behavioral.

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Speaker 8: People know these principles intellectually, but they drift away from

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Speaker 8: them over time.

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Speaker 6: Let's start with the most basic principle of all and

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Speaker 6: maybe the most uncomfortable. Spend less than you earn, no exceptions.

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Speaker 6: Everything else depends on this. You can't invest what you

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Speaker 6: don't have. You can't compound money that never exists.

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Speaker 8: No market strategy, no tax planning, no allocation can overcome

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Speaker 8: a spending problem.

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Speaker 6: And we see this across all income levels. High earners

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Speaker 6: who feel broke, retirees who saved well but increased spending

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Speaker 6: too quickly. This principle doesn't care how much you make,

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Speaker 6: only how much you keep.

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Speaker 8: Paul Merriman has always emphasized that investing success starts before

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Speaker 8: the portfolio. It starts with cash flow discipline. Principle number

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Speaker 8: two is where the math starts to matter.

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Speaker 6: Start early. Time is the most powerful force in investing,

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Speaker 6: more powerful than market timing, more powerful than picking the

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Speaker 6: quote unquote right fund or stock.

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Speaker 1: And that is where people misunderstand compounding.

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Speaker 6: You cannot make up the ladder. Waiting ten years doesn't

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Speaker 6: mean you just work harder later. It permanently changes the outcome.

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Speaker 8: This is something we explain constantly to younger families, but

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Speaker 8: it also matters for people in their forties, fifties and beyond.

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Speaker 6: The best time to start was years ago. The second

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Speaker 6: best time is now. Principal number three save automatically. This

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Speaker 6: one acknowledges human nature will power fails systems work.

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Speaker 1: If saving depends on how discipline you fail each month,

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Speaker 1: it won't last.

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Speaker 6: That's why automatic contributions, payroll deductions, dollar cost averaging, and

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Speaker 6: target date strategies are so effective. They remove emotion from

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Speaker 6: the process. And that's a consistent theme and evidence based

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Speaker 6: investing build systems that protect you from yourself.

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Speaker 8: Principal number four own businesses stories. This principle feels especially

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Speaker 8: relevant today.

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Speaker 6: Stocks represent ownership in real businesses, companies with earnings, cash flow,

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Speaker 6: and long term economic value.

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Speaker 1: But investors often buy stories instead.

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Speaker 6: Headlines hype what's trending on social media.

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Speaker 1: Stories feel exciting. Businesses create wealth.

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Speaker 6: Paul Merriman and other educators have long stressed that disciplined

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Speaker 6: investing is about owning productive assets, not chasing narratives.

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Speaker 8: Principle number five diversification is a free launch. If there's

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Speaker 8: one phrase that gets repeated in academic finance, it's this.

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Speaker 6: Diversification is the closest thing to a free lunch.

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Speaker 8: Across companies, industries, countries, and asset classes, diversification has the

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Speaker 8: potential to reduce risk without reducing expected return.

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Speaker 6: Yet many portfolios we review are unintentionally concentrated, often because

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Speaker 6: something did well recently and grew too large. That's not

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Speaker 6: the versification, that's performance chasing in disguise.

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Speaker 1: Principal number six. Costs matter a lot.

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Speaker 6: This is one of the most underestimated principles because costs

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Speaker 6: are quiet, but every dollar paid in fees and taxes

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Speaker 6: is a dollar that doesn't compound for.

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Speaker 1: You over twenty or thirty years.

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Speaker 8: Small cost differences can translate into enormous gaps and outcomes.

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Speaker 6: This has been a cornerstone of Paul Merriman's teaching for decades.

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Speaker 6: Control what you can control and costs are one of

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Speaker 6: the biggest levers that investors have.

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Speaker 1: We're just getting started.

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Speaker 8: When we come back, we'll move into the second half

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Speaker 8: of the list, including risk pricing, behavior, compounding, and the

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Speaker 8: myth of shortcuts.

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Speaker 6: These next principles are often the difference between investors who

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Speaker 6: stay the course and those who panic at exactly the

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Speaker 6: wrong time.

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Speaker 1: Stay with us, This is safe money Strategies.

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

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

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

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Speaker 4: act in your best interest? My complimentary book, Retire Your Fear,

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Speaker 4: Plan Your Future explains what a fiduciary is and will

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

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

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

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

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

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

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

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

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00:20:50,359 --> 00:20:53,199
Speaker 10: It's the rule of science. When's the best time to

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Speaker 10: plant a tree twenty years ago? When's the second best

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00:20:56,800 --> 00:21:00,600
Speaker 10: time to plant a tree tomorrow? Today? You can get

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Speaker 10: to it. That's the next best time.

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

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

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Speaker 9: a Happy Retirement and find six secrets of how you

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Speaker 9: can spend your time to cultivate happiness and a retirement

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Speaker 9: well lived. Go to Kellyfinancial dot org or call eight

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Speaker 9: eight eight eight hundred eighteen eighty one to spend some

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Speaker 9: time with one of our financial advisors.

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Speaker 10: Time, ladies and gentlemen, it's not too late.

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

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Speaker 3: The Money Wrap with Kelly Financial Advisors, Greg Murray and

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Speaker 3: Mary Madeline Kelly.

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Speaker 11: Hello, this is Greg Murray, Senior vice president and chief

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Speaker 11: Compliance Officer at Kelly Financial Services. Short to me today

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Speaker 11: is Mary Madeline Kelly, one of our wealth advisors. How

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Speaker 11: are you doing today?

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Speaker 10: Hi?

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Speaker 12: Greg? I am doing great. I had my first ski

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Speaker 12: trip of the season last weekend and how to a

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Speaker 12: wonderful time. Although there was a bit of ice, I

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Speaker 12: made it down the mountain safely, but I'm definitely failing

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Speaker 12: it in my knees this week.

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Speaker 11: We are called the ice Coast for a reason. I

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Speaker 11: would have been surprised if it was a powder day,

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Speaker 11: but I am happy to hear that you got out

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Speaker 11: for a few days. And it's awesome that this is

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Speaker 11: turning into an annual trip regardless of the Ice Coast.

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Speaker 11: It was much needed and I look forward to the

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Speaker 11: next time I get back out there. And I love

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Speaker 11: this time of year not only because I get to ski,

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Speaker 11: but also because it's naturally reflective. People are looking back

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Speaker 11: at what went right, what didn't, and what they want

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Speaker 11: to do differently this year, especially when it comes to

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Speaker 11: money exactly. And that's why today's topic is such a

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Speaker 11: powerful one. How to turn last year's lessons into better

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Speaker 11: decisions this year.

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Speaker 12: Yes, because you don't need a perfect year to make progress,

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Speaker 12: You just need to learn from the one you had.

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Speaker 11: Let's start with the vest thing, because twenty twenty five

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Speaker 11: was a reminder of something we say all the time.

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Speaker 12: Markets don't move in straight lines exactly. We saw volatility,

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Speaker 12: big headlines, and plenty of them emotional moments, and for

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Speaker 12: many investors, the biggest lesson was that reacting to the

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Speaker 12: news rarely leads to better outcomes.

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Speaker 11: Right, and people who stayed invested in and followed their

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Speaker 11: plan often in a much better shape than those who

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Speaker 11: tried to time the market.

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Speaker 12: So one lesson to carry into this year is discipline

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Speaker 12: beats prediction. You don't have to know what the market

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Speaker 12: will do next, You just have to stick to a

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Speaker 12: strategy that's built for the long term.

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Speaker 11: Nothing lesson from last year is about cash and liquidity.

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Speaker 11: Many people realized how comforting it was to have an

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Speaker 11: emergency fund or accessible cash when markets are life got unpredictable.

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Speaker 12: Yes, having cash on hand gives you flexibility, It keeps

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Speaker 12: you from selling investments at the wrong time, and helps

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Speaker 12: you handle surprises without stress.

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Speaker 11: Allas talk about tax It's one of the biggest year

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Speaker 11: end lessons for people is usually I wish I had

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Speaker 11: planned this earlier, So.

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Speaker 12: True, whether it was R and DS, capital gains or

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Speaker 12: roth conversions. Many people realize that waiting until December limits

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Speaker 12: your options. One of the smartest things you can do

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Speaker 12: this year is start tax planning in January.

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Speaker 11: Another lesson is both spending and saving habits. Inflation, travel

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Speaker 11: and lifestyle changes made a lot of people more aware

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Speaker 11: of where their money was actually going.

447
00:24:10,280 --> 00:24:11,560
Speaker 1: Awareness is powerful.

448
00:24:11,880 --> 00:24:14,439
Speaker 12: You don't have to be restrictive, but knowing what you

449
00:24:14,480 --> 00:24:18,160
Speaker 12: spend helps you make intentional choices instead of reactive ones.

450
00:24:18,280 --> 00:24:21,080
Speaker 11: Let's talk about retirement planning. One lesson from last year

451
00:24:21,119 --> 00:24:23,560
Speaker 11: is the rules and limits change, and if you're not

452
00:24:23,600 --> 00:24:26,480
Speaker 11: paying attention, you might miss opportunities.

453
00:24:25,760 --> 00:24:31,000
Speaker 12: Exactly, whether it's contribution limits, catch up rules, or distribution requirements.

454
00:24:31,200 --> 00:24:34,159
Speaker 12: Reviewing your plan each year matters, and this is the

455
00:24:34,160 --> 00:24:35,119
Speaker 12: perfect time to do it.

456
00:24:35,320 --> 00:24:38,000
Speaker 11: So when we talk about turning lessons into better decisions,

457
00:24:38,040 --> 00:24:40,080
Speaker 11: we're really talk to you about using what you already

458
00:24:40,119 --> 00:24:42,280
Speaker 11: experienced to improve how you move forward.

459
00:24:42,440 --> 00:24:46,000
Speaker 12: Yes, it doesn't have to be overwhelming. Small adjustments add up.

460
00:24:46,119 --> 00:24:48,560
Speaker 12: So let's give listeners a simple framework for this year.

461
00:24:48,720 --> 00:24:51,720
Speaker 12: Here are five ways to turn last year's lessons into

462
00:24:51,760 --> 00:24:54,880
Speaker 12: better decisions this year. Number one, stick to a long

463
00:24:55,000 --> 00:24:59,959
Speaker 12: term investment strategy two, keep a healthy cash cushion, Three

464
00:25:00,320 --> 00:25:05,920
Speaker 12: STARp tax planning early, four review retirement contributions, and five

465
00:25:06,280 --> 00:25:07,960
Speaker 12: be intentional about spending.

466
00:25:08,080 --> 00:25:10,600
Speaker 11: Perfect summary, and of course we always want to remind

467
00:25:10,640 --> 00:25:14,560
Speaker 11: listeners that investing involves risk, including the potential loss of principle,

468
00:25:14,800 --> 00:25:17,760
Speaker 11: and every financial plan should be based on individual goals

469
00:25:17,760 --> 00:25:18,680
Speaker 11: and circumstances.

470
00:25:18,840 --> 00:25:21,920
Speaker 12: Yes, there's no one size fits all approach, but learning

471
00:25:21,920 --> 00:25:24,880
Speaker 12: from experience puts you in a much stronger position this year.

472
00:25:25,040 --> 00:25:27,439
Speaker 11: And that's where we come in at Kelly Financial. We

473
00:25:27,480 --> 00:25:30,560
Speaker 11: help people review what happened, justs where needed and move

474
00:25:30,600 --> 00:25:31,560
Speaker 11: forward with confidence.

475
00:25:31,640 --> 00:25:35,800
Speaker 12: Because financial success isn't about never making mistakes, it's about

476
00:25:35,840 --> 00:25:37,359
Speaker 12: making better ones over time.

477
00:25:37,640 --> 00:25:39,919
Speaker 11: Well said, that's going to wrap up this segment. If

478
00:25:39,960 --> 00:25:42,639
Speaker 11: you like help reviewing your twenty twenty five financial picture

479
00:25:42,840 --> 00:25:45,120
Speaker 11: and mapping out your goals for twenty twenty six, give

480
00:25:45,200 --> 00:25:45,560
Speaker 11: us a call.

481
00:25:45,640 --> 00:25:47,400
Speaker 1: We'd be happy to help absolutely.

482
00:25:47,720 --> 00:25:50,600
Speaker 12: I look forward to catching up next week, and I

483
00:25:50,640 --> 00:25:52,120
Speaker 12: hope you enjoy the long weekend.

484
00:25:52,400 --> 00:25:55,280
Speaker 3: To get in touch with Greg Murray or Mary Madeline

485
00:25:55,320 --> 00:25:58,920
Speaker 3: Kelly or any member of the Kelly Financial team, call

486
00:25:59,040 --> 00:26:07,480
Speaker 3: atat eight hundred eighteen eighty one. Safe Money Strategies with

487
00:26:07,520 --> 00:26:11,000
Speaker 3: William Kelly and Kelly Kelly call the team on eight

488
00:26:11,080 --> 00:26:14,000
Speaker 3: eight eight eight hundred, eighteen eighty one.

489
00:26:14,840 --> 00:26:24,760
Speaker 4: Thank good morning, and welcome back to Safe Money Strategies.

490
00:26:25,200 --> 00:26:29,280
Speaker 4: I'm Kelly Kelly and I'm joined as always by my son,

491
00:26:29,600 --> 00:26:31,080
Speaker 4: William Kelly Junior.

492
00:26:31,440 --> 00:26:31,960
Speaker 1: Good morning.

493
00:26:32,160 --> 00:26:34,920
Speaker 4: Each week on this program we talk about the real

494
00:26:35,000 --> 00:26:40,800
Speaker 4: life decisions that shape retirement, not just financially, but practically

495
00:26:41,000 --> 00:26:44,480
Speaker 4: and emotionally as well. And today we're talking about a

496
00:26:44,600 --> 00:26:48,720
Speaker 4: topic we're hearing more and more about from retirees and

497
00:26:48,800 --> 00:26:54,600
Speaker 4: families alike, downsizing and right sizing in twenty twenty six,

498
00:26:55,000 --> 00:26:59,200
Speaker 4: and how housing decisions fit into a thoughtful retirement plan.

499
00:26:59,560 --> 00:27:01,760
Speaker 1: And this is one of those topics that usually comes

500
00:27:01,840 --> 00:27:02,480
Speaker 1: up quietly.

501
00:27:02,920 --> 00:27:03,480
Speaker 5: It does.

502
00:27:03,920 --> 00:27:06,440
Speaker 2: People don't always come in saying I need to move.

503
00:27:06,640 --> 00:27:09,919
Speaker 2: They come in saying something doesn't quite feel right anymore, exactly.

504
00:27:10,320 --> 00:27:15,360
Speaker 4: Downsizing is rarely urgent until suddenly it is. And what

505
00:27:15,400 --> 00:27:19,080
Speaker 4: we're seeing more often now is retirees choosing not to

506
00:27:19,160 --> 00:27:22,320
Speaker 4: wait for a health issue, a fall, or a forced

507
00:27:22,400 --> 00:27:24,680
Speaker 4: decision before they start thinking about it.

508
00:27:25,000 --> 00:27:28,040
Speaker 2: And I think it's important to say downsizing today isn't

509
00:27:28,119 --> 00:27:29,280
Speaker 2: just about saving money.

510
00:27:29,600 --> 00:27:30,600
Speaker 5: No, not at all.

511
00:27:30,960 --> 00:27:31,960
Speaker 1: It's about lifestyle.

512
00:27:32,119 --> 00:27:34,240
Speaker 2: It's about peace of mind, and it's about creating a

513
00:27:34,240 --> 00:27:38,720
Speaker 2: living situation that supports flexibility, safety and comfort in those

514
00:27:38,800 --> 00:27:39,359
Speaker 2: years ahead.

515
00:27:39,800 --> 00:27:44,639
Speaker 4: And many retirees are downsizing proactively, not because they have to,

516
00:27:44,760 --> 00:27:47,720
Speaker 4: but because they want to stay in control of the decision.

517
00:27:48,359 --> 00:27:55,480
Speaker 4: Larger homes often come with hidden cost maintenance, repairs, stairs, storage, stress.

518
00:27:56,040 --> 00:27:58,040
Speaker 4: Things that didn't feel like a big deal twenty years

519
00:27:58,080 --> 00:28:01,720
Speaker 4: ago can slowly begin to feel like a burden. What

520
00:28:01,920 --> 00:28:06,359
Speaker 4: once felt manageable can start to feel heavy, and that's

521
00:28:06,440 --> 00:28:10,440
Speaker 4: when people begin to realize this house no longer supports

522
00:28:10,480 --> 00:28:12,160
Speaker 4: the life I'm living today.

523
00:28:12,440 --> 00:28:15,280
Speaker 1: And that's really an important distinction it is.

524
00:28:15,520 --> 00:28:19,960
Speaker 4: Downsizing isn't about shrinking your life. It's about supporting the

525
00:28:20,040 --> 00:28:21,200
Speaker 4: life you want now.

526
00:28:21,440 --> 00:28:24,120
Speaker 2: And for a lot of people, this process starts years

527
00:28:24,200 --> 00:28:26,600
Speaker 2: before any actual move takes place.

528
00:28:26,840 --> 00:28:30,440
Speaker 4: Yes before anyone packs a box or looks at listings.

529
00:28:30,800 --> 00:28:33,240
Speaker 4: The hardest work usually starts inside the.

530
00:28:33,240 --> 00:28:38,320
Speaker 2: Home, because decluttering decades of belongings isn't just practical, it's emotional.

531
00:28:38,960 --> 00:28:48,280
Speaker 4: Our homes hold memories, family history, pieces of identity, furniture, paperwork, photos, keepsakes.

532
00:28:48,720 --> 00:28:52,800
Speaker 4: They represent chapters of life, not just objects.

533
00:28:53,280 --> 00:28:54,959
Speaker 1: And that's where people get stuck.

534
00:28:55,360 --> 00:28:55,880
Speaker 5: They do.

535
00:28:56,200 --> 00:29:01,440
Speaker 4: Decision fatigue is very real at this stage. People feel overwhelmed,

536
00:29:01,760 --> 00:29:05,320
Speaker 4: they're not sure where to begin. Letting go can feel

537
00:29:05,360 --> 00:29:09,640
Speaker 4: like losing something, even when the intention is to move forward.

538
00:29:09,960 --> 00:29:12,280
Speaker 1: But letting go doesn't mean forgetting no.

539
00:29:12,640 --> 00:29:16,760
Speaker 4: And I'll say this honestly, this isn't easy for us either.

540
00:29:17,080 --> 00:29:20,960
Speaker 4: Our family is very sentimental. Some of the hardest things

541
00:29:21,000 --> 00:29:24,200
Speaker 4: to let go of aren't worth much financially, but.

542
00:29:24,200 --> 00:29:26,000
Speaker 5: They hold decades of meaning.

543
00:29:26,600 --> 00:29:31,920
Speaker 4: Grandparents, great grandparents, family history, and memories that matter.

544
00:29:32,360 --> 00:29:35,480
Speaker 2: There are situations where you know you can't keep everything,

545
00:29:35,560 --> 00:29:39,040
Speaker 2: but figuring out what to keep is the hard part, exactly.

546
00:29:39,200 --> 00:29:43,160
Speaker 4: And that's why starting with low emotion areas matter. It

547
00:29:43,200 --> 00:29:46,400
Speaker 4: gives you momentum before you ever touch the things that

548
00:29:46,480 --> 00:29:50,880
Speaker 4: really matter. Because decluttering is rarely about the stuff, It's

549
00:29:50,920 --> 00:29:53,200
Speaker 4: all about the stories attached to it.

550
00:29:53,720 --> 00:29:57,040
Speaker 2: So the question becomes, how do people move forward without

551
00:29:57,040 --> 00:29:58,760
Speaker 2: feeling overwhelmed, And.

552
00:29:58,680 --> 00:30:05,440
Speaker 4: The answer usually isn't. Motivation is systems, simple systems exactly.

553
00:30:05,680 --> 00:30:09,680
Speaker 4: One effective approach is breaking the home into zones instead

554
00:30:09,680 --> 00:30:14,480
Speaker 4: of rooms, a single closet, one drawer, a storage area.

555
00:30:15,040 --> 00:30:18,160
Speaker 5: Small winds build confidence.

556
00:30:17,880 --> 00:30:22,520
Speaker 2: And simple decision rules help too keep, donate, sell, let go.

557
00:30:22,880 --> 00:30:25,320
Speaker 2: Fewer choices make progress easier.

558
00:30:25,840 --> 00:30:30,720
Speaker 4: Starting with low emotion areas like basements or utility spaces

559
00:30:31,240 --> 00:30:37,320
Speaker 4: helps build momentum before tackling sentimental items. Many retirees also

560
00:30:37,480 --> 00:30:43,200
Speaker 4: work with professional organizers or certified senior move managers who

561
00:30:43,240 --> 00:30:47,120
Speaker 4: specialize in downsizing and relocation support.

562
00:30:47,560 --> 00:30:50,480
Speaker 2: And one space begins to open up, people often start

563
00:30:50,480 --> 00:30:53,640
Speaker 2: thinking differently about what they actually need in their next home.

564
00:30:53,720 --> 00:30:58,960
Speaker 4: Which brings us to an important distinction downsizing versus right sizing.

565
00:31:00,040 --> 00:31:01,640
Speaker 1: Us focuses on size.

566
00:31:02,080 --> 00:31:04,480
Speaker 5: Right sizing focuses on fit.

567
00:31:04,840 --> 00:31:06,760
Speaker 1: Layout, accessibility, ease a.

568
00:31:06,760 --> 00:31:14,360
Speaker 4: Living, single level living, fewer stairs, reduce maintenance, location, walkability,

569
00:31:15,040 --> 00:31:19,920
Speaker 4: proximity to health care. These things often matter far more

570
00:31:20,000 --> 00:31:21,320
Speaker 4: than square footage.

571
00:31:21,640 --> 00:31:25,160
Speaker 2: The goal is alignment with today's lifestyle, not the past.

572
00:31:25,720 --> 00:31:30,040
Speaker 4: The right home supports your life instead of demanding more

573
00:31:30,120 --> 00:31:32,640
Speaker 4: from it, and timing matters here.

574
00:31:33,040 --> 00:31:36,080
Speaker 2: One of the biggest mistakes retirees make is waiting too

575
00:31:36,160 --> 00:31:37,440
Speaker 2: long and then rushing a move.

576
00:31:38,120 --> 00:31:44,720
Speaker 4: Rush decisions lead to higher cost, limited options, and unnecessary stress.

577
00:31:45,400 --> 00:31:52,440
Speaker 4: Planning early allows time to manage logistics, emotions, and finances thoughtfully, and.

578
00:31:52,480 --> 00:31:55,840
Speaker 2: Housing decisions connect directly to the bigger retirement picture.

579
00:31:56,200 --> 00:31:57,520
Speaker 5: They do where you.

580
00:31:57,600 --> 00:32:02,720
Speaker 4: Live affects cash flow, taxes, and long term flexibility. Housing

581
00:32:02,840 --> 00:32:06,719
Speaker 4: choices tend to last far longer than interest rate cycles,

582
00:32:07,080 --> 00:32:11,120
Speaker 4: and they shape retirement more than people realize.

583
00:32:10,600 --> 00:32:13,880
Speaker 2: So making decisions based on headlines or short term conditions

584
00:32:13,960 --> 00:32:16,120
Speaker 2: can create pressure or regret.

585
00:32:16,360 --> 00:32:21,440
Speaker 4: What matters more is understanding how a housing transition fits

586
00:32:21,880 --> 00:32:25,120
Speaker 4: into your broader retirement strategy.

587
00:32:24,720 --> 00:32:27,800
Speaker 2: And that's what we help families think through at Kelly Financial.

588
00:32:27,600 --> 00:32:33,280
Speaker 4: Thoughtfully, not reactively. If downsizing or right sizing is something

589
00:32:33,320 --> 00:32:36,800
Speaker 4: you're beginning to think about, we invite you to reach out.

590
00:32:37,320 --> 00:32:40,280
Speaker 4: You can call us at eight eight eight eight hundred

591
00:32:40,440 --> 00:32:45,360
Speaker 4: eighteen eighty one or email Kelly at Kellyfinancial dot org

592
00:32:45,680 --> 00:32:49,200
Speaker 4: to schedule a complementary appointment with one of our Kelly

593
00:32:49,240 --> 00:32:50,640
Speaker 4: Financial advisors.

594
00:32:51,120 --> 00:32:54,320
Speaker 2: It's a conversation designed to help you understand your options

595
00:32:54,320 --> 00:32:57,800
Speaker 2: and how housing decisions fit into your overall retirement picture.

596
00:32:58,040 --> 00:33:01,920
Speaker 4: When we return, we'll talk about what happens next, how

597
00:33:02,040 --> 00:33:07,520
Speaker 4: retirees actually navigate the move itself, choose the right next home,

598
00:33:08,040 --> 00:33:13,200
Speaker 4: and make transitions that support long term comfort and independence.

599
00:33:16,240 --> 00:33:20,280
Speaker 3: Safe money strategies brought to you by Kelly Financial Services

600
00:33:20,520 --> 00:33:24,280
Speaker 3: Call eight eight eight eight hundred eighteen eighty one or

601
00:33:24,360 --> 00:33:26,320
Speaker 3: visit Kellyfinancial dot org.

602
00:33:26,880 --> 00:33:30,840
Speaker 9: Ready to enjoy your golden years without worry. At Kelly Financial,

603
00:33:30,960 --> 00:33:34,320
Speaker 9: we know retirement planning can be overwhelming. With more than

604
00:33:34,360 --> 00:33:38,040
Speaker 9: twenty two years of experience, our friendly team of advisors

605
00:33:38,120 --> 00:33:41,280
Speaker 9: makes it easy and stress free. Trust us to help

606
00:33:41,320 --> 00:33:44,840
Speaker 9: you create a secure and enjoyable future. For a free

607
00:33:44,880 --> 00:33:49,160
Speaker 9: initial retirement consultation, call eight eight eight eight hundred eighteen

608
00:33:49,240 --> 00:33:52,960
Speaker 9: eighty one or email Kelly at Kelly Financial dot org.

609
00:33:53,200 --> 00:33:55,560
Speaker 9: We're Kelly Financial. Come retire with.

610
00:33:55,520 --> 00:34:00,480
Speaker 3: Us safe money strategies with William Kelly and Kelly Kenny.

611
00:34:00,720 --> 00:34:06,640
Speaker 3: Call the team on eight eight hundred, eighteen eighty one. Character.

612
00:34:08,960 --> 00:34:13,080
Speaker 4: So before the break, we were talking about downsizing and

613
00:34:13,239 --> 00:34:18,520
Speaker 4: right sizing, the emotional side of letting go, planning ahead

614
00:34:18,760 --> 00:34:22,600
Speaker 4: and thinking carefully about what kind of home truly supports

615
00:34:23,040 --> 00:34:24,920
Speaker 4: the next chapter of life.

616
00:34:25,120 --> 00:34:27,400
Speaker 2: And now we want to talk about what happens next

617
00:34:27,680 --> 00:34:30,000
Speaker 2: once people start thinking about how they want to live

618
00:34:30,080 --> 00:34:30,680
Speaker 2: going forward.

619
00:34:30,960 --> 00:34:34,319
Speaker 4: Because one important point we always want to make is

620
00:34:34,400 --> 00:34:39,880
Speaker 4: this downsizing or relocating is not the right answer for everyone.

621
00:34:40,400 --> 00:34:43,080
Speaker 1: That's an important distinction for some people.

622
00:34:43,200 --> 00:34:46,520
Speaker 4: The best decision isn't to move at all, is to

623
00:34:46,520 --> 00:34:49,520
Speaker 4: make changes to the home they already love so it

624
00:34:49,560 --> 00:34:51,040
Speaker 4: can support them longer.

625
00:34:51,480 --> 00:34:55,440
Speaker 2: That's what many people refer to as aging in place exactly.

626
00:34:55,840 --> 00:34:59,719
Speaker 4: Aging in place means adapting your current home to meet

627
00:34:59,760 --> 00:35:04,480
Speaker 4: your needs over time, rather than changing homes entirely, and

628
00:35:04,520 --> 00:35:07,960
Speaker 4: that could look very different depending on the situation. For some,

629
00:35:08,080 --> 00:35:13,359
Speaker 4: it might mean adding safety features that are lighting, wider doorways,

630
00:35:13,680 --> 00:35:17,520
Speaker 4: improved flooring, or a main level bedroom and bathroom.

631
00:35:18,040 --> 00:35:20,760
Speaker 2: For others, it can mean installing an elevator or lift

632
00:35:20,800 --> 00:35:22,080
Speaker 2: if stairs become a concern.

633
00:35:22,520 --> 00:35:24,839
Speaker 5: That's something I think about personally.

634
00:35:25,239 --> 00:35:28,920
Speaker 4: Our home has multiple levels at a lot of stairs.

635
00:35:29,120 --> 00:35:32,760
Speaker 4: When we purchased our home, we were not thinking decades ahead,

636
00:35:33,400 --> 00:35:37,640
Speaker 4: and most people aren't, so if staying there long term

637
00:35:37,800 --> 00:35:42,080
Speaker 4: is the right decision, modifications like an elevator become part

638
00:35:42,160 --> 00:35:44,120
Speaker 4: of the conversation, and that's.

639
00:35:44,000 --> 00:35:46,440
Speaker 1: A good example of planning instead of reacting.

640
00:35:46,880 --> 00:35:47,319
Speaker 5: It is.

641
00:35:47,600 --> 00:35:52,840
Speaker 4: Another option some families explore is creating flexible living space

642
00:35:52,960 --> 00:35:57,120
Speaker 4: within the home, a separate apartment, in law suite, or

643
00:35:57,200 --> 00:36:01,520
Speaker 4: private area that could later accommodate a caregiver or a

644
00:36:01,560 --> 00:36:05,280
Speaker 4: family member if support is needed, or even future family

645
00:36:05,360 --> 00:36:10,160
Speaker 4: needs exactly. Many parents think about whether their home could

646
00:36:10,239 --> 00:36:16,200
Speaker 4: one day work for adult children, grandchildren, or multi generational living.

647
00:36:16,840 --> 00:36:20,960
Speaker 4: These aren't decisions to rush, but they are worth thinking

648
00:36:21,000 --> 00:36:22,240
Speaker 4: about ahead of time.

649
00:36:22,680 --> 00:36:26,400
Speaker 1: So the real question isn't just should I downsize.

650
00:36:25,840 --> 00:36:30,719
Speaker 4: It's what living situation best supports my life now and.

651
00:36:30,880 --> 00:36:33,759
Speaker 1: Later, And that brings us back to the idea of

652
00:36:33,920 --> 00:36:34,879
Speaker 1: fit right.

653
00:36:35,440 --> 00:36:39,240
Speaker 4: Whether someone chooses to relocate or stay put, the goal

654
00:36:39,360 --> 00:36:45,320
Speaker 4: is alignment, comfort, safety, flexibility, peace of mind.

655
00:36:45,960 --> 00:36:48,320
Speaker 2: Now, for those who decide that moving is the right path,

656
00:36:48,480 --> 00:36:50,360
Speaker 2: the logistics can feel overwhelming.

657
00:36:50,719 --> 00:36:55,880
Speaker 4: They can selling a home, sorting belongings, choosing where to

658
00:36:55,960 --> 00:37:01,160
Speaker 4: go next, coordinating timing is a lot and this is

659
00:37:01,200 --> 00:37:04,480
Speaker 4: where having the right support really matters.

660
00:37:04,440 --> 00:37:07,520
Speaker 1: Because this isn't just a real estate transaction, it's.

661
00:37:07,360 --> 00:37:12,080
Speaker 4: A life transition, and transitions go more smoothly when they're

662
00:37:12,080 --> 00:37:14,760
Speaker 4: handled thoughtfully instead of all at once.

663
00:37:15,480 --> 00:37:18,719
Speaker 2: These are professionals who specialize in the stage of life,

664
00:37:18,840 --> 00:37:22,880
Speaker 2: senior move managers, organizers, and real estate professionals who understand

665
00:37:22,880 --> 00:37:24,800
Speaker 2: retirement transitions.

666
00:37:24,440 --> 00:37:30,160
Speaker 4: And planning ahead allows people to move gradually, avoid rush decisions,

667
00:37:30,480 --> 00:37:33,480
Speaker 4: and maintain control throughout the process.

668
00:37:33,840 --> 00:37:37,759
Speaker 2: Another important piece is understanding how housing decisions affect the

669
00:37:37,760 --> 00:37:39,000
Speaker 2: bigger retirement picture.

670
00:37:39,400 --> 00:37:45,239
Speaker 4: Yes, housing impacts cash flow, taxes, long term flexibility, and

671
00:37:45,320 --> 00:37:49,640
Speaker 4: even healthcare planning. These choices tend to last far longer

672
00:37:49,680 --> 00:37:54,160
Speaker 4: than market cycles, which is why they deserve careful consideration.

673
00:37:54,719 --> 00:37:57,879
Speaker 2: Proceeds from a home sale, renovation costs, or long term

674
00:37:57,920 --> 00:38:00,839
Speaker 2: housing expenses should all fit in to an overall plan,

675
00:38:01,040 --> 00:38:01,960
Speaker 2: and that plan.

676
00:38:01,760 --> 00:38:06,319
Speaker 4: Should reflect how someone actually wants to live, not just

677
00:38:06,440 --> 00:38:08,600
Speaker 4: what seems easiest in the moment.

678
00:38:08,880 --> 00:38:10,759
Speaker 1: Because the goal isn't just to make a move.

679
00:38:11,239 --> 00:38:14,319
Speaker 4: The goal is to make a good decision, one that

680
00:38:14,480 --> 00:38:18,800
Speaker 4: supports independence, dignity, and comfort over time.

681
00:38:19,200 --> 00:38:22,320
Speaker 1: And for many people, the hardest step is simply getting started.

682
00:38:22,640 --> 00:38:26,160
Speaker 4: That's true, and often the best first step isn't packing

683
00:38:26,239 --> 00:38:31,000
Speaker 4: a box or calling a contractor, is having a conversation.

684
00:38:30,800 --> 00:38:33,480
Speaker 1: A conversation about options, timing, trade.

685
00:38:33,280 --> 00:38:38,920
Speaker 4: Offs, and about how housing decisions, whether they're downsizing, right sizing,

686
00:38:39,080 --> 00:38:43,359
Speaker 4: or aging in place, fit into a broader retirement strategy.

687
00:38:43,680 --> 00:38:46,320
Speaker 2: If this is something you've been thinking about, even quietly,

688
00:38:46,560 --> 00:38:47,960
Speaker 2: we encourage you to reach out.

689
00:38:48,120 --> 00:38:51,280
Speaker 4: You can call eight eight eight eight hundred eighteen eighty

690
00:38:51,360 --> 00:38:56,920
Speaker 4: one or email Kelly at Kellyfinancial dot org to schedule

691
00:38:57,080 --> 00:39:01,239
Speaker 4: a complementary appointment with one of our Kelly Financial advisors.

692
00:39:01,560 --> 00:39:04,000
Speaker 2: It's a conversation designed to help you think clearly about

693
00:39:04,000 --> 00:39:06,000
Speaker 2: your options without pressure.

694
00:39:05,840 --> 00:39:09,720
Speaker 4: Because the best decisions are rarely rushed and the most

695
00:39:09,719 --> 00:39:13,640
Speaker 4: successful transitions are planned, not forced.

696
00:39:14,040 --> 00:39:16,920
Speaker 2: When housing decisions are aligned with your overall plan, they

697
00:39:16,960 --> 00:39:19,600
Speaker 2: can bring clarity and confidence, not stress.

698
00:39:19,960 --> 00:39:20,840
Speaker 5: Stay with us.

699
00:39:21,200 --> 00:39:24,759
Speaker 4: We'll continue with more informative content to help you make

700
00:39:24,840 --> 00:39:29,440
Speaker 4: thoughtful decisions that support a strong and comfortable retirement.

701
00:39:33,239 --> 00:39:37,319
Speaker 3: Safe Money Strategies brought to you by Kelly Financial Services.

702
00:39:37,520 --> 00:39:41,319
Speaker 3: Call eight eight eight eight hundred eighteen eighty one or

703
00:39:41,400 --> 00:39:43,320
Speaker 3: visit Kellyfinancial dot org.

704
00:39:44,400 --> 00:39:46,719
Speaker 8: Welcome back to Safe Money Strategies on Mike You said

705
00:39:46,840 --> 00:39:49,719
Speaker 8: here with Greg Workman. Today, we're continuing our discussion on

706
00:39:49,760 --> 00:39:53,680
Speaker 8: what we call the twelve financial Principles for twenty twenty six.

707
00:39:54,120 --> 00:39:56,840
Speaker 6: These are the timeless principles that show up again and

708
00:39:56,880 --> 00:40:00,319
Speaker 6: again in successful financial outcomes, and many some of them

709
00:40:00,360 --> 00:40:04,680
Speaker 6: have been taught for decades by respected educators like Paul Merriman.

710
00:40:04,840 --> 00:40:07,799
Speaker 8: In the first half of the show, we covered spending discipline,

711
00:40:08,000 --> 00:40:13,440
Speaker 8: starting early automation, owning businesses, diversification, and the importance of

712
00:40:13,480 --> 00:40:14,560
Speaker 8: controlling costs.

713
00:40:14,760 --> 00:40:16,960
Speaker 6: Now we're moving into the principles that tend to matter

714
00:40:17,000 --> 00:40:21,040
Speaker 6: most when markets get uncomfortable, which is usually when investors

715
00:40:21,120 --> 00:40:24,279
Speaker 6: are most tempted to abandon them. Let's start with a

716
00:40:24,360 --> 00:40:28,640
Speaker 6: principle that's simple in theory but hard emotionally.

717
00:40:28,880 --> 00:40:30,320
Speaker 1: Risk in return are linked.

718
00:40:30,480 --> 00:40:35,239
Speaker 6: Higher expected returns require tolerating volatility, not avoiding it.

719
00:40:35,360 --> 00:40:38,000
Speaker 8: Many investors say they want growth, but what they really

720
00:40:38,080 --> 00:40:40,160
Speaker 8: want is growth without discomfort, and.

721
00:40:40,160 --> 00:40:43,960
Speaker 6: Markets don't offer that. Volatility isn't a flaw, it's the

722
00:40:44,000 --> 00:40:44,960
Speaker 6: price of admission.

723
00:40:45,080 --> 00:40:48,960
Speaker 8: This is something Paul Merriman has consistently emphasized. If you

724
00:40:49,040 --> 00:40:53,000
Speaker 8: want long term rewards, you must accept short term uncertainty.

725
00:40:53,080 --> 00:40:57,680
Speaker 6: Trying to remove all risk usually removes return along with it.

726
00:40:57,920 --> 00:41:01,200
Speaker 8: Principle eight is one that off the gets ignored. In

727
00:41:01,280 --> 00:41:03,440
Speaker 8: strong markets. Price matters.

728
00:41:03,719 --> 00:41:06,920
Speaker 1: Even great investments can be terrible buys at the wrong price.

729
00:41:07,040 --> 00:41:10,760
Speaker 6: When investors chase what's already gone up, they're often buying

730
00:41:10,920 --> 00:41:12,200
Speaker 6: future disappointment.

731
00:41:12,320 --> 00:41:15,280
Speaker 8: This is why discipline and rebalancing are so important.

732
00:41:15,400 --> 00:41:18,920
Speaker 6: Rebalancing forces you to trim what's expensive and add what's

733
00:41:18,960 --> 00:41:24,160
Speaker 6: temporarily out of favor, something most investors struggle to do. Emotionally.

734
00:41:24,280 --> 00:41:27,520
Speaker 8: If there's one thing history has proven, it's this markets

735
00:41:27,560 --> 00:41:30,880
Speaker 8: are unpredictable in the short run. If they weren't, they

736
00:41:30,880 --> 00:41:32,400
Speaker 8: wouldn't be long term rewards.

737
00:41:32,560 --> 00:41:37,080
Speaker 6: Short term uncertainty is exactly what creates long term opportunity.

738
00:41:37,440 --> 00:41:41,720
Speaker 6: The problem is that investors consume short term news while

739
00:41:41,800 --> 00:41:47,600
Speaker 6: expecting long term results, and that mismatch leads to overreaction,

740
00:41:48,280 --> 00:41:51,480
Speaker 6: second guessing, and unnecessary changes.

741
00:41:51,760 --> 00:41:55,200
Speaker 8: This might be the most expensive principle to ignore. Principal

742
00:41:55,280 --> 00:42:00,359
Speaker 8: number ten. Behavior determines outcomes. Most investors don't fail because

743
00:42:00,400 --> 00:42:05,000
Speaker 8: of bad markets. They fail because they panic, chase performance,

744
00:42:05,400 --> 00:42:09,040
Speaker 8: and quit. Fear and greed show up at exactly the

745
00:42:09,120 --> 00:42:13,000
Speaker 8: wrong times. Paul Merriman and other educators have long pointed

746
00:42:13,040 --> 00:42:17,719
Speaker 8: out that investor behavior, not portfolio design, is often the

747
00:42:17,760 --> 00:42:19,800
Speaker 8: biggest driver of success or failure.

748
00:42:20,000 --> 00:42:25,160
Speaker 6: A reasonable plan followed consistently beats a brilliant plan that

749
00:42:25,280 --> 00:42:26,160
Speaker 6: gets abandoned.

750
00:42:26,280 --> 00:42:30,319
Speaker 1: Principal eleven compounding is quiet, then explosive.

751
00:42:30,600 --> 00:42:32,880
Speaker 6: For a long time, it feels like nothing is happening.

752
00:42:33,000 --> 00:42:38,120
Speaker 6: Progress feels slow, results seem unimpressive, and that's when people

753
00:42:38,200 --> 00:42:41,839
Speaker 6: get discouraged or start tinkering with their investment mix.

754
00:42:42,000 --> 00:42:44,960
Speaker 8: But compounding doesn't move in a straight line. It's quiet

755
00:42:45,040 --> 00:42:47,640
Speaker 8: for years and then suddenly powerful.

756
00:42:47,840 --> 00:42:51,360
Speaker 6: Those who stay patient are the ones who experience the payoff.

757
00:42:51,560 --> 00:42:54,520
Speaker 8: The final principle might be the most important reminder of

758
00:42:54,560 --> 00:42:56,640
Speaker 8: all there are no shortcuts.

759
00:42:56,800 --> 00:43:01,120
Speaker 6: Anyone promising easy wealth is selling hope, not results.

760
00:43:01,360 --> 00:43:06,080
Speaker 8: Real wealth is built through discipline, diversification, patience, and time.

761
00:43:06,320 --> 00:43:10,360
Speaker 6: That message has been consistent across decades of market history

762
00:43:10,680 --> 00:43:14,560
Speaker 6: and reinforced by leading educators like Paul Merriman.

763
00:43:14,400 --> 00:43:17,520
Speaker 8: Greg Let's use a hypothetical example of an investor. Let's

764
00:43:17,520 --> 00:43:19,480
Speaker 8: call them Joe and Maria.

765
00:43:19,640 --> 00:43:23,760
Speaker 6: Joe and Maria were successful professionals. They earned a good income,

766
00:43:24,239 --> 00:43:29,680
Speaker 6: saved sporadically, and considered themselves knowledgeable investors.

767
00:43:29,200 --> 00:43:31,200
Speaker 1: But their portfolio told a different story.

768
00:43:31,280 --> 00:43:37,359
Speaker 6: They chased trends, held concentrated positions, reacted to headlines, and

769
00:43:37,760 --> 00:43:40,120
Speaker 6: constantly second guests themselves.

770
00:43:40,280 --> 00:43:43,279
Speaker 8: They weren't ignoring the principles intentionally, they just didn't have

771
00:43:43,320 --> 00:43:44,920
Speaker 8: a process keeping them aligned.

772
00:43:45,120 --> 00:43:48,759
Speaker 6: Once we stepped back and rebuilt their plan around these

773
00:43:48,880 --> 00:43:56,920
Speaker 6: core principles diversification, cost control, discipline, and behavior, everything changed.

774
00:43:57,080 --> 00:44:00,840
Speaker 1: Their stress level dropped, their confidence improved.

775
00:44:00,320 --> 00:44:03,520
Speaker 8: And ironically, they stopped worrying about the market even though

776
00:44:03,520 --> 00:44:05,799
Speaker 8: the market didn't become any more predictable.

777
00:44:06,000 --> 00:44:09,560
Speaker 6: That's the power of having a principles based plan.

778
00:44:09,840 --> 00:44:12,480
Speaker 8: These twelve principles aren't just ideas we talk about on

779
00:44:12,520 --> 00:44:16,760
Speaker 8: the radio. They're embedded into our Safe Money Strategies process.

780
00:44:16,920 --> 00:44:21,160
Speaker 6: Everything starts with helping clients understand where they stand today

781
00:44:21,400 --> 00:44:26,879
Speaker 6: and whether their current strategy actually aligns with these timeless principles.

782
00:44:27,120 --> 00:44:30,160
Speaker 1: We don't promise shortcuts, we don't chase predictions.

783
00:44:30,320 --> 00:44:33,440
Speaker 6: We focus on building a plan designed to work across

784
00:44:33,560 --> 00:44:38,480
Speaker 6: different market environments. If today's conversation resonated with you, the

785
00:44:38,560 --> 00:44:42,440
Speaker 6: next step is simple. We offer a complementary Safe Money

786
00:44:42,440 --> 00:44:46,160
Speaker 6: Strategies workbook that helps you evaluate whether your current approach

787
00:44:46,520 --> 00:44:50,400
Speaker 6: is built on these core principles or if gaps exist.

788
00:44:50,719 --> 00:44:54,640
Speaker 8: It's educational, pressure free, and design to bring clarity.

789
00:44:54,360 --> 00:44:58,000
Speaker 6: Because in twenty twenty six, successful investing won't come from

790
00:44:58,040 --> 00:45:01,640
Speaker 6: guessing the future. We believe will come from following the

791
00:45:01,719 --> 00:45:04,080
Speaker 6: principles that have worked for decades.

792
00:45:04,440 --> 00:45:07,040
Speaker 1: Thanks for listening to Safe Money Strategies. We'll see you

793
00:45:07,080 --> 00:45:13,640
Speaker 1: next week. I'm William Kelly Junior.

794
00:45:13,920 --> 00:45:16,000
Speaker 2: As we start a new year, many families are thinking

795
00:45:16,080 --> 00:45:19,120
Speaker 2: about fresh starts, not just financially, but how young people

796
00:45:19,160 --> 00:45:20,520
Speaker 2: prepare for what comes next.

797
00:45:21,120 --> 00:45:22,279
Speaker 1: I've had the unique.

798
00:45:21,960 --> 00:45:25,680
Speaker 2: Experience of growing up around real conversations with our clients, families,

799
00:45:25,840 --> 00:45:30,360
Speaker 2: parents and grandparents about money, responsibility, and long term thinking.

800
00:45:30,640 --> 00:45:33,120
Speaker 1: Not theory, real life. And it's important to.

801
00:45:33,040 --> 00:45:36,359
Speaker 2: Remember that all investing involves risk, including the potential loss

802
00:45:36,360 --> 00:45:39,319
Speaker 2: of principle, which is why habits, education, and.

803
00:45:39,280 --> 00:45:41,720
Speaker 1: Perspective matter so much from the start.

804
00:45:41,960 --> 00:45:44,480
Speaker 2: That's why I wrote Only the Good Investor on It's

805
00:45:44,520 --> 00:45:47,520
Speaker 2: a straightforward guide to the basics of money, habits and

806
00:45:47,600 --> 00:45:50,600
Speaker 2: decisions that matter over time. Whether you're a client, a

807
00:45:50,680 --> 00:45:53,480
Speaker 2: parent or grandparent, or someone just starting out. This is

808
00:45:53,560 --> 00:45:57,520
Speaker 2: meant to be practical, clear, and encouraging. We're offering complimentary

809
00:45:57,600 --> 00:46:01,319
Speaker 2: signed copies to our WRK listeners and clients. It's also

810
00:46:01,360 --> 00:46:04,880
Speaker 2: available on Amazon and softcover or Kindle. Call eight at

811
00:46:04,920 --> 00:46:07,600
Speaker 2: eight eight hundred and one or email Kelly at Kelly

812
00:46:07,680 --> 00:46:11,040
Speaker 2: Financial dot org. Good Habits Starter early Andy lost a

813
00:46:11,080 --> 00:46:13,440
Speaker 2: lifetime joining us.

814
00:46:13,400 --> 00:46:18,000
Speaker 7: Now as she always does at this time. She is

815
00:46:18,040 --> 00:46:23,680
Speaker 7: the co founder, CEO, and president of Kelly Financial Services,

816
00:46:24,120 --> 00:46:27,239
Speaker 7: and yes, that is her wonderful.

817
00:46:26,719 --> 00:46:32,680
Speaker 6: Name, Kelly Kelly Kelly. How are you.

818
00:46:33,360 --> 00:46:34,680
Speaker 5: Good morning, Jeff.

819
00:46:34,800 --> 00:46:35,640
Speaker 11: I am good.

820
00:46:36,040 --> 00:46:40,480
Speaker 4: More Americans are retiring in their fifties and early sixties,

821
00:46:40,680 --> 00:46:44,360
Speaker 4: and what many are realizing is that retirement today doesn't

822
00:46:44,400 --> 00:46:47,560
Speaker 4: look the way it used to. When retirement can last

823
00:46:47,600 --> 00:46:51,600
Speaker 4: thirty even forty years, the decisions you make early on

824
00:46:51,800 --> 00:46:56,719
Speaker 4: matter more than ever, especially around lifestyle, healthcare, and how

825
00:46:56,760 --> 00:47:00,760
Speaker 4: you think about your money. For many people, retire earlier

826
00:47:01,040 --> 00:47:05,520
Speaker 4: is a very deliberate choice. It's about time, help and

827
00:47:05,600 --> 00:47:08,600
Speaker 4: how they want to live while they're still active. But

828
00:47:08,640 --> 00:47:12,600
Speaker 4: it also means thinking differently about what comes next, because

829
00:47:12,640 --> 00:47:15,759
Speaker 4: this chapter of life may last longer than any other.

830
00:47:16,280 --> 00:47:20,959
Speaker 4: That's the perspective behind my investor publication, Retire Your Fear,

831
00:47:21,120 --> 00:47:25,160
Speaker 4: Plan Your Future. It's designed to help people better understand

832
00:47:25,280 --> 00:47:28,839
Speaker 4: the realities of a longer retirement and move into this

833
00:47:29,000 --> 00:47:33,160
Speaker 4: next chapter with more clarity and confidence. If you like

834
00:47:33,200 --> 00:47:36,480
Speaker 4: a copy, you can call us or email us at

835
00:47:36,600 --> 00:47:40,960
Speaker 4: Kelly at Kellyfinancial dot org. Jeff, have a wonderful weekend,

836
00:47:41,040 --> 00:47:42,840
Speaker 4: My best, Grace and the kiddos.

837
00:47:43,239 --> 00:47:46,040
Speaker 7: Thank you, Kelly, all the best to you and everyone

838
00:47:46,120 --> 00:47:49,800
Speaker 7: at Kelly Financial to get a free copy of that guide,

839
00:47:49,800 --> 00:47:51,560
Speaker 7: and I urge all of you if you can do

840
00:47:51,680 --> 00:47:56,319
Speaker 7: get it call now eight eighty eight hundred, eighteen eighty one.

841
00:47:56,840 --> 00:48:00,799
Speaker 7: Eight eighty eight eight hundred eighteen eighty one. You can

842
00:48:00,840 --> 00:48:06,479
Speaker 7: actually email Kelly herself personally Kelly at Kellyfinancial dot org.

843
00:48:06,920 --> 00:48:10,719
Speaker 7: That's Kelly Kelly Financial dot org.

844
00:48:16,680 --> 00:48:23,120
Speaker 3: Safe Money Strategies A eight eight hundred one eight eight one.

845
00:48:23,719 --> 00:48:26,880
Speaker 4: As we close this hour, we turn to a voice

846
00:48:26,880 --> 00:48:31,279
Speaker 4: that always brings perspective on money, on family, and on

847
00:48:31,400 --> 00:48:35,399
Speaker 4: the lessons that shape a lifetime. Bill Kelly reminds us

848
00:48:35,480 --> 00:48:41,239
Speaker 4: why retirement planning isn't just about numbers, but about values, responsibility,

849
00:48:41,480 --> 00:48:43,400
Speaker 4: and the world we're leaving behind.

850
00:48:43,880 --> 00:48:45,080
Speaker 5: Here's Bill Kelly.

851
00:48:47,080 --> 00:48:52,160
Speaker 10: You have paid Social Security taxes, as has your employer.

852
00:48:52,880 --> 00:48:55,799
Speaker 10: You have been putting money away every week for your

853
00:48:55,920 --> 00:48:59,600
Speaker 10: entire life. It's called withholding taxes, it's called social security,

854
00:48:59,680 --> 00:49:03,759
Speaker 10: it's called an IRA, and you've done that successfully. Now,

855
00:49:03,760 --> 00:49:06,399
Speaker 10: the money that went into the IRA you have control over.

856
00:49:06,440 --> 00:49:09,719
Speaker 10: Now you don't have custody of it, but you have

857
00:49:09,760 --> 00:49:13,000
Speaker 10: control over what's going to happen with it to some degree.

858
00:49:13,440 --> 00:49:16,680
Speaker 10: You have a required beginning date that means you have

859
00:49:16,760 --> 00:49:19,880
Speaker 10: to take the money out. That is when your MIRA

860
00:49:20,120 --> 00:49:23,680
Speaker 10: becomes an IOU to the irs, because you're going to

861
00:49:23,680 --> 00:49:26,359
Speaker 10: be taxed on that, So then you have to start

862
00:49:26,400 --> 00:49:30,040
Speaker 10: thinking about the tax man again. Now, the promise to

863
00:49:30,080 --> 00:49:32,440
Speaker 10: you was put the money away now when your taxes

864
00:49:32,480 --> 00:49:35,080
Speaker 10: are high, and take the money out later when your

865
00:49:35,120 --> 00:49:37,480
Speaker 10: taxes are what lower, you're going to be at a

866
00:49:37,520 --> 00:49:40,840
Speaker 10: lower bracket. The only problem with that scenario, which began

867
00:49:40,920 --> 00:49:44,680
Speaker 10: back in nineteen seventy four, is taxes have gone up

868
00:49:44,800 --> 00:49:47,920
Speaker 10: on one generation of people in this country more than

869
00:49:47,920 --> 00:49:50,720
Speaker 10: any other in the past thirty years, and it's people

870
00:49:50,760 --> 00:49:53,560
Speaker 10: over the age of sixty five. So it's kind of

871
00:49:53,600 --> 00:49:56,359
Speaker 10: a false promise take the money out later on when

872
00:49:56,440 --> 00:50:00,799
Speaker 10: your taxes are lower, because they're not, especially if you

873
00:50:00,880 --> 00:50:04,719
Speaker 10: have retirement incomes, two social securities, and you have to

874
00:50:04,760 --> 00:50:08,200
Speaker 10: take your IRA distributions. It can be a lot of

875
00:50:08,239 --> 00:50:11,239
Speaker 10: money having to be withdrawn, and it can be a

876
00:50:11,280 --> 00:50:14,960
Speaker 10: lot of taxes. Next. They decided to tax Social Security

877
00:50:15,000 --> 00:50:19,560
Speaker 10: in nineteen eighty three. In nineteen ninety two, they decided

878
00:50:19,560 --> 00:50:22,160
Speaker 10: that we're going to tax social Security. That's kind of

879
00:50:22,200 --> 00:50:26,520
Speaker 10: another little fib which President Roosevelt sort of said when

880
00:50:26,560 --> 00:50:29,960
Speaker 10: he signed the bill for Social Security in nineteen thirty six.

881
00:50:30,280 --> 00:50:33,879
Speaker 10: What he said was, we will never tax social Security.

882
00:50:34,280 --> 00:50:37,600
Speaker 10: It is a trust fund of money that has already

883
00:50:37,640 --> 00:50:40,719
Speaker 10: been taxed, and it is there for the welfare of

884
00:50:40,880 --> 00:50:44,600
Speaker 10: seniors and folks for their final years of living. We

885
00:50:44,680 --> 00:50:48,640
Speaker 10: will never tax Social Security in my lifetime. So what

886
00:50:48,760 --> 00:50:52,640
Speaker 10: happened to President Roosevelt. He passed away, so we're not

887
00:50:52,719 --> 00:50:56,080
Speaker 10: taxing it in his lifetime anymore, and we never did, actually,

888
00:50:56,320 --> 00:50:58,759
Speaker 10: So there's a lot of things to consider, ladies and

889
00:50:58,760 --> 00:51:02,800
Speaker 10: gentlemen when you think about the retirement puzzle, and how

890
00:51:02,880 --> 00:51:05,200
Speaker 10: is that puzzle going to come together for you? Ladies

891
00:51:05,200 --> 00:51:07,279
Speaker 10: and gentlemen, that's what you need to think about. You

892
00:51:07,320 --> 00:51:10,120
Speaker 10: have to think about you, if you have someone near

893
00:51:10,160 --> 00:51:12,520
Speaker 10: and dear to you, if you have a family. Watching

894
00:51:12,600 --> 00:51:15,560
Speaker 10: my son actually play for the first time on his

895
00:51:15,680 --> 00:51:21,320
Speaker 10: own alone with complex toys, little wooden trains and enjoying

896
00:51:21,360 --> 00:51:24,960
Speaker 10: it and being occupied and preoccupied, it was just a

897
00:51:25,000 --> 00:51:29,200
Speaker 10: tremendous miracle. And yes, I am very optimistic. I can't

898
00:51:29,239 --> 00:51:31,520
Speaker 10: tell you how optimistic I am because of the kids

899
00:51:31,560 --> 00:51:34,200
Speaker 10: I see and what my daughter does in school, what

900
00:51:34,320 --> 00:51:38,160
Speaker 10: they come home with, the values of the teachers are incredible.

901
00:51:38,520 --> 00:51:42,880
Speaker 10: We are experiencing some of the best teaching practices in

902
00:51:42,920 --> 00:51:46,200
Speaker 10: my family that I've ever come in contact with, and

903
00:51:46,280 --> 00:51:48,719
Speaker 10: I've been in classes most of my life. We have

904
00:51:48,800 --> 00:51:52,239
Speaker 10: to go to classes to continue education for what I

905
00:51:52,280 --> 00:51:56,040
Speaker 10: do for a living. I was an engineer with McDonald Douglas.

906
00:51:56,120 --> 00:51:59,400
Speaker 10: I used to teach back in the late seventies early eighties.

907
00:51:59,680 --> 00:52:03,440
Speaker 10: I studied the F fifteens back in the seventies in

908
00:52:03,560 --> 00:52:06,840
Speaker 10: order to do flight simulation. So I've had a lot

909
00:52:06,920 --> 00:52:10,160
Speaker 10: of class work in my life. I'm telling you there's

910
00:52:10,160 --> 00:52:13,000
Speaker 10: a new value in what we're teaching the kids. I

911
00:52:13,040 --> 00:52:16,160
Speaker 10: think that testing of teachers has work given them a

912
00:52:16,320 --> 00:52:19,399
Speaker 10: new responsibility, and I think that our teachers are doing

913
00:52:19,400 --> 00:52:22,279
Speaker 10: a tremendous job with that. The kids are learning to

914
00:52:22,280 --> 00:52:25,520
Speaker 10: be team players. If there's a bully, they let the

915
00:52:25,520 --> 00:52:29,880
Speaker 10: teachers know it gets handled. Safety is paramount. Kids are precious.

916
00:52:30,239 --> 00:52:33,440
Speaker 10: We're protecting them. Yes, we have different problems now. When

917
00:52:33,520 --> 00:52:37,040
Speaker 10: I was seven years old, I would come home from

918
00:52:37,080 --> 00:52:40,200
Speaker 10: school in the bus. It would drop me off about

919
00:52:40,239 --> 00:52:43,040
Speaker 10: three quarters of a mile from my house. Now, on

920
00:52:43,080 --> 00:52:45,719
Speaker 10: a Friday night, it would practically be dark by the

921
00:52:45,719 --> 00:52:47,960
Speaker 10: time I get home from school and I would get

922
00:52:48,000 --> 00:52:50,400
Speaker 10: into the house where lived on a chicken farm, and

923
00:52:50,480 --> 00:52:53,040
Speaker 10: Friday nights we had eggs la tuna, and sometimes we

924
00:52:53,080 --> 00:52:55,759
Speaker 10: had waffles with that, and my grandfather would make the

925
00:52:55,880 --> 00:52:59,359
Speaker 10: waffles on a big waffle iron. And we didn't meet

926
00:52:59,360 --> 00:53:01,839
Speaker 10: on Friday, believe it or not. Then I would eat

927
00:53:01,840 --> 00:53:04,080
Speaker 10: my dinner and pack a couple of waffles in a

928
00:53:04,120 --> 00:53:07,520
Speaker 10: paper bag, put that in my green army knapsack, and

929
00:53:07,560 --> 00:53:10,160
Speaker 10: it would be six o'clock at night, pitch black. I'd

930
00:53:10,200 --> 00:53:12,640
Speaker 10: head out the back door, walk up the back lot

931
00:53:12,760 --> 00:53:16,880
Speaker 10: through about three different fields, about seven acres each. I

932
00:53:16,880 --> 00:53:19,840
Speaker 10: would go through about ten different backyards that I knew.

933
00:53:20,160 --> 00:53:21,920
Speaker 10: At the end of that field, I would hit a

934
00:53:22,000 --> 00:53:25,200
Speaker 10: road named Third Beach Road. I would scoot through about

935
00:53:25,239 --> 00:53:28,200
Speaker 10: four more backyards, get to the other side of Third

936
00:53:28,200 --> 00:53:30,439
Speaker 10: Beach Road where it met Indian Owl, and there would

937
00:53:30,440 --> 00:53:33,280
Speaker 10: be Indian Avenue and there would be the boys Club.

938
00:53:33,520 --> 00:53:35,840
Speaker 10: And I'd go up to the boys Club. Jackie Mellow

939
00:53:35,920 --> 00:53:38,040
Speaker 10: and John Mellow would be there. All the kids would

940
00:53:38,040 --> 00:53:41,760
Speaker 10: be gathered around. We'd be either boxing, we'd be learning electronics,

941
00:53:41,800 --> 00:53:45,000
Speaker 10: we'd be reading books, listening to records. And then at

942
00:53:45,120 --> 00:53:47,160
Speaker 10: nine o'clock the ball at the boys Club would go

943
00:53:47,239 --> 00:53:50,360
Speaker 10: off and everyone left. We walked home. I went in

944
00:53:50,480 --> 00:53:53,080
Speaker 10: reverse through the people's yards. Their lights would be on,

945
00:53:53,400 --> 00:53:55,360
Speaker 10: it would be cold, it would be winter. I'd have

946
00:53:55,440 --> 00:53:58,000
Speaker 10: on my hats. I'd walk through their yards. I'd walk

947
00:53:58,080 --> 00:54:01,839
Speaker 10: across the third Beach Road, go down the lane, through

948
00:54:01,880 --> 00:54:05,279
Speaker 10: the yards, through the final fields, and back to my farmhouse.

949
00:54:05,640 --> 00:54:09,600
Speaker 10: That is unimaginable, ladies and gentlemen nowadays for that to

950
00:54:09,719 --> 00:54:11,920
Speaker 10: be able to happen. First of all, I get arrested

951
00:54:11,920 --> 00:54:14,520
Speaker 10: for walking through the people's yards. Second of all, there's

952
00:54:14,520 --> 00:54:18,200
Speaker 10: no boys club there anymore. Thirdly, if a child set

953
00:54:18,200 --> 00:54:20,239
Speaker 10: out for that type of a walk in the dark

954
00:54:20,280 --> 00:54:22,839
Speaker 10: at nine o'clock on a Friday night, they'd never make

955
00:54:22,880 --> 00:54:25,279
Speaker 10: it home. So things are very different. I had a

956
00:54:25,280 --> 00:54:28,520
Speaker 10: paper route. Friday nights was my collection night. I'd go

957
00:54:28,560 --> 00:54:31,000
Speaker 10: to the people's homes in the cold of winter. They

958
00:54:31,000 --> 00:54:34,359
Speaker 10: would offer me hot cider, hot chocolate. If I got

959
00:54:34,400 --> 00:54:36,959
Speaker 10: caught in a blizzard, they'd give me pokers, the old

960
00:54:37,000 --> 00:54:39,840
Speaker 10: fashioned green parkers to where till I got home. We

961
00:54:39,920 --> 00:54:42,440
Speaker 10: knew every customer on my route. I could walk my

962
00:54:42,520 --> 00:54:46,040
Speaker 10: paper out again tomorrow and I would know every customer

963
00:54:46,080 --> 00:54:49,400
Speaker 10: I had. It was an amazing experience. You just don't

964
00:54:49,400 --> 00:54:51,880
Speaker 10: see a paper boy or a paper girl out there anymore.

965
00:54:52,000 --> 00:54:55,440
Speaker 10: That paper route got passed through my family. My oldest

966
00:54:55,440 --> 00:54:57,920
Speaker 10: brother had it went to my second oldest brother, my

967
00:54:58,000 --> 00:55:00,480
Speaker 10: brother Michael. Then I got the paper room, and that's

968
00:55:00,520 --> 00:55:02,359
Speaker 10: how it worked, and then we passed it on to

969
00:55:02,400 --> 00:55:05,560
Speaker 10: someone else. We learned to meet people. I learned what

970
00:55:05,600 --> 00:55:08,480
Speaker 10: it was like to see different people's homes. I learned

971
00:55:08,520 --> 00:55:11,600
Speaker 10: what it was like to have to click money to

972
00:55:11,760 --> 00:55:14,560
Speaker 10: make a profit, to pay money. Every Saturday morning we

973
00:55:14,640 --> 00:55:16,800
Speaker 10: had to walk down in an alley. We'd have to

974
00:55:16,880 --> 00:55:19,719
Speaker 10: dump out our change into a machine in line with

975
00:55:19,800 --> 00:55:22,239
Speaker 10: all the paper boys, and the man would look at

976
00:55:22,280 --> 00:55:24,839
Speaker 10: us very sternly, and we would have to find out

977
00:55:24,960 --> 00:55:27,160
Speaker 10: if we had enough money in our bag, if we

978
00:55:27,200 --> 00:55:29,319
Speaker 10: had the right amount, if it was paid, if we

979
00:55:29,360 --> 00:55:32,600
Speaker 10: owed some more. Then we would visit the woman, missus Ryan,

980
00:55:32,880 --> 00:55:35,120
Speaker 10: up at the office. After we paid our bill and

981
00:55:35,160 --> 00:55:37,279
Speaker 10: got a receipt, we'd give it to her and then

982
00:55:37,280 --> 00:55:39,640
Speaker 10: she would give us a pink slip from some customers

983
00:55:39,640 --> 00:55:42,480
Speaker 10: that had a complaint, a yellow slip which meant a

984
00:55:42,840 --> 00:55:45,640
Speaker 10: cancelation of a client or what we would call a

985
00:55:45,680 --> 00:55:49,359
Speaker 10: customer back then subscriber, or a green slip, which meant

986
00:55:49,400 --> 00:55:51,960
Speaker 10: someone was signing up to get their paper. So the

987
00:55:52,000 --> 00:55:54,960
Speaker 10: paper was seven cents, Our profit was two and three

988
00:55:55,040 --> 00:55:58,000
Speaker 10: quarter cents, and we paid the newspaper for and a

989
00:55:58,080 --> 00:56:01,399
Speaker 10: quarter cents, I believe. So that's and we calculated it up.

990
00:56:01,760 --> 00:56:03,960
Speaker 10: And if I got home someone didn't get their paper,

991
00:56:04,000 --> 00:56:06,239
Speaker 10: they called my grandfather and he made sure they got

992
00:56:06,280 --> 00:56:09,000
Speaker 10: it now, or if there was a problem, he would

993
00:56:09,200 --> 00:56:11,439
Speaker 10: make sure he got to the bottom of it. Help

994
00:56:11,520 --> 00:56:13,880
Speaker 10: me count the money, and that's what we did. That

995
00:56:14,040 --> 00:56:17,359
Speaker 10: was great up until about nineteen sixty two sixty three

996
00:56:17,719 --> 00:56:20,600
Speaker 10: when reality started to set in for me and for

997
00:56:20,640 --> 00:56:21,640
Speaker 10: this country.

998
00:56:25,520 --> 00:56:25,640
Speaker 2: Well.

999
00:56:25,680 --> 00:56:30,560
Speaker 3: Cole Kelly Financial Services eight eight hundred eighteen eighty one.

1000
00:56:30,840 --> 00:56:33,120
Speaker 5: I'm Kelly Kelly from Kelly Financial.

1001
00:56:33,320 --> 00:56:37,560
Speaker 4: Whether you're in your sixties, seventies or eighties, financial advice

1002
00:56:37,760 --> 00:56:40,680
Speaker 4: is important when it comes to preserving your nest egg.

1003
00:56:40,840 --> 00:56:44,240
Speaker 4: We have a free investor guide called designing your Fiscal

1004
00:56:44,320 --> 00:56:48,000
Speaker 4: House to Weather the Elements, which highlights the steps needed

1005
00:56:48,000 --> 00:56:51,600
Speaker 4: to build a balance portfolio. For the guide, call eight

1006
00:56:51,640 --> 00:56:55,240
Speaker 4: eight eight eight hundred eighteen eighty one or email Kelly

1007
00:56:55,280 --> 00:56:57,320
Speaker 4: at Kellyfinancial dot org.

1008
00:56:57,560 --> 00:56:58,880
Speaker 5: We're Kelly Financial.

1009
00:56:59,120 --> 00:57:04,279
Speaker 3: Come retire thus save money strategies with William Kelly and

1010
00:57:04,480 --> 00:57:07,759
Speaker 3: Kelly Kelly go to kellyfinancial dot org.