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Speaker 1: This is coming to us, so.

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

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

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

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Speaker 1: And practical advice.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Speaker 2: eight eight hundred one eight eight one.

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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: hundred eighteen eighty one.

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

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

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

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

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

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

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

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

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

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Speaker 1: Good morning Mom. How are you?

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Speaker 4: I'm doing great? How about yourself?

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Speaker 2: Fantastic? It was a wonderful Christmas time, as we spoke

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Speaker 2: about last weekend, and we also had a wonderful New Year,

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Speaker 2: didn't we?

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Speaker 4: We certainly did. I can't believe as twenty twenty six, neither.

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Speaker 2: And Louie Lily was over and she stayed and her

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Speaker 2: mom abandoned her.

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Speaker 4: Oh stop it, William.

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Speaker 1: She went to some place where Does she go?

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Speaker 4: Arizona?

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Speaker 2: Arizona with Timmy? And I'm sure they had a wonderful time.

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Speaker 4: Actually she returns today, does she? Yes?

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Speaker 2: I didn't even know that. Yes, that's great. Sorry, my sister.

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Speaker 2: She just travels like every single weekend. It feels like

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Speaker 2: it's like she's going to Japan, to Italy.

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Speaker 1: To Greece.

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Speaker 2: It's like we never see her. It's almost like she

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Speaker 2: doesn't love her family.

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Speaker 4: Time to stop at, William. But she does love us.

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Speaker 4: She's a little travel.

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Speaker 2: Bu You know, we forgive her, obviously, and you know

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Speaker 2: we turned the other cheek to that, and we just say,

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Speaker 2: Mary Mandlin, we forgive you, and we hope that you

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Speaker 2: know you'll love us one day and her dog is amazing.

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Speaker 2: It was like a double wind. It's like Mary Madaline

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Speaker 2: got to go and we got.

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Speaker 1: All a Mellie to us.

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Speaker 4: So Melly is adorable.

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Speaker 2: She's perfect. She's a perfect puppy.

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Speaker 4: She fits him with Marshall and Georgia.

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Speaker 2: She loves her brother and sister. Mellie does a fantastic job.

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Speaker 2: She's super she's a great guest, super curious. A couple

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Speaker 2: you know, potty accidents here and there, but you know

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Speaker 2: what happens. True, she's only a baby, so you know

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Speaker 2: she can't help that.

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Speaker 4: But at least we have the equipment to get it up.

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Speaker 1: True.

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Speaker 2: And she's got a good attitude, you know. She makes

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Speaker 2: her stay worthwhile.

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Speaker 4: She travels with Georgia to playgroup twice a week week.

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Speaker 1: Yes she does. She goes on walks.

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Speaker 2: She's just always grateful, never complains. Mellie never complains. Georgia

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Speaker 2: complains a little bit sometimes. Marshall, he's got a little

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Speaker 2: complain in going on. But Mellie never complains, never fusses.

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Speaker 2: I think we could all learn a lot from Melly.

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Speaker 4: I hear she's the star of the show. What playgroups.

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Speaker 1: She is.

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Speaker 4: Everyone loves her, all the dogs love.

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Speaker 1: Her, and she plays at the ball.

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Speaker 2: But she's not as aggressive as Georgia, so nobody gets

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Speaker 2: mad at her. Her friends at playgroup respond really well

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Speaker 2: to that. True, So she's doing good.

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Speaker 1: That's right.

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Speaker 2: Thanks for entrusting us with your daughter.

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Speaker 4: I love it.

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Speaker 2: It was I love it. So we got hammered on

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Speaker 2: New Year's Day, Mom and I we just we were

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Speaker 2: drinking so much.

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Speaker 4: William blasted, where did this come from?

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Speaker 1: I'm kid. We had a nice dinner. We had a

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Speaker 1: great New Year's I.

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Speaker 4: Know, in New Year's Eve. We even we went to

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Speaker 4: Bullfrog Fit.

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Speaker 1: We did, That's correct, We even.

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Speaker 4: Went on Christmas Day.

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Speaker 1: I know, right, Yeah, I'm shocked.

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Speaker 2: But like we ate so much processed food that day

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Speaker 2: and chocolate and stuff.

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Speaker 1: Oh really we got it was worth it though. It

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Speaker 1: was good. That was awesome.

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Speaker 4: It was good food, but then the candy and chocolate

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Speaker 4: between was not not good.

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Speaker 2: A lot funny, A lot of the folks that I

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Speaker 2: know at the gym, proud of the folks there were.

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Speaker 1: We're so funny.

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Speaker 2: They're they're saying the same thing, like I ate so

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Speaker 2: much processed food today and I'm just like, yeah, this

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Speaker 2: is why.

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Speaker 1: Why we're here too, and.

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Speaker 4: When you trained me my first stay there I did.

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Speaker 1: That's right, ladies and gentlemen.

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Speaker 2: Mom did a great job, Thank you, William. He's great

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Speaker 2: at working out, honestly, for someone who is who hasn't

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Speaker 2: gone to like a commercial gym with a bunch of

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Speaker 2: machines in a long time, and someone who's not really

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Speaker 2: familiar with.

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Speaker 4: It in many, many years.

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Speaker 2: Yeah, it's you're active, but you haven't gone to a gym,

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Speaker 2: you know what I mean. You know I am active,

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Speaker 2: So she hasn't used like exercise machines, she's not familiar

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Speaker 2: with it.

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Speaker 4: I can't leave how much they've advanced.

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Speaker 1: They have a lot, and a lot of them are old.

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Speaker 1: Some of the old ones are gold.

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Speaker 2: I'll have to say that Mom did a fantastic job.

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Speaker 2: Very low learning curve for you, which is very thank

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Speaker 2: you William.

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Speaker 4: You were very serious and you did like if I

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Speaker 4: had to give you a grade, the grade would be

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Speaker 4: an A wow, that's huge. You really you were good.

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Speaker 4: You were excellent. Made it easy I appreciate even though

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Speaker 4: it was not easy, but you are very you. The

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Speaker 4: way you described what I needed to do was that

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Speaker 4: it's easy to comprehend and do it, and you motivated me,

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Speaker 4: and I like how you count?

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Speaker 2: How do I count?

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Speaker 4: Well, you break it into fives typically, and then it's backwards,

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Speaker 4: you know, like if there are five more reps, then

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Speaker 4: you know whatever, you switch it up as never the same,

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Speaker 4: so I don't feel like I'm doing as many as

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Speaker 4: I am.

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Speaker 1: That's the secret.

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Speaker 4: Because if I like, like, certain machines are a little

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Speaker 4: bit harder, you know, So when you tell me the

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Speaker 4: number I have to do, I'm thinking, like when I'm

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Speaker 4: into two, and I'm thinking, oh my gosh, like if

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Speaker 4: I if we went straight through it, I don't know,

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Speaker 4: it would be harder for me.

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Speaker 2: It's more it's all psychological.

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Speaker 4: It certainly is.

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Speaker 2: Yeah, that's one of the best bodybuilders of all time.

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Speaker 2: Tom Platts had huge legs. Ladies and gentlemen, look them up.

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Speaker 2: Tom Platts P.

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Speaker 4: L A.

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Speaker 2: T Z. He squatted five hundred and twelve pounds for

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Speaker 2: thirty something reps.

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Speaker 1: And this guy went in a row consistently.

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Speaker 5: William, this guy's strong, and this gentleman he came up

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Speaker 5: with accounting for fives thing that was That was his

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Speaker 5: kind of part of his claim to fame, and it

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Speaker 5: works if you have really high reps and really heavy

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Speaker 5: weight going on and it's like really stressing you out,

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Speaker 5: just do it in fives.

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Speaker 2: Just doing it fives and it helps so much. So

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Speaker 2: when you need that little cycle, other little tricks, you

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Speaker 2: know what I mean. And then if Mom, if I

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Speaker 2: see she's you know, she's a little too happy.

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Speaker 1: I see a smile on her.

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Speaker 2: Face, I put my hand on the weight and push

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Speaker 2: it down, yeah a little bit.

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Speaker 1: Yeah, because she needs challenge.

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Speaker 2: We're here to challenge ourselves and not.

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Speaker 1: Not getting easy work out.

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Speaker 2: And Mom, whenever she says, man, this is hard, that

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Speaker 2: means I'm doing the right thing.

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Speaker 4: There was one machine that you thought was on a

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Speaker 4: lighter weight and I'm like, dying, Yeah, hamstring curl, Yeah,

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Speaker 4: I'm thinking there's a little must have weak hamstrings.

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Speaker 1: I'm thinking too.

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Speaker 2: And I load it or I look at it and

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Speaker 2: there's this little knob on there where you can microload it.

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Speaker 2: You can hah like five, ten, fifteen pounds and you

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Speaker 2: can twist it to choose which one. And it was

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Speaker 2: on the weight itself was on thirty pounds, but the

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Speaker 2: little microloader was on fifteen. So it's forty five pounds,

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Speaker 2: and I was thinking, I.

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Speaker 4: Kept saying, this feels like fifty pounds, so that I

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Speaker 4: could do it. But it just for the first time,

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Speaker 4: it felt a little yeah, you know, like maybe a

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Speaker 4: little little.

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Speaker 2: Hamstrings are pretty equally strong, which is a good sign.

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Speaker 1: Means you have a well balanced leg.

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Speaker 2: I think my preschool teacher who is now a trainer

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Speaker 2: who's going to train you. He's a fantastic trainer. She's

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Speaker 2: a strong woman, she's very knowledgeable, she's great with clients,

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Speaker 2: and she's close.

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Speaker 1: To age with my mom. Yeah, so they're both I

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Speaker 1: think thirty years old. Yes, yes, and they'll be training.

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Speaker 4: Just past twenty nine. I know, just past thirty nine.

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Speaker 4: I stayed at thirty nine for years when you were younger.

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Speaker 2: Because little kids, they'll tell you the age.

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Speaker 4: Oh to everyone at school. So I knew it with

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Speaker 4: Mary Madaline, so with you, I just, you know, always

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Speaker 4: said thirty nine, and then I finally turned forty.

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Speaker 1: It's funny, it's good with that. It's really funny.

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Speaker 2: How many credit cards do your parents have, How old

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Speaker 2: are they, how much do they weigh? That's another thing

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Speaker 2: you would be careful about.

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Speaker 4: Yeah, you guys talk about how much your parents weigh yes.

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Speaker 1: Yes, wow, how old you were. I remember kids would

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Speaker 1: be like, well the.

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Speaker 4: Way thing was it like the bigger the number, the better.

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Speaker 2: I suppose that's probably all kids would think.

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Speaker 4: And with credit cards, the more credit cards the better.

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Speaker 1: I suppose.

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Speaker 2: I remember one girl was like, my dad is you know,

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Speaker 2: he's a firefighter.

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Speaker 1: You know what I mean.

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Speaker 2: It's like you're bragging on what your parents do. Yeah,

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Speaker 2: it's brutal, it's competitive, it's scary, you know what I mean.

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Speaker 4: Yeah, so we're talking was this kindergarten first grade?

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Speaker 2: Kindergarten first grade, and the second grade kind of goes

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Speaker 2: away immature.

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Speaker 4: It's been so long now it's hard to remove.

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Speaker 2: You talk about more mature topics like dinosaurs and math

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Speaker 2: and stuff.

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Speaker 1: So you upgrade a bet at that time too cute.

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Speaker 1: Oh yeah, well I think that's all we have to

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Speaker 1: talk about today.

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Speaker 2: It was really a simple time, and I think we

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Speaker 2: had a one of the most successful Christmases that we've

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Speaker 2: had in a long time. It was nice twenty twenty five.

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Speaker 2: It was just such a wonderful year. We got a

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Speaker 2: lot done.

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Speaker 6: We did.

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Speaker 1: I would say it's probably the best year I've ever had.

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Speaker 4: Shoot you became an author.

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Speaker 1: Yeah, I wrote a book, started some companies. I got

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Speaker 1: a lot of work done.

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Speaker 4: Yes, yes, you start in the college exactly. College will

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Speaker 4: begin Briant University.

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Speaker 1: If you guys want to very.

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Speaker 4: Come over and say, well, we'll give you a tour.

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Speaker 1: I will. I'm so excited to go to this school.

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Speaker 2: It's a actually quite a conservative school, believe it or not,

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Speaker 2: from what I've heard.

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Speaker 1: I know a gentleman who works for Turning Point USA.

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Speaker 2: He's a friend of a friend, and he said whenever

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Speaker 2: he went to Bryant to start a chapter, and you know,

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Speaker 2: it's rigorous in the Northeast because schools are extremely liberal,

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Speaker 2: like not like liberal, but I mean like like left

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Speaker 2: wing to the point of like, okay, this.

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Speaker 1: Is anarchy, you know what I mean.

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Speaker 2: Like it's bad, not like a normal like Kennedy Democrat

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Speaker 2: type of liberal.

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Speaker 1: But I digress.

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Speaker 2: He goes to Bryant, sets up a chapter and like

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Speaker 2: within the first day, gets two hundred kids, wow to

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Speaker 2: sign up.

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Speaker 4: Incredible.

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Speaker 2: Truly is they're just a business focused school. Not even

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Speaker 2: that they're political. They really aren't that political. So what

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Speaker 2: I mean by conservative is that they're not really political

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Speaker 2: and they're just such a business focused school and all

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Speaker 2: they care about is, you know, like career. It's it's

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Speaker 2: incredible to find a college like that. I feel like

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Speaker 2: our money's not being wasted. They also gave me a

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Speaker 2: scholarship with which.

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Speaker 1: Helps a lot as well.

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Speaker 2: I was, you know, very awesome to see that true,

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Speaker 2: and hopefully they'll have a lot of opportunity there. I'm

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Speaker 2: looking forward to making, you know, some some connections and

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Speaker 2: meeting a lot of people with similar interests.

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Speaker 4: And absolutely it'll be a good time.

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Speaker 1: Yeah.

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Speaker 4: Yeah, And we'll still connect on Saturdays for for hour forever.

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Speaker 1: Ye still.

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Speaker 2: And luckily for freshmen, you're typically not allowed to park

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Speaker 2: unless you have a job, and so I'll be able

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Speaker 2: to drive back to the studio.

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Speaker 4: We definitely have a job.

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Speaker 1: Well, yeah, that's true.

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Speaker 2: And I'll be partying so much stock. I'll just be

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Speaker 2: partying my days away. I'll just I'll never do such

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Speaker 2: a joke.

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Speaker 1: Start.

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Speaker 2: I want to have a well, I have to have

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Speaker 2: over a two point six to keep my scholarship, so

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Speaker 2: I'll have a two points.

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Speaker 4: So you can handle that, how about that? You can

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Speaker 4: of course handle that, So.

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Speaker 1: No doubt they are happy New Year, Happy gentlemen.

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Speaker 2: Get your new year's resolutions in gear.

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Speaker 4: Yes, baby, do keep us on your dial. We've got

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Speaker 4: a lot of great content coming your way. Mike do

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Speaker 4: Said and Greg Workman will walk through why January is

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Speaker 4: a natural time to step back, get organize, and start

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Speaker 4: with a real retirement plan, not just investments. Mary, Madeline

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Speaker 4: Kelly and Greg Murray will explain why the first ninety

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Speaker 4: days of the year matter most and how a few

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Speaker 4: early decisions can set the tone for your entire financial year.

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Speaker 4: When William and I come back, we'll talk about designing

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Speaker 4: retirement income and lifestyle with flexibility so you can move

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Speaker 4: forward with greater confidence in a longer retirement. And of

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Speaker 4: course we'll close the hour with some wit and wisdom

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Speaker 4: from the late Bill Kelly. His words continue to inspire

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Speaker 4: and guide us. That's a wrap for forever young. Thank

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Speaker 4: you for listening, William, thank you for joining me. We'll

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Speaker 4: be back with more great content. I love you, honey,

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Speaker 4: he love you too, and you are.

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Speaker 7: If you're looking for the perfect gift for a young

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Speaker 7: person in your.

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Speaker 1: Life, 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. This book is powerful. It gives teenagers called

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Speaker 7: students young adults the roadmap they need to start saving,

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Speaker 7: planning and investing the right way. And I'll tell you

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Speaker 7: even people my age, yes and I'm fifty six are

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Speaker 7: reading it. William actually quotes me the Coooner Man in

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Speaker 7: the book. I'm in the book. So you can grab

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Speaker 7: your copy right now on Amazon. Just search only the

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Speaker 7: Good invest Young, and if you're part of Kooner Country

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00:15:38,640 --> 00:15:42,600
Speaker 7: you can get a copy absolutely free. Just tell them

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Speaker 7: the kooner Man sent you and called eight eight eight

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Speaker 7: eight hundred eighteen eighty one or email Kelly at Kellyfinancial

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Speaker 7: dot org. Only the Good invest Young get it today.

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Speaker 8: Hello, and welcome to the first Safe Money's Strategy's show

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Speaker 8: of the new year.

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Speaker 6: I'm liked you said, and I'm Greg Workman. Thank you

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Speaker 6: for joining us today.

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Speaker 8: Greg, there's something about the first weekend of January that

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Speaker 8: feels different.

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Speaker 6: It really does. It's a natural reset point.

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Speaker 8: People start thinking about fresh starts, new routines, and getting organized,

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Speaker 8: especially when it comes to their finances.

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Speaker 6: And that's exactly what we want to talk about today.

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Speaker 8: January is when people tend to say this is the

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Speaker 8: year I finally get my financial plan in.

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Speaker 6: Order, And usually that thought is triggered by one of

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Speaker 6: two things.

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Speaker 8: Either they're coming off a strong market year and wondering

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Speaker 8: if they should make changes.

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Speaker 6: Or they're feeling uncertain and want more clarity and confidence

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Speaker 6: moving forward.

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Speaker 8: What we see all the time is people jumping straight

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Speaker 8: to the investment conversation what.

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Speaker 6: Should I do with my money? Should I move this?

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Speaker 6: Should I change that?

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Speaker 8: But that's not where a good retirement plan actually starts.

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Speaker 6: One of the things that really differentiates our approach is

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Speaker 6: that we don't begin with investments.

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Speaker 1: We begin with people.

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Speaker 6: And the first step in our process is a simple conversation.

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Speaker 8: It's not technical, it's not intimidating, and it's not about

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Speaker 8: selling anything.

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Speaker 6: It's a high level conversation designed to gather some basic

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Speaker 6: personal information.

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Speaker 8: Things like goals, timelines, family considerations, and what retirement is

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Speaker 8: supposed to look like for you.

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Speaker 6: That conversation helps us determine whether it makes sense to

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Speaker 6: move forward.

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Speaker 1: A lot of.

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Speaker 8: People are surprised by how important that initial discussion is.

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Speaker 6: Because before we ever talk about numbers, we are listening.

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Speaker 8: We're learning what matters to you, what concerns you, and

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Speaker 8: what questions are keeping you up at night.

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Speaker 6: That context is critical because two people with the same

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Speaker 6: account balance can need very different plans.

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Speaker 8: And from there, if it makes sense, we could word

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Speaker 8: an ay time for you to come into the office, but.

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Speaker 6: Not before completing something important.

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Speaker 8: We ask prospective clients to complete the Safe Money Strategies workbook.

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Speaker 6: And this isn't just busy work.

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Speaker 8: It's designed to help you and us take inventto of

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Speaker 8: your entire financial world.

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Speaker 6: Income sources, expenses, assets, liabilities, and future expectations.

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Speaker 8: It also helps clarify what's certain, what's flexible, and what's unknown.

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Speaker 6: Most people tell us that they've never seen everything laid

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Speaker 6: out in one place before.

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Speaker 8: Once that information is gathered, the real planning begins, and

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Speaker 8: at the very.

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Speaker 6: Heart of every solid retirement plan is cash flow.

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Speaker 8: We look at what income sources you have today and

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Speaker 8: what you'll have in the.

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Speaker 6: Future social security pensions, investment income and other sources.

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Speaker 8: Then we subtract expenses, not just current expenses, but projected

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Speaker 8: future expenses.

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Speaker 6: As well, healthcare, lifestyle changes, inflation, and the unexpected.

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Speaker 8: This is where retirement planning becomes real.

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Speaker 6: Many people assume their advisor has already done this kind

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Speaker 6: of analysis.

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Speaker 8: But often the focus is primarily on investments and performance.

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Speaker 6: Without fully understanding how much income is actually needed and when.

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Speaker 8: Cash flow planning answers fundamental questions.

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Speaker 6: Questions like will my income last, where will it come from?

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Speaker 1: And what happens if markets struggle.

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Speaker 8: Once we understand cash flow, we look at assets and

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Speaker 8: liabilities together, what you own, what.

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Speaker 6: You owe, and how those pieces interact.

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Speaker 8: This allows us to begin constructing a retirement income withdrawal strategy.

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Speaker 6: In other words, which dollars get used first, which are

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Speaker 6: preserved for later, and which are designed for growth.

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Speaker 1: This isn't about chasing returns.

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Speaker 6: It's about creating an intentional, coordinated strategy.

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Speaker 8: This is where our two step process really becomes clear.

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Speaker 1: Step one is designing a written plan.

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Speaker 8: That plan takes inventory of your entire financial world.

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Speaker 6: It identifies strengths, gaps, risks, and opportunities.

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Speaker 8: Only after that plan is in place do we move

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Speaker 8: to step two.

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Speaker 6: Once the plan is built, we then analyze existing holdings.

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Speaker 8: Not with the assumption that everything needs to change, but with.

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Speaker 6: The question do these investments support the plan that we

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Speaker 6: just designed.

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Speaker 1: If the answer is yes, great, If.

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Speaker 6: We see areas where there may be room for improvement,

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Speaker 6: we'll make recommendations.

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Speaker 8: Those recommendations are always driven by the plan, not the

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Speaker 8: other way around.

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Speaker 6: One thing we like to hear from clients after going

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Speaker 6: through the process is that they feel a sense.

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Speaker 8: Of relief because, for maybe the first time, things make sense.

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Speaker 6: They understand where their income comes from, how risk is managed,

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Speaker 6: and what the strategy is.

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Speaker 8: Lat clarity helps reduce anxiety, especially during uncertain markets.

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Speaker 6: As we kick off a new year, this is a

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Speaker 6: great time to reset, not emotionally but intentionally.

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Speaker 1: Planning isn't about predicting the future.

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Speaker 6: It's about being prepared for it.

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Speaker 8: When we come back, we'll talk about why having a

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Speaker 8: written plan matters even more during strong markets, and how

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Speaker 8: this process helps retirees stay confident no matter what headlines

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Speaker 8: saying save money strategies.

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Speaker 1: Stay with us. We'll be right back.

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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,

453
00:21:24,359 --> 00:21:27,840
Speaker 4: Plan Your Future, explains what a fiduciary is and will

454
00:21:27,880 --> 00:21:31,160
Speaker 4: help you understand if an advisor is really putting you

455
00:21:31,240 --> 00:21:34,240
Speaker 4: first for the book, call eight eight eight eight hundred

456
00:21:34,359 --> 00:21:38,640
Speaker 4: eighteen eighty one or email Kelly at Kellyfinancial dot org.

457
00:21:38,720 --> 00:21:41,840
Speaker 4: We're Kelly Financial. Come retire with us.

458
00:21:42,880 --> 00:21:45,720
Speaker 9: I'm John Boudris, and welcome to a new edition of

459
00:21:45,800 --> 00:21:49,040
Speaker 9: Kelly Financial's What would Bill Say? The wit and wisdom

460
00:21:49,119 --> 00:21:53,200
Speaker 9: of the late Bill Kelly, who today tests time time.

461
00:21:53,359 --> 00:21:56,560
Speaker 10: You don't have as much left today as you had yesterday.

462
00:21:56,720 --> 00:21:59,520
Speaker 10: It's the rule of science. When's the best time to

463
00:21:59,560 --> 00:22:03,359
Speaker 10: plant a twenty years ago? When's the second best time

464
00:22:03,400 --> 00:22:06,920
Speaker 10: to plant a tree? Tomorrow? Today? Whenever you can get

465
00:22:06,960 --> 00:22:08,480
Speaker 10: to it, that's the next best time.

466
00:22:08,600 --> 00:22:12,320
Speaker 9: There's no time like the present to begin saving, planning

467
00:22:12,400 --> 00:22:17,320
Speaker 9: and enjoying retirement. So download our consumer guide simply called

468
00:22:17,520 --> 00:22:21,560
Speaker 9: a Happy Retirement and find six secrets of how you

469
00:22:21,600 --> 00:22:25,560
Speaker 9: can spend your time to cultivate happiness and a retirement

470
00:22:25,720 --> 00:22:29,400
Speaker 9: well lived. Go to Kellyfinancial dot org or call eight

471
00:22:29,440 --> 00:22:32,119
Speaker 9: eight eight eight hundred and eighteen eighty one to spend

472
00:22:32,160 --> 00:22:34,680
Speaker 9: some time with one of our financial advisors.

473
00:22:35,000 --> 00:22:37,320
Speaker 10: Time, ladies and gentlemen, it's not too late.

474
00:22:37,560 --> 00:22:40,520
Speaker 9: We are Kelly Financial. Come retire with us.

475
00:22:42,520 --> 00:22:46,760
Speaker 3: The money Wrap with Kelly Financial Advisors Greg Murray and

476
00:22:46,800 --> 00:22:48,000
Speaker 3: Mary Madeline Kelly.

477
00:22:49,600 --> 00:22:52,440
Speaker 11: Hello, this is Greg Murray, Senior vice president and chief

478
00:22:52,440 --> 00:22:55,520
Speaker 11: of Compliance Officer at Kelly Financial Services. Joining me today

479
00:22:55,680 --> 00:22:58,160
Speaker 11: is Mary Madeline Kelly, one of our wealth advisors. How

480
00:22:58,160 --> 00:22:58,920
Speaker 11: are you doing today?

481
00:22:58,960 --> 00:23:01,560
Speaker 12: Happy New Year. I am doing great.

482
00:23:01,920 --> 00:23:04,760
Speaker 13: There's something about the first few days of January that

483
00:23:04,800 --> 00:23:06,040
Speaker 13: feels like a clean slate.

484
00:23:06,320 --> 00:23:08,680
Speaker 12: People arrested, motivated.

485
00:23:08,240 --> 00:23:10,400
Speaker 13: And starting to think about what they want this year

486
00:23:10,440 --> 00:23:12,359
Speaker 13: to look like, especially financially.

487
00:23:12,520 --> 00:23:15,080
Speaker 11: Absolutely, and that's why today's topic is such a good

488
00:23:15,080 --> 00:23:17,119
Speaker 11: one to kick off the new year. Why the first

489
00:23:17,280 --> 00:23:20,520
Speaker 11: ninety days of the year really matters financially.

490
00:23:20,200 --> 00:23:22,960
Speaker 13: Yes, because while people often think that they need to

491
00:23:23,040 --> 00:23:27,200
Speaker 13: overhaul everything in January, the truth is that small, thoughtful

492
00:23:27,240 --> 00:23:30,119
Speaker 13: decisions made early in the year can have an outsized

493
00:23:30,119 --> 00:23:32,040
Speaker 13: impact over the next twelve months.

494
00:23:32,119 --> 00:23:34,119
Speaker 11: That's a great way to put it. The first ninety

495
00:23:34,200 --> 00:23:37,120
Speaker 11: days sets the tone. It's when habits, form plans get

496
00:23:37,119 --> 00:23:39,560
Speaker 11: put into place, and momentum builds or doesn't.

497
00:23:39,720 --> 00:23:42,480
Speaker 13: Let's start with retirement savings because this is one of

498
00:23:42,520 --> 00:23:45,879
Speaker 13: the biggest opportunities early in the year. If you're contributing

499
00:23:45,920 --> 00:23:48,720
Speaker 13: to a four oh one K starting strong in January,

500
00:23:49,040 --> 00:23:52,720
Speaker 13: or even increasing your contribution slightly gives you a full

501
00:23:52,920 --> 00:23:54,639
Speaker 13: year of compounding.

502
00:23:54,200 --> 00:23:56,679
Speaker 11: And for people who receive bonuses or raises early in

503
00:23:56,720 --> 00:23:58,800
Speaker 11: the year, this is the perfect time to capture some

504
00:23:58,880 --> 00:24:01,920
Speaker 11: of that increase before for lifestyle spending expands.

505
00:24:02,080 --> 00:24:04,840
Speaker 13: Yes, even a one percent or two percent increase in

506
00:24:04,880 --> 00:24:08,000
Speaker 13: your contribution rate can make a meaningful difference over time,

507
00:24:08,280 --> 00:24:10,960
Speaker 13: and the best part is once it's automated, you don't

508
00:24:11,000 --> 00:24:12,040
Speaker 13: have to think about it again.

509
00:24:12,119 --> 00:24:14,800
Speaker 11: Another big area in the first ninety days is tax planning.

510
00:24:14,880 --> 00:24:17,359
Speaker 11: Most people think about taxes in March or April, but

511
00:24:17,440 --> 00:24:19,800
Speaker 11: by then many of your options are already limited.

512
00:24:19,920 --> 00:24:22,760
Speaker 13: January is when you want to look ahead things like

513
00:24:23,040 --> 00:24:27,600
Speaker 13: roth conversions withholding adjustments, charitable strategies, or planning for r

514
00:24:27,600 --> 00:24:28,720
Speaker 13: and ds later in the.

515
00:24:28,720 --> 00:24:30,919
Speaker 11: Year, and it helps avoid the stress of scrambling at

516
00:24:30,920 --> 00:24:32,640
Speaker 11: the end of the year, which we just talked about

517
00:24:32,680 --> 00:24:34,000
Speaker 11: a lot in December right.

518
00:24:34,080 --> 00:24:37,119
Speaker 13: Another important piece early in the year is reviewing cash

519
00:24:37,200 --> 00:24:38,200
Speaker 13: flow and spending.

520
00:24:38,480 --> 00:24:42,000
Speaker 12: This isn't about strict budgeting. It's about awareness.

521
00:24:41,480 --> 00:24:44,480
Speaker 11: And understanding what's coming in, what's going out, and where

522
00:24:44,480 --> 00:24:47,720
Speaker 11: there may be opportunities to redirect dollars sort savings or debt.

523
00:24:47,560 --> 00:24:50,119
Speaker 13: Reduction, and the first ninety days are ideal for this

524
00:24:50,200 --> 00:24:53,399
Speaker 13: because spending habits haven't fully settled yet. It's easier to

525
00:24:53,400 --> 00:24:56,879
Speaker 13: make adjustments now than in July when patterns are locked in.

526
00:24:57,040 --> 00:24:59,199
Speaker 11: Let's talk about investing for a moment. Early in the

527
00:24:59,240 --> 00:25:00,919
Speaker 11: year is also a good time to make sure your

528
00:25:00,960 --> 00:25:04,400
Speaker 11: portfolio is aligned with your goals, especially after market volatility.

529
00:25:04,480 --> 00:25:06,679
Speaker 12: That doesn't mean making big emotional changes.

530
00:25:06,920 --> 00:25:10,760
Speaker 13: It means checking your allocation, rebalancing if needed, and making

531
00:25:10,760 --> 00:25:13,080
Speaker 13: sure your risk levels still makes sense for where you

532
00:25:13,119 --> 00:25:13,800
Speaker 13: are in life.

533
00:25:13,880 --> 00:25:16,840
Speaker 11: And of course it's important to remember that investing evolves risk,

534
00:25:17,119 --> 00:25:20,240
Speaker 11: including the potential loss of principle. But having a discipline

535
00:25:20,240 --> 00:25:22,919
Speaker 11: strategy in place early helps you stay grounded when the

536
00:25:22,920 --> 00:25:24,520
Speaker 11: markets get noisy later in the year.

537
00:25:24,680 --> 00:25:27,520
Speaker 13: Yes, planning helps you react less and stay focused on

538
00:25:27,560 --> 00:25:28,320
Speaker 13: the long term.

539
00:25:28,400 --> 00:25:31,199
Speaker 11: Another often overlooked area in the first ninety days is

540
00:25:31,200 --> 00:25:36,120
Speaker 11: financial housekeeping, things like reviewing beneficiaries, trusted contacts, insurance coverage,

541
00:25:36,160 --> 00:25:37,600
Speaker 11: and account consolidations.

542
00:25:37,680 --> 00:25:41,600
Speaker 13: Those aren't exciting tasks, but they're incredibly important and once

543
00:25:41,640 --> 00:25:44,000
Speaker 13: they're done, they're done for the year, which gives people

544
00:25:44,040 --> 00:25:44,680
Speaker 13: peace of mind.

545
00:25:44,760 --> 00:25:47,040
Speaker 11: So when we talk about the first ninety days mattering.

546
00:25:47,119 --> 00:25:50,199
Speaker 11: It's really about intention. You don't need perfection, you just

547
00:25:50,280 --> 00:25:51,680
Speaker 11: need direction exactly.

548
00:25:52,000 --> 00:25:55,119
Speaker 13: A strong start doesn't guarantee the perfect year, but it

549
00:25:55,160 --> 00:25:57,560
Speaker 13: puts you in a better position to handle whatever comes

550
00:25:57,600 --> 00:25:57,920
Speaker 13: your way.

551
00:25:58,040 --> 00:26:00,400
Speaker 11: So let's summarize for our listeners, why do the first

552
00:26:00,520 --> 00:26:02,600
Speaker 11: ninety days of the year matter financially?

553
00:26:02,720 --> 00:26:04,080
Speaker 12: Here are the key reasons.

554
00:26:04,359 --> 00:26:08,520
Speaker 13: You can maximize retirement contributions early. You can create flexibility

555
00:26:08,520 --> 00:26:12,240
Speaker 13: with tax planning, you set healthy spending and saving habits.

556
00:26:12,520 --> 00:26:15,520
Speaker 13: You align your investments with your goals, and you reduce

557
00:26:15,520 --> 00:26:17,240
Speaker 13: stress by getting organized early.

558
00:26:17,359 --> 00:26:21,000
Speaker 11: Perfect summary, and I'll add these early decisions compound over time,

559
00:26:21,160 --> 00:26:22,119
Speaker 11: just like your investments do.

560
00:26:22,359 --> 00:26:25,560
Speaker 13: Absolutely and at Kelly Financial this is one of our

561
00:26:25,640 --> 00:26:28,080
Speaker 13: favorite times of the year to meet with clients, helping

562
00:26:28,080 --> 00:26:30,200
Speaker 13: them reset, refocused and build a plan.

563
00:26:30,040 --> 00:26:30,680
Speaker 12: For the year ahead.

564
00:26:30,720 --> 00:26:33,280
Speaker 11: And as always, it's important to remember that every financial

565
00:26:33,280 --> 00:26:37,040
Speaker 11: plan is unique and investing evolves. Risk strategies should always

566
00:26:37,080 --> 00:26:40,200
Speaker 11: be evaluated based on your individual goals and circumstances.

567
00:26:40,280 --> 00:26:42,520
Speaker 13: Well said, So, if you're listening at the start of

568
00:26:42,560 --> 00:26:45,000
Speaker 13: twenty twenty six and want to make sure that you're

569
00:26:45,000 --> 00:26:47,560
Speaker 13: starting the year on the right foot, now is a

570
00:26:47,600 --> 00:26:49,040
Speaker 13: great time to review your plan.

571
00:26:49,280 --> 00:26:51,320
Speaker 11: That's going to wrap up this segment. If you'd like

572
00:26:51,359 --> 00:26:54,320
Speaker 11: help organizing your financial priorities for the year ahead, give

573
00:26:54,359 --> 00:26:54,760
Speaker 11: us a call.

574
00:26:54,800 --> 00:26:55,880
Speaker 1: We'd be happy to talk.

575
00:26:55,720 --> 00:26:58,040
Speaker 12: With you for sure. Well, Greg, I will catch up

576
00:26:58,080 --> 00:26:59,720
Speaker 12: with you in the next week. Enjoy the rest of

577
00:26:59,720 --> 00:27:00,000
Speaker 12: your life.

578
00:27:00,800 --> 00:27:03,680
Speaker 3: To get in touch with Greg Murray or Mary, Madeline

579
00:27:03,760 --> 00:27:07,359
Speaker 3: Kelly or any member of the Kelly Financial team called

580
00:27:07,480 --> 00:27:15,520
Speaker 3: eight eight eight hundred, eighteen eighty one. Safe Money Strategies

581
00:27:15,840 --> 00:27:19,240
Speaker 3: with William Kelly and Kelly Kelly. Call the team on

582
00:27:19,440 --> 00:27:24,360
Speaker 3: eight eight eight hundred, eighteen eighty one taking care.

583
00:27:24,160 --> 00:27:30,679
Speaker 4: Of Welcome back to Safe Money Strategies right here on

584
00:27:30,920 --> 00:27:35,480
Speaker 4: w RKO. I'm Kelly Kelly, and I'm here with my son,

585
00:27:35,840 --> 00:27:39,560
Speaker 4: William Kelly Junior. And whether you've been with us since

586
00:27:39,640 --> 00:27:43,439
Speaker 4: the top of the hour or you're just tuning in now,

587
00:27:43,680 --> 00:27:45,760
Speaker 4: we're really glad you're here this morning.

588
00:27:46,040 --> 00:27:46,400
Speaker 1: We are.

589
00:27:46,680 --> 00:27:48,640
Speaker 2: And as we settle into the start of the new year,

590
00:27:48,840 --> 00:27:51,240
Speaker 2: it's a time for people to think a little differently,

591
00:27:51,560 --> 00:27:54,280
Speaker 2: especially when it comes to work, retirement and what the

592
00:27:54,320 --> 00:27:56,320
Speaker 2: next big phase of life is going to look like.

593
00:27:56,680 --> 00:27:57,359
Speaker 14: That's right.

594
00:27:57,480 --> 00:28:01,200
Speaker 4: The beginning of the year tends to bring reflect, people

595
00:28:01,320 --> 00:28:04,720
Speaker 4: take stock of where they are and start asking some

596
00:28:04,800 --> 00:28:08,080
Speaker 4: bigger questions about what they want going forward.

597
00:28:08,520 --> 00:28:12,399
Speaker 2: And that's exactly what today's conversation is about, because the

598
00:28:12,480 --> 00:28:14,760
Speaker 2: idea of retirement itself is changing.

599
00:28:14,960 --> 00:28:18,840
Speaker 4: For many years, retirement was viewed as a finish line.

600
00:28:19,240 --> 00:28:22,919
Speaker 4: You worked full time for decades, reached a certain age,

601
00:28:23,040 --> 00:28:24,840
Speaker 4: and then stepped away completely.

602
00:28:25,160 --> 00:28:28,199
Speaker 2: But today retirement often looks more like a transition than

603
00:28:28,240 --> 00:28:28,919
Speaker 2: a hard stop.

604
00:28:29,160 --> 00:28:32,760
Speaker 4: Across the country, more people in their late sixties and

605
00:28:32,840 --> 00:28:38,120
Speaker 4: early seventies are continuing to work in some capacity, not

606
00:28:38,320 --> 00:28:42,360
Speaker 4: necessarily full time, and not necessarily in the same role

607
00:28:42,520 --> 00:28:43,120
Speaker 4: they had.

608
00:28:42,960 --> 00:28:46,280
Speaker 2: Before, And often it's not because they have to, it's

609
00:28:46,320 --> 00:28:48,720
Speaker 2: because they want flexibility and a choice.

610
00:28:49,000 --> 00:28:54,640
Speaker 4: Retirement today isn't about stopping work altogether. It's about deciding

611
00:28:54,720 --> 00:28:57,840
Speaker 4: how you want to spend your time, how you want

612
00:28:57,920 --> 00:29:01,760
Speaker 4: to stay engaged, and how your income fits into the

613
00:29:01,840 --> 00:29:03,040
Speaker 4: life you want to live.

614
00:29:03,640 --> 00:29:08,400
Speaker 2: That flexibility can make a real difference emotionally, financially, socially.

615
00:29:08,120 --> 00:29:11,280
Speaker 4: And is something we hear about more often when our

616
00:29:11,320 --> 00:29:15,920
Speaker 4: team meets with families. People want options. They don't want

617
00:29:15,960 --> 00:29:18,400
Speaker 4: retirement to feel rigid or limiting.

618
00:29:18,800 --> 00:29:20,160
Speaker 1: So what's driving the shift?

619
00:29:20,520 --> 00:29:24,640
Speaker 4: One of the biggest factors is financial reality. People are

620
00:29:24,680 --> 00:29:29,080
Speaker 4: living longer, costs continue to rise, and markets don't move

621
00:29:29,160 --> 00:29:30,200
Speaker 4: in straight lines.

622
00:29:30,720 --> 00:29:33,720
Speaker 2: Those realities have caused many people to rethink the idea

623
00:29:33,720 --> 00:29:36,040
Speaker 2: of fully stopping work at a specific age.

624
00:29:36,240 --> 00:29:41,800
Speaker 4: Healthcare cost, housing expenses, and everyday living expenses can place

625
00:29:41,920 --> 00:29:47,000
Speaker 4: pressure on retirement savings over time, especially when retirement may

626
00:29:47,080 --> 00:29:49,480
Speaker 4: last twenty or even thirty years.

627
00:29:49,880 --> 00:29:52,640
Speaker 2: What many people are discovering is that even modest earned

628
00:29:52,720 --> 00:29:54,880
Speaker 2: income can help reduce how much they may need to

629
00:29:54,920 --> 00:29:56,560
Speaker 2: rely on their savings early.

630
00:29:56,320 --> 00:29:59,920
Speaker 4: On, and that can create breathing room. It may allow

631
00:30:00,160 --> 00:30:03,880
Speaker 4: people to be more patient with their investments and feel

632
00:30:03,920 --> 00:30:07,320
Speaker 4: more confident during periods of market volatility.

633
00:30:07,800 --> 00:30:10,560
Speaker 2: Choosing to work longer or part time doesn't mean something

634
00:30:10,600 --> 00:30:11,200
Speaker 2: went wrong.

635
00:30:11,600 --> 00:30:15,800
Speaker 4: For many people, it's a thoughtful and intentional decision.

636
00:30:16,280 --> 00:30:19,720
Speaker 2: It's not about working forever. It's about preserving flexibility and

637
00:30:19,840 --> 00:30:20,880
Speaker 2: protecting options.

638
00:30:21,280 --> 00:30:24,360
Speaker 4: But finances are only part of the story.

639
00:30:24,760 --> 00:30:28,560
Speaker 2: Another important part of this conversation is purpose. Many people

640
00:30:28,600 --> 00:30:32,240
Speaker 2: don't realize how much structure work provides until it's gone.

641
00:30:32,320 --> 00:30:36,640
Speaker 4: Some people enjoy the freedom of retirement right away. Others

642
00:30:36,720 --> 00:30:40,960
Speaker 4: miss the routine, the interaction, and the sense of contribution.

643
00:30:41,600 --> 00:30:45,120
Speaker 2: Staying engaged, whether through part time work, consulting, or even

644
00:30:45,160 --> 00:30:48,480
Speaker 2: seasonal roles, can support emotional and mental well being.

645
00:30:48,800 --> 00:30:52,960
Speaker 4: Having somewhere to be, people to interact with, and something

646
00:30:53,120 --> 00:30:56,280
Speaker 4: meaningful to do can make retirement feel fuller.

647
00:30:56,520 --> 00:30:59,040
Speaker 2: Retirement shouldn't feel like losing a part of yourself.

648
00:30:59,480 --> 00:31:02,440
Speaker 4: So what what does this look like? In real life?

649
00:31:02,720 --> 00:31:03,040
Speaker 1: Phase?

650
00:31:03,080 --> 00:31:06,280
Speaker 2: Retirement can take many forms. Some people consult in their

651
00:31:06,280 --> 00:31:09,680
Speaker 2: form of profession. Others reduce hours or work seasonally.

652
00:31:10,120 --> 00:31:15,600
Speaker 4: Some turn lifelong interest into small income streams. Others simply

653
00:31:15,760 --> 00:31:19,800
Speaker 4: downshift responsibilities rather than stepping away completely.

654
00:31:20,120 --> 00:31:21,960
Speaker 1: The common theme is choice.

655
00:31:22,160 --> 00:31:26,560
Speaker 4: Exactly people want to decide when they work, how much

656
00:31:26,680 --> 00:31:28,560
Speaker 4: they work, and why they work.

657
00:31:28,800 --> 00:31:32,320
Speaker 1: Income becomes a tool rather than an obligation, and.

658
00:31:32,240 --> 00:31:37,920
Speaker 4: That flexibility allows retirement plans to adjust as life changes.

659
00:31:38,200 --> 00:31:41,600
Speaker 2: From a planning standpoint, continuing to earn income, even for

660
00:31:41,640 --> 00:31:45,440
Speaker 2: a period of time, can influence how retirement income is structured.

661
00:31:45,720 --> 00:31:49,560
Speaker 4: It may help reduce early withdrawals from savings and provide

662
00:31:49,640 --> 00:31:52,960
Speaker 4: additional flexibility during uncertain markets.

663
00:31:53,360 --> 00:31:56,080
Speaker 2: It can also affect the timing of other income sources,

664
00:31:56,280 --> 00:31:58,280
Speaker 2: which is why coordination matters.

665
00:31:58,640 --> 00:32:01,560
Speaker 4: This is where having a plan that can adapt over

666
00:32:01,640 --> 00:32:03,080
Speaker 4: time becomes important.

667
00:32:03,360 --> 00:32:06,840
Speaker 2: Flexibility often adds confidence rather than pressure.

668
00:32:06,640 --> 00:32:09,800
Speaker 4: For many families. This is where working with a team

669
00:32:09,960 --> 00:32:12,480
Speaker 4: of fiduciary advisors can be helpful.

670
00:32:12,800 --> 00:32:16,840
Speaker 2: Having professionals who can model different scenarios, review plans over time,

671
00:32:17,200 --> 00:32:19,680
Speaker 2: and adjust as life changes can bring clarity.

672
00:32:20,040 --> 00:32:24,520
Speaker 4: A strong retirement plan isn't static. Is designed to evolve

673
00:32:24,680 --> 00:32:25,720
Speaker 4: as your life.

674
00:32:25,520 --> 00:32:28,680
Speaker 2: Evolves, and clarity can replace a lot of uncertainty.

675
00:32:29,160 --> 00:32:33,560
Speaker 4: If today's conversation resonates with you, I've written a book

676
00:32:33,640 --> 00:32:37,000
Speaker 4: called Retire Your Fear, Plan Your Future.

677
00:32:37,320 --> 00:32:40,880
Speaker 2: It's designed to help people think differently about retirement, longevity

678
00:32:40,960 --> 00:32:42,520
Speaker 2: and planning in today's environment.

679
00:32:42,840 --> 00:32:46,000
Speaker 4: If you'd like a complimentary copy, you can call us

680
00:32:46,040 --> 00:32:49,920
Speaker 4: at eight eight eight eight hundred eighteen eighty one or

681
00:32:50,040 --> 00:32:54,880
Speaker 4: email Calli at kellifinancial dot org and we will be

682
00:32:54,920 --> 00:32:56,760
Speaker 4: more than happy to send one out.

683
00:32:57,120 --> 00:32:58,800
Speaker 2: You can review it at your own pace and see

684
00:32:58,800 --> 00:33:00,840
Speaker 2: if it helps you ask better quod questions as you

685
00:33:00,880 --> 00:33:01,920
Speaker 2: plan for the years ahead.

686
00:33:02,440 --> 00:33:06,360
Speaker 4: When we come back, we'll continue this conversation and talk

687
00:33:06,400 --> 00:33:10,880
Speaker 4: about how retirement income strategies can be designed to support

688
00:33:10,920 --> 00:33:15,840
Speaker 4: this new retirement reality and why flexibility plays such an

689
00:33:15,880 --> 00:33:18,880
Speaker 4: important role.

690
00:33:19,320 --> 00:33:23,360
Speaker 3: Safe money strategies brought to you by Kelly Financial Services.

691
00:33:23,600 --> 00:33:27,400
Speaker 3: Call eight eight eight eight hundred eighteen eighty one or

692
00:33:27,480 --> 00:33:29,400
Speaker 3: visit Kellyfinancial dot org.

693
00:33:29,960 --> 00:33:33,920
Speaker 9: Ready to enjoy your golden years without worry. At Kelly Financial,

694
00:33:34,040 --> 00:33:37,400
Speaker 9: we know retirement planning can be overwhelming. With more than

695
00:33:37,440 --> 00:33:41,120
Speaker 9: twenty two years of experience, our friendly team of advisors

696
00:33:41,200 --> 00:33:44,360
Speaker 9: makes it easy and stress free. Trust us to help

697
00:33:44,400 --> 00:33:47,920
Speaker 9: you create a secure and enjoyable future. For a free

698
00:33:47,960 --> 00:33:52,240
Speaker 9: initial retirement consultation, called eight eight eight eight hundred eighteen

699
00:33:52,280 --> 00:33:56,480
Speaker 9: eighty one or email Kelly at Kellyfinancial dot org. We're

700
00:33:56,560 --> 00:33:59,080
Speaker 9: Kelly Financial. Come retire with us.

701
00:33:59,440 --> 00:34:03,560
Speaker 3: Safe money these strategies with William Kelly and Kelly Kelly.

702
00:34:03,800 --> 00:34:13,920
Speaker 3: Call the team on eight eight eight hundred eighteen eighty one.

703
00:34:14,440 --> 00:34:18,960
Speaker 4: Welcome back to save money strategies right here on WRKO.

704
00:34:19,400 --> 00:34:24,040
Speaker 4: I'm Kelly Kelly here again with my son, William Kelly Junior,

705
00:34:24,520 --> 00:34:27,880
Speaker 4: and if you're just joining us, we've been talking about

706
00:34:27,960 --> 00:34:32,080
Speaker 4: how retirement is changing and why so many people are

707
00:34:32,200 --> 00:34:37,560
Speaker 4: choosing flexibility over a traditional full stop at retirement.

708
00:34:37,920 --> 00:34:39,080
Speaker 1: That's right, and in this.

709
00:34:39,080 --> 00:34:41,120
Speaker 2: Part of the conversation we want to talk about what

710
00:34:41,160 --> 00:34:44,160
Speaker 2: that actually looks like in practice. Especially when it comes

711
00:34:44,200 --> 00:34:47,280
Speaker 2: to income, lifestyle, and long term confidence.

712
00:34:47,719 --> 00:34:51,560
Speaker 4: Because once you accept that retirement may look different than

713
00:34:51,600 --> 00:34:56,120
Speaker 4: it used to, the next question becomes how do you

714
00:34:56,280 --> 00:34:59,640
Speaker 4: design it in a way that works for your life.

715
00:35:00,040 --> 00:35:01,960
Speaker 2: One of the biggest shifts we're seeing is the move

716
00:35:02,000 --> 00:35:04,080
Speaker 2: away from rigid income strategies.

717
00:35:04,320 --> 00:35:07,320
Speaker 4: For a long time, people were taught to think about

718
00:35:07,360 --> 00:35:12,920
Speaker 4: retirement income in very fixed terms. One paycheck replaces another

719
00:35:13,400 --> 00:35:16,880
Speaker 4: and everything stays this same year after year.

720
00:35:17,480 --> 00:35:19,040
Speaker 1: But real life doesn't work that way.

721
00:35:19,560 --> 00:35:26,040
Speaker 4: Expenses change, markets change, health changes, and priorities change.

722
00:35:26,400 --> 00:35:30,399
Speaker 2: That's why flexibility matters. Retirement income today often comes from

723
00:35:30,480 --> 00:35:32,759
Speaker 2: multiple sources, not just one.

724
00:35:32,719 --> 00:35:35,920
Speaker 4: And having more than one income source can help reduce

725
00:35:35,960 --> 00:35:38,520
Speaker 4: stress and create options.

726
00:35:38,960 --> 00:35:41,800
Speaker 1: It allows people to adjust rather than react.

727
00:35:42,160 --> 00:35:47,200
Speaker 4: That flexibility is often what gives people confidence knowing you're

728
00:35:47,280 --> 00:35:49,840
Speaker 4: not locked into one rigid plan.

729
00:35:50,560 --> 00:35:54,400
Speaker 2: Another important piece of the puzzle is coordination work income.

730
00:35:54,600 --> 00:36:00,600
Speaker 4: Social security and investment income don't exist in silos. They

731
00:36:00,760 --> 00:36:02,239
Speaker 4: interact with each other.

732
00:36:02,800 --> 00:36:06,080
Speaker 2: Timing matters, especially when it comes to social security.

733
00:36:06,560 --> 00:36:10,200
Speaker 4: Working longer can affect when people choose to claim benefits,

734
00:36:10,640 --> 00:36:13,840
Speaker 4: how much they receive over time, and how their income

735
00:36:14,000 --> 00:36:15,640
Speaker 4: sources are used.

736
00:36:15,680 --> 00:36:19,360
Speaker 2: And there's often confusion around working and collecting social security

737
00:36:19,360 --> 00:36:20,440
Speaker 2: at the same time.

738
00:36:20,400 --> 00:36:24,960
Speaker 4: Which is why coordination is so important. Decisions made in

739
00:36:25,040 --> 00:36:28,040
Speaker 4: one area can have ripple effects elsewhere.

740
00:36:28,560 --> 00:36:31,560
Speaker 2: This is where having professionals who can model different scenarios

741
00:36:31,640 --> 00:36:32,400
Speaker 2: can be helpful.

742
00:36:32,719 --> 00:36:36,720
Speaker 4: It's not about finding a single right answer, is about

743
00:36:36,960 --> 00:36:38,520
Speaker 4: understanding trade offs.

744
00:36:39,120 --> 00:36:42,000
Speaker 2: Another shift we're seeing in retirement is around spending.

745
00:36:42,280 --> 00:36:46,200
Speaker 4: Many people assume they'll spend less in retirement, but that's

746
00:36:46,360 --> 00:36:49,399
Speaker 4: not always the case, especially early.

747
00:36:49,120 --> 00:36:53,480
Speaker 2: On travel, hobbies, time with family. Those things often increase,

748
00:36:53,560 --> 00:36:54,280
Speaker 2: not decrease.

749
00:36:54,800 --> 00:36:58,360
Speaker 4: That's why it's so important to start with lifestyle goals

750
00:36:58,520 --> 00:37:00,360
Speaker 4: rather than assumption.

751
00:37:00,640 --> 00:37:02,319
Speaker 1: What do you want your days to look like?

752
00:37:02,680 --> 00:37:04,319
Speaker 4: What matters most to you.

753
00:37:04,920 --> 00:37:07,600
Speaker 2: When spending aligns with meeting, people tend to feel more

754
00:37:07,640 --> 00:37:10,759
Speaker 2: satisfied and less anxious, and for some.

755
00:37:10,680 --> 00:37:14,600
Speaker 4: Part time work can fund experiences without guilt or worry.

756
00:37:14,920 --> 00:37:18,120
Speaker 2: It becomes a way to support lifestyle choices rather than

757
00:37:18,160 --> 00:37:18,839
Speaker 2: restrict them.

758
00:37:19,160 --> 00:37:22,880
Speaker 4: A longer retirement also means longer exposure to risk.

759
00:37:23,520 --> 00:37:27,080
Speaker 2: Inflation, health care costs, and longevity all clear role.

760
00:37:27,400 --> 00:37:32,000
Speaker 4: The goal of planning isn't to eliminate risk. That's not realistic.

761
00:37:32,520 --> 00:37:33,560
Speaker 1: It's to prepare for it.

762
00:37:34,000 --> 00:37:40,080
Speaker 4: Flexible income strategies can reduce pressure on portfolios during challenging

763
00:37:40,200 --> 00:37:41,239
Speaker 4: market periods.

764
00:37:41,640 --> 00:37:45,320
Speaker 2: They can also provide peace of mind when unexpected expenses arise.

765
00:37:45,640 --> 00:37:50,719
Speaker 4: Good planning doesn't create fear, It replaces fear with preparation.

766
00:37:51,120 --> 00:37:53,840
Speaker 2: One of the biggest misconceptions about retirement planning is that

767
00:37:53,880 --> 00:37:55,160
Speaker 2: it's a one time decision.

768
00:37:55,520 --> 00:38:00,320
Speaker 4: In reality, plans need to evolve as life evolves.

769
00:38:00,320 --> 00:38:04,040
Speaker 2: Income needs change, health changes, family situations change.

770
00:38:04,160 --> 00:38:07,880
Speaker 4: That's why ongoing review and communication matter.

771
00:38:08,280 --> 00:38:11,120
Speaker 2: A plan that worked at sixty five may need adjustment

772
00:38:11,160 --> 00:38:12,520
Speaker 2: at seventy or seventy five.

773
00:38:13,160 --> 00:38:19,200
Speaker 4: Flexibility allows those adjustments to happen thoughtfully, rather than reactively.

774
00:38:19,560 --> 00:38:21,799
Speaker 2: For many families, this is where working with a team

775
00:38:21,840 --> 00:38:24,440
Speaker 2: of fiduciary advisors can add value.

776
00:38:24,600 --> 00:38:31,440
Speaker 4: Having professionals who understand income planning, tax considerations, and long

777
00:38:31,560 --> 00:38:34,400
Speaker 4: term strategy can help bring clarity.

778
00:38:34,719 --> 00:38:37,359
Speaker 2: It allows people to see different paths and understand how

779
00:38:37,480 --> 00:38:39,200
Speaker 2: choices today may affect future.

780
00:38:39,400 --> 00:38:43,480
Speaker 4: The goal isn't perfection is confidence.

781
00:38:43,120 --> 00:38:45,920
Speaker 2: And confidence often comes from knowing you have options.

782
00:38:46,280 --> 00:38:51,160
Speaker 4: If today's conversation has you thinking differently about retirement, I've

783
00:38:51,160 --> 00:38:55,560
Speaker 4: written a book called Retire Your Fear, Plan Your Future.

784
00:38:55,600 --> 00:38:58,800
Speaker 2: It's designed to help people better understand modern retirement planning

785
00:38:59,000 --> 00:39:00,680
Speaker 2: and longevity and today's world.

786
00:39:01,040 --> 00:39:04,319
Speaker 4: If you'd like a complimentary copy, you can call us

787
00:39:04,400 --> 00:39:08,040
Speaker 4: at eight eight eight eight hundred eighteen eighty one or

788
00:39:08,120 --> 00:39:12,960
Speaker 4: email Kelly at Kellyfinancial dot org and our team will

789
00:39:13,000 --> 00:39:14,920
Speaker 4: be more than happy to send one out.

790
00:39:15,239 --> 00:39:16,799
Speaker 2: You can take your time with it and see if

791
00:39:16,840 --> 00:39:18,919
Speaker 2: it helps you ask better questions as you think about

792
00:39:18,920 --> 00:39:19,399
Speaker 2: the road head.

793
00:39:19,640 --> 00:39:23,600
Speaker 4: We've got more coming up on Safe Money Strategies today,

794
00:39:24,080 --> 00:39:28,800
Speaker 4: including additional perspectives and insights design to help you feel

795
00:39:28,840 --> 00:39:32,480
Speaker 4: more informed and confident about your financial life.

796
00:39:32,719 --> 00:39:34,680
Speaker 2: To stay with us here on a RKO as the

797
00:39:34,680 --> 00:39:38,440
Speaker 2: conversation continues.

798
00:39:39,280 --> 00:39:43,040
Speaker 3: Safe Money Strategies brought to you by Kelly Financial Services.

799
00:39:43,200 --> 00:39:46,800
Speaker 3: Call eight eight eight eight hundred eighteen eighty one or

800
00:39:46,880 --> 00:39:48,719
Speaker 3: visit Kellyfinancial dot org.

801
00:39:50,000 --> 00:39:52,239
Speaker 8: Welcome back to Safe Money Strategies. I'm Mike du sat

802
00:39:52,320 --> 00:39:54,800
Speaker 8: here with Greg Workman. Thank you for staying with us today.

803
00:39:55,000 --> 00:39:57,960
Speaker 6: And part one we walked through the first step of

804
00:39:58,000 --> 00:40:02,640
Speaker 6: our planning process, the converse gathering high level goals and

805
00:40:02,760 --> 00:40:07,080
Speaker 6: completing the workbook to take an inventory of your financial world.

806
00:40:07,320 --> 00:40:10,280
Speaker 8: Today, we're going to dig deeper into why that planning

807
00:40:10,320 --> 00:40:13,680
Speaker 8: process is so critical how it guides investment decisions and

808
00:40:13,719 --> 00:40:15,799
Speaker 8: how it can set you up for a confident new

809
00:40:15,840 --> 00:40:17,480
Speaker 8: year no matter what the markets do.

810
00:40:17,680 --> 00:40:20,800
Speaker 6: One of the biggest mistakes we see investors make is

811
00:40:20,920 --> 00:40:26,000
Speaker 6: jumping straight to investment choices without understanding their bigger picture

812
00:40:26,280 --> 00:40:27,120
Speaker 6: and how they fit in.

813
00:40:27,280 --> 00:40:29,440
Speaker 8: When you do that, it's easy to focus on the

814
00:40:29,480 --> 00:40:32,919
Speaker 8: wrong things, like chasing last year's winners, trying to time

815
00:40:32,960 --> 00:40:35,680
Speaker 8: the market, or reacting emotionally to headlines.

816
00:40:35,840 --> 00:40:39,719
Speaker 6: A written plan, by contrast, acts as a roadmap. It

817
00:40:39,800 --> 00:40:44,719
Speaker 6: shows you exactly how your income, your expenses, assets and

818
00:40:44,800 --> 00:40:46,920
Speaker 6: liabilities all fit together.

819
00:40:47,080 --> 00:40:50,680
Speaker 8: It highlights where you strong, where gaps may exist, and

820
00:40:50,719 --> 00:40:52,520
Speaker 8: where risk could sneak in unnoticed.

821
00:40:52,640 --> 00:40:56,640
Speaker 6: Without that structure, even portfolios that look impressive on paper

822
00:40:57,000 --> 00:40:59,800
Speaker 6: fail to meet your actual retirement needs.

823
00:41:00,080 --> 00:41:02,840
Speaker 8: Let's walk through a typical example of how this works.

824
00:41:02,960 --> 00:41:04,960
Speaker 8: We'll call them Bob and Susan.

825
00:41:05,239 --> 00:41:08,760
Speaker 6: Bob and Susan came in after several strong market years.

826
00:41:09,080 --> 00:41:12,400
Speaker 6: Their accounts had grown very nicely and they felt like

827
00:41:12,480 --> 00:41:13,759
Speaker 6: they were on track, But.

828
00:41:13,800 --> 00:41:16,719
Speaker 8: When we looked closer, they didn't have a clear understanding

829
00:41:16,760 --> 00:41:19,600
Speaker 8: of how their income would flow during retirement. They had

830
00:41:19,640 --> 00:41:24,080
Speaker 8: iras four oh one ks brokerage accounts, pensions, and social security,

831
00:41:24,280 --> 00:41:25,800
Speaker 8: but no unified plan.

832
00:41:26,080 --> 00:41:27,920
Speaker 1: Step one is always cash flow.

833
00:41:28,080 --> 00:41:31,120
Speaker 6: We look at what income sources are available now and

834
00:41:31,440 --> 00:41:35,719
Speaker 6: into the future, and then subtract both current and projected expenses.

835
00:41:35,920 --> 00:41:39,640
Speaker 8: That includes the obvious housing, utilities, groceries, but it also

836
00:41:39,680 --> 00:41:44,640
Speaker 8: includes healthcare, travel, lifestyle expectations, and the occasional surprise expense.

837
00:41:44,800 --> 00:41:48,440
Speaker 6: By doing this first, we can identify years where cash

838
00:41:48,440 --> 00:41:53,919
Speaker 6: flow may be tight, or where certain strategies like roth conversions, pensions,

839
00:41:54,160 --> 00:41:58,040
Speaker 6: or social security timing can make a big difference.

840
00:41:58,360 --> 00:42:01,440
Speaker 8: It's a step most people skeet, but it's the foundation.

841
00:42:01,719 --> 00:42:05,279
Speaker 8: Everything else, the investments, the risk management, the tax strategies

842
00:42:05,560 --> 00:42:06,279
Speaker 8: flows from this.

843
00:42:06,520 --> 00:42:09,759
Speaker 6: Once the plan is built and cash flow is understood,

844
00:42:10,239 --> 00:42:13,400
Speaker 6: we move to step two, the investment conversation.

845
00:42:13,640 --> 00:42:16,480
Speaker 8: We analyze what the client currently owns, not just to

846
00:42:16,480 --> 00:42:19,360
Speaker 8: see performance, but to determine alignment with the plan.

847
00:42:19,680 --> 00:42:23,920
Speaker 6: Some holdings they fit perfectly. Others may be too aggressive

848
00:42:24,000 --> 00:42:29,160
Speaker 6: to conservative are not structured to support retirement income efficiently.

849
00:42:29,239 --> 00:42:33,440
Speaker 8: Overtaught recommendations, if needed, are always driven by the plan itself,

850
00:42:33,760 --> 00:42:35,520
Speaker 8: not by the market or by trends.

851
00:42:35,680 --> 00:42:39,840
Speaker 6: For Bob and Susan. This meant small adjustments to their allocation,

852
00:42:40,200 --> 00:42:43,399
Speaker 6: nothing dramatic, but it gave them the confidence that their

853
00:42:43,520 --> 00:42:46,560
Speaker 6: plan could withstand market ups and downs.

854
00:42:46,680 --> 00:42:50,240
Speaker 8: A lot of people underestimate the potential stress reducing impact

855
00:42:50,320 --> 00:42:51,280
Speaker 8: of having a plan.

856
00:42:51,239 --> 00:42:52,840
Speaker 1: Especially after a strong market.

857
00:42:52,960 --> 00:42:56,760
Speaker 6: It's easy to assume everything is fine until a sudden

858
00:42:56,800 --> 00:42:58,879
Speaker 6: headline makes you question it all.

859
00:42:58,960 --> 00:43:01,359
Speaker 8: When you have a written plan, those emotions are less

860
00:43:01,440 --> 00:43:03,880
Speaker 8: likely to drive your decisions. You know what needs to

861
00:43:03,920 --> 00:43:04,839
Speaker 8: happen and when.

862
00:43:05,080 --> 00:43:07,719
Speaker 6: For Bob and Susan, it was clear to us that

863
00:43:07,880 --> 00:43:14,840
Speaker 6: seeing everything laid out in a cohesive way, assets, liabilities, income, withdrawals,

864
00:43:15,040 --> 00:43:18,200
Speaker 6: it gave them more peace of mind than any investment

865
00:43:18,280 --> 00:43:19,760
Speaker 6: performance ever could.

866
00:43:19,960 --> 00:43:24,120
Speaker 8: January is a natural reset. People start thinking about goals, organization,

867
00:43:24,560 --> 00:43:25,480
Speaker 8: and new habits.

868
00:43:25,600 --> 00:43:29,400
Speaker 6: It's a perfect time to take stock of your financial life.

869
00:43:29,640 --> 00:43:32,680
Speaker 1: But a reset only works if it's intentional.

870
00:43:32,920 --> 00:43:36,880
Speaker 8: That's why the Safe Money Strategies process emphasizes planning first,

871
00:43:37,200 --> 00:43:38,120
Speaker 8: investment second.

872
00:43:38,280 --> 00:43:42,360
Speaker 6: Jumping into changes without a plan is like rearranging furniture

873
00:43:42,360 --> 00:43:45,520
Speaker 6: in your house that you haven't measured ahead of time.

874
00:43:45,800 --> 00:43:49,239
Speaker 1: It can create more risk than it reduces. Even after

875
00:43:49,280 --> 00:43:50,120
Speaker 1: strong markets.

876
00:43:50,239 --> 00:43:53,400
Speaker 8: Planning is critical, but markets can mask weaknesses.

877
00:43:53,480 --> 00:43:58,440
Speaker 6: A portfolio may perform well, but without understanding cash flow, withdrawals,

878
00:43:58,440 --> 00:44:02,080
Speaker 6: and risk, it may not meet your retirement goals if

879
00:44:02,160 --> 00:44:03,240
Speaker 6: conditions change.

880
00:44:03,520 --> 00:44:06,200
Speaker 8: That's why we never start with performance alone.

881
00:44:06,320 --> 00:44:10,440
Speaker 6: Instead, we focus on designing a system that is intended

882
00:44:10,480 --> 00:44:15,600
Speaker 6: to work, whether markets rise, fall, or move sideways.

883
00:44:15,680 --> 00:44:17,480
Speaker 8: And when you know your plan is sound, you can

884
00:44:17,520 --> 00:44:20,200
Speaker 8: make investment adjustments thoughtfully, not reactively.

885
00:44:20,320 --> 00:44:24,720
Speaker 6: Another critical piece is taxes. A strong market can create opportunities,

886
00:44:25,040 --> 00:44:27,120
Speaker 6: but also tax pitfalls.

887
00:44:27,440 --> 00:44:32,640
Speaker 8: Understanding required distributions, taxable gains and timing of withdrawals can

888
00:44:32,640 --> 00:44:34,640
Speaker 8: make a big difference over the course of retirement.

889
00:44:34,800 --> 00:44:39,160
Speaker 6: We review all accounts traditional, WROTH, taxable, and we design

890
00:44:39,440 --> 00:44:42,879
Speaker 6: with all strategies that are aimed at minimizing taxes and

891
00:44:43,200 --> 00:44:44,880
Speaker 6: maximizing sustainability.

892
00:44:44,960 --> 00:44:48,440
Speaker 8: This ensures that you're not just chasing returns, but managing

893
00:44:48,440 --> 00:44:50,080
Speaker 8: your lifetime income efficiently.

894
00:44:50,239 --> 00:44:53,799
Speaker 6: Another client we'll call her Janet, had a diversified portfolio

895
00:44:54,120 --> 00:44:58,480
Speaker 6: but no clear plan for social security or income sequencing.

896
00:44:58,640 --> 00:45:01,040
Speaker 8: By completing the workbook and walking through the Safe Money

897
00:45:01,040 --> 00:45:04,239
Speaker 8: Strategies process, Janet was able to learn strategies on how

898
00:45:04,239 --> 00:45:07,439
Speaker 8: to withdraw from accounts to maintain income and reduce risk.

899
00:45:07,719 --> 00:45:11,040
Speaker 6: Small changes in sequence made a huge difference in long

900
00:45:11,120 --> 00:45:15,799
Speaker 6: term sustainability, even though markets had mostly performed well.

901
00:45:15,960 --> 00:45:19,640
Speaker 8: This reinforces the point the plan drives the decisions, not

902
00:45:19,800 --> 00:45:21,840
Speaker 8: market performance or headline news.

903
00:45:21,960 --> 00:45:25,120
Speaker 6: When clients understand the plan, they experience a sense of

904
00:45:25,200 --> 00:45:29,200
Speaker 6: control and confidence that is hard to replicate with investment

905
00:45:29,239 --> 00:45:30,240
Speaker 6: performance alone.

906
00:45:30,280 --> 00:45:34,000
Speaker 8: That confidence allows people to enjoy life, travel, family hobbies

907
00:45:34,239 --> 00:45:37,399
Speaker 8: without constantly monitoring every market move, and.

908
00:45:37,400 --> 00:45:42,280
Speaker 6: It prevents panic during inevitable market fluctuations.

909
00:45:41,520 --> 00:45:44,439
Speaker 8: Because markets always changed, the only question is whether you're

910
00:45:44,480 --> 00:45:45,799
Speaker 8: prepared when they do.

911
00:45:46,120 --> 00:45:49,400
Speaker 6: If you've been thinking about getting organized financially in twenty

912
00:45:49,440 --> 00:45:52,160
Speaker 6: twenty six, now is the perfect time.

913
00:45:52,320 --> 00:45:53,799
Speaker 1: Start with a simple conversation.

914
00:45:54,120 --> 00:45:57,239
Speaker 8: We'll gather some high level information and determine if the

915
00:45:57,280 --> 00:45:59,680
Speaker 8: Safe Money Strategies process makes sense for you.

916
00:46:00,160 --> 00:46:06,760
Speaker 6: Complete the workbook, take inventory, understand income, expenses, assets and liabilities.

917
00:46:06,840 --> 00:46:09,560
Speaker 8: From there, we'll guide you through the planning session, and,

918
00:46:09,880 --> 00:46:12,160
Speaker 8: if it makes sense, discuss your investments.

919
00:46:12,440 --> 00:46:13,760
Speaker 1: Always with the plan first.

920
00:46:13,960 --> 00:46:17,120
Speaker 6: It's a two step process that's designed to bring clarity,

921
00:46:17,320 --> 00:46:20,560
Speaker 6: reduce stress, and ensures your money is working to support

922
00:46:20,640 --> 00:46:23,360
Speaker 6: your lifestyle, not just chasing a hot market.

923
00:46:23,440 --> 00:46:27,040
Speaker 8: Strong markets can create confidence, but confidence without clarity can

924
00:46:27,080 --> 00:46:27,759
Speaker 8: be dangerous.

925
00:46:27,840 --> 00:46:30,280
Speaker 1: A written plan provides that clarity.

926
00:46:30,440 --> 00:46:34,359
Speaker 8: It's the foundation for thoughtful, intentional decisions.

927
00:46:33,920 --> 00:46:36,880
Speaker 6: And there's no better time to start than the beginning

928
00:46:36,920 --> 00:46:37,359
Speaker 6: of a year.

929
00:46:37,440 --> 00:46:39,520
Speaker 1: Thanks for spending part of your Saturday with us.

930
00:46:39,640 --> 00:46:44,640
Speaker 6: We wish you a happy, healthy, and financially confident new year.

931
00:46:44,880 --> 00:46:47,439
Speaker 1: This has been safe Money Strategies. We'll see you next week.

932
00:46:52,840 --> 00:46:54,760
Speaker 1: Hi everyone, this is William Kelly.

933
00:46:55,080 --> 00:46:57,799
Speaker 2: If you've ever wished you'd learned about money sooner, that's

934
00:46:57,840 --> 00:47:02,440
Speaker 2: why I wrote Only the Good Investment, a simple, encouraging.

935
00:47:01,920 --> 00:47:04,600
Speaker 1: Guide with real world steps anyone can follow.

936
00:47:05,440 --> 00:47:08,520
Speaker 2: I kept seeing the same thing people wishing someone had

937
00:47:08,560 --> 00:47:12,200
Speaker 2: explained the basics earlier. How to save, build good habits,

938
00:47:12,400 --> 00:47:16,880
Speaker 2: avoid costly mistakes, and create momentum even when you're starting small,

939
00:47:17,440 --> 00:47:21,640
Speaker 2: whether you're eighteen or eighty. This book is about confidence, clarity,

940
00:47:21,920 --> 00:47:26,440
Speaker 2: and taking action. For our listeners, we're sending out complimentary copies.

941
00:47:26,760 --> 00:47:30,040
Speaker 1: Just called eight eight eight eight hundred and twenty one or.

942
00:47:30,000 --> 00:47:32,840
Speaker 2: Email Kelly at Kellyfinancial dot org and we'll send you

943
00:47:32,880 --> 00:47:35,800
Speaker 2: one at no charge. You can also purchase a softcover

944
00:47:35,920 --> 00:47:39,040
Speaker 2: on Amazon or an ebook on Kendall. I'm William Kelly,

945
00:47:39,080 --> 00:47:41,040
Speaker 2: and I hope this book helps someone you love take

946
00:47:41,080 --> 00:47:41,800
Speaker 2: their first step.

947
00:47:43,520 --> 00:47:47,840
Speaker 7: Joining us now as she always does at this time,

948
00:47:48,320 --> 00:47:53,040
Speaker 7: she is the co founder, CEO, and president of Kelly

949
00:47:53,160 --> 00:47:59,000
Speaker 7: Financial Services, and yes, that is her wonderful name, Kelly

950
00:47:59,360 --> 00:48:01,240
Speaker 7: Kelly Kelly.

951
00:48:02,040 --> 00:48:07,320
Speaker 14: How are you good morning, Jeff? I am good. As

952
00:48:07,360 --> 00:48:10,120
Speaker 14: we head into a new year, I think a lot

953
00:48:10,120 --> 00:48:11,080
Speaker 14: of people.

954
00:48:10,719 --> 00:48:16,600
Speaker 4: Who are approaching retirement are realizing something important. Retirement today

955
00:48:16,760 --> 00:48:19,960
Speaker 4: doesn't look the way it used to. For many families,

956
00:48:20,080 --> 00:48:23,600
Speaker 4: the idea of fully stopping at a certain age just

957
00:48:23,719 --> 00:48:27,560
Speaker 4: doesn't feel realistic anymore, and for some it doesn't even

958
00:48:27,640 --> 00:48:32,920
Speaker 4: feel desirable. People want options, they want flexibility, and they

959
00:48:33,040 --> 00:48:36,719
Speaker 4: want to feel confident about what comes next. And if

960
00:48:36,719 --> 00:48:40,359
Speaker 4: that sounds familiar, it doesn't mean you're behind, and it

961
00:48:40,440 --> 00:48:44,959
Speaker 4: doesn't mean you've done anything wrong. It simply means retirement

962
00:48:45,080 --> 00:48:46,360
Speaker 4: has changed.

963
00:48:46,040 --> 00:48:48,480
Speaker 14: And your plan may need to evolve with it.

964
00:48:48,760 --> 00:48:52,840
Speaker 4: That's exactly why I wrote Retire Your Fear, Plan Your Future.

965
00:48:53,120 --> 00:48:58,719
Speaker 4: It's designed to help people think through longer retirements, flexible income,

966
00:48:59,040 --> 00:49:03,800
Speaker 4: and the financial decisions that come with today's realities without

967
00:49:04,000 --> 00:49:08,359
Speaker 4: panic or pressure. If you'd like a complimentary copy, you

968
00:49:08,440 --> 00:49:11,720
Speaker 4: can give us a call or email us at Kelly

969
00:49:11,880 --> 00:49:16,319
Speaker 4: at Kellyfinancial dot org. You can also visit our website

970
00:49:16,360 --> 00:49:17,759
Speaker 4: for the radio rewind.

971
00:49:18,040 --> 00:49:19,840
Speaker 14: Have a wonderful weekend, Jeff.

972
00:49:19,960 --> 00:49:22,760
Speaker 7: Thank you, Kelly, all the best to you and everyone

973
00:49:22,840 --> 00:49:26,480
Speaker 7: at Kelly Financial. To get a free copy of that guide,

974
00:49:26,520 --> 00:49:28,279
Speaker 7: and I urge all of you if you can do

975
00:49:28,400 --> 00:49:32,760
Speaker 7: get it call now eight eight eight eight hundred eighteen

976
00:49:32,920 --> 00:49:36,520
Speaker 7: eighty one eight eighty eight eight hundred eighteen eighty one,

977
00:49:37,200 --> 00:49:41,919
Speaker 7: or you can actually email Kelly herself personally Kelly at

978
00:49:42,000 --> 00:49:47,879
Speaker 7: Kellyfinancial dot org. That's Kelly at Kellyfinancial dot org.

979
00:49:54,120 --> 00:50:03,000
Speaker 3: Safe Money Strategies Akate eight hundred one, eight eight one.

980
00:50:05,120 --> 00:50:08,840
Speaker 4: As we begin a new year, it's a good time

981
00:50:08,920 --> 00:50:13,920
Speaker 4: to reflect on what real wealth really means, not just money,

982
00:50:14,239 --> 00:50:19,680
Speaker 4: but family, faith, purpose, and the ability to help others

983
00:50:19,840 --> 00:50:23,719
Speaker 4: along the way. Bill Kelly has always shared what we

984
00:50:23,920 --> 00:50:29,360
Speaker 4: like to call his timeless wit and wisdom. Here's Bill Kelly.

985
00:50:31,320 --> 00:50:35,040
Speaker 10: Well, if you've accumulated wealth, then it's probably happened over

986
00:50:35,040 --> 00:50:37,719
Speaker 10: a period of years. If you're like me, you might

987
00:50:37,760 --> 00:50:40,840
Speaker 10: be heading into the final third of the rodeo. You

988
00:50:40,920 --> 00:50:43,359
Speaker 10: might be closer to the end than you are to

989
00:50:43,400 --> 00:50:46,960
Speaker 10: the beginning. I can remember my grandfather at my age,

990
00:50:46,960 --> 00:50:50,080
Speaker 10: and he definitely wasn't doing forty five minutes on the

991
00:50:50,120 --> 00:50:53,040
Speaker 10: cybex and getting a heart rate of one fifty seven

992
00:50:53,360 --> 00:50:56,160
Speaker 10: at this age. But that's what I'm doing. But I'm

993
00:50:56,200 --> 00:50:59,480
Speaker 10: closer to the end of the movie than i am

994
00:50:59,640 --> 00:51:01,920
Speaker 10: to the beginning of the movie. We don't have a

995
00:51:01,960 --> 00:51:04,799
Speaker 10: real choice about our first breath. If we're not taking it,

996
00:51:04,840 --> 00:51:07,120
Speaker 10: the doctor's going to make sure we do, or we're

997
00:51:07,160 --> 00:51:09,040
Speaker 10: going to come out of the shoot, you know, breathing

998
00:51:09,160 --> 00:51:12,120
Speaker 10: right away and screaming, helping. And then we move through

999
00:51:12,160 --> 00:51:15,000
Speaker 10: life and there's a randomness to it. I guess that

1000
00:51:15,280 --> 00:51:17,640
Speaker 10: I think people on the left just are astounded by

1001
00:51:17,640 --> 00:51:20,440
Speaker 10: that randomness and it befuddles them, and they try to

1002
00:51:20,680 --> 00:51:23,719
Speaker 10: either heal that fracture in the universe or they try

1003
00:51:23,719 --> 00:51:26,480
Speaker 10: to make up for that randomness by punishing you and

1004
00:51:26,560 --> 00:51:30,400
Speaker 10: I people who are trying to do things differently, in

1005
00:51:30,440 --> 00:51:34,840
Speaker 10: a more distinguished way, working harder. You accumulate things, ladies

1006
00:51:34,880 --> 00:51:38,200
Speaker 10: and gentlemen, as you invest in your lives, and wealth

1007
00:51:38,239 --> 00:51:40,920
Speaker 10: isn't just in money. Some of you are surrounded by

1008
00:51:40,960 --> 00:51:44,800
Speaker 10: beautiful families, and that's accumulation of wealth. To me, also,

1009
00:51:45,080 --> 00:51:48,640
Speaker 10: because there's nothing more valuable than family. But the conundrum

1010
00:51:48,719 --> 00:51:51,480
Speaker 10: of life is the random quality of life. But we

1011
00:51:51,520 --> 00:51:54,799
Speaker 10: can overcome that. To some extent, my quest has been

1012
00:51:54,840 --> 00:51:58,440
Speaker 10: based on having nothing and having less than nothing at

1013
00:51:58,480 --> 00:52:01,360
Speaker 10: some time in my life. Is it ever going to

1014
00:52:01,400 --> 00:52:03,600
Speaker 10: work out? How can it work out? I had a

1015
00:52:03,680 --> 00:52:06,120
Speaker 10: vision early on in my life about what it would

1016
00:52:06,120 --> 00:52:10,000
Speaker 10: be like, and it pretty much coincides with what's happening

1017
00:52:10,080 --> 00:52:12,360
Speaker 10: right now in my life, although there's more to come

1018
00:52:12,400 --> 00:52:15,000
Speaker 10: for me in my mind, when I had setbacks, I

1019
00:52:15,080 --> 00:52:18,319
Speaker 10: was never really upset about the setback. Okay, I lost

1020
00:52:18,360 --> 00:52:21,200
Speaker 10: some dough, Okay, I'm having a rough time with a job,

1021
00:52:21,520 --> 00:52:23,799
Speaker 10: a venture didn't go the way I wanted it to go,

1022
00:52:24,120 --> 00:52:27,600
Speaker 10: lost my grandfather, you know, things like that. And I remembered,

1023
00:52:27,760 --> 00:52:30,279
Speaker 10: during the worst of times, sitting on a log in

1024
00:52:30,280 --> 00:52:32,759
Speaker 10: a parking lot in the dark, talking to God, and

1025
00:52:32,840 --> 00:52:35,520
Speaker 10: I said, God, do I have to abandon the vision?

1026
00:52:35,719 --> 00:52:38,240
Speaker 10: Is it over? Is there any hope for this vision

1027
00:52:38,400 --> 00:52:41,239
Speaker 10: that I've had since I was two years old? Practically?

1028
00:52:41,440 --> 00:52:43,719
Speaker 10: Is that vision going to happen for me? Or am

1029
00:52:43,760 --> 00:52:45,840
Speaker 10: I a fool? Just tell me, just let me know,

1030
00:52:46,000 --> 00:52:48,359
Speaker 10: give me a sign, let me know, and you know what,

1031
00:52:48,480 --> 00:52:50,719
Speaker 10: there was no sign. I just had to make up

1032
00:52:50,760 --> 00:52:53,640
Speaker 10: my mind it was worth moving ahead to try to

1033
00:52:53,680 --> 00:52:56,719
Speaker 10: approach the vision I had for my life. And from

1034
00:52:56,760 --> 00:52:59,920
Speaker 10: that darkness, from that time sitting in a parking lot

1035
00:53:00,040 --> 00:53:03,280
Speaker 10: near a country restaurant basically at roadhouse at three o'clock

1036
00:53:03,320 --> 00:53:06,040
Speaker 10: in the morning to now they sit with my wife, Kelly,

1037
00:53:06,040 --> 00:53:08,520
Speaker 10: and we marvel at what God's allowed us to do.

1038
00:53:08,719 --> 00:53:11,439
Speaker 10: And that doesn't mean being rich quote unquote, that means

1039
00:53:11,480 --> 00:53:13,719
Speaker 10: what we've been able to do. When we were in

1040
00:53:13,800 --> 00:53:16,440
Speaker 10: the Dominican Republic, I ended up in the office of

1041
00:53:16,480 --> 00:53:19,399
Speaker 10: the Mayor of Laramana and I said, Madam Mayor, are

1042
00:53:19,400 --> 00:53:21,920
Speaker 10: there any poor children here we can help? And she

1043
00:53:22,040 --> 00:53:24,640
Speaker 10: told me we have all the poor children you could

1044
00:53:24,680 --> 00:53:26,640
Speaker 10: ever need if you want to help them, and so

1045
00:53:26,800 --> 00:53:28,920
Speaker 10: I said, well, let's start with one hundred and twenty,

1046
00:53:29,000 --> 00:53:32,359
Speaker 10: which we did. And she also asked, mister Kelly, would

1047
00:53:32,400 --> 00:53:35,880
Speaker 10: you please help our old age home here. And I

1048
00:53:35,920 --> 00:53:38,680
Speaker 10: personally went down to the Giants supermarket in the middle

1049
00:53:38,719 --> 00:53:43,240
Speaker 10: of the city and I loaded a van up with Cornflake's, oatmeal, milk, rice,

1050
00:53:43,680 --> 00:53:46,799
Speaker 10: all kinds of stables, and the next day Kelly and

1051
00:53:46,960 --> 00:53:49,800
Speaker 10: young lady from our office and my daughter Mary Madeline

1052
00:53:49,920 --> 00:53:51,840
Speaker 10: drove it down to the old folks home in the

1053
00:53:51,880 --> 00:53:55,160
Speaker 10: middle of Laramana and they handed out the food. So

1054
00:53:55,320 --> 00:53:58,040
Speaker 10: those are the joys of my vision. Now that night,

1055
00:53:58,160 --> 00:54:00,840
Speaker 10: we're watching the news. It's in Spanish. Can't understand that

1056
00:54:00,880 --> 00:54:03,719
Speaker 10: it's channel forty two. Suddenly I hear the announcers said,

1057
00:54:03,840 --> 00:54:06,359
Speaker 10: Kelly Kelly, you know, And I said, Kelly Kelly. And

1058
00:54:06,400 --> 00:54:09,719
Speaker 10: there she was delivering food to these people. So how

1059
00:54:09,719 --> 00:54:11,879
Speaker 10: do you think that feels from a guy? We were

1060
00:54:11,880 --> 00:54:14,160
Speaker 10: wondering where our meals were coming from. So I know

1061
00:54:14,239 --> 00:54:16,600
Speaker 10: that feeling. Once some come in the door, guess what

1062
00:54:16,719 --> 00:54:19,040
Speaker 10: you're feeling pretty good. So we were able to do that.

1063
00:54:19,160 --> 00:54:21,880
Speaker 10: And that's the greatest blessing you can ever have, is

1064
00:54:21,920 --> 00:54:24,520
Speaker 10: to help someone else. If you can help someone eat,

1065
00:54:24,680 --> 00:54:26,720
Speaker 10: if you can help someone along a little bit who's

1066
00:54:26,920 --> 00:54:30,520
Speaker 10: less fortunate or in great need, it's the greatest blessing

1067
00:54:30,560 --> 00:54:32,839
Speaker 10: of all. What can I say here, I am it's

1068
00:54:32,880 --> 00:54:35,320
Speaker 10: a big signal. Here a guy called me from Maine

1069
00:54:35,320 --> 00:54:38,319
Speaker 10: once working on his roof, putting shingles on his roof.

1070
00:54:38,360 --> 00:54:40,799
Speaker 10: Can you imagine that signal going up there to the

1071
00:54:40,800 --> 00:54:43,359
Speaker 10: middle of Maine and him calling me one day and say, Bill,

1072
00:54:43,520 --> 00:54:46,440
Speaker 10: don't stop, keep going. We like what you're saying. We

1073
00:54:46,560 --> 00:54:48,920
Speaker 10: focus upon the miracles of life. Let's focus on that.

1074
00:54:49,120 --> 00:54:51,040
Speaker 10: How we can help each other, and how we can

1075
00:54:51,080 --> 00:54:54,040
Speaker 10: help our neighbor and I mean neighbors people living around us,

1076
00:54:54,280 --> 00:54:56,640
Speaker 10: and how we can help our own families. So these

1077
00:54:56,640 --> 00:54:58,719
Speaker 10: are the blessings of my life right now. This is

1078
00:54:58,800 --> 00:55:01,200
Speaker 10: my wealth. Being able to help others and I enjoy

1079
00:55:01,320 --> 00:55:04,080
Speaker 10: doing it. Is nothing I enjoyed doing more. I'd love

1080
00:55:04,160 --> 00:55:08,000
Speaker 10: putting together a very complex case, or helping someone that

1081
00:55:08,080 --> 00:55:11,920
Speaker 10: seems to have the unsolvable portfolio, or and a state

1082
00:55:12,040 --> 00:55:15,160
Speaker 10: that needs special attention, something like that. But helping some

1083
00:55:15,239 --> 00:55:18,000
Speaker 10: people out is no better feeling. It's hard to feel

1084
00:55:18,000 --> 00:55:20,120
Speaker 10: bad when you're helping someone else out. It's hard to

1085
00:55:20,120 --> 00:55:22,640
Speaker 10: feel sorry for yourself when you're helping out someone less

1086
00:55:22,680 --> 00:55:26,120
Speaker 10: fortunate and you're doing it sincerely. So let's not give up, right,

1087
00:55:26,400 --> 00:55:28,640
Speaker 10: And We've come a long way in my business, But

1088
00:55:28,680 --> 00:55:30,560
Speaker 10: I'd really want to take time out to let you

1089
00:55:30,640 --> 00:55:34,200
Speaker 10: know that the blessings in my life are my ability

1090
00:55:34,200 --> 00:55:37,319
Speaker 10: to help others, and Kelly Financial stands behind that, as

1091
00:55:37,360 --> 00:55:40,160
Speaker 10: do I and my family. So I would appreciate you listening.

1092
00:55:40,239 --> 00:55:42,359
Speaker 10: If you're wondering about your wealth or if you want

1093
00:55:42,400 --> 00:55:44,920
Speaker 10: to keep what you have, eight eight eight eight hundred

1094
00:55:44,920 --> 00:55:47,200
Speaker 10: and one, eight eight one, sit with us. There's no charge,

1095
00:55:47,520 --> 00:55:49,440
Speaker 10: and whatever you need help with, I think we can

1096
00:55:49,480 --> 00:55:52,480
Speaker 10: do it. I've seen many, many things in twenty three

1097
00:55:52,560 --> 00:55:55,280
Speaker 10: years and we have great people. We have great staff,

1098
00:55:55,360 --> 00:55:58,480
Speaker 10: we have young geniuses, we have a middle aged folks.

1099
00:55:58,520 --> 00:56:01,279
Speaker 10: So eight eight eight eight hundred and one, eight eight one.

1100
00:56:01,320 --> 00:56:03,640
Speaker 10: If you're looking for someone you can trust, if you're

1101
00:56:03,640 --> 00:56:06,640
Speaker 10: looking for someone who's going to focus upon you, and

1102
00:56:06,719 --> 00:56:09,360
Speaker 10: if you're looking for someone who's been around the block,

1103
00:56:09,680 --> 00:56:13,200
Speaker 10: and we do our own research. Now it's ours, nobody else's,

1104
00:56:13,400 --> 00:56:15,960
Speaker 10: and we're proud of that. Eight eight eight eight hundred

1105
00:56:15,960 --> 00:56:18,360
Speaker 10: and one. Eight it won't sit with us, and let's talk.

1106
00:56:20,040 --> 00:56:23,680
Speaker 3: We'll call Kelly Financial Services. Eight eight eight eight hundred

1107
00:56:23,840 --> 00:56:25,080
Speaker 3: eighteen eighty one.

1108
00:56:25,360 --> 00:56:29,360
Speaker 4: I'm Kelly Kelly from Kelly Financial. Whether you're in your sixties,

1109
00:56:29,440 --> 00:56:33,600
Speaker 4: seventies or eighties, financial advice is important when it comes

1110
00:56:33,600 --> 00:56:36,680
Speaker 4: to preserving your nest egg. We have a free investor

1111
00:56:36,719 --> 00:56:40,520
Speaker 4: guide called designing your Fiscal House to Weather the Elements,

1112
00:56:40,680 --> 00:56:44,480
Speaker 4: which highlights the steps needed to build a balance portfolio

1113
00:56:44,760 --> 00:56:47,640
Speaker 4: for the guide, call eight eight eight eight hundred eighteen

1114
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Speaker 4: eighty one or email Kelly at Kellyfinancial dot org.

1115
00:56:52,080 --> 00:56:53,360
Speaker 14: We're Kelly Financial.

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00:56:53,600 --> 00:56:56,239
Speaker 4: Come retire with us, Safe.

1117
00:56:55,880 --> 00:57:00,440
Speaker 3: Money strategies with William Kelly and Kelly Kelly. Go to

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00:57:00,640 --> 00:57:02,279
Speaker 3: Kelly Financial dot org.

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Speaker 2: All opinions expressed by the host, his guests, or employees

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00:57:10,440 --> 00:57:12,319
Speaker 2: of Kelly Financial Services are solely their own and do

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00:57:12,360 --> 00:57:14,440
Speaker 2: not reflect the opinions of Kelly Financial Services.

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Speaker 9: Information has been obtained from sources deemed to be reliable,

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00:57:16,880 --> 00:57:19,400
Speaker 9: but their accuracy at completeness cannot be guaranteed. The information

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00:57:19,480 --> 00:57:21,200
Speaker 9: provided as general in nature and does not intended to

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00:57:21,240 --> 00:57:23,680
Speaker 9: be specific investment, tax, or legal advice. It is always

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00:57:23,680 --> 00:57:26,320
Speaker 9: advisable to consult a professional before making a financial decision.