Kelly Financial: Saturday, April 25, 2026

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Episode Transcript

Speaker 1 (00:12):
It is coming to us, So.

Speaker 2 (00:20):
Ladies and gentlemen welcome to Safe Money Strategies on WRKO.
I'm William Kelly and it's an honor to carry on
a family legacy rooted in real world values.

Speaker 1 (00:29):
And practical advice.

Speaker 2 (00:31):
Kelly Financial was founded in two thousand and three by
my parents, my late father Bill Kelly and my mother
Kelly Kelly and Braintree and Burlington, Massachusetts. Just two years later,
Dad launched Safe Money Strategies on WRKO as a no
nonsense callin radio show focused on common sense planning and
protecting wealth. Over the past two decades, Dad became a

(00:51):
pillar in New England finance, an engineer turned entrepreneur, author
and philanthropist who believed in giving back and walking the talk.
Since our show has remained a Saturday morning staple, offering
insight and empowerment. Here at Kelly Financial, we help steward
over eight hundred million dollars across our affiliated business, including
more than six hundred million dollars managed by our sec

(01:14):
registered investment advisory or fiduciary care, and our family first
philosophy guides us on safe money strategies. You'll hear candid
conversations with the team, my mother Kelly, myself, advisors Charlie Gable,
Mike Ducett, Greg Workman, Greg Murray, my sister Mary, Madeline,
Tom Schleger, and Josh Smith. We live by two rules,

(01:35):
never quit and carry on, and we're here to help
you do the same when it comes to your money.
Stick around, take notes and join the conversation. To learn more,
or get our free guides, or schedule a consultation, visit
Kelly Financial dot org or call us at eight eight
eight eight hundred one eight eight one.

Speaker 1 (01:51):
This is Safe Money Strategies.

Speaker 2 (01:53):
Next up Forever Young with Kelly Kelly and myself, William
Kelly Junior.

Speaker 3 (02:02):
Safe Money Strategies with William Kelly and Kelly Kelly eight
hundred eighteen eighty one.

Speaker 4 (02:12):
Each week on Safe Money Strategies, we take a moment
to step back from the headlines and have a real conversation,
the kind you might have around the kitchen table. This
is a part of the show we call Forever Young.
It's where I sit down with my handsome son, William
Kelly Junior, and we talk about life, what's going on

(02:33):
in the world, in our family, and what really matters
most When you're planning for the future. Sometimes it's light,
sometimes it's thoughtful, but it's always real. Good morning, William,
how are you.

Speaker 2 (02:46):
Good morning Mom. I'm finding yourself.

Speaker 4 (02:48):
I'm doing great. I'm doing great. It's so good to
see you this morning.

Speaker 1 (02:53):
You as well.

Speaker 2 (02:54):
Life has been very busy for both of us. Why
don't you start us off?

Speaker 4 (02:58):
Well, I went to Jor to visit my father, your grandfather,
for his eighty seventh birthday, and I had a wonderful visit.
I spent so much time with him. That was my
goal and it happened. And I saw other family, my siblings,

(03:21):
but I've mostly spent time with him and got to
know people in his community, other residents at fellowship, and
I just loved them. All it was it was just
it was great. William.

Speaker 2 (03:35):
Well, it's great to hear you barely texted me, I
know you when you were busy. I had to check
in on you a couple of times. Usually the other
way around.

Speaker 4 (03:43):
I know, I know, I just I focused on my
dad and it was it was great. It was a
little sad when I was leaving, but but yes, but
it was like my time was so well spent. There
was really great.

Speaker 1 (04:01):
That's what was most important to me.

Speaker 2 (04:03):
That's why I think everybody kind of lets you have
your time with him and check in on him, spend
time with him and connect because it's not very often
you get to see him because you live one thousand
miles north. So I know for you to go down there,
it was very nice to you. You took time out.
I know you're extremely busy, and but you would do
anything for family. That's the type of person you are,

(04:25):
Ray Madeline, and I greatly appreciate that.

Speaker 4 (04:28):
Yeah. Well we I mean we had a great a
celebration and we went out to dinner every night somewhere
different and awesome.

Speaker 5 (04:39):
Yeah.

Speaker 4 (04:39):
Yeah, And I cleaned his closet out, I organized his kitchen,
I moved some furniture around and yes, so yeah.

Speaker 2 (04:50):
Now how's he adjusting over there? Pretty well?

Speaker 4 (04:53):
Much better. Yes, it was hard at first, as you
well know, but you know, it was just it was
it was a tranansition.

Speaker 2 (05:00):
Well, of course, if you live in a home for
over sixty years that you built and then you had
to move I know through you know, unfortunate circumstances. I
think I personally, not to interrupt you, I think it's
a great place.

Speaker 1 (05:13):
I really do.

Speaker 4 (05:14):
I do too. The food is fabulous and we like they, William,
their chapel was so beautiful and the owner is the
one who gives the service. And he started fellowship back
in nineteen seventy six and now he claims that he's

(05:36):
more like the landscaper. He waters the plants and he
gives the church service every Sunday, and then they have
readings with Buddy, you know, a few times a month.
There's like a Sunday school class. What a nice guy
and nice family. But yes, we have fun. And Dad

(05:59):
would never play bingo, you know, he said it's not
my thing. And after lunch one day, it's like, Dad,
let's check this out. And he said, no, no, I'm
not playing bingo. It was like, Dad, we're going to
play bingo. And we had so much fun. William. Oh,
we were so close, so close, and every time, like

(06:21):
someone will win, they get a quarter. And then the
very last game was a coverall you know, you had
to get everything on a sheet, you know, on a card,
and I won.

Speaker 6 (06:34):
No why, William, I yelled, I think I have bingo
and you know, and I just threw my arms up
in the air and it was like, I've never woned
bingo and I got two quarters.

Speaker 2 (06:46):
Oh, just congratulations, Moms. You got fifty cents. That's incredible.
If it were the twenties, I yeah, that would go
very far.

Speaker 7 (06:55):
Yes.

Speaker 4 (06:56):
And Dad has this beautiful little wooden box that it
will Moms a decorative piece, and it's on his bureau
and so I put the two quarters there. It's like, okay, Dad,
this is the beginning of our winnings. When I come back,
I want this box to be covered with quarters.

Speaker 5 (07:16):
Man.

Speaker 1 (07:16):
That makes me happy to hear.

Speaker 4 (07:18):
It was so much fun. It was so much fun,
and we watch movies together. It was good. It was
really good.

Speaker 2 (07:25):
Yeah, you can't beat that quality time. You really can't
beat that spending time with him. I'm just no. The
fact you went out of your way to do it,
I think it just again says a lot about you
and what you two were able to accomplish and celebrate.
That's really beautiful because a lot of folks they, you know,
the life gets busy and you kind of you might
put certain things like this off, but then once you

(07:47):
do it, you don't regret it at all.

Speaker 4 (07:49):
I know I talk to him a calling, you know,
every day. But it's different being there in person. It's
so much better a million times.

Speaker 2 (07:58):
Yeah, you're with him, able to do things absolutely different perspective. Well,
that's great. I'm very happy to hear that, and all
I think we'll wrap up talking a little bit about
Bryant University and my college experience.

Speaker 4 (08:12):
And I'm dying. I don't even know what all has happened.

Speaker 2 (08:15):
Holy moly, it wasn't until you left Tail. It wasn't
until you left that my plate started to get full.

Speaker 1 (08:22):
And I've had.

Speaker 2 (08:24):
Multiple presentations since then. In my business class, I had
to give a G pitch presentation, which is you create
a business idea and you have to give a short
and sweet presentation trying to sell your idea. We won
our class and then we went to the finals where
all the classes compete with each other, and our group,
one Punch Out Imports, was our name, and we're a

(08:45):
nonprofit company and our goal is to take refurbished baseball
gear from the United States and we're going to resell
it down to the Dominican Republic for something like a
ninety percent marked down price. So as many of you
are probably familiar with and if you're not, I'll let
you know, baseball is a very expensive sport that's even
for children, and go up to one hundred and fifty dollars.

Speaker 1 (09:07):
You know, once they.

Speaker 2 (09:08):
Grow up a little bit, anything could happen. A year's
worth of growth can be you know, a huge margin,
and the bat doesn't it's too small for them, or
the baseball gear doesn't fit them anymore, or their hands
got bigger and the glove doesn't fit, or they can't
wear the cap anymore. Those pieces, and you know, and
equipment and baseballs, things that sit in the closet and

(09:28):
don't get used. We would want to collect all those,
and we would go to Easton and Rallings and all
the manufacturers and ask them for their defective products which
still work but might have a paint chip on them
and they can't sell them, and they would donate those.
We would want to partner with the MLB and basically
collect it all together and use money that was provided

(09:49):
from them or from donors and from payments and sales
that we made down south, and we bring it all
the way down to the American Republic, either through see
or air freight, and then we'd set up shops, probably
starting in Santo Domingo and then we'd branch out to all.

Speaker 1 (10:03):
The major baseball cities.

Speaker 2 (10:04):
And when we lived down there, we remember kids we
were playing with sticks and bottle caps.

Speaker 4 (10:11):
They have William, they they go for it. Let me
ask you a question real quick. Was this your idea?

Speaker 1 (10:18):
It was?

Speaker 2 (10:19):
And we all explained the element. Of course, I mean our.

Speaker 4 (10:22):
Country probably we learned firsthand. We did what they're up
against in that country.

Speaker 2 (10:29):
I'm not trying to take any credit here the team.
It wasn't for the team making an incredible presentation, working
so well together.

Speaker 1 (10:37):
You wouldn't have been able to do it.

Speaker 2 (10:38):
It really was a joint effort, and everybody worked so
hard on it, and we had so much fun. I
think that was the biggest thing of all, because I mean,
you know, it's just business class. It's you know, we
weren't necessarily trying to win. We just were really passionate
and just had fun. And I remember the day of
the first presentation, the professor said business casual and we
all showed up in suits. We decided to overdress and we.

Speaker 1 (10:59):
Saw you're real.

Speaker 4 (11:00):
I saw your real. I showed it to Poppy. Oh,
so I did see that, yes, yeah, and so I
got congratulations. That is fabulous, Thank you so much. I
got a little thing for the LinkedIn.

Speaker 2 (11:14):
And that I have another presentation that I had to
give on Friday right before this show, and that I
had another one right out after that. At Kelly Financial,
life has been busy, but in a very good way.
It wasn't until you left that it really started to skyrocket.
And you know what, I'm not even that stressed about it.

Speaker 1 (11:32):
I kind of like it.

Speaker 2 (11:32):
I really like all the work Entrepreneurship Center here. I've
been talking a lot with them and just you know,
also thinking about internships and what companies do I want
to work for and bring all that knowledge back to
Kelly Financial and become a more well rounded person. You know,
we have black Rock fifty five, IP, John Hancock, maybe
a consulting firm like Mackenzie. I'd really like to get

(11:54):
out there and learn the ropes of an industry.

Speaker 4 (11:56):
I love it. William Do keep us on your dial.
We've got a lot a lot of great content coming
your way. Mike do Set and Greg Workman will break
down what retirees say they do differently and how thoughtful
planning today may help you avoid those same regrets. Tomorrow, Mary,
Madeline Kelly and Greg Murray will talk about the difference

(12:16):
between staying busy with your finances and making meaningful progress
towards your long term goals. When William and I return,
will walk through simple, meaningful ways to start the legacy
conversation your family may be avoiding but will truly appreciate.
And of course we'll close the hour with some win

(12:37):
and wisdom from the late Bill Kelly. His words continue
to inspire and guide us. That's a wrap for forever.
Young Thank you for listening, and William, thank you for
joining me. We'll be back with more great content. I
love you, honey, I love you too.

Speaker 5 (13:00):
Ready to enjoy your golden years without worry. At Kelly Financial,
we know retirement planning can be overwhelming. With more than
twenty three years of experience, our friendly team of advisors
makes it easy and stress free. Trust us to help
you create a secure and enjoyable future.

Speaker 1 (13:18):
For a free.

Speaker 5 (13:18):
Initial retirement consultation called eight eight eight eight hundred eighteen
eighty one or email Killy at Kellyfinancial dot org. We're
Kelly Financial. Come retire with us.

Speaker 8 (13:30):
Okay, my friends, here's a question worth asking. Why does
so much retirement advice still assume everyone's life followed the
exact same script, because the reality is it didn't. For
many women, retirement often looks very different. Women tend to
live longer, many step away from the workforce at different
times to raise children or care for family members, and

(13:51):
later in life, many women find themselves managing finances on
their own. Those realities can create different planning consay iterations
when it comes to retirement. This is why the team
at Kelly Financial created a guide. It is called Women
Retire to Absolutely Free. The guide walks through some of
the realities women facing retirement and highlights planning ideas to

(14:15):
help women feel more confident and prepared.

Speaker 1 (14:18):
So to get your free copy, call.

Speaker 8 (14:21):
Eight eighty eight hundred eighteen eighty one eight eighty eight
eight hundred eighteen eighty one or email Kelly at Kelly
Financial dot org Kelly at Kelly Financial dot org.

Speaker 7 (14:34):
Welcome back to Save Money Strategies. I'm Mike Ducett alongside
Greg Workman. Thanks for joining us again this weekend. Last
week we had a great conversation about your retirement bucket list,
those things you've always wanted to do once you finally
have the time travel, family experiences, really designing what retirement
looks like for you. But Greg, today we're going to

(14:55):
flip that conversation a bit.

Speaker 9 (14:57):
Yeah, Mike we are. Last week was all of what
you want to do in retirement. Today we're talking about
something just as important, maybe even more important, what retirees
wish they had done differently.

Speaker 7 (15:12):
And this is where it gets really interesting, because there
have been several studies recently showing that a majority of retirees,
more than sixty percent, say if they had a do over, they.

Speaker 1 (15:23):
Would plan retirement differently.

Speaker 9 (15:25):
That's a big number and it tells you something. Retirement
isn't just about getting there financially, it's about how you
live once you get there exactly.

Speaker 7 (15:35):
And what stood out to me Greg is that these
regrets aren't just about money, not even close. They're about time, health, family,
and opportunities that people thought they'd get too later.

Speaker 9 (15:48):
And Mike, that's something we see all the time when
we sit down with clients. Before we go any further,
I do want to mention any examples that we share
today on the broadcast are hypothetical, but they're based on
real life situations and patterns that we see every day
working with retirees and pre retirees.

Speaker 1 (16:07):
That's right.

Speaker 7 (16:08):
These are real themes, even if the names and details
are generalized. So greg when you think about retirees who
look back and say, I wish I had done this differently,
where you usually see that conversation start?

Speaker 9 (16:20):
Honestly, it usually starts with something simple but powerful. I
thought I had more time. That hits home and it
shows up in a few different ways. Some people waited
too long to retire, Others delayed travel. Some focused so
much on saving that they never shifted into actually enjoying
what they built.

Speaker 7 (16:39):
Let's bring this to life with an example. Let's talk
about Joe and Maria.

Speaker 9 (16:43):
Great example, again hypothetical, but very representative of what we see.

Speaker 10 (16:49):
Joe and Maria did a lot of things right.

Speaker 9 (16:51):
Joe worked for over forty years, Maria worked part time
while raising their family. They saved, consistently, ributed to their
four to one ks, and paid off their house on paper.
They were in really good shape, the kind.

Speaker 7 (17:06):
Of people who would say we checked all the boxes exactly.

Speaker 10 (17:09):
But here's where things started to shift.

Speaker 9 (17:12):
Joe always said he was going to retire at age
sixty five, but when sixty five came around, he pushed
it out to sixty seven and then age sixty eight.
Part of it was financial caution, part of it was
just habit.

Speaker 10 (17:26):
He'd been working his whole life.

Speaker 1 (17:28):
We see that a lot. It's hard to flip that switch.

Speaker 9 (17:31):
It is, And unfortunately, after about a year when Joe
finally retired, he started dealing with some health issues, nothing catastrophic,
but enough that it changed what they could do.

Speaker 10 (17:43):
Travel became a little bit harder, long.

Speaker 9 (17:46):
Flights weren't appealing, and some of the more active things
they had planned just weren't realistic anymore.

Speaker 1 (17:53):
And that's where the regret comes in exactly.

Speaker 9 (17:56):
Maria said something that really stuck with me. She said,
we kept saying next year, and then next year never
came and things were different.

Speaker 1 (18:06):
Well, that's powerful, And again this isn't about blame.

Speaker 9 (18:09):
They did a lot of good things financially, but they
didn't fully align their retirement timing with their life goals.

Speaker 7 (18:17):
So, greg based on what you see in what these
studies are showing, retirement regret really falls into.

Speaker 1 (18:23):
A few categories.

Speaker 9 (18:24):
It does, and I'd break it down into three main areas.
The first is financial regret. This is an obvious one,
you know, not saving enough, not saving early enough, claiming
Social Security too early, not having a clear income strategy
along the way, and a big one that we see,

(18:46):
not understanding how to turn savings into a retirement paycheck right.

Speaker 7 (18:52):
Because accumulating money and using it are two very different things.

Speaker 10 (18:56):
Now, the second area is lifestyle regret.

Speaker 9 (18:59):
This is where they get a little bit emotional, waiting
too long to do the fun stuff like travel, working
longer than you need to, not enjoying the go go years,
those early active years of retirement.

Speaker 1 (19:13):
That ties directly into last week's show.

Speaker 9 (19:15):
It does because those go go years they're limited, and
once they're gone, you don't get them back. And the
third area is personal regret. This might be the biggest one.
Not prioritizing your health, not spending enough time with family,
and not having a clear sense of purpose in retirement.

Speaker 7 (19:36):
That last one is huge. People plan financially, but they
don't plan what they're retiring to.

Speaker 9 (19:42):
Exactly, and when you don't have that clarity, it's easy
to drift or to delay the things that really matter.

Speaker 7 (19:51):
So if we step back and look at this greg
the common thread isn't just money, it's timing.

Speaker 10 (19:56):
That's right.

Speaker 9 (19:57):
Retirement regret is rarely about one bit big mistake. It's
usually about a series of small decisions repeated over time.
For instance, saying I'll wait one more year and then
I'll retire. We'll take that trip later on down the road.
I'll slow down eventually, and eventually things change.

Speaker 7 (20:19):
Health changes, energy changes, priorities change exactly.

Speaker 9 (20:24):
And one of the most important things we try to
do with clients is help them with their financial plan
and it's connection to their life timeline. Not just can
I retire, but one should I retire to get the
most out of my life.

Speaker 1 (20:39):
When we come back, we're going to take this a
step further.

Speaker 7 (20:42):
If you're listening right now and thinking I don't want
those regrets, We're going to walk you through the biggest
preventable mistakes and how to build a plan that is
aimed at giving you both financial security and the freedom
to actually enjoy retirement.

Speaker 9 (20:55):
Because the goal isn't just to retire, it's to retire
well with us.

Speaker 1 (21:00):
We'll be right back.

Speaker 3 (21:05):
Kelly Financial Services eight eight eight hundred, eighteen eighty one.

Speaker 11 (21:11):
It's sorry what you've done. That's important, but it's the
challenge it has been.

Speaker 5 (21:14):
Sir Edmund Hillary said those words after reaching the summit
of Mount Everest, but in climbing, the decent is just
as perilous as the acent, and the same is true
in retirement planning. Learn why call Kelly Financial Services today
for a retirement consultation.

Speaker 1 (21:31):
Call eight eight eight eight.

Speaker 5 (21:32):
Hundred eighteen eighty one or visit Kellyfinancial dot org. What
goes up Must come down.

Speaker 1 (21:38):
We're Kelly Financial. Come Retire with us.

Speaker 4 (21:41):
I'm Kelly Kelly from Kelly Financial. Is your financial advisor
a fiduciary? In other words, are they legally required to
act in your best interest? My complimentary book, Retire Your Fear,
Plan Your Future explains what a fiduciary is and will
help you understand if an advisor is really putting you first.
For the book, call eight eight eight eight hundred and

(22:03):
eighteen eighty one or email Kelly at Kellyfinancial dot org.
We're Kelly Financial. Come Retire with us.

Speaker 3 (22:11):
The Money Wrap with Kelly Financial Advisors Greg Murray and
Mary Madeline Kelly.

Speaker 11 (22:18):
Good morning.

Speaker 12 (22:19):
This is Greg Murray, Senior Vice president and Chief Compliance
Officer at Kelly Financial Services. Joining me today is Mary
Madeline Kelly, one of our wealth advisors.

Speaker 1 (22:27):
How are you doing today?

Speaker 13 (22:28):
Good morning, Greg. I am doing well. Life has been
pretty great the past week. Weather is getting warmer, people
are spending more time outside, which means people are feeling
happier and less stressed. I've definitely been enjoying it now
that I don't have to bundle up for my runs,
speaking of which I will actually be running another half
marathon next week.

Speaker 12 (22:48):
That's great, and you're right, the weather really does make
a difference. Everything just feels a little easier this time
of year when you can get outside without all the layers.
In the half marathon, that's exciting.

Speaker 13 (22:57):
Where's the race, Providence, Rhode Island, close to home, Providence.

Speaker 1 (23:00):
That's a great course.

Speaker 12 (23:01):
And honestly, this time of year, you never quite know
what you're going to get for race day. It could
be perfect running weather or it could keep things interesting.
But either way, I'm sure you'll be ready.

Speaker 4 (23:11):
Let's hope things don't get too interesting.

Speaker 1 (23:13):
Well.

Speaker 13 (23:14):
I am really excited about today's topic because I think
it's something that almost everyone can relate to. The difference
between being busy and actually being financially productive.

Speaker 12 (23:24):
That's right, and at first plans those two things have
feel like the same thing. People are working hard managing accounts,
reading articles, checking the markets, and then it all.

Speaker 1 (23:33):
Feels productive exactly.

Speaker 13 (23:35):
But being busy with your finances doesn't necessarily mean you're
making progress, and that's where people can sometimes get stuck.
They're putting an effort but not seeing the results they expect.

Speaker 1 (23:45):
So let's start there. What does it mean to be
financially busy?

Speaker 13 (23:48):
Being financially busy often looks like constantly checking your accounts,
reacting to market headlines, moving money around frequently, or spending
a lot of time thinking about short term decisions.

Speaker 12 (24:00):
Right, it can feel like you're being proactive, but sometimes
it's more about activity than direction.

Speaker 13 (24:05):
And financial productivity, on the other hand, is about focusing
on the actions that actually move the needle over time, so.

Speaker 12 (24:11):
Things like setting a saving strategy and maintaining a long
term investment plan, managing risk appropriately, and making thoughtful decisions
about taxes and income.

Speaker 13 (24:19):
Yes, it's about alignment and consistency, not constant activity.

Speaker 11 (24:24):
One of the.

Speaker 12 (24:24):
Biggest differences between being busy and being productive is focus.
Busy activity is often scattered. Productive activity is intentional, and.

Speaker 13 (24:32):
For example, someone might spend a lot of time researching
individual investments, but if they don't have a clear overall strategy,
that effort may not lead to meaningful progress.

Speaker 12 (24:42):
Another difference is time horizon. Busy financial behavior tends to
be short term focused.

Speaker 13 (24:47):
Yes, reacting to daily market movements or headlines, but productive
financial decisions are usually tied to long term goals, and of.

Speaker 12 (24:54):
Course, investing evolves risk, including the potential loss of principle.
Trying to consistently adjut based on short term events can
sometimes increase that risk rather than reduce it.

Speaker 13 (25:04):
Another key difference is emotional energy. Being financially busy often
comes with stress, feeling like you always have to be
doing something.

Speaker 12 (25:12):
Whereas financial productivity tends to create confidence and clarity. You
know what your plan is and you trust the process.

Speaker 13 (25:18):
Yes, it's the difference between reacting and following a strategy.

Speaker 12 (25:21):
We also see this when it comes to saving. Someone
might constantly think about saving but not actually automate contributions.

Speaker 13 (25:27):
Thinking about it feels like progress, but taking action, even small,
consistent action, is what actually builds results over time.

Speaker 1 (25:35):
Another example is organization.

Speaker 12 (25:36):
People may spend time reviewing accounts but not actually consolidating
or simplifying where appropriate, and that.

Speaker 13 (25:42):
Complexity can make it harder to make good decisions going forward.

Speaker 12 (25:45):
So if someone is listening and thinking, I feel busy financially,
but I'm not sure I'm making any progress.

Speaker 1 (25:50):
What should they do?

Speaker 13 (25:51):
A great place to start is asking what actions actually
move me closer to my goals. That might be increasing savings,
reviewing your investment action, or creating a clear income path
for retirement.

Speaker 1 (26:03):
And simplifying where possible.

Speaker 12 (26:04):
Sometimes less activity leads to better outcomes exactly.

Speaker 13 (26:08):
Focus on the big decisions, not the constant small adjustments, because.

Speaker 12 (26:12):
When you get the big things right, the smaller things
tend to matter less.

Speaker 2 (26:15):
And that's a huge shift for people.

Speaker 13 (26:17):
It frees up time and reduces stress.

Speaker 12 (26:19):
So, to summarize for our listeners, being financially busy is
about activity, while being financially productive is about progress.

Speaker 13 (26:25):
And progress comes from intentional decisions, consistency, and alignment with
your long term goals.

Speaker 12 (26:30):
And as always, every financial situation is unique and investing
of all's risks, including the potential loss of principle. Decisions
should always be made in the context of your personal
goals and circumstances.

Speaker 13 (26:41):
But the key takeaway is simple, It's not about doing more,
it's about doing what matters.

Speaker 12 (26:45):
Well said, if you'd like help focusing your financial efforts
on what truly.

Speaker 1 (26:49):
Makes a difference.

Speaker 10 (26:49):
Give us a call.

Speaker 1 (26:50):
We'd be happy to walk you through your situation.

Speaker 13 (26:52):
Absolutely well, Greg, have a great weekend and I'll see
you next week.

Speaker 3 (26:56):
To get in touch with Greg Murray or Mary, Madeline
Kelly or any member of the Kelly Financial team called
at eight eight hundred eighteen eighty one. Safe Money Strategies
with William Kelly and Kelly Kelly. Call the team on
at eight eight hundred eighteen eighty one.

Speaker 4 (27:22):
Welcome back to Save Money Strategies. I'm Kelly Kelly here
with my son William Kelly Junior.

Speaker 2 (27:30):
And this is one of those topics that almost every
family knows they should address, but very few actually do.

Speaker 4 (27:35):
That's exactly right. When we talk about legacy, whether it's finances, healthcare, wishes,
or even just how things should be handled, it can
feel uncomfortable, it can feel emotional, and because of that,
families tend to avoid it.

Speaker 1 (27:52):
And it's not because they don't care.

Speaker 2 (27:54):
In many cases, it's because they care so much that
they don't.

Speaker 1 (27:57):
Know how to begin.

Speaker 4 (27:58):
So what happens people's say we'll get to it later,
and later turns into someday, and someday turns into never, And.

Speaker 2 (28:07):
The challenge with that is avoiding the conversation doesn't eliminate
the decisions. It simply shifts the burden onto the people
you care about the most.

Speaker 4 (28:15):
That's such an important point. What you don't talk about
today can become your family's responsibility tomorrow.

Speaker 2 (28:24):
And it's not just responsibility uncertainty, because when there isn't clarity,
families are left trying to figure things out during already emotional.

Speaker 4 (28:32):
Moments, and that's where we often see stress, even in
very close families, without communication, people are left guessing.

Speaker 1 (28:41):
And that guessing can lead to misunderstandings.

Speaker 2 (28:44):
It can be about financial decisions, healthcare choices, or even
something as simple as sentimental belongings.

Speaker 4 (28:49):
Exactly and sometimes is not even disagreement is hesitation. People
are afraid of making the wrong decision because they don't
know what the right one would have been.

Speaker 2 (29:02):
That's a great point, and that hesitation can add another
layer of stress during a time that's already emotional.

Speaker 4 (29:07):
And even when families have documents in place, even when
they've done some level of estate planning, is those decisions
that haven't been discussed, it can still feel unclear.

Speaker 2 (29:20):
That's an important distinction, and a state plan without conversation
is often just paperwork, and this.

Speaker 4 (29:25):
Is where the conversation goes. Beyond finances, One of the
most important areas families tend to delay is healthcare.

Speaker 2 (29:34):
Yes, and especially coming off National health Care Decisions day
earlier this month. It's a good reminder that these conversations
are meant to happen before crisis, not.

Speaker 4 (29:43):
During one, because during a crisis, emotions are high, decisions
are urgent, and families are trying to do the best
they can. But without clarity, it can feel overwhelming.

Speaker 2 (29:56):
And many people assume my family knows what I would want.
Often those things have them been clearly communicated, and.

Speaker 4 (30:02):
It's not because families aren't paying attention. Is simply that
these conversations haven't taken place.

Speaker 2 (30:09):
Which is why having them early when things are calm
can make such a difference. It creates peace of mind
for everyone involved, and it.

Speaker 4 (30:16):
Also allows for thoughtful discussion. You're not rushed, you're not reaching.
You're actually able to explain what matters to you and why.

Speaker 2 (30:26):
And that why is so important because it helps people
understand the reasoning behind your decisions, not just the decisions themselves.

Speaker 4 (30:33):
And beyond healthcare and finances, there's another piece of this
that we think is just as important, and that's values.

Speaker 2 (30:42):
Because legacy isn't just about what you leave behind financially,
it's about what you stand for.

Speaker 4 (30:47):
It's about the lessons, the experiences, and the perspective you
pass on.

Speaker 1 (30:52):
And we're seeing where families shift.

Speaker 2 (30:54):
They're thinking it's not just how much are we leaving,
it's what do we want this to meet?

Speaker 4 (30:59):
Exactly. When you share your story, how you built your life,
what mattered most, it gives context to your decisions.

Speaker 2 (31:07):
And that context helps the next generation understand not just
what they're receiving, but why.

Speaker 4 (31:12):
Because without that understanding, even well intentioned plans can feel confusing.

Speaker 1 (31:18):
Or even burdensome.

Speaker 4 (31:20):
And sometimes without the context, people can misinterpret intentions altogether,
which is something no family wants.

Speaker 2 (31:28):
That's right, and that's why values are such an important
part of the legacy. There what's stay with your family
long after the numbers are gone.

Speaker 4 (31:35):
And when those values aren't clearly communicated, families often rely
on assumptions, and assumptions can create risk because every family
is different. One person may feel comfortable taking on responsibility
while another may feel overwhelmed by it, and if.

Speaker 2 (31:52):
Those expectations aren't discussed ahead of time, it can lead
to tension later on.

Speaker 4 (31:57):
Even small misunderstandings can grow to larger issues over time, which.

Speaker 2 (32:02):
Is why open conversations help bring alignment. They help bring clarity.

Speaker 4 (32:07):
And they give everyone a voice in the process, which
can be incredibly value for families.

Speaker 2 (32:13):
And ultimately they help bring families closer together.

Speaker 4 (32:16):
And that's exactly why we created a resource to help
guide those conversations is called the Greatest Gift. Outline your
Wishes with an Estate Plan.

Speaker 2 (32:27):
It's designed to walk through key decisions like wills, trusts,
healthcare wishes and organizing important information in a way that's
simple and approachable.

Speaker 4 (32:36):
Because the goal here isn't complexity, is clarity.

Speaker 2 (32:40):
Helping you step back, look at your full picture and
make sure your wishes are clearly understood.

Speaker 4 (32:45):
Because the greatest gift you can leave your family isn't
just assets.

Speaker 1 (32:50):
It's clarity.

Speaker 4 (32:51):
And when we come back, we're going to walk through
how to actually start these conversations, what to say, and
how to make them feel more natural.

Speaker 3 (33:03):
Safe Money Strategies brought to you by Kelly Financial Services.
Call eight eight eight eight hundred, eighteen eighty one or
visit Kelly Financial dot Allready.

Speaker 5 (33:14):
Well, there's nothing like the crew races on the Charles River.
When the boats cross the finish line, all the components
must be functioning consistently at exceptional levels. High performance equipment,
mentally tough and physically fit rowers, the passion to win,
and perhaps most importantly, seamlessly integrated teamwork. Likewise, the retirement

(33:38):
rivers we row also require these very qualities. Who's part
of your retirement crew? For more than twenty three years,
the advisors at Kelly Financial Services have helped families in
the Greater Boston area take command of their financial futures.
So call eight eight eight eight hundred eighteen eighty one
or visit Kellyfinancial dot Org for an appointment at Kelly Financial.

(34:02):
We believe you've got to have the right team and
crewe and in retirement, how will you cross the finish line?
Here Kelly Financial Services.

Speaker 3 (34:11):
Come retire with us Safe money Strategies with William Kelly
and Kelly Kelly. Call the team on eight eight eight hundred,
eighteen eighty one.

Speaker 4 (34:28):
Welcome back to save Money Strategies. I'm Kelly Kelly here
again with my son William Kelly Junior.

Speaker 2 (34:36):
And in the last segment we talked about why these
conversations matter and what can happen when they don't take place.

Speaker 4 (34:41):
So now the question becomes how do you actually start?

Speaker 2 (34:45):
Because knowing you should have the conversation is one thing.
Starting it is something else entirely.

Speaker 4 (34:50):
And this is where we want to simplify it. These
conversations don't have to feel formal, they don't have to
feel overwhelming.

Speaker 2 (35:00):
Fact, one of the easiest ways to begin isn't with
finances at all.

Speaker 4 (35:03):
It's the stories, talking.

Speaker 2 (35:05):
About how you grew up, what money meant to you,
and the lessons you learned along the way.

Speaker 4 (35:09):
Because stories create connection, they reduce tension and help people
understand your perspective.

Speaker 2 (35:16):
And they also make the conversation feel natural, more like
something you'd share around the table, not something that feels scripted.

Speaker 4 (35:23):
Or forced exactly. And when you start there, it allows
everyone to ease into the conversation instead of feeling like
they're being brought into something heavy right away.

Speaker 2 (35:34):
And once that connection is there, it becomes much easier
to transition into what matters.

Speaker 4 (35:38):
Most, which brings us to values.

Speaker 2 (35:41):
Because every financial conversation is really a conversation about values.

Speaker 4 (35:46):
What's important to your family? Is it generosity, responsibility, independence,
or education?

Speaker 2 (35:53):
What do you want your legacy to represent?

Speaker 4 (35:55):
And sometimes people haven't fully thought through that until they
begin talking about it out loud.

Speaker 2 (36:02):
That's true, and having that conversation together can actually help
families discover those values as a group, not just individually.

Speaker 4 (36:09):
And when those values are clear, they help guide future decisions.

Speaker 2 (36:13):
Not just for you, but for your family as well, and.

Speaker 4 (36:16):
It gives context to future choices, which can make decision
making feel less overwhelming down the road, and it shifts.

Speaker 1 (36:24):
The conversation away from control.

Speaker 4 (36:25):
And towards shared purpose.

Speaker 2 (36:27):
Which tends to create a much more positive dynamic within families.

Speaker 4 (36:31):
And once values are clear, the next step is defining
roles and responsibilities.

Speaker 2 (36:37):
This is an area where many families way too long.

Speaker 4 (36:39):
Talking about who will serve as executor, trustee, or decision
maker and why is incredibly important, and.

Speaker 2 (36:48):
That why matters just as much as the decision itself.
It helps people understand the reasoning behind those choices.

Speaker 4 (36:54):
And it gives those individuals the opportunity to ask questions
ahead of time when things are calm, and just.

Speaker 2 (37:02):
As importantly, it gives them the opportunity to say whether
they feel comfortable taking on that.

Speaker 4 (37:07):
Role, because what may seem like a natural fit to
one person might feel overwhelming to another exactly.

Speaker 2 (37:14):
And having that clarity can prevent a lot of stress later.

Speaker 4 (37:17):
On, because clear roles today help prevent difficult decisions later.

Speaker 2 (37:22):
And beyond rules, there are practical details. Families should understand.

Speaker 4 (37:26):
Things like where important documents are stored and how to
access them.

Speaker 2 (37:31):
And this is one of those areas that's often overlooked
but can make a significant difference.

Speaker 4 (37:35):
You don't need to share every detail, but your family
should know where to go when they need information.

Speaker 2 (37:41):
Whether that's a secure digital location or a central place
in your home.

Speaker 4 (37:44):
Because in moments of urgency, even knowing where to begin
can reduce stress.

Speaker 2 (37:50):
And it removes the need for people to search guests
or worry about missing something important.

Speaker 4 (37:56):
And there's one more area that can make a significant
difference planning ahead for financial wishes.

Speaker 2 (38:02):
This is often one of the most difficult topics, but
also one of the most meaningful.

Speaker 4 (38:06):
Because decisions around services and personal preferences can be overwhelming
during emotional moments.

Speaker 2 (38:13):
And even simple details like music, location or type of
service can make a meaningful difference, and.

Speaker 4 (38:19):
When those wishes are clearly communicated, it removes a tremendous
burden from your family.

Speaker 2 (38:25):
It allows them to focus on honoring your life rather
than trying to make decisions under pressure.

Speaker 4 (38:30):
And from a practical standpoint, it can help families prepare
for expenses ahead of time.

Speaker 2 (38:37):
Which can reduce both emotional and financial stress.

Speaker 4 (38:40):
And again, this all comes back to clarity.

Speaker 2 (38:43):
Clarity and difficult moments is one of the most thoughtful
things you can give.

Speaker 4 (38:46):
Your family, and for many families, the challenge isn't knowing
these conversations are important, is knowing where to.

Speaker 2 (38:53):
Begin, and that's exactly why we created the greatest gift.
Outline your Wishes with an Estate Plan.

Speaker 4 (38:59):
Is a step by step resource design to help you
organize your thoughts before starting the conversation.

Speaker 2 (39:06):
It walks through a state planning basics, healthcare decisions, and
practical considerations in a clear and approachable way.

Speaker 4 (39:12):
Because preparation isn't about control.

Speaker 2 (39:15):
It's about giving your family confidence.

Speaker 4 (39:17):
And if this is something you've been thinking about but
haven't quite taken that first step, we'd be happy to help.

Speaker 2 (39:24):
If you'd like a complimentary copy of the greatest gift.
You can give us a call at eighty eight eight
hundred one eightiot.

Speaker 4 (39:30):
One or send us an email at Kelly at Kellyfinancial
dot org and we'll make sure you receive the copy.

Speaker 2 (39:37):
Because getting organized and having these conversations now can make
all the difference later.

Speaker 4 (39:42):
We'll see you next week right here on Safe Money Strategies.

Speaker 3 (39:48):
Safe Money Strategies brought to you by Kelly Financial Services.
Call eight eight eight eight hundred eighteen eighty one or
visit Kellyfinancial dot org.

Speaker 7 (40:00):
Welcome back to Save Money Strategies. I'm Mike du sat
alongside Greg Workman. If you're just joining us, today's conversation
is a follow up to last week's show on your
retirement bucket List, but today we're looking at the other
side of that coin, what retirees wish they had done
differently and how to avoid those same regrets.

Speaker 9 (40:17):
And Mike, in the first half of the show, we
talked about how these regrets tend to fall into three
categories lifestyle, financial, and personal, and the common thread among
them is really one thing.

Speaker 10 (40:30):
It's timing.

Speaker 11 (40:32):
Right.

Speaker 7 (40:32):
People assume they have more time, more health, more flexibility.

Speaker 1 (40:37):
Than they actually do.

Speaker 9 (40:38):
Here's the encouraging part of this conversation. Most retirement regrets
are actually preventable. They're not the result of bad luck.
They're the result of not having a coordinated plan.

Speaker 7 (40:51):
That's an important distinction, because if you can identify these
patterns ahead of time, you can make better decisions before retirement,
not after, exactly.

Speaker 10 (40:59):
So let's talk talk about what a do over really
looks like.

Speaker 9 (41:03):
If someone could go back and do it all again,
what would they change.

Speaker 1 (41:08):
Let's walk through another example.

Speaker 10 (41:09):
Sure, let's talk about Susan.

Speaker 9 (41:12):
Again, hypothetical example, but very reflective of real life situations
that we see in our practice.

Speaker 10 (41:19):
Susan retires at age sixty four.

Speaker 9 (41:21):
She's done a great job saving she has about nine
hundred thousand between.

Speaker 10 (41:26):
Her four oh one K and IRA.

Speaker 9 (41:28):
She doesn't have a pension, but she does have a
healthy level of social security retirement benefit.

Speaker 10 (41:35):
On paper, Susan is feeling pretty confident.

Speaker 1 (41:38):
That probably sounds like a lot of people listening right.

Speaker 9 (41:41):
Now, exactly. But here's where things start to unravel a
little bit. Susan claims social security right away at age
sixty four.

Speaker 10 (41:51):
She figures, I'll take it now and I'll enjoy it.

Speaker 9 (41:55):
At the same time, she's withdrawing from her investment accounts
without a clear income strategy, just kind of taking money
as she needs.

Speaker 1 (42:04):
It, So no real structure to the withdrawals.

Speaker 9 (42:07):
Right, no tax strategy, no income layering, just withdrawals. Then
a few years in she runs into a couple of issues.
Her taxes are higher than she expected, her portfolio takes
a downturn, and she's still withdrawing from it, and she
starts to worry, am I going to run out of money.

Speaker 1 (42:29):
Even though they started in a strong position?

Speaker 9 (42:31):
Exactly, And when we walk through a plan with someone
like Susan, a few things usually come up pretty quickly.
She may have been better off delaying her Social Security
retirement benefit.

Speaker 1 (42:45):
She could have.

Speaker 9 (42:45):
Structured her withdrawals more efficiently from a tax standpoint, and
she likely could have created more predictable retirement income.

Speaker 1 (42:55):
So her regret isn't that she didn't save enough.

Speaker 9 (42:57):
It's that she didn't have a distribution plan.

Speaker 1 (43:01):
So, Greg, let's make this really practical.

Speaker 7 (43:03):
Based on everything we've seen and the conversations you're having
every day, what are the biggest changes people would make
if they had that do over.

Speaker 9 (43:11):
I will boil it down to five key things. One
they would start with an income plan. Instead of just
focusing on how much you've saved, you should ask how
can I turn my savings into a paycheck coordinated withdrawals,
social Security timing, possibly pension or annuity income, because retirement

(43:34):
is no longer just about accumulating assets. It's about distributing
what you've saved. Number two, be more intentional about timing,
not just can I retire, but when should I retire?
To maximize my quality of life, and that includes health considerations,

(43:55):
travel goals, and family priorities.

Speaker 1 (43:58):
That's where Joe and Maria come back into.

Speaker 9 (43:59):
The exactly waiting isn't always the safer choice. The third
area is have a tax strategy.

Speaker 10 (44:09):
This is a big one that gets overlooked.

Speaker 9 (44:11):
For instance, what should you take from iras versus other accounts?
How to manage required minimum distributions? And how is Social
Security taxed? Given my financial snapshot and how things play out.
Without a strategy, you end up giving more to Uncle
Sam than necessary. The fourth area of consideration is planning

(44:35):
for health care and longevity. People underestimate this all the time,
health care costs, long term care considerations, living longer than expected.
The risk isn't just dying too soon. It's living longer
than your plan anticipated. The fifth area that requires some
consideration is planning around life, not just planning a around

(45:00):
your money. This might be the most important one. What
are you retiring?

Speaker 11 (45:05):
Two?

Speaker 9 (45:06):
Are you retiring to travel, to pursue hobbies, family time?

Speaker 10 (45:12):
And what is your purpose in retirement?

Speaker 9 (45:16):
Because without clarity, it's very easy to fall into routines
that don't really reflect what you actually wanted retirement to
look like.

Speaker 7 (45:25):
So when you look at those five areas, greg, what
you're really describing as a shift from a savings mindset
to a living mindset.

Speaker 9 (45:32):
That's exactly right. Most people spend thirty to forty years
focusing on building and accumulating assets, but retirement is about
using those assets to support your life, and if those
two things are not aligned, that's where regret shows up.

Speaker 7 (45:51):
So if you're listening today and thinking, I don't want
to look back with those kinds of regrets. The next
step is to get a plan in place that.

Speaker 1 (45:58):
Addresses all of these areas.

Speaker 9 (46:00):
That's why we put together our Safe Money Strategies workbook.

Speaker 10 (46:05):
It walks you through.

Speaker 9 (46:07):
Creating a retirement income plan, understanding social security, timing, building
tax efficient withdrawal strategies and aligning your financial plan with
your lifestyle goals.

Speaker 1 (46:19):
If you'd like a copy, give us a call. We'd
be happy to get that out to you.

Speaker 9 (46:22):
I'll leave you with this, Mike, Retirement regret isn't usually
about what people did wrong.

Speaker 10 (46:28):
It's about what they didn't do soon enough.

Speaker 1 (46:31):
That's a great way to put it.

Speaker 9 (46:32):
You don't get unlimited time in those early active years
of retirement, so the goal isn't just to have enough money.

Speaker 10 (46:39):
It's to make sure you're using your time, your.

Speaker 9 (46:42):
Health, and your resources in a way that truly reflects
what matters most to you.

Speaker 7 (46:49):
That's going to do it for today's show for Greg Workman,
I'm Mike Dust. Thanks for listening to save money Strategies.

Speaker 1 (46:54):
We'll see you next week.

Speaker 2 (47:00):
Hi everyone, this is William Kelly. Have you ever wished
you'd learned about money sooner? That's why I wrote Only
the Good Investor, on a simple, encouraging guide.

Speaker 1 (47:09):
With real world steps anyone can follow. I kept seeing the.

Speaker 2 (47:12):
Same thing people wishing someone had explained to basics earlier,
how to save, build good habits, avoid costly mistakes, and
create momentum even when.

Speaker 1 (47:21):
You're starting small.

Speaker 2 (47:22):
And while all investing involves risk, including the potential loss
of principle, learning the right habits early can make a
meaningful difference over time, whether you're eighteen or eighty. This
book is about confidence, clarity, and taking.

Speaker 1 (47:36):
That first step.

Speaker 2 (47:37):
If you have a child, a grandchild, or someone just beginning,
this is a thoughtful place to start for our listeners.
We're sending out complimentary copies. Just called eight eight eight,
eight hundred and twenty y one or email Kelly at
Kellyfinancial dot org and we'll.

Speaker 1 (47:52):
Send you one.

Speaker 2 (47:53):
You can also find it on Amazon or Kindle. I'm
William Kelly, and I hope this book helps someone you
love take their first step.

Speaker 8 (48:00):
Joining us now as she always does at this time.
She is the co founder, CEO, and president of Kelly
Financial Services, and yes, that is her wonderful.

Speaker 10 (48:14):
Name, Kelly Kelly Kelly.

Speaker 4 (48:18):
How are you good morning, Jeff, I am good. You
know this time of year, schedules start to slow down
just a bit. Families are together more, whether it's a weekend,
a cookout, or just being in the same place at
the same time, and those moments can be meaningful, but
they can also be the moments where important things go

(48:41):
and said things like what are your wishes? Who makes decisions?
If something happens, how do you want things handled? And
when those conversations don't happen, that's when confusion and stress
can fall on a family at the worst possible time.
That's why one we put together a helpful guide called

(49:02):
the Greatest Gift Outline your Wishes with an Estate Plan
is designed to walk you through key decisions so your
wishes are clearly understood. If you'd like a copy, give
us a call or email us at Kelly at Kellyfinancial
dot org. Jeff, have a wonderful weekend. My best of
Grace and the kiddos.

Speaker 8 (49:23):
Thank you, Kelly, all the best to you and everyone
at Kelly Financial. To get a free copy of that guide,
and I urge all of you if you can do
get it, call now eight eighty eight eight hundred eighteen
eighty one eight eighty eight eight hundred eighteen eighty one,
or you can actually email Kelly herself personally Kelly at

(49:45):
Kellyfinancial dot org. That's Kelly at Kelly Financial dot org.

Speaker 3 (49:56):
Safe Money Strategies at TATE eight hundred one eight eight one.

Speaker 4 (50:03):
Each week we like to share a moment from Bill
Kelly something that reminds us not just how he thought
about money, but how he thought about life. He believed
that no matter how busy things get, and no matter
how complicated life can feel, it's the simple things, family, perspective,
and staying grounded that matter most. This is one of

(50:27):
those moments that still feels just as meaningful today.

Speaker 11 (50:34):
Now, my grandfather came from Ireland. What was the problem
there while the ground was rotting because it was overfarmed.
Now why was it overfarmed? It was over farmed because
every so often the English would come over to Ireland
from England and they would divide the land up, and
they would tell the tenant farmers, those being the Irish,

(50:56):
that they would have a certain amount of land that
they could use for them south and a certain amount
that had to be used for the benefit of the crown.
And the proceeds from that land had to go to
the Crown, and the proceeds from the land designated for
the tenant farmer could go to anything they wanted to,
including the welfare of their families. That being said, every
so often the English would come back over and they

(51:19):
would redistrict what the tenant farmers could use for their
own use their own good and they would enlarge the
portion that the crown needed. And why did this happen, Well,
England Great Britain was an expansionist nation and they were
colonizing the world. They needed food and they needed supplies
in order to expand, and they would steepen these ratios

(51:44):
year after year till finally the Irish farmer could no
longer afford to leave a field unplanted, so they had
to plant and plant and harvest in order to live.
So by the eighteen twenties, thirties and forties, the ground
was with a sort of a disease, a blight that

(52:04):
went from plant to plant underground by the root. It
was a blight, it was a rot because the earth
is damped there and people were watching each other served
to death basically, and they decided to try to get
to the States. As a picture of my grandmother More
and my grandfather Kelly, and there's only one thing they
wanted to do, work in a mill. And if I
look at the census reports from eighteen seventy nine, eighteen eighty,

(52:28):
eighteen ninety, nineteen hundred, nineteen ten, their occupations were listed
as thread spinners, and that's what they did in the
Blackstone Valley. And they came to America because they wanted
a job in a mill. That's it. They didn't want
to become brain surgeons or own a ranch in Texas. So,
knowing what they knew about land ownership in Ireland, it

(52:52):
became very important for them to own land in America.
It was another dream. So to work in a mill,
to support their family, and to own property. Those were
the goals. They had seven children, one of whom was
my father. My grandfather bought a farm in the Blackstone Valley,
which is near the mills. He loved farming, he loved

(53:13):
the railroad, and he loved my grandmother too. So he
was living out his dream in America. The city of
Providence was booming at the time. The mills were all
at full tilt, the rivers were all in use to
power the mills. The city of Prominence needed water to
expand and they needed to build a reservoir. Well, we

(53:33):
didn't have Sea Span back then. We didn't have talk radio,
we didn't have the internet. We just had a group
of people that made a decision that a section of
the Blackstone Valley that was farms and open space and
land and small villages was going to be made into
a reservoir. So my grandfather stayed on his farm. He

(53:55):
wouldn't leave it. He stood at that farm with a
pitchfork when the share came to give him a notice
that they were going to give him four hundred and
six hundred whatever hundred dollars for this farm. And he
wouldn't accept the paper, and my grandmother, I guess, packed
up whatever she could. They didn't give you a two
year notice and then give you an opportunity to go

(54:16):
to court and fight these things. They gave most people
a six week, three month, six month notice. We need
your land, we're going to build a reservoir. We're going
to create a dam. It's going to be gone, it's
going to be underwater. You need to relocate. So they
left the night before. He stayed there that day with
his pitchfork on his farm, and the water started to

(54:38):
come as it started to fill the new reservoir. He
could see it running down the road and it started
to get to his shoes, and he stood there with
his pitchfork, and it got to the top of his boot.
And he stayed there and it got to his knees,
and he held on to a tree, and then the
water finally became so strong that it wassked him away,

(55:00):
and he grabbed onto a bureau and he reached safety
and crawled out of what was to be the Blackstone
Reservoir and walked to safety. And he was homeless. So
that was his American dream. It is so ironic that
he left Ireland because of what had happened, which was
people taking away his land, his house. He stood there

(55:23):
as long as he could and he held on to that.
Why it was his dream. And he was raising children.
He loved the railroad, he loved his home, and he
loved his children and his wife, and they both worked
in a mill six days a week. He farmed in
the morning before he went in, and farmed at night,
sometimes in the dark. So I don't know how he

(55:43):
felt that day when he watched that water come over
his boots. But home ownership is the keystone of this country.
Something's not right when you can see the banks from
Europe are the largest purchases of homes in the state,
purchasing homes in every county. So we're watching our borders.
In the south of US here or the west of us.

(56:04):
We better be watching the people coming over with the
checks for five point five billion, seven billion, eleven billion,
and we better find out how they're getting in the
country and what they're doing, and how we're going to
deal with that. When it's time to pay the piper.

Speaker 3 (56:21):
We'll call Kelly Financial Services eight eight eight eight hundred
eighteen eighty one.

Speaker 4 (56:27):
I'm Kelly Kelly from Kelly Financial. Whether you're in your sixties, seventies,
or eighties, financial advice is important when it comes to
preserving your nest egg. We have a free investor guide
called Designing your Fiscal House to Weather the Elements, which
highlights the steps needed to build a balance portfolio. For
the guide, call eight eight eight eight hundred eighteen eighty

(56:49):
one or email Kelly at Kellyfinancial dot org. We're Kelly Financial.
Come retire with us

Speaker 3 (56:57):
Safe money Strategies with William Kelly and Kelly