Kelly Financial: Saturday, August 09, 2025

Episode Transcript

Speaker 1 (00:12):
This is coming to us.

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 and practical advice.
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,

(00:41):
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
pillar in New England finance, an engineer turned entrepreneur, author
and philanthropist who believed in giving back and walking the talk.
Since five, our show has remained a Saturday morning staple,

(01:03):
offering insight and empowerment. Here at Kelly Financial, we help
steward over seven hundred million dollars across our affiliated business,
including more than five hundred million dollars managed by our
sec registered investment advisory, where 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

(01:26):
Charlie Gable, Mike Ducett, Greg Workman, Greg Murray, my sister
Mary Madeline, and Tom Schlager. We live by two rules,
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 consultation, visit

(01:46):
Kelly Financial dot org or call us at eighty 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 (02:03):
Safe Money Strategies with William Kelly and Kelly Kelly eight
hundred eighteen eighty one.

Speaker 4 (02:17):
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,
where I sit down with my handsome son, William Kelly Junior,
and we talk about life, what's going on in the world,

(02:39):
and our family and what really matters most when you're
planning for the future, sometimes as light, sometimes as thoughtful,
but as always real.

Speaker 1 (02:49):
Good morning, William, Good morning Mom.

Speaker 2 (02:52):
It's been a great morning, and especially because a couple
of big family events have been going on in this
past week. On Sunday of last week, Mary Madaline, as
many as you know and love her, my sweet, innocent,
beautiful sister, she completed a half marathon in Rockland, Massachusetts,

(03:14):
and beating her record by fifteen minutes. She did it
with her best friend. I got to meet her best
friend's boyfriend, their family, her family, and I got to
spend the whole day with Mary Madaline. And Mom, you
weren't there. I was not a good reason. There was
a very good reason.

Speaker 4 (03:32):
My sister Heidi and my brother in law Gary flew
in the night before, so I was a bit far
for us to go.

Speaker 1 (03:42):
But we were there in.

Speaker 4 (03:43):
Spirit, and we were cheering her on and through our phones,
and yeah it was I hate.

Speaker 1 (03:51):
I missed it, but well you had to be. You
were there to represent us exactly.

Speaker 2 (03:56):
Mary Madaline, who I thought would never lie and would
never ever tell a fib in her entire life, Sweet
innocent Maurray Madeline, Ladies and gentlemen, tells me the drive
to Rockland from where we live is an hour and
a half.

Speaker 1 (04:09):
And boy, I wake up at seven.

Speaker 2 (04:10):
Thirty in the morning and I look at my phone
and I see almost two hours drive turn and my
sweet and innocent sister, who would never do anything wrong,
did something wrong. And I couldn't believe it. And she said, yeah,
I kind of fibbed. I really wanted you to go.
I didn't appreciate that. And I'm telling everybody on WBZWRKO,

(04:31):
the whole am radio frequency. I did not appreciate that,
Murray Madeline. I appreciate honesty. That's a cool value.

Speaker 1 (04:37):
Okay.

Speaker 2 (04:37):
Other than that, she did fantastic. We had some really
good seafood together. I really love her friends and her
friend's family. They're really wonderful people. We got to go
over to Salem. They had a home there. It was
a beautiful home. They've had it since the nineteen eighties.
It's in great shape, beautiful house, beautiful area, pedestrians, don't
follow traffic laws. It's just a beautiful Massachusetts town. You

(04:59):
can't ask for more. Rockland was the same way. There
was about one lane and it was two ways, so
I felt like I was back in Newport. You know,
except people were just a little more angrier. I loved
it and the honestly beautiful scenery. Local Massachusetts town the
best place you can raise your kids, to be honest, like,

(05:19):
Massachusetts is one of the top places in the United
States to raise a family. Utah's number one. I think
Massachusetts is number three. Massachusetts used to be number three,
but it went down a little bit. I mean it
used to be number one, but then it went down
a couple But still with that being said, I didn't
just show up, of course, I had to do something extra.

(05:39):
I made at least ten different signs from Mary Maddeline.
I went above and beyond some things I can't say
on the show because we'd like to keep things, you know,
rated g here and a couple other things were like
some sibling digs, some little jabs, like, for example, ladies
and gentlemen, this is kind of a little thing, Marray Maddeline,
I have going on.

Speaker 1 (05:59):
We have wonderful dog named Georgia.

Speaker 2 (06:01):
For those who are not familiar with Georgia, she's typically
on the show in spirit. She'll make a couple whining noises.
You may hear her in the background, you may not.
I'm not sure if the am frequency can pick all
that up. But Georgia is my daughter. I'm her father.
It's a father daughter relationship. Mary Madaline claims to be
her mother. But Mary Madaline only comes here. First off,

(06:21):
she's my sister, so that can't work. Second off, she
only comes here once a week. I don't think a
mother does that. I'm with my dog all the time.
I give it the love, the attention, the morning walks.

Speaker 1 (06:32):
And how did I become the grandmother? Because my mom?

Speaker 2 (06:37):
So Mary Madaline was her aunt, but she tried to
claim she had motherhood status because Georgia Mary Madaline spoils her,
gives her food when she shouldn't human food, does all
the wrong things. She seems more like a grandmother, Yes
she really is. Maybe she should be grandmother Mary Madlin.
So Mary Madaline says, oh, she's my mother because she
loves me more. The reason Georgia hangs out with you,

(06:59):
Mary Maddlins because you let get away with all the
bad stuff. That's why I like hanging out with my uncle,
because he lets me get away with stuff.

Speaker 1 (07:05):
So that doesn't mean anything.

Speaker 2 (07:07):
Very Madeline, we're having this argument right now, so you
and you can't say anything back. You can't argue back
because you're listening to me. Let's go in the further detail.
She since she kept fighting this with the whole mother thing,
I had enough. I demoted her from aunt to cousin.
It was the most responsible thing to do. So she's
George's cousin now, because if she wants to act this yerresponsible,

(07:27):
I don't think she even has.

Speaker 1 (07:29):
How did she respond to that sign? So let me
explain what the sign was. I haven't even told him
what the sign is.

Speaker 2 (07:34):
So I made a sign that said Georgia is so
proud of her, and then in big bold red font
I just wrote cousin and I had a bunch of
arrows pointing to it.

Speaker 1 (07:47):
So that was a little jab.

Speaker 2 (07:48):
And then she ladies and gentlemen, she said, please make
fun of me. So I wasn't doing this because I
love my dear sister, but she gave me permission here.
So then I made about like ten other you know,
funny ones. But yeah, she did a great job. She
was so happy that I showed up, and I'm happy
I went.

Speaker 1 (08:05):
It was a really good day.

Speaker 2 (08:06):
I got to hang out at her apartment and ladies
and gentlemen, I know, we talk about Georgia a lot
and Marshall a lot, but we're having a new member
of the family coming soon, ladies and gentlemen, and it's
not part of our family. Mary Madeline is finally going
to become a real mother and she's going to have
her own puppy, not a baby, don't worry, but she's

(08:26):
having her own puppy.

Speaker 1 (08:27):
Yes, And it is a cock.

Speaker 2 (08:30):
A doodle I think, right, a cockapoo cockapoo cockadoodle, a cockapoo,
which is a mix between a cocker spaniel and a poodle,
I believe. And it is the most beautiful dog that
you've ever seen. But there's going to be some more
family tension, ladies and gentlemen. There's gonna be even more
family drama because Georgia is the jealous type. She is
the sweetest puppy on earth, but she's also the most

(08:52):
jealous puppy on earth. And if you're cot patting another animal,
she can get a little snippy.

Speaker 1 (08:58):
You know, she would never go out.

Speaker 2 (08:59):
Of her way to hurt somebody unless there was a
competing dog or cat or something that was in the
way of attention. Georgia will start to get jealous and
a little territorial because she needs to be the center
of attention. Which, don't worry, Georgia, I'll always give that
to you. I'm not going to abandon you like your cousin.
I'm not going to abandon you like Murray.

Speaker 1 (09:18):
Madeline.

Speaker 2 (09:19):
Georgia, I love you very much. But jokes aside, Mary
Madaline is to go back to the point I was
trying to make this dog. I'm going to be dog
sitting this dog probably every weekend, and Mary Madalin wants
to avoid paying a dog sitter is the truth.

Speaker 1 (09:36):
But I mean, hey, that's a whole one bedroom apartment
and a dog. I'm okay with that. That'll be a
good plan a thing. Do keep us on your dial.

Speaker 4 (09:45):
We've got a lot of great content coming your way,
Mike just said, and Greg Workman will break down this
unpredictable year in the markets and what AI means for
your investments moving forward, Mary Madeline, Kelly and Greg Murray.
We'll be sharing practical, encouraging ways to build financial security

(10:05):
one step at a time, no jargon, just real life
strategies that work. William and I will be back to
discuss the real risk that can sneak up on your
retirement and how planning ahead helps protect what matters most.
And of course we'll close the hour with some wit
and wisdom from the late Bill Kelly. His words continue

(10:27):
to inspire and guide us.

Speaker 1 (10:29):
That's a wrap for forever.

Speaker 4 (10:31):
Young Thank you for listening, and William, thank you for
joining me.

Speaker 1 (10:34):
I love you, Honey, I love you too, Marvel.

Speaker 5 (10:45):
I'm John Boudris and welcome to a new edition of
Kelly Financials. What would Bill say? The wit and wisdom
of the late Bill Kelly, who today tests time time.

Speaker 6 (10:55):
You don't have as much left today as you had yesterday.
Rule of science, when's the best time to plant a
tree twenty years ago? When's the second best time to
plant a tree? Tomorrow? Today? Whenever you can get to it,
that's the next best time.

Speaker 5 (11:11):
There's no time like the present to begin saving, planning
and enjoying retirement. So download our consumer guide simply called
a Happy Retirement and find six secrets of how you
can spend your time to cultivate happiness and a retirement
well lived. Go to Kelly Financial dot org or call

(11:31):
eight eight eight eight hundred eighteen eighty one to spend
some time with one of our financial advisors.

Speaker 6 (11:37):
Time, ladies and gentlemen, it's not too late.

Speaker 5 (11:40):
We are Kelly Financial. Come retire with us.

Speaker 3 (11:45):
Safe money strategies brought to you by Kelly Financial Services.
Call eight eight eight hundred eighteen eighty one or go
to Kelly Financial dot org.

Speaker 1 (11:57):
Come retire with us.

Speaker 7 (12:00):
Okay, my friends, let me ask you.

Speaker 8 (12:02):
Are you ready for retirement or are you just hoping
it's all gonna work out.

Speaker 7 (12:08):
You've worked hard.

Speaker 8 (12:09):
You've saved up, maybe built a solid four oh one day,
but now you're staring down rising taxes, inflation, health, air costs,
and asking will mind money actually last? Well, here's the deal.
The team at Kelly Financial has your back. They've put
together a free investor guide. It's called your Retirement Income

(12:29):
Planning Checklist, and it's exactly what smart retirees need to stop.

Speaker 7 (12:35):
Guessing and start planning.

Speaker 8 (12:37):
This thing is packed to covers social security strategies, long
term care, how to protect your income, and how to
work with a fiduciary advisor to build a plan that
fits for you and your lifestyle. If you're typing up
your summer budget or thinking long term.

Speaker 7 (12:55):
This guide is a must.

Speaker 8 (12:57):
So to get a free coffee call eight eight eight
eight hundred eighteen eighty one eight eighty eight hundred eighteen
eighty one, or email Kelly at Kelly Financial dot org
Kelly at Kelly Financial dot org.

Speaker 9 (13:13):
Hello, I'm Mike, you said, chief operating officer at Kelly
Financial Services, and you are listening to Kelly Financial, safe
money strategies, where we believe your financial future should.

Speaker 1 (13:24):
Be built on wisdom not anxiety.

Speaker 9 (13:26):
Joining me today as he does most weekends, is Kelly
Financial Investment Advisor Greg Workman.

Speaker 10 (13:31):
We are here every week to help you make smarter,
safer financial choices without the confusing industry jargon and without
the stress.

Speaker 1 (13:41):
We're just beyond the midpoint of the year.

Speaker 9 (13:43):
In the first half of today's program, we'll offer our
latest insights on this unpredictable year and what further surprises
may lie ahead in its second half.

Speaker 10 (13:53):
In the second half of the show, we'll talk about
artificial intelligence, what investors need to know about the AAI trend,
and how to capitalize on what many consider a modern
day renaissance period.

Speaker 9 (14:06):
Let's dive in. We've got a lot to cover. The
election last November was fairly decisive. Markets quickly repriced from
a state of uncertainty to more optimism about the future
direction of the market, with investors expecting acid prices to rise.

Speaker 10 (14:19):
Then, as we got into the new year, markets became
concerned that new tariffs might be more significant than previously anticipated,
even raising the risk of a growth shock.

Speaker 9 (14:30):
When an aggressive tariff strategy was rolled out on April second,
markets had to reprice again, which ultimately brought stocks down
by nearly twenty percent from their hives. Then, when many
tariffs were paused, the markets had to reprice once more.

Speaker 10 (14:44):
The market is fairly efficient at pricing in all that
known information, but when that known information is switching from
one day to the next, it creates volatility that we've
seen this year.

Speaker 9 (14:55):
The market has already rebounded from that decline in Today
the S and P five hundred is up rough eight
percent greg Historically speaking, what has typically happened to markets
after a drop of similar magnitudes.

Speaker 10 (15:07):
If you study all the declines of at least twenty
percent since nineteen fifty seven, in eighty percent of cases,
by one year later, the market is in positive territory.
The interesting pattern behind this year's bear scare is that
it was the third most rapid decline of that magnitude
since nineteen fifty seven.

Speaker 9 (15:29):
This year's market recovery came after some tariffs were dialed
back or paused, But is there a risk that tariffs
could re escalate and trigger a recession. For example, the
ninety day pause on most of the heavy tariffs on
US and Chinese goods is set to expire on August twelfth.

Speaker 10 (15:44):
Trade policy and all the questions surrounding it is still
a risk, and certainly this issue is not going away.

Speaker 1 (15:51):
So far.

Speaker 10 (15:52):
We've seen with the tariff volatility this year is that
soft data such as consumer confidence surveys did take a hit,
but hard data like jobless claims and economic growth have
held up well, which has been very good news for
the market and investors.

Speaker 1 (16:07):
For the time being.

Speaker 9 (16:08):
It seems like Wall Street is tuning out the tariff noise,
which is good because there are plenty of positives to
get excited about.

Speaker 1 (16:15):
That's right.

Speaker 10 (16:16):
We've seen a stable, resilient labor market. Job growth remains
consistent at roughly one hundred and fifty two thousand jobs
per month, keeping unemployment low around four to four point
one percent.

Speaker 9 (16:30):
Consumer and business spending is holding up at a healthy level,
and inflation is trending in the right direction.

Speaker 10 (16:35):
In addition, today's market is benefiting from innovation tailwinds. We've
seen a surge in artificial intelligence related investment, fueling productivity
gains and GDP growth.

Speaker 9 (16:46):
To sum it up, the positives outweigh the negatives, and
the market is in an uptrend supported by a healthy
economic outlook.

Speaker 1 (16:53):
Greg, what have you been hearing from clients?

Speaker 10 (16:55):
There have been some emotionally challenging times for investors this year.
Many investors are wondering where we go from here. They
may hear terms like slower growth and imagine bad outcomes,
but looking at earnings numbers, growth of seven percent or
so would still be positive earnings growth.

Speaker 9 (17:14):
That would be a good outcome for markets if we
saw growth in that territory. How has our team been
managing client portfolios through this volatile and unpredictable period.

Speaker 10 (17:22):
What has been interesting is that diversified portfolios have in
many cases done surprisingly well, even as that volatility was
impacting US stocks directly. Some other asset classes like international stocks, bonds,
certain commodities, and others have helped diversified clients experience much
less volatility in their returns.

Speaker 9 (17:43):
I know clients have been pleasantly surprised with our ability
to limit downside when the markets moved against US and
our upside capture when markets turned around greg So far,
the conversation this year has been dominated by tariffs in volatility.
What's the next big thing we're all going to be
talking about the second half of the year.

Speaker 10 (18:01):
Interest rates. The FED has four meetings between now and
year end. The President and his team have been ramping
up the pressure campaign and all eyes are on Jerome
Powell and his team at.

Speaker 1 (18:12):
The fedwatch that's a big issue. What else the health
of corporate earnings? Also, what happens with inflation?

Speaker 10 (18:19):
With tariffs, prices could go up or maybe consumers will
pull back on spending and companies have to pull back
on price increases.

Speaker 9 (18:27):
It is important to note that entry ya volatility is normal.
Despite average annual drawdowns of fourteen percent, the S and
P five hundred still finished positive in fifteen of the
last twenty years.

Speaker 10 (18:38):
Investors often overreact to short term to clients, but long
term portfolio growth remains intact if they stay invested.

Speaker 9 (18:47):
Investors who stay the course during market downturns not only
avoid locking in losses, but also position themselves to benefit
from the strong rebounds that often follow.

Speaker 10 (18:57):
The best investors know it's time in the market, not
timing the market that builds long term wealth.

Speaker 9 (19:03):
As we head into the break, ask yourself three questions.
Do I know how to manage my own investments? Do
I want to manage my own investments? And do I
have time to manage my own investments? If you're hesitant
or answered no to one or more of these questions,
you may want to consider learning more about Kelly Financial
Services and why over seventeen hundred clients have entrusted us

(19:24):
with their financial future.

Speaker 10 (19:25):
There's no time like the present. Call our team today
to schedule a no pressure conversation about your financial future.
We love meeting our listeners, and we pledge to provide straightforward,
honest advice with your best interest in mind.

Speaker 1 (19:40):
Call our team today.

Speaker 9 (19:41):
Our phone number is eight eight eight eight hundred eighteen
eighty one, or visit us on the web at Kellyfinancial
dot org.

Speaker 1 (19:48):
Let's pause here for a quick break.

Speaker 9 (19:50):
Make sure you don't miss the second half of the show,
where we'll talk about all things AI, what investors need
to know and how to capitalize on what many consider
a modern day Renaissance period.

Speaker 3 (20:06):
Kelly Financial Services eight hundred, eighteen eighty one.

Speaker 1 (20:11):
I believe that this nation should commit it zel achieving.

Speaker 9 (20:14):
The goal of landing a man on the Moon and
returning him safely to the.

Speaker 4 (20:19):
Earth six five four three two one zero All engine run?

Speaker 3 (20:28):
What'd God?

Speaker 4 (20:29):
What?

Speaker 10 (20:30):
God?

Speaker 4 (20:30):
On a follow other?

Speaker 5 (20:31):
Remember those Apollo Moon missions? One of America's greatest adventures
and achievements too. The nation set a goal and then
realized it. What are your goals? At Kelly Financial Services,
We've got the right team and technology to help launch
your retirement planning. Let us help you set and reach

(20:51):
your goals for your greatest adventure and achievement. Call us
at eight eight eight eight hundred, eighteen eighty one or
visit us at k llifinancial dot org. Where do you
want to land?

Speaker 7 (21:03):
We're Gullitybavior Landing.

Speaker 5 (21:07):
We are Kelly Financial Services. Come retire with us.

Speaker 3 (21:11):
The Money Wrap with Kelly Financial Advisors Greg Murray and
Mary Madeline Kelly.

Speaker 1 (21:18):
Good morning.

Speaker 11 (21:19):
This is Greg Murray's senior Vice president and Chief Compliance
Officer at Kelly Financial Services. Joining me today is Mary
Madeline Kelly, one of our wealth advisors. How are you
doing today?

Speaker 1 (21:28):
Good morning, Greg.

Speaker 12 (21:29):
I am doing great. Now that my half marathon is
behind me, I can definitely relax a little. It went
well and I finished, which is what matters most. I
ran it with my best friend, so it was nice
to have a running buddy throughout the many miles.

Speaker 11 (21:43):
How are you doing today? I am also doing great.
I'm glad to hear you had a great time at
your half marathon. It always impresses me how people are
able to run that much.

Speaker 12 (21:51):
Half is attainable, but I really can't imagine myself running
a full marathon. I just don't know how not to
get bored from running that many miles. But speaking of endurance,
it actually reminds me of today's topic because building financial
security is a lot like long distance running. It takes time, consistency,
and a good plan. Today, we're diving into a topic

(22:11):
that's relevant for everyone listening, no matter how much you earn,
how to build financial security.

Speaker 11 (22:16):
Absolutely, a lot of people think financial security is only
possible if you're a high earner, but that's just not true.
With the Ray habits, you can create a solid foundation
at any income level.

Speaker 12 (22:25):
Right And we're breaking this down into six strategies that
anyone can start implementing today. Let's start with the first one.
Pay yourself first.

Speaker 11 (22:33):
This one is powerful as soon as your paycheck hits
set aside a percentage. Ten percent is ideal, but even
five percent is a great start. And move it directly
into savings or a retirement account. Make it automatic so
you don't even have to think about it.

Speaker 12 (22:46):
That's key. Automation removes the temptation to spend that money.
You're essentially treating savings as a non negotiable expense, just
like rent or utilities exactly.

Speaker 11 (22:56):
And once you set that up, the next step is
building a budget. I know budgeting can feel restrictive, but
it's really about taking control.

Speaker 1 (23:02):
And you can make it simple.

Speaker 12 (23:03):
There are a lot of apps out there, but even
just tracking your spending for a month can open your
eyes to where your money is really going. When you
know what's coming in and going out, you can start
prioritizing your goals.

Speaker 11 (23:14):
That ties in nicely with another big one, building an
emergency fund. If the car breaks down or you have
a medical bill, pop pop, you need a cushion so
you're not putting it on a high interest credit card exactly.

Speaker 12 (23:23):
We tell clients to aim for three to six months
of living expenses, but don't let that number overwhelm You
start with five hundred, then one thousand dollars and build
it from there. It's all about creating that safety net.

Speaker 11 (23:35):
Another thing people overlook is protecting what they have, which
is our fourth strategy. This means having the right insurance, health, disability,
life and even renters insurance.

Speaker 12 (23:44):
If you don't own a home, and it's worth reviewing
your policies regularly. Are you paying for coverage you don't need?

Speaker 1 (23:50):
Are you under insured?

Speaker 12 (23:51):
A major event could derail years of progress if you're
not covered properly.

Speaker 1 (23:55):
Definitely.

Speaker 11 (23:56):
Once your foundation is solid, the next step is increasing
your income. That could mean asking for a raise, starting
a side hustle, or even finding ways to monetize a hobby.

Speaker 12 (24:04):
And it doesn't have to be a huge amount, even
an extra two hundred dollars a month. If you consistently
save or invest it, it can have major impact over time.

Speaker 11 (24:12):
Speaking of investing, that's our sixth and final strategy. Once
you've got an emergency fund in place and your debts
are under control, put your money to work.

Speaker 12 (24:20):
And that means thinking about your long term goals. Are
you contributing to a four oh one K or a
rough IRA. Are you using low cost investments like index funds?
Are you being mindful of taxes so you can keep
more of what you earn.

Speaker 11 (24:32):
The versification is also important. You don't want all your
money in one place, and remember your short term money,
like what you need in the next year or two,
shouldn't be invested in risky assets.

Speaker 10 (24:42):
Right.

Speaker 12 (24:43):
If you look at all six of these together, paying
yourself first, budgeting, building an emergency fund, protecting your assets,
increasing your income, and investing wisely, they really form a
complete roadmap.

Speaker 11 (24:54):
And what's great is that these strategies are flexible. Whether
you make forty thousand dollars a year or two hundred
thousand dollars a year, you can scale them up or
down to fit your situations.

Speaker 12 (25:03):
Let's give a quick example. Imagine someone earning forty thousand
dollars a year. If they automate seven percent into savings,
track their spending to cut back on unnecessary expenses, and
build up three months of living expenses, they're already building security.
Then maybe start a little side hustle bringing in an
extra two hundred dollars a month and direct that money
into investments exactly.

Speaker 11 (25:23):
Progress builds momentum, and over time, those small decisions can
completely change someone's financial future.

Speaker 12 (25:29):
So here's our challenge to listeners. Pick one of these
strategies and start this week. Set up that automatic transfer,
track your expenses or open that wroth Ira you've been
putting off.

Speaker 1 (25:39):
And don't feel like you have to do everything at once.

Speaker 11 (25:41):
Financial security is built step by step in consistency is
what matters the most.

Speaker 1 (25:45):
Well, that's a perfect note to end on.

Speaker 12 (25:47):
If you'd like personalized guidance on how to put these
strategies into action, reach out to us. We're here to
help absolutely, all right, Greg, Well, that wraps things up.
Enjoy the rest of your weekend and I will see
you next week.

Speaker 3 (25:58):
And to get in touch with Greg Murray or Marry
Madeline Kelly, or any member of the Kelly Financial team,
call at eight eight hundred eighteen eighty one.

Speaker 5 (26:12):
I'm John Boudris, and welcome to a new edition of
Kelly Financial's What would Bill Say? The wit and wisdom
of the late Bill Kelly. Today we'll address fact from fiction.

Speaker 6 (26:23):
You can always make money if you haven't if you
lose it all, it's very difficult to do that. So
you have to have a plan if the market goes
up quite a bit or down quite a bit, you
have to be ready. And how do you sort fact
from fiction?

Speaker 5 (26:37):
Download Kelly Financial's Consumer Guide simply called the Value of
an Objective Opinion with so much ed's steak with your
retirement future. You don't just want any financial advice, but
objective financial advice, and as a fiduciary, Kelly Financial puts
your interests above all else. Go to Kellyfinancial dot org

(26:59):
or call eight eight eight eight hundred and eighteen eighty
one to get the guide.

Speaker 1 (27:04):
Ladies and gentlemen sort fact from fiction.

Speaker 5 (27:06):
We are Kelly Financial Services. Come retire with.

Speaker 3 (27:10):
Us Safe Money Strategies with William Kelly and Kelly Kelly.
Call the team on a eight eight hundreds eighteen eighty.

Speaker 2 (27:20):
One, Thank care and we're back.

Speaker 1 (27:28):
Welcome to Safe Money Strategies.

Speaker 2 (27:29):
If you're just tuning in, I'm William Kelly Junior, and
every Saturday, my mom and I bring you insights, real
talk about retirement and personal finance. We come to you
from Kelly Financial Services, where we help families plan for
a stronger financial future. We are dedicated to two but
powerful principles, family values combined with financial knowledge.

Speaker 1 (27:50):
That's right.

Speaker 4 (27:51):
I'm Kelly Kelly, CEO of Kelly Financial and is always
a joy to be here every Saturday talking about the
real issues that impact your financial well being.

Speaker 1 (28:03):
Our goal on this show.

Speaker 4 (28:05):
Is to simplify complex financial topics and offer clear, practical
strategies that you can actually use.

Speaker 2 (28:15):
And today we're diving into something that matters to just
about everyone, retirement risks. Whether you're approaching retirement or already
living in it, it's never too late to make a smart,
informed decision. These risks can come from all directions, and
the more we understand them, the more confident we can
be in our retirement years.

Speaker 4 (28:33):
When we talk about retirement risk, we're talking about more
than just numbers. These are the kinds of challenges that
can really affect your quality of life if you're not prepared,
things like outliving your savings, healthcare surprises, or a sudden
dip in the market exactly.

Speaker 2 (28:54):
But with thoughtful planning and the right guidance, these risks
can be reduced and in many cases, avoid it altogether.

Speaker 1 (29:00):
So let's jump in.

Speaker 4 (29:01):
One of the most common concerns we hear is outliving
your money. People are living longer than ever and that's
a wonderful thing, but it also means your retirement savings
may need to last thirty years or more. That's why
longevity risk is at the top of our list.

Speaker 2 (29:21):
The first step is putting together a realistic, flexible budget.
Think about your must haves like housing, food and healthcare,
andrew and nice to have like travel, dining out, or
helping the grandkids with college. Creating a budget isn't just
about restricting your life. It's about making sure you can
live it fully and review that budget often.

Speaker 4 (29:41):
Your lifestyle and your expenses, even your goals can shift
as you move through retirement. We tell our clients all
the time your retirement plan is a living document.

Speaker 1 (29:54):
It should evolve.

Speaker 2 (29:55):
With you, and evolving doesn't mean overhauling your whole plan
every year. Sometimes is just adjusting for what's changed, like
healthcare needs, family situations, or even your energy level.

Speaker 1 (30:05):
Retirement is a new chapter, not the end of the story.

Speaker 4 (30:08):
I love that because retirement should be a time of
growth and rediscovery.

Speaker 1 (30:14):
We've had clients pick up.

Speaker 4 (30:16):
New hobbies, start second careers, even go back to school,
and your budget should reflect that joy, not just the bills.

Speaker 2 (30:26):
Speaking of that, don't underestimate how helpful it is to
actually write down your financial goals. When you get things
out of your head and onto paper, it makes them real.
It gives you a target, not just a wish.

Speaker 4 (30:36):
And if you're married or partnered, have these conversations together.
It's so important to be on the same page, especially
about spending styles, giving to family, or what fun looks.

Speaker 1 (30:50):
Like in retirement.

Speaker 4 (30:52):
You might be surprised where your visions overlap and where
they don't.

Speaker 2 (30:57):
Another great strategy is consider part time work and retire
not just for the paycheck, but for the structure and
sense of purpose it can bring. We see a lot
of retirees who do consulting, seasonal work, and even volunteer
in a way that provides some income.

Speaker 4 (31:10):
Yes, and it keeps you active and connected to the community.
It can also delay the need to withdraw from retirement accounts,
which gives those savings more time to grow.

Speaker 2 (31:22):
One risk that can sneak up on folks is retiring
just as the market takes a downturn. That's called a
sequence of returns risk. It can really impact your long
term finances. Basically, withdrawing from a portfolio that's losing value
can compound your losses.

Speaker 4 (31:37):
One smart way to guard against that is to build
up a cash reserve, maybe one or two years worth
of expenses in savings or other low risk vehicles. That way,
you're not pulling them from investment accounts while they're down.
You give your investments time to recover while still covering

(31:57):
your expenses.

Speaker 1 (31:58):
Another pitfall waiting too long to start saving.

Speaker 4 (32:02):
Time really is your greatest asset. The earlier you begin saving,
the more time your money has to grow. But even
if you're in your fifties or early sixties, is not
too late to make a difference. We have clients who
come in thinking they miss their chance, and they leave
feeling empowered.

Speaker 2 (32:23):
Tools like catch up contributions, which allow you to save
more in retirement accounts once you're fifty or older, can
really help. And sometimes it's about reducing expenses now so
you have more flexibility later.

Speaker 4 (32:35):
That might mean downsizing your home, consolidating debt, or even
holding off on big purchases.

Speaker 1 (32:42):
These may seem.

Speaker 4 (32:43):
Like small shifts, but they can have a big long
term impact.

Speaker 2 (32:48):
And let's not forget planning isn't just about the dollars
and cents. It's about peace of mind. Knowing you're prepared
can relieve a lot of stress.

Speaker 4 (32:57):
So true, we say all the time, is not just
about building wealth, it's about building a life you feel
good about living. Your retirement should be a time of freedom,
not worry.

Speaker 2 (33:10):
We're going to pause here, but we'll be back in
the hour to continue this conversation. We'll talk about how
to handle rising healthcare costs, how inflation can impact your
retirement income, and the role social security can play in
a strong sustainable plan.

Speaker 1 (33:23):
So don't go anywhere.

Speaker 4 (33:24):
You're listening to Safe Money Strategies with Kelly Financial Services
and we'll be back in Just to be a.

Speaker 3 (33:35):
Safe money Strategies brought to you by Kelly Financial Services
called eight eight eight eight hundred eighteen eighty one or
visit Kellyfinancial dot org.

Speaker 5 (33:45):
Ready to enjoy your golden years without worry. At Kelly
Financial we know retirement planning can be overwhelming. With more
than twenty two 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. For a
free initial retirement consultation called eight eight eight eight hundred

(34:07):
eighteen eighty one or email Kelly at Kellyfinancial dot org.
We're Kelly Financial. Come retire with.

Speaker 3 (34:14):
Us safe money strategies with William Kelly and Kelly Kelly.
Call the team on eight eight eight hundred eighteen eighty one.

Speaker 8 (34:24):
Take care.

Speaker 1 (34:29):
And we're back.

Speaker 2 (34:30):
I'm William Kelly Junior, and I'm sure again with someone
who wears two hats. My co host and the CEO
of Kelly Financial Services, my mom, Kelly Kelly.

Speaker 1 (34:39):
Thank you William.

Speaker 4 (34:40):
That introduction never gets sold and is a privilege to
be in this business and help families every week.

Speaker 1 (34:48):
And it's great to be here with you on this
Saturday morning.

Speaker 2 (34:52):
Same here today we're picking up where we left off
Part two of retirement Risks to avoid all costs.

Speaker 1 (34:57):
In this time we're going beyond the.

Speaker 4 (34:59):
Numbers exactly because some of the biggest retirement risks aren't
about markets or interest rates.

Speaker 1 (35:06):
They come from real life.

Speaker 2 (35:08):
Right, So let's stick into these unexpected life events and
how the right planning can make a big difference. Let's
start with something that really throws people off course, family
surprises like a divorce, the loss of a spouse, or
even a grown child moving back home.

Speaker 4 (35:21):
Those are big emotional moments, but they have big financial
consequences too. That's why flexibility in retirement is so important.
The more margin you build in, the better you can
handle life's curveballs.

Speaker 1 (35:39):
But how do you prepare for something you don't see coming.

Speaker 4 (35:41):
It starts with honest conversations, especially with your spouse or
adult children. What would you do if someone passed away,
or how to help this you or needed financial support.
Having those talks early gives you peace of mind later.

Speaker 2 (35:59):
Not easy call conversations, but definitely necessary, they really are.
Let's talk about the nuts and bolts. What are some
practical things people should do.

Speaker 4 (36:08):
Keep your insurance policies current, make sure beneficiaries are up
to date, not just on retirement accounts, but also on
life insurance and even your bank accounts.

Speaker 1 (36:21):
And what about emergency saving? Should that be bigger in retirement?

Speaker 4 (36:25):
Absolutely, it's not just about car repairs or medical bills anymore.
Retirees might need to help a child through a job loss,
or cover unexpected end of life expenses. A healthy emergency
fund gives you breathing room.

Speaker 1 (36:42):
So it's not just about protecting yourself.

Speaker 2 (36:44):
It's about being able to support others without throwing your
own planoff track.

Speaker 4 (36:47):
Exactly, and when a financial advisor understands your whole family picture,
they can help build that flexibility right into the plan.

Speaker 1 (36:57):
All right, Let's shift to another big one, taxes.

Speaker 2 (37:00):
People often underestimate how much taxes can eat into retirement.

Speaker 4 (37:03):
Income, especially if most of your savings are in tax
deferred accounts like four oh one ks or traditional iras.
You have to be strategic about how and when you
withdraw that money.

Speaker 1 (37:17):
So what can retirees do to lower their tax exposure?

Speaker 4 (37:19):
Consider converting some of those funds to a WROTH IRA.

Speaker 1 (37:23):
Pay the taxes now while rates may.

Speaker 4 (37:26):
Be relatively low, and don't assume the RMD minimum is
the smartest option. A tax planner can help map out
the best withdrawal strategy year by year.

Speaker 2 (37:38):
Let's move to one of the biggest surprises in retirement,
long term care.

Speaker 1 (37:42):
It's a big issue, it really is.

Speaker 4 (37:44):
Whether it's in home care or assisted living, the costs
can be very steep and Medicare generally doesn't cover it.
That's why we encourage clients to understand what long term
care really involves and explore insurance or hybrid policies that
help provide coverage.

Speaker 1 (38:04):
And it's not just financial, it's emotional too. That's right.

Speaker 4 (38:08):
Talk with your family about how care would work and
who would be involved. Planning ahead makes it much easier
on everyone.

Speaker 2 (38:17):
All right, here's a big mistake we've seen before. People
treat their four one k like a piggybank. Yes, and
it's risky.

Speaker 4 (38:25):
Loans or early withdrawals can shrink that nest egg fast
and they miss out on compound growth, which is critical.

Speaker 1 (38:33):
What's your take?

Speaker 4 (38:34):
We tell clients treat four one k loans as a
last resort. They're often better, smarter ways to get the
cash you need.

Speaker 2 (38:43):
What about those who started saving late or think retirement
is just about the numbers.

Speaker 4 (38:48):
Retirement isn't just a math problem. Is a lifestyle. You
need a plan for your time, your identity, your purpose.
And while starting late is a challenge, even all steps
in your thirties, forties, or fifties can make a real impact.
Don't forget catch up contributions if you're over fifty.

Speaker 1 (39:09):
So does the financial advisor helped tie all this together.

Speaker 4 (39:12):
At Kelly Financial, our advisors look beyond spreadsheets. We model
different what if scenarios, health events, inflation, taxes, so clients
can see how their plan holds up. We're with them
through all of life's chapters, not just the easy ones.

Speaker 2 (39:31):
So the takeaway is you don't have to do this alone.
What should listeners do next?

Speaker 4 (39:35):
I'd encourage them to reach out. If today's show raised questions,
we'd love to send a free copy of my book,
Retire Your Fear, Plan Your Future. It covers everything we've
talked about, plus social Security, income planning, market risk, and more.
It's written to help you build a retirement plan that's flexible, resilient,

(39:58):
and clear.

Speaker 1 (40:00):
Thanks mom.

Speaker 2 (40:00):
To get the guide and set up a complimentary appointment
with a Kelly Financial advisor, call eighty eight eight hundred
and twenty eight one or email us at Kelly at
Kelly Financial dot org. That's all for today. I'm William
Kelly Junior. Thanks for joining us on safe Money Strategies
heard right here on WRKO and streaming on the iHeart app.
We're in our twentieth year broadcasting, so thank you for listening.

Speaker 1 (40:23):
Stay with us. We'll be right back.

Speaker 4 (40:27):
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.

Speaker 1 (40:47):
For the book, call eight eight eight.

Speaker 4 (40:49):
Eight hundred eighteen eighty one or email Kelly at Kelly
Financial dot org. We're Kelly Financial. Come retire with us.

Speaker 1 (40:58):
We're back.

Speaker 9 (40:59):
You are listening to Kelly Financial Safe Money Strategies. I'm
Mike Duscett, chief operating officer at Kelly Financial, and I'm
joined by one of the trusted advisors on our staff,
Greg Workman.

Speaker 10 (41:09):
Our goal on this and every radio broadcast is to
help you make smart decisions with your money.

Speaker 9 (41:16):
All right, Greg, let's talk about one of the hottest
topics today, Artificial intelligence or AI. First off, what is
AI and why are people so excited about it?

Speaker 10 (41:25):
AI or artificial intelligence, is technology that enables machines to
perform tasks that typically require human intelligence, like learning, reasoning,
or understanding language. People are excited about it because it's
rapidly improving productivity, transforming industries, and creating entirely new ways

(41:46):
to solve complex problems.

Speaker 9 (41:48):
And that has investors seeing dollar signs. I read somewhere
that artificial intelligence is bringing such disruption to the fields
of science, arts, and business comparable to the renaissance.

Speaker 11 (41:59):
I know.

Speaker 9 (42:00):
We've had a lot of inquiries from our clients asking
how they can get involved.

Speaker 10 (42:03):
We certainly have. The good news is that at a
thirty thousand foot level, most all of our client portfolios
do have exposure to the AI trend. Take, for instance,
the S and P five hundred index, which includes companies
from eleven different sectors, from information technology to utilities and
financial services. Most all these companies stand to reap powerful

(42:26):
bottom line benefits from artificial intelligence.

Speaker 9 (42:30):
Goldman Sachs and Morgan Stanley estimate that AI could boost
S and P five hundred earnings by ten percent to
fifteen percent or more over the next decade.

Speaker 10 (42:39):
Consulting giant Mackenzie projects AI could add four point four
trillion dollars annually to the global economy, a portion of
which would flow into the S and P five hundred
company earnings.

Speaker 9 (42:53):
And Bank of America suggests AI could drive an additional
two hundred to three hundred billion in annual REVS new
across the S and P five hundred by twenty thirty.

Speaker 10 (43:03):
Owning the broad market may seem like a boring way
to play the artificial.

Speaker 1 (43:07):
Intelligence trend, but it's anything but.

Speaker 10 (43:11):
You get diversification in eleven different sectors with five hundred
of the largest, most stable companies out there.

Speaker 9 (43:18):
Let's drill down a bit for an investor looking for
a little bit more risk in exchange for potentially more reward.

Speaker 1 (43:24):
What do those AI investments look like?

Speaker 10 (43:27):
There are several dozen exchange traded funds that are purely
focused on artificial intelligence, not counting broader tech or general
innovation funds.

Speaker 9 (43:37):
An ETF or exchange traded fund is a type of
investment that holds a collection of assets like stocks, bonds,
or commodities, and trades on a stock exchange like an
individual stock.

Speaker 10 (43:48):
ETFs or exchange traded funds are diversified, typically low cost liquid,
and can be tax efficient, which makes them a good
fit for investors who don't want the hassle or stress
of picking or managing individual stocks.

Speaker 9 (44:02):
You went to an investor conference in Nashville about a
month ago. One of the presenters was an AI specialist.

Speaker 1 (44:08):
That's right.

Speaker 10 (44:08):
We heard from Tony kemb who is a managing director
at Blackrock, where he heads the Fundamental Equity Technology group,
helping to oversee all of the active technology investments that
block Rock makes. In addition to being a portfolio manager
and running a number of mutual funds and ETFs, He's
a world class technology investor who understands the sector like

(44:31):
few other people do.

Speaker 9 (44:32):
I know you were excited about Tony's layer cake analogy
when it comes to AI investing, share that with our listeners.

Speaker 10 (44:38):
Kim describes AI as a multi layered ecosystem built like
a nine layer cake, with each layer representing a different
segment of the AI value chain.

Speaker 9 (44:49):
Infrastructure at the base, than models, data, intelligence, and finally
applications in service at the top.

Speaker 10 (44:56):
While most current investment flows into the infrastructure layer chip
makers like Nvidia and cloud companies like Microsoft, the real
growth potential over the next few years will shift towards
the intelligence layer.

Speaker 1 (45:09):
That makes sense.

Speaker 9 (45:10):
At the heart of artificial intelligence is data, lots of
it being generated all the time.

Speaker 10 (45:15):
Eventually there will be a big opportunity for investors in
AI powered applications and services. Tony Kim encourages investors to
look beyond megacap names today and explore deeper into the ecosystem,
identifying opportunities across multiple layers of the cake. As artificial
intelligence adoption widens.

Speaker 9 (45:37):
AI is already reshaping our everyday lives in subtle but
powerful ways, and its impact is set to grow dramatically.
Savvy investors are taking note and already making gains from
this once in a lifetime opportunity to participate on the
cutting edge.

Speaker 10 (45:51):
Your financial future deserves more than just guesswork. A second
set of expert eyes can uncover hidden risks, missed opportunities,
and ways to make your money work harder for you.
Even small adjustments today can lead to significant better outcomes tomorrow.

Speaker 9 (46:09):
At Kelly Financial Ware fiduciary and the advisors on our
team aren't earning commissions from their investment recommendations.

Speaker 1 (46:16):
Why is that important?

Speaker 9 (46:18):
You can rest easy knowing the advice and guidance you
receive is in your best interest.

Speaker 10 (46:23):
Call us today at eighty eight eight eight hundred eighteen
eighty one again triple eight eight hundred eighteen eighty one.
Call us to schedule your complementary portfolio review, or to
start the planning process with a free copy of our
Safe Money Strategies workbook.

Speaker 1 (46:43):
With that, I'm Greg Workman and I'm Mike.

Speaker 9 (46:45):
You said, join us next week for more safe money strategies.

Speaker 8 (46:54):
Joining us now as she always does at this time,
the co founder, CeAl president of Kelly Financial Services, and yes,
that is her wonderful.

Speaker 7 (47:07):
Name, Kelly. Kelly Kelly, how are.

Speaker 1 (47:13):
You good morning, Jeff? I am good.

Speaker 4 (47:16):
Retirement should be about peace of mind, but too often
people head into it carrying silent risks like running out
of money, market drops, healthcare cost, or.

Speaker 1 (47:28):
Waiting too long to plan.

Speaker 4 (47:30):
At Kelly Financial Services, we've spent over twenty years helping
people retire with clarity and confidence. Our team of fiduciary
advisors meet one on one with clients every day to
create personalized plans that reduce risk and bring real peace
of mind. That's why I wrote Retire Your Fear, Plan

(47:51):
Your Future, a practical guide to help you spot real
risk and take smart steps to avoid them. It covers
social security, long term care, income planning, and how to
build the retirement lifestyle.

Speaker 1 (48:05):
You really want to get.

Speaker 4 (48:06):
Your free copy or to speak.

Speaker 1 (48:08):
With one of our advisors, give us a.

Speaker 4 (48:10):
Call or email Kelly at Kellyfinancial dot org. Jeff, have
a wonderful weekend, My best of Grace and the kiddos.

Speaker 8 (48:18):
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

(48:40):
Kellyfinancial dot org. That's Kelly at Kelly Financial dot org.

Speaker 3 (48:51):
Safe Money Strategies at eight eight hundred one, eight eight one.

Speaker 4 (49:01):
Before we say goodbye this morning, I want to share
something from the late Bill Kelly, my husband and the
heart behind so much of what we do here. He
used to say that some of the best lessons in
life weren't taught in classrooms. They were passed down at
the dinner table, on the farm, or during a quiet
ride to the polls. In this reflection, Bill talks about values,

(49:25):
real values, the kind that shaped this childhood and shape
this business, from diction to discipline, law and ordered a
hard work. It's a glimpse into the world that raised him,
and maybe, just maybe it'll remind us that the best
things in life, the values that matter, still live on.

Speaker 1 (49:46):
Here's Bill. What were the values that my grandfather taught me.

Speaker 6 (49:52):
There were many ladies and gentlemen, many many values that
he taught me diction. Can you imagine that we're all
on a farm and and we're all huddled together like
a pile of puppies, and here's a man. When we
get home from school, he would ask us the words
we learned, and he would tell us the importance of diction.

(50:14):
And that helped myself and my brother in Connecticut who
started me in this business. I know it helped us
because that was a lesson that would allow us to
stand out in the crowd. He said, good diction begins
with the teeth, tongue, and lips. I can see him
standing right there saying it. And ladies and gentlemen, I'm
on the show. Look, if I had the voice of

(50:36):
some other people on radio, I think I'd be a billionaire.
You know, I'm not on here because of my vocal talent.
And I'm not on here because I'm the sharpest person
in radio. I'm here because we love doing the show,
and apparently you love listening. And that's the extent of it.
And I don't fool myself, but I do my best.
It's very demanding, but diction was something that was important

(51:00):
this man, and he taught us, and some of us listened.
Some of us didn't respect for teachers paramount. In our house.
If a note came home from school, it was a
huge event, ladies and gentlemen, huge event, and it didn't
generally work out in our favor if it was a
message that we hadn't been doing what we were supposed

(51:20):
to be doing. So if the note came home, there
was definitely a meeting with my folks after dinner, and
it was discussed. And generally the committee that I met
with that night might be my mother and my grandfather,
my father and my mother. They generally sided with the school,
I would say one hundred percent of the time. So

(51:42):
nobody called the school and said we're going to sue
the teacher. They called the school and said, it's taken
care of. It happens again. Please let us know. Respect
for law and order, paying your taxes, being a good
citizen was taught at an early age. Voting was paramount.
As each of us reached the age of sixteen, we

(52:03):
were expected to drive people to the polls. Back in
those days, those people were Democrats. Ladies and gentlemen I
believe from the looks of them and everything they said
on the way over there in the car. We were
bringing Democrats to the polls to vote for other Democrats, obviously,
and that was something we did. We participated in government.

(52:26):
We actually watched news conferences in my home. So we
have basically uneducated people from Ireland stressing the need for diction,
participation in government and paying attention to political news. That's
what it was like. That's what my life was like
back then. What else law and order, obeying the rules

(52:51):
highly stressed. We didn't get a chance to participate in
the nineteen sixties hippie thing.

Speaker 1 (52:58):
We got sideburns.

Speaker 6 (52:59):
Basically they could go to the bottom of your ear
attached to your head. That was the limit you were
going to have. Or you work and to sit at
the table at night. It wasn't going to be comfortable.
Work and employment those are extremely important to people in
my family. To always have a job, no matter what
you were doing. If you got fired or quit or

(53:19):
laid off, you were not encouraged to take unemployment, although
nobody would make fun of you. You were encouraged to
get another job right away if it wasn't the right fit.
Something would come up along the way to make it
the right fit, and you get the right job eventually.
But sitting around the house waiting for the perfect job

(53:40):
was not really a family tradition at the Kelly house.
Those were the values we were taught. We were a
union household. We respected unions, we respected people's labors, people
who worked, and I'd believe up until that point, I
don't think it was abused the way that Acorn and Sei.

(54:00):
It wasn't besmirched. It was a proud thing in our
lives that we supported union movements and better working conditions,
higher wages, and better standard of living. That's all changed now.
The unions of a very different function. In many ways,
they served to be political entities, which is not what

(54:22):
the purpose was when they started. They were trying to
keep people from working on Sundays or if they had
to work Saturdays, to get more money. They set the
work week at forty hours, and we needed that badly,
especially in Rhode Island, especially in Providence, because what was
in Providence meals of any type you could imagine. They
made everything from paper to jewelry to any type of

(54:46):
thing that you might imagine that had anything to do
with metal, jewelry or machinery. So that's what it was
like at our home. Those were our values. They were
taught to us by our parents and grandparents, and it
seems like a dream right now. When we look back,
it seems like those values are gone, but they're not.
Ladies and gentlemen, they're still here.

Speaker 3 (55:11):
We'll call Kelly Financial Services eight eight eight eight hundred
eighteen eighty one.

Speaker 4 (55:16):
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 balanced portfolio.
For the guide, call eight eight eight eight hundred eighteen

(55:38):
eighty one or email Kelly at Kellyfinancial dot org.

Speaker 1 (55:43):
We're Kelly Financial. Come retire with us safe.

Speaker 3 (55:47):
Money strategies with William Kelly and Kelly Kelly. Go to
Kelly Financial dot org.

Speaker 5 (55:56):
The news break is coming up, and during the break,
take the time to give a call at eight eight
eight eight hundred eighteen eighty one and make that all
important first step to secure your retirement future. Talk things
through with a financial advisor about any aspect of retirement
or money management, whether it's your portfolio, concerns about healthcare,
or if you're tossing around the idea of relocating or

(56:17):
maybe helping out with your grandchildren's college. See if financial
advisor isn't only about the stock market. That's only a
portion of the job description. And in the end you'll
be amazed at how very small adjustments over time can
have enormous results when it's time to retire. In fact,
these adjustments can be the difference of when you can retire,
or in some cases, whether you can retire at all.

(56:39):
So call us at eight eight eight eight hundred eighteen
eighty one or visit us at Kelly Financial dot org
and raise a toast to your financial future. Eight eight
eight eight hundred, eighteen eighty one. Kelly Financial Services with
offices in Braintreet and Burlington. All right, we'll see you
next week. All opinions expressed by the host, his guests,
or employees of Kelly Financial Services are solely their own

(57:01):
and do not reflect the opinions of Kelly Financial Services.
Information has been obtained from sources deemed to be reliable,
but their accuracy and completeness cannot be guaranteed. The information
provided as general in nature and is not intended to
be specific investment, tax or legal advice.

Speaker 10 (57:12):
It is always advisable to consult a professional before making
a financial decision.

Speaker 5 (57:15):
The host is a client of Kelly Financial Services in
exchange for hosting the Safe Money Strategies Show and providing
testimonials of his personal experience as a client of Kelly
Financial Services, Kelley has waived the host's advisory f BEE
in full. Because of this arrangement, where the host receives
compensation in the form of a fee waiver, the host
has an incentive to recommend Kelly Financial Services, resulting in
a material conflict of interest,